Am I able to open a 360 i account if I am not muslim? The only available branch of ocbc in my place is Al Amin which I assume only provide 360 i instead of conventional 360.

The OCBC i went to was Al Amin, can open conventional 360, can apply credit card too

Deleted

This post has been edited by Sumofwhich: Aug 4 2018, 10:51 AM

In addition to bill payment criteria (statement #2), payment for OCBC credit card using OCBC 360 consider as 1 transaction.

In case you cannot make 3 bill transactions for the month, you can split one of the bills into 2 transactions.

iirc, same bill with multiple transaction still considered 1

Actually done 2 transactions on CC payment to make total 3 transactions. Still got the 1.2%. But that was quite some time ago.

this is interesting... haha, just checked with the T&C:

Multiple payments within the calendar month bearing the same reference will be deemed as one Bill Payment. For example:
(i) multiple payments to the same OCBC home loan facility account; or
(ii) multiple payments to the same participating billing organisation, unless each payment is uniquely identified to a different account; or
(iii) multiple payments to the same account with any bank or financing institution.
OCBC Bank’s decisions as to whether any 2 or more payments shall collectively be deemed as one Bill Payment shall be final, conclusive and binding on all parties concerned.

maybe they updated new T&C after spotted many people did same as you haha

or maybe because your 2 transactions are pretty far apart? so the keyword "whether" kicked in... hahaha

Probably... Hahaha

Now many options to make bill payment, so i'm not worried already

haha, closed 1 door, but opened more doors for you

OCBC Android app required update, some new features added

OCBC Bank rolls out savings account with FD-type interest rate

KUALA LUMPUR: With rates similar to that of fixed deposits (FD), OCBC Bank (M) Bhd’s freshly-minted Booster and Premier Booster savings accounts are set to become the new benchmark for flexible high-interest-yielding savings accounts.

OCBC Bank’s Booster account holders can enjoy a 3.25% per annum interest rate by maintaining an average balance of at least RM30,000; there is no cap to the balance. If the balance falls below RM30,000, the usual savings interest rate of 0.25% per annum will apply.

Read more at https://www.thestar.com.my/business/busines...zh75imvBqCEO.99

Still cannot beat Phillip money market fund and do not even need to keep so much with them to enjoy such rate.

can you advise how do i put money into phillip money market fund? what is the returns?

i am from Singapore so not familar with this
is it money market fund from POEMS (Philips securities)?

thanks

If you are from SG, best place to keep money is Citibank maxi gain. Condition is don't withdraw money and you will be able to reach the max level (very easy to achieve if you don't withdraw money).

This Phillip money market fund is for people who want to keep short term RM.

POEMS in SG is only good for buying UT. Nothing more. Other stuff is practically useless.

This post has been edited by Ramjade: Aug 18 2018, 11:30 PM

Yes I am from Singapore but hold quite bit of ringgit at M'sian Bank so i am trying to find the best place to keep my ringgit for short term returns
u mention philip money market fund is better than OCBC booster accounts. how do i place money with philip money market fund? and what is their returns?

thanks

This post has been edited by verbatin: Aug 18 2018, 11:37 PM

Forget about keeping money in Malaysia. Keep your money in SG as SG govt is making their currency gradually appreciate against all currencies.

Of course is better. Higher rates at 3.69%p.a vs ocbc of 3.25%p.a without any charges. Too sweeten the deal no need to maintain RM30k unlike ocbc.
So even RM1k in Phillip market fund will earn you 3.69%p.a unlike RM1k in ocbc booster which only earn you 0.25% as the amount is below RM30k.

How to place?
Open an account with themhttps://www.eunittrust.com.my

What's the return?
3.69% p.a as mentioned on their page (scroll down) and on their fund fact sheet. Rates will change I think on a monthly basis depending on the underlying FD they invest in.

More info can be found at
https://forum.lowyat.net/topic/4268975

Keep in mind don't withdraw fully as they might charge you RM5 (I have never been charged despite withdrawing fully multiple times)

This post has been edited by Ramjade: Aug 19 2018, 05:45 AM

thanks for the reply. Appreciate it. will check out money market fund - MMF is indeed a good place to keep it there for short term as i am not keen to keep all my rinngit in FD. i prefer to keep some in cash so that i can use it to buy stocks when market is down

my late dad left for us some ringgit in a the bank and some share listed at Bursa so i do receive dividend from these stock. that explains why i have ringgit

so to say, i didnt purposely keep my money in ringgit




This post has been edited by verbatin: Aug 19 2018, 12:50 AM

It's RM5 not RM50. Sorry typo.

The other good parking place is amanah saham fixed price fund. Min 6%p.a. Function exactly like a FD but you can withdraw anytime (working hiurs) at banks or their branch.

This post has been edited by Ramjade: Aug 19 2018, 06:20 AM

i think foreigner cant buy this amanah Saham? that day, i ask about Islamic FD and were told this is not available for foreigner

Only if you have Malaysian IC. For FD can. Nonsense bank don't want to put accept FD.