Based on my understanding, transferring the money out to other banks and then transferring it back in should be counted as fresh fund. However, it would affect your average daily balance (ADB). Meaning, if you transferred the money out today & only transferred the money back in tomorrow, the average balance would decrease resulting in lower incremental ADB (in your case, negative incremental ADB). Meaning you would need to transfer more money in in order to maintain the same ADB. In order to avoid that, you should not have registered on 15 May. Instead, you should have registered on 17 May, then the baseline would be the balance on 16 May.

If you transfer money from your other PBB accounts like FD or CASA into your savings account, then I agree it would not be considered as fresh fund. Else, it should be considered as fresh fund. But I don't know for sure since I don't work for the bank. However, be careful with the advice given by bank's staff as some are known to be giving out wrong info to customers, even those senior officers.

Thank you good sir.

My funds were never in my CASA. But they were in PB FD, which i instant transferred out to another bnkvia IBG over the counter (Never passed my PBB CASA). In this case, the bank manager said money transferred back in won't be considered. I have to top up beyond what I transferred out today.

I called up their general hotline and the person over the phone confirmed this is her understanding as well.

For all the effort and foregone premature upliftment of FD, I am quite unhappy. I had done something similar with Hong Leong and Alliance in the past and it was fine (Transfer out and in the next day).

PBB should really clarify this in their T&Cs. I wonder who the product manager is.

You made the right decision to stay away from this campaign because you probably violated TnC clause 2.6

2.6 The funds used to participate in this Campaign must be from fresh funds.
“Fresh funds” refer to funds that do not originate from any existing deposit
account(s) of the Eligible Participant maintained with PBB or PIBB.

Below are definition of ADB and Incremental ADB copied from the TnC

ADB @ 31 July 2016 = Sum of day end balances from the date of SMS registration until 31 July 2016 divide by Total number of days from the date of SMS registration until 31 July 2016

Incremental ADB = ADB @ 31 July 2016 minus Day end balance on the previous day of SMS Registration (i.e. day end balance @ 4 May 2016)

Based on my understanding from the above TnC, E.g. one can sms register today and open a new BSA and place RM1 million today, then withdraw RM1 million 19 days later on 4th June, he will still earn 5% + 0.5% on a incremental ADB of RM250K for 76 days.

Please share your thought.

This post has been edited by aeiou228: May 16 2016, 07:47 PM

TQ. Indeed I missed out that clause.

People forget and keep looking at 5% (and think wow!)

The real calculation is something like this - if you deposit now:

- about 2.5 months (till end of July) out of 12 = 0.208
- 5% means an additional 1.4% about current FD rates

Meaning effective gain over normal FD = 0.208 * 1.4 = 0.29%.

So in reality, you are getting an additional 0.29%, AND NOT 5%.

PS: And if you have prematurely uplifted your FD, transfer out/in and told it's not fresh funds, that's even sadder.

This post has been edited by howszat: May 16 2016, 09:36 PM

That sounds right. The question is whether it is worthwhile.

Just transfer it out and then after 3 days, transfer it back again. They cant do anything about it. If you ask them, sure they will tell you this that and cannot.

This post has been edited by TOMEI-R: May 17 2016, 10:42 AM

Dunno money from house refinancing from PBB credited into PBB saving account eligible onot?

For extra 1.5% over the next 2.5 months, the extra interest gained on 300k ADB is RM937.50 over FD placement.
The only effort one need to put up is just write a chq and pop into the chq deposit machine. Free and easy money, why not?

BTW it's 5.5% (5+0.5) not 5%.
I'm comparing the best short term interest (profit sharing actually) bearing account with flexibility to withdraw, Maybank GIA-i @ 4%

If that is the case, I think should be considered as fresh fund as it did not affect your SA's balance. If the money entered your SA first before being transferred out and stayed there for a day or two, then you will not be eligible for the promo rate unless you top up more money because of the IAB. Just my thoughts, I could be wrong.


How do you get the +0.5%? Do you mean the BSA base interest? It is 0.6%. Your calculation is correct except for the part on + 0.5%. The base interest, 0.6% is calculated daily & credited every six months. So the customer would earn 5% on incremental ADB of RM250K for 76 days & 0.6% on the end-day balances of the account (RM 1 million) for 19 days. Do note however that only customers who do not have an existing savings account with PBB can open the new account. Else, the new account would not be eligible for the promotion.


PBB Savings account is protected by PIDM while GIA-I is not (even the profit & principal is not guaranteed). Since, it is a savings account, it is very flexible indeed. One can take out money anytime & still not affect the placement. You don't even need to uplift it. Just withdraw as usual. In order not to lose out on the promo rate, one needs to top-up the amount after that, so that the average balance increases back to the desired level. If not, one will get a lower bonus rate or none at all depending on the amount withdrawn. One can still earn the base interest although the rate is low.

If you have spare money doing nothing, sure just write a cheque. But there are two issues here:

1. you have spare money doing nothing. Well, you shouldn't (it would take to long to explain if you don't understand that point)
2. if you had to uplift your other FD(s) to invest in this promotion, the calculations are no longer that simple.

I trust that addresses your why-nots.

1. This topic is talking about putting money in PBB @ 5.6%. If you want to learn about other investment options with better returns, there are many other topics discussing about it in this forum.
2. Why do you have to uplift your FD knowing that the premature withdrawal penalty is going to cost more then 1.6% extra interest? You don't need rocket science to understand this.

>> 1. This topic is talking about putting money in PBB @ 5.6%. If you want to learn about other investment options with better returns, there are many other topics discussing about it in this forum.

