
Fixed Deposit Rates In Malaysia V. No.15, Strictly for FD Discussion Only
Fixed Deposit Rates In Malaysia V. No.15, Strictly for FD Discussion Only
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May 17 2020, 11:57 PM
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121 posts Joined: Mar 2020 |
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May 17 2020, 11:59 PM
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#2
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121 posts Joined: Mar 2020 |
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May 18 2020, 12:09 AM
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#3
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May 18 2020, 12:15 PM
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#4
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121 posts Joined: Mar 2020 |
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May 22 2020, 01:10 AM
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#5
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QUOTE(adele123 @ May 21 2020, 08:21 PM) If you are referring to the picture below, i would sign up for it. Very worth it. If i walk in can get, i will sign up. Can anyone please upload the complete flyer of that insurance promo. Most of the time, i will caution about savings insurance. But occasionally there is such good deal. ![]() What are the terms and conditions? Do we need to have savings account in OCBC in order to participate in this 3.9% promo? |
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May 22 2020, 03:55 AM
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#6
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QUOTE(adele123 @ May 22 2020, 01:26 AM) The guarantee on the 3.9% is from GE. And despite what the flyer say about potential bonus after 2 years, probably the amount gonna be zero or very low. Anyone have idea until when this promo is going on? Important note is no early withdrawal, you can lose part of the capital. I'm not sure how ocbc promotes it or sell it. They may have a way to ask you to pay one shot instead of 2 separate years. I am not familiar on mechanism but such plans are not out to con you. I bought etiqa last year pay 2 years kena tahan for 5 years. The issue for me is... i just have to make sure 5 years i cant touch the money. Else lose 10% of the money during the 1st 2 years. While i'm mildy surprise they (GE/ ocbc) did not withdraw despite the interest rate cut, this one is not a fishy plan. You can always ask them for the product disclosure sheet and sales illustration if you worry. Sales person got commission ba, but very low, 0.2%? I got the flyer before mco. But i dont have full details. Usual insurance caveat is dont surrender early. Full 2 years required for the money to be there. Better get info from ocbc. The annoying thing is they want you walk in to get more info. This is the usual tactic la. But the plan itself is legit la. Unless you dont trust GE. Edit: Let me caveat slightly, last year when GE did this, i was told only offer to bank customer, usually priority banking. So i never bothered to find out also i dont have 20k lying around. And i really not GE or OCBC staff just want to let everyone know, not all insurance savings plan is evil. Just need to understand. And yes such plans dont make much money for the insurance company. I share you the promo last year lo. 4.5% but last year when you hear 4.5% maybe not as wow la. Because I have some funds reaching at the end July 2020. Is that promo valid till August 2020. Need info pls. |
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