That is the Invest Bonus for PSA that I was pointing:


If your contribution to their WMP is RM 12k per year, the Invest Bonus will be eligible for the 1st RM 20k.
For Priority Banking Clients, if your contribution to their WMP is RM 72k per year, the Invest Bonus will be eligible for the 1st RM 100k.

This post has been edited by GrumpyNooby: Aug 8 2020, 05:44 PM

JUSTONE PRODUCT STREAMLINING AND REVISION OF BONUS INTEREST/BONUS HIBAH/PROFIT RATE

Kindly be informed that to simplify our product offerings, we are streamlining some of our products. Therefore, effective 1 September 2020, the accounts as mentioned in Table 1, Section A below will be known as the accounts named in Table 1, Section B.

All other product features, account numbers, fees and charges will remain unchanged.

Table 1
Section A	Section B
Current Product Name	Now Known As
JustOne Preferred Current Account	JustOne Personal Current Account
JustOne Preferred Savings Account	JustOne Personal Savings Account
Saadiq JustOne Preferred Account-i	Saadiq JustOne Personal Account-i
Saadiq JustOne Preferred Investment Account-i	Saadiq JustOne Personal Investment Account-i

Please take note that effective 1 September 2020, the bonus interest/bonus hibah/profit rate for JustOne Accounts will be revised as follows.





https://av.sc.com/my/content/docs/Announcem...-Sept-20-v3.pdf

AmBank eFlex: https://www.ambank.com.my/eng/eflex



This post has been edited by GrumpyNooby: Aug 12 2020, 02:35 PM

TIME TO STASH UP MORE ON EARNINGS (1 August2020 to 31 October 2020)





Campaign link: https://www.uob.com.my/web-resources/person...phase-steps.png
T&C link: https://www.uob.com.my/web-resources/person...est-tnc-eng.pdf

IMPORTANT NOTICE ON REVISION OF INTEREST RATES FOR PRIME ACCOUNT [for CIMB]

Dear Valued Customers,

Effective 25 August 2020, our interest rate for Prime Account will be revised as below.



https://www.cimb.com.my/content/dam/cimb/pe...ime_Account.pdf

Yes but you can provide other supporting document such as employment letter or utilities bill of your current residential address if it does not match with the address printed on your NRIC.

Calendar month

SA and FD are regulated by BNM and NIM is tightly tied to OPR trend.
BSA & BCA are must have products imposed by BNM to offer basic banking services to the general public.

That's why banks normally like to up sell its potential customers (especially those in privileged banking segment) with wealth management products inclusive but not restricted to various insurance and unit trusts.

This post has been edited by GrumpyNooby: Sep 15 2020, 10:29 PM

To comply with AMLATFA, the source of fund especially cash is very crucial.
Banks nowadays won't really want to accept heavy deposit of untraceable cash.

That's why during open accounting stage, the basic screening test is to ensure that the account that you open at that particular branch has real purpose; not for suspicious activities inclusive not restricted to money laundering. The basic test is to provide proof that you're living or working nearby.

If you're opening privileged banking account service, they'll ask more questions like an interview session.

This post has been edited by GrumpyNooby: Sep 15 2020, 10:37 PM

Those are under KPDNHEP and PDRM jurisdiction.

Revision of interest rates to Citibank Max Yield Checking Account

Effective 1 October 2020, Citibank Max Yield Checking Account and Australian Dollar Currency Call Account interest rates will be revised as per tables below:



https://www.citibank.com.my/global_docs/pdf...ate_changes.pdf

The great Max Yield is also impacted in current low OPR rate environment.

There're 3 in the market:

1. RHB Smart Account @ 2.85%
2. SC Privileged Saver @ 2.6%
3. OCBC 360 @ 2.45%

Each has its own unique requirements to fulfill.

To become a member of HSBC Premier, this is considered "normal"?

So you attain HSBC Premier membership by meeting this requirement?

No wonder. Understood.

Because of incremental balance requirement.

Best High Interest Savings Accounts In Malaysia (October 2020)

(Last update: 9 October 2020)

It’s no secret that all of us would love for our savings to earn more money over time. Fixed deposits aren’t as liquid as savings accounts in the event you need immediate cash, but savings accounts basically give no interest these days… right?

As it turns out, there are several savings accounts in Malaysia that offer high interest rates – some with over 5% p.a.! Of course, there are certain conditions that need to be met to “unlock” the high interest, but there are also some savings accounts that easily offer more than 10 times the interest of a basic savings account.

Link: https://ringgitplus.com/en/blog/budgeting-s...y_-0QVr7oPBFpf0

Here's what the T&C said:
3.5 In relation to the stipulate requirements in Table 1 requirements for “PAY” category:
3.5.1 “PAY” means the payment made from the Account of the Accountholder via RHB Now or RHB Now Mobile Banking to pay utilities bill or other bills under participating billing organizations. “Pay” is divided into two categories as shown in the table below.


https://www.rhbgroup.com/files/personal/cur...2019_Eng_BM.pdf

3.25% pa is only applicable for HSBC Amanah Premier Account-i and HSBC Amanah Advance Account-i only?

And for these two account, one needs to attain membership for Premier and Advance, right?

If you're just attaching HSBC Amanah Basic Savings Account-i, the max attainable interest is just 1.75% pa.

Premier Membership: Maintain AUM of RM 250k or earns a monthly gross salary of RM16,500 and above
Advance Membership: Maintain AUM of RM 100k or earns a monthly gross salary of RM5,000 and above
Normal (Basic): Earns a monthly gross salary of RM 3,000 and above and holds HSBC Amanah Credit Card-i

Step Up Campaign T&C: https://cdn.hsbcamanah.com.my/content/dam/h...savings-tnc.pdf
Perks@ Work T&C: https://cdn.hsbcamanah.com.my/content/dam/h...twork-terms.pdf

This campaign is extended to 31/01/2021:

Campaign period: From 1 November 2020 until 31 January 2021.
*Terms and conditions apply.




Campaign link: https://www.uob.com.my/personal/promotions/stash-up.page