This topic is talking about EFFECTIVE RETURNS for this specific promotion. The effective return is a lot less that 5.x%. Why? Because:

a. It is only for short term
b. I have never said anything about other investments,
c. Your arithmetic sucks when you don't know anything about how to calculate effective returns.

>> 2. Why do you have to uplift your FD knowing that the premature withdrawal penalty is going to cost more then 1.6% extra interest? You don't need rocket science to understand this.

If you don't uplift your other FDs, where are you going find the money to just sign a cheque? Where would the money be coming from?

Ops ! I just stepped on an angry toe.

1) Don't be silly, you will be getting bonus interest 5%p.a. effective on your incremental ADB from now till 31july. Prove me wrong if you know better.

2) From your second question. It makes me wonder, beside FD and other investments, you don't have any reserve fund parking in a temporary account for any contingency investment deployment ? Must uplift FD for contingency deployment ?
Well, my FD remain in FD and temporary fund in Maybank GIA-i @ 4%. Yes I just need to write a chq to move the fund from MBB GIA-I over to PBB for 5.x p.a. EFFECTIVE. It's that simple.
Again, please don't be so naive to uplift FD prematurely for this PBB campaign.


Why so offended with such small argument to the extend PMed me and displayed your ill-mannered behavior ?

You seriously need to go back to school to re-learn what Effective Annual Rate is all about before self inflicting more embarrassment in a public forum.

How can you compare a 2.5 months placement with a 12 months placement as a fair comparison and concluded that the extra gains from the 2.5 months placement is not worth it as compare to 12months placement ? That's incredibly silly ! Unless you came from stone-age era without any concept of TIME, it's common sense to re-invest your money in FD or other financial instruments after the first 2.5months placement completed.
The switch over from MBB @ 4%p.a. to PBB @ 5.6%p.a, i gain additional 1.6%p.a. interest.
1.6% p.a. is still 1.6% p.a. be it over 2.5 months or over 12 months, you understand ?
You can't simply stretch the 1.6% p.a. effective rate with 2.5/12 in order to tune down the gain to 0.xx% over 12 months period and use it as a comparison on a 2.5 month tenure. That's absurd and foolish comparison.
Look, stop twisting around with the silly 0.xx%, Lets talk real figures. With 300k ADB @ 1.6%p.a (bonus 5% + base 0.6%) @ 2.5 month. My extra interest gain is RM1000 within 2.5 months. Come on, prove me wrong.

that's is not worth to put 250k for the 5% unless your money is too much and no place to put..

Im not here to flame you but would like to set things straight, since one of your earlier comments called me out for being stupid.

1) I made a calc on fd early withdrawal foregone interest. Do u know how many days interest was foregone for you to make the assumption tht it is less optimal? No.

But i do. And from my calc then, doing that for pbb 5.5% p.a. (hell even if just 5%p.a.) for even 2.5 months still comes out tops. Hence, i withdrew to transfer out n wanted to transfer in next day. But only found out those types of funds are not counted. So i ended up wasting those few days interest.

I didnt fail at calc. I failed at minor tnc.

2) There are other liquid sources of funds. Redraw facilities of loans. Trust accounts in brokers, money market funds that do not incur penalties and can be withdrawn in 0-2 days TAT.

If someone like aeiou can swing 300k at the drop of a hat, chances are he is pretty savvy about money.

Drop the condescension.

You missed the whole point completely, again.

That if you don't invest for the full 12 months, you don't get the benefits of the 5% for the full 12 months.

The public? They can also see how you missed the point completely, and continue to argue about something else that I wasn't even discussing. The public can judge for themselves, so you don't really need to worry about them.

My apologies, as none of that was meant for you.

First, you said "So in reality, you are getting an additional 0.29%, AND NOT 5%.", and you said this campaign not worth it and you demonstrated your ludicrous twisted logic, magically turned 5% to 0.29%.

2. You jumped to the conclusion that METALRAGE's FD withdrawal is "that's even sadder."

3. Without any provocation, you sent unsolicited PM to me with name calling message title.

4. You also formed premature judgment that one must uplift FD in order to participate in this campaign.

5. I challenged you twice to prove me wrong with actual calculated facts and figures but you beat around the bush without any direct answer. (As the matter of fact, you have no answer to my challenge)

When cornered and incapable to counter argue, you resorted to say I missed your point.

Ok, Smart Alec, let's look at your point:

"That if you don't invest for the full 12 months, you don't get the benefits of the 5% for the full 12 months."

You point is outrageously flawed and a far cry from what this topic is discussing about which is to earn 5.6% p.a. in 2.5 month.
Just incase you don't know, bank's deposit interest rate is always expressed in per annum, Eg. 5.6% p.a. (5+0.6) in this promotion campaign. You will earn 5.6% p.a. regardless of the any tenure you placed. Be it 1 month, 2.5 months, 6 months, 12 months etc, the interest that you are going to earn will remain at 5.6% p.a.
You don't need to invest for the full 12 months in order to get the benefit of 5%p.a.
Again, in case you don't know how to calculate, say you place RM10k in a 6 months FD @ 5% p.a. you will still earn 5% p.a. but interest will be pro-rated to 6 months and the calculation goes like this 10,000 x 5% x 6/12 months = RM250. You don't know what is PRO-RATE is it ?? Per annum means must die die invest 12 months is it ??

Perhaps you need a face-saving exit out of this losing argument, why not you just say you think RM1000 extra interest gain over 2.5 month in this promotion campaign is just a small money to you and not worth your while investing in it ?


This is your reply @ post #25 right after METALRAGE's reply @ post #24.
PS: And if you have prematurely uplifted your FD, transfer out/in and told it's not fresh funds, that's even sadder.
It was clearly meant for METALRAGE. Beat around the bush again ??