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> OCBC 360 Savings Account - Up to 4.1% Interest !, Get higher interest on your savings acct

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aromachong
post Apr 13 2016, 06:25 PM

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QUOTE(Ramjade @ Apr 13 2016, 06:03 PM)
Been placing for 4 months+ (uplift and place new FD every month). Got record. They even ask you to print xxx page for reference (but I didn't) Upon placement.

Ambank eTerm-Deposit-i
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not bad , i'd say

however i have ambank savings acc already

just deposit all money and click for online fd placement , right?

would like to transfer portion from smart savers for 6 months
Ramjade
post Apr 13 2016, 06:34 PM

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QUOTE(aromachong @ Apr 13 2016, 06:25 PM)
not bad , i'd say

however i have ambank savings acc already

just deposit all money and click for online fd placement , right?

would like to transfer portion from smart savers for 6 months
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Yup. But Ambank Islamic efd not interesting compare to Maybank eGIA-i. Interest and capital not guaranteed but people in FD forum have been getting 4% returns every month for 3 months already
aromachong
post Apr 13 2016, 06:35 PM

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QUOTE(Ramjade @ Apr 13 2016, 06:34 PM)
Yup. But Ambank Islamic efd not interesting compare to Maybank eGIA-i. Interest and capital not guaranteed but people in FD forum have been getting 4% returns every month for 3 months already
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guess i will stick with amislamic efd thanks for the tips off !
lil_flank
post Apr 13 2016, 07:16 PM

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Just open it today. The OCBC 360 in Malaysia is abit different compared to Singapore. Credit card payment of other banks is not eligible for 3 bills criteria, dmn..
Like some members in this forum has mentioned, the OCBC credit card is really one of the worst cashback credit card. But i still apply due to the 1.2% interest and i have Great Eastern insurance. I already have a HL Wise card which i always get max cash rebate. So this OCBC card will be my 2nd backup card.
yahiko
post Apr 13 2016, 07:17 PM

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I Put 500 in early month n take out again end month. Still entitle for the 1 .2%?

This post has been edited by yahiko: Apr 13 2016, 07:23 PM
JCogent
post Apr 13 2016, 10:54 PM

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QUOTE(yahiko @ Apr 13 2016, 07:17 PM)
I Put 500 in early month n take out again end month. Still entitle for the 1 .2%?
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Yes, as long as there's rm500 deposited, you don't even need to wait till month end to withdraw.
lepakboy
post Apr 14 2016, 09:23 AM

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Just my opinion. Some people really like the OCBC Platinum Mastercard, my wife included biggrin.gif .

Whilst the 0.5% rebate isn't the most fantastic, the Auto IPP 0% interest split is super helpful with big purchases.

e.g.
Car suspension damaged by Pot Holes mad.gif + Worn Tyre RM 1,850. Paid with Plat Card and we only paid RM308.33 for 6 month

It also helped pay for my Wedding Dinner rclxm9.gif as I split the total RM30,000 over 1 year! Essentially it costed me RM2,500 over 12 months (because of 50% deposit). In terms of helping cash-flow, i don't think there is any other card that can do the same.

Having said that, you have to be very careful with a card like this because if you're the kind that only looks at minimum repayment ........ sweat.gif
yahiko
post Apr 14 2016, 11:56 AM

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QUOTE(Ramjade @ Apr 13 2016, 03:09 PM)
My answer would be 3.
(1) ocbc SmartSavers (dump rm1k /month into it with NO WITHDRAWAL -  defeat the purpose of a SA)
For me, I will personally choose RHB bonus savers as my future SA. Less hassle the following year. Any amount, no limit on withdrawal with rates of 2.65%
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RHB bonus saver got any term and co? like normal saving just need to bank inRM500 month right?
Ramjade
post Apr 14 2016, 11:58 AM

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QUOTE(yahiko @ Apr 14 2016, 11:56 AM)
RHB bonus saver got any term and co? like normal saving just need to bank inRM500 month right?
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Bank in. Cannot withdraw. Can only withdraw all on 13th month. From my understanding.

This post has been edited by Ramjade: Apr 14 2016, 12:00 PM
yahiko
post Apr 14 2016, 12:00 PM

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QUOTE(Ramjade @ Apr 14 2016, 11:58 AM)
Bank in. Cannot withdraw. Can only withdraw all on 13th month.
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which means after 1 year only can access the money to get the 2.65%? after 13 month.. we can continue to serve as SA ( normal bank in RM500 but can withdraw any time) or same pattern again?
Ramjade
post Apr 14 2016, 12:05 PM

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QUOTE(yahiko @ Apr 14 2016, 12:00 PM)
which means after 1 year only can access the money to get the 2.65%? after 13 month.. we can continue to serve as SA ( normal bank in RM500 but can withdraw any time) or same pattern again?
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After the 13th month, RHB bonus saver will become like any other SA. The difference is you will 2.65%p.a interest without needing the need to bank in RM500/month. Simply leaving any amount inside also will get you 2.65%. biggrin.gif there's no limit or penalty for withdrawal (after 13th month)

This post has been edited by Ramjade: Apr 14 2016, 12:08 PM
yahiko
post Apr 14 2016, 12:08 PM

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QUOTE(Ramjade @ Apr 14 2016, 12:05 PM)
After the 13th month, RHB bonus saver will become like any other SA. The difference is you will 2.65%p.a interest without needing the need to bank in RM500/month. Simply leaving any amount inside also will get you 2.65%. biggrin.gif
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great thankss... rclxms.gif
Nom-el
post Apr 15 2016, 07:04 PM

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QUOTE(lepakboy @ Apr 13 2016, 10:51 AM)
I have actually opened this account. Personally I use it as sort of an FD as the rates are decent and I like the ability to withdraw my money when I want to. The card spend isn't actually that bad especially if you are a Great Eastern customer. (their Great Eastern Plat Card splits your premium over 12 months)

I did compare it to Maybank's and Hong Leong's offerings but

Maybank Premier Plus - requires RM500,000 balance to earn 2%?  bangwall.gif Might as well dump it all in an FD.

Hong Leong Pay & Save - Paying 15 Bills to get 1.9%? I mean how many bills do you have unless you're running a business  blink.gif
Only thing I can complain about is probably the lack of ATM's. But then again, i guess it forces me to spend less and save. Which is the reason for opening the account in the first case!  rclxm9.gif
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For the Great Eastern auto-IPP, does the installment amount still count towards the RM500 spend on credit card part? Or only those insurance premium that is not converted to installment counts?

For Pay & Save account, online IBG is also counted as an online transaction. You can even use it to pay your other banks' credit card for e.g.


QUOTE(HarpArtist @ Apr 13 2016, 01:40 PM)
yes i split my cc payment into 3 and it works.
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thumbsup.gif


QUOTE(aromachong @ Apr 13 2016, 05:54 PM)
i have many savings account here

so (1) serve me the purpose and i like my smart savers very much.. no need headache.. just dump 1 k every month for extra money.

unlike ocbc 360, it has limit for the savings to earn u interest

smartsavers u can put 1 mil 2 mil as u like as there is no limit restrict by bank
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If really want high intrerest for big amounts, can consider OCBC Premier Save account,
200K and above - 3.33% (4.00% promo rate)
less than 200K - 1.00%

lepakboy
post Apr 20 2016, 10:28 AM

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QUOTE(Nom-el @ Apr 15 2016, 07:04 PM)
For the Great Eastern auto-IPP, does the installment amount still count towards the RM500 spend on credit card part? Or only those insurance premium that is not converted to installment counts?
Well so far I've been spending a little bit over (Avg 600-800) on top of my IPP installment. But I'll check at the end of this month as spending is lower. (Saving for new family member biggrin.gif )
middle_one23
post Apr 24 2016, 02:32 PM

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QUOTE(Nom-el @ Apr 15 2016, 07:04 PM)
For the Great Eastern auto-IPP, does the installment amount still count towards the RM500 spend on credit card part? Or only those insurance premium that is not converted to installment counts?
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Auto IPP will NOT be count as RM500 credit card spending, stated somewhere in their T&C (I might search for the link if you need..)
For those insurance premium that u didn't convert to installment, YES, it counts.
ywk9630
post Apr 25 2016, 11:32 AM

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QUOTE(lepakboy @ Apr 14 2016, 09:23 AM)
Just my opinion. Some people really like the OCBC Platinum Mastercard, my wife included  biggrin.gif .

Whilst the 0.5% rebate isn't the most fantastic, the Auto IPP 0% interest split is super helpful with big purchases.

e.g.
Car suspension damaged by Pot Holes  mad.gif + Worn Tyre RM 1,850. Paid with Plat Card and we only paid RM308.33 for 6 month

It also helped pay for my Wedding Dinner  rclxm9.gif  as I split the total RM30,000 over 1 year! Essentially it costed me RM2,500 over 12 months (because of 50% deposit).  In terms of helping cash-flow, i don't think there is any other card that can do the same.

Having said that, you have to be very careful with a card like this because if you're the kind that only looks at minimum repayment ........  sweat.gif
*
The annual fee can waive? what is the TNC to waive?
deity01
post Jun 26 2016, 06:09 PM

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OCBC 360 do not have instant fund transfer option?

This post has been edited by deity01: Jun 26 2016, 07:18 PM
MilesAndMore
post Jun 30 2016, 09:53 PM

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QUOTE(deity01 @ Jun 26 2016, 06:09 PM)
OCBC 360 do not have instant fund transfer option?
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Got. I just opened this account yesterday and used the fee-free MEPS Instant Transfer to transfer some money out right after through their mobile banking app. The fee-free MEPS Instant Transfer feature on their mobile banking app is the main reason I opened this account biggrin.gif

Do however note that this fee-free MEPS Instant Transfer is just a limited time promotion (fee waived until end of this year). Being a FLIB with such a limited ATM, hopefully they will make the MEPS Instant Transfer free permanently someday.

This post has been edited by MilesAndMore: Jun 30 2016, 10:01 PM
deity01
post Jul 1 2016, 10:58 AM

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QUOTE(MilesAndMore @ Jun 30 2016, 09:53 PM)
Got. I just opened this account yesterday and used the fee-free MEPS Instant Transfer to transfer some money out right after through their mobile banking app. The fee-free MEPS Instant Transfer feature on their mobile banking app is the main reason I opened this account   biggrin.gif

Do however note that this fee-free MEPS Instant Transfer is just a limited time promotion (fee waived until end of this year). Being a FLIB with such a limited ATM, hopefully they will make the MEPS Instant Transfer free permanently someday.
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only Mobile banking app hv? I cant find it in the OCBC Internet Banking


--- found

This post has been edited by deity01: Jul 27 2016, 03:58 PM
deity01
post Jul 27 2016, 04:00 PM

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if I create saving goal, the money in the saving goal sub account will still hv the same interest as the primary account izzit?

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