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 Conditional High Yield Savings Account

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btfan
post May 17 2020, 04:29 PM

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Huge drop for Alliance Saveplus Account. Now it's 2.5% wef from 15 May 2020

https://www.alliancebank.com.my/announcemen...on-May2020.aspx

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GrumpyNooby
post May 17 2020, 04:32 PM

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QUOTE(btfan @ May 17 2020, 04:29 PM)
Huge drop for Alliance Saveplus Account. Now it's 2.5% wef from 15 May 2020

https://www.alliancebank.com.my/announcemen...on-May2020.aspx

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For above 200k, that is still a good rate with 2.5% since it is not FD and can be liquidated anytime.
SC PSA gives only 2.1% for that amount.

This post has been edited by GrumpyNooby: May 17 2020, 04:36 PM
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post May 20 2020, 01:23 PM

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QUOTE(MilesAndMore @ Apr 29 2020, 02:25 PM)
No problem  smile.gif
Oh yes. RHB Bonus Saver as well. I purposely excluded it as if one were to only open the account now, they can only start enjoying 2.65% (permanent) or 2.75% interest one year later. So I figured RHB Bank Smart Account is better. But in my case, until now I have not opened the RHB Bank Smart Account as I’m still using OCBC Bank 360 as my primary bank account now, and also I’m not sure if I can maintain an average balance of 1k over a 6-month period consistently to avoid the half-yearly account maintenance fee of RM10.
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if open rhb smart account now, have to put in 6k to avoid half yearly fees? or average 1k on the number of days till next charge?
GrumpyNooby
post May 20 2020, 10:44 PM

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QUOTE(!@#$%^ @ May 20 2020, 01:23 PM)
if open rhb smart account now, have to put in 6k to avoid half yearly fees? or average 1k on the number of days till next charge?
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RM10 every 6 months waived with monthly average balance of RM1,000

Every month just ensure your MAB is above RM 1k.

https://ringgitplus.com/en/current-account/...-Account-i.html
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post May 20 2020, 10:45 PM

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QUOTE(GrumpyNooby @ May 20 2020, 10:44 PM)
RM10 every 6 months waived with monthly average balance of RM1,000

Every month just ensure your MAB is above RM 1k.

https://ringgitplus.com/en/current-account/...-Account-i.html
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takut although i open in May, they still count Jan to April MAB as 0. otherwise i tunggu