OCBC 360 Savings Account - Up to 3.25% Interest !, Get higher interest on your savings acct
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 Dec 13 2022, 03:49 PM
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#1
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Senior Member
4,652 posts Joined: Jan 2003 
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QUOTE(leo_kiatez @ Dec 13 2022, 11:51 AM) How to purchase rm500 unit trust online to get the extra 0.49% interest for 360acount? OCBC app got function to buy unit trust but very selected to choose from and most of it are underperforming 🤦♀️ so forget about it just go for the 3 pillars is more than enough |
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Dec 13 2022, 10:41 PM
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#2
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Senior Member
4,652 posts Joined: Jan 2003
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QUOTE(gooroojee @ Dec 13 2022, 05:48 PM) If you had RM100k in the bank and you can increase it's interest rate by 0.49% by buying a tiny amount of UT, the performance of the UT becomes rather inconsequential ... unless it's a total loss. Have you factored in the sales charges it is at minimum 1.88% everytime you invest not mentioned annual management fee Penny wise pound foolish when you actually throwing away money to the bank 3 times more of what you gain 🤦♀️ |
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Dec 13 2022, 11:04 PM
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#3
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Senior Member
4,652 posts Joined: Jan 2003
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QUOTE(gooroojee @ Dec 13 2022, 10:57 PM) Sales charge is only 1.88% of the rm500, vs. 0.49% gain on rm100,000. Please do your math and and prove how it is inferior. It is provided only if everyone has 100kEven if it is 50k you are just breaking even paying 4% in sales charges and fees over 6000 on ut yearly 🤦♀️ It is just silly over rm250 in gain yearly for 0.49% for 100k while your UT is losing way more than that 🤦♀️ |
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Dec 13 2022, 11:18 PM
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#4
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Senior Member
4,652 posts Joined: Jan 2003
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QUOTE(gooroojee @ Dec 13 2022, 11:10 PM) You're twisting numbers to justify your incorrect statement. The scenario is UT of rm500 (not rm6,000) to gain extra 0.49% on a rm100k savings deposit (which btw isn't rm250). Why would anyone invest more than rm500? The calculation are yearly and remember not all UT are minimum 500 monthly as some are as high as 1000 🤦♀️The numbers speak for themselves. OCBC are not stupid enough to shoot themselves in their foot as when they are giving out this promotion they will have to earn back through other means in another way hence sales charges 🤦♀️ You can go ahead and throw your money 👏 Only those who bought into those UT will know why |
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Dec 28 2022, 05:27 PM
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#5
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Senior Member
4,652 posts Joined: Jan 2003
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QUOTE(teslaman @ Dec 28 2022, 04:54 PM) 2.1% only? So small Otherwise how they gonna make any money 🤦♀️ |
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Jan 13 2023, 10:18 PM
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#6
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Senior Member
4,652 posts Joined: Jan 2003
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QUOTE(Sunshape @ Jan 13 2023, 05:54 PM)  Do you think this is real or phishing? If click on the attachment (HTML), it asks you to create secure mail ID to fill up password with retype and choose security question with answer. Check all the addresses as it should not be such way for authenticating documents I suggest you head to nearest branch during banking hours to sort it out rather to do it via phone as it will be delayed in action OCBC only does document validation via branches not through online |
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Jan 14 2023, 01:22 AM
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#7
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Senior Member
4,652 posts Joined: Jan 2003
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QUOTE(Ramjade @ Jan 13 2023, 10:34 PM) Scam. Opening html file = you might initiate a drive by download. Agreed as it looks odd and phishing in progressQUOTE(Sunshape @ Jan 13 2023, 11:58 PM) It was sent to me, with cc to another OCBC email (probably the manager or another higher officer) Doesn’t matter as banks shouldn’t ask personal details via email.It looks legit as the html linked to voltage-pp-0000.ocbc.com (it is still under OCBC domain) that requires to register a new Secure Mail ID account to read the e-mail (perhaps) They would ask via email and instruct you go to the nearest branch or via snail mail Also, if customer service can’t answer you it means that this request is scam as OCBC HQ would have documented all the procedures if any customer would have call to ask Lastly, if there is a such request and they need to contact you immediately a SMS would have sent to you via your account registered phone number All smells scam even with link or domain that is linked to it 🤦♀️ QUOTE(Ramjade @ Jan 14 2023, 12:15 AM) For me personally I won't trust anything which came into my email that is from bank requesting information. If they send the message to your via ban secure inbox, then yeah. No issue. Call me paranoid. Not paranoid but secured. 1st time as OCBC will always insist you go to the branch to sort this out |
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Jan 20 2023, 06:28 AM
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#8
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Senior Member
4,652 posts Joined: Jan 2003
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QUOTE(contestchris @ Jan 20 2023, 01:05 AM) Has anyone close an OCBC account in Malaysia before? What's the process like? I can't seem to find any information on this on their website. Only close the account after a year otherwise closing fee With the RM20 minimum balance requirement this account is now useless to me. Just maintain it the minimum for a while 1st |
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