*OCBC Premier Banking*
*FD Promo effective 10 May*
—————————————————

*For Existing Fund without Fresh Funds*
*Minimum RM 50,000*

OR

*Fresh funds with minimum of RM 1,000*

*6m @ 3.75% p.a. *
*12m @ 3.9% p.a.*

Withdrawed FD from Affin. When I told them Bank Islam offered 12 m 4.5%, the officer went to see their manager, but they unable to give me that rate (for sure )

Affin current rate is 12 m 4.1%, Invikta is 4.2%.

Went to Bank Islam for 12 m 4.5%, their process a bit weird, after the counter gave u the FD cert, has to go to customer service to sign (electronically).

Anyway for 4.5% nothing to complain about.

This post has been edited by bbgoat: May 15 2023, 03:38 PM

Today went to AmBank to terminate FD. Though it is not the branch that FD is placed, was able to terminate the FD, unlike some bank's restriction of terminating FD of <50k (or must terminate in the same branch where FD is placed). This FD is slightly higher.

The AmBank current FD for 6/12 mths is 3.75%. The ABM asked from HQ and got 12 mth 4.1%. But still cannot fight with BI 12 mth 4.5%.

Then waited for the Rentas to reach BI. Found that the maturity date is moved to 10/6/2024. So BI same as BR would move FD to a working day as 8/6//2024 is a Sat. This is better than some banks like Affin which will not move the date and will not pay for the weekend "losses".

Your experience with BI on Sat FD maturity, is it recently or some time back when they have FD promo ? Today I also placed 1 FD in BI and again
the maturity date adjusted to the Monday. It seems to me more likely to be system generated. They may have updated their system since your last
encounter.

Though it is a good idea to check the maturity date at time of placement to see if we get into the Sat/Sun/holiday maturity date.

Affin wise, your method seems good. But some banks does not allow us to choose for FD promo, whether we can choose to auto renew or on maturity to go
to SA (for principal and interest). Not too sure for Affin on this aspect (I thought it does not allow auto renewal for Affin ??). BI wise for this promo, I asked
for termination but was told it will go to auto renew on maturity.

BI OTC FD can terminate online if needed. Which is convenient in case of need.

Their paid profit/interest shown in the FD cert., for next years maturity, it did show additional days (to working day say Monday) additional interest. Also they use 365 instead of 366 for next year. Another plus point for them.

Saw quite some Chinese in BI, looks like words are out that they have the best rate for now !

This post has been edited by bbgoat: Jun 10 2023, 12:36 PM

Yes. Can terminate FD online to SA. Then if <50k, can just xfer out without need to go to branch. Or do 2 times in 2 days if <100k.

Yes, placement OTC and can withdraw online.

Need their GO app to approve the online termination. But nothing too difficult using the GO app.

BR 8 mths 4.11%

12 mths 4.22%.

with mthly interest, min 10k, 20/6 to 30/9/2023

U can always try.......


Yes the mthly interest make it better than BI in a way. Also cannot pump too much into 1 bank........

Well, this topic has been discussed so many times. I won't be deterred by the PIDM issue. It all up to the individual.

error, deleted

This post has been edited by bbgoat: Jun 28 2023, 08:39 AM

For AmBank can withdraw from any branch irrespective of amount, hopefully u are not talking in excess of 1 mil. But depending on banks, some require
u to do FD withdraw from originating branch, some set limits from other branches.

Yesterday went to BR to place 12 mths 4.22% with mthly interest. Though BI 4.5% is highest, but cannot put all eggs in a single basket...

This post has been edited by bbgoat: Jun 28 2023, 08:41 AM

This is up to u!

Have so much discussion here before..... hahaha.....

BI online TDT withdrawal works. I did that once. But u need to approve the transaction in their app.

AmBank promo, fresh fund only.

FD : CASA
50:50
FD 12 mths 6.86%
CASA earmark 12mths
Effective rate up to 4.30%

Add: Note depends very much on your CASA account earned interest, if not effective rate is LOW, like 3.43% onwards.

This post has been edited by bbgoat: Jul 24 2023, 11:36 AM

No idea on end date.

I added comment in earlier post

Add: Note depends very much on your CASA account earned interest, if not effective rate is LOW, like 3.43% onwards.

Minimum has to be upwards of 100k to gain better CASA tiered interest, and higher effective FD rate. So not a good deal unless u want to place high 500k's or so.

OCBC rate, not attractive

*OCBC Premier Banking*
*FD Promo for AUGUST 2023*
—————————————————

*For Existing Fund without Fresh Funds*
*Minimum RM 50,000*

OR

*Fresh funds with minimum of RM 1,000*

*6m @ 3.6% p.a. *
*12m @ 3.7% p.a.*

We are here to understand about banks promo, shxt or NOT.

Well, just sharing fd promo. There will still be people putting in some deals which to u does not sounds good.

Ya, the FD rate of OCBC is not attractive. Promo rates are getting lower recently. Just has to wait and see BNM's next move in Sept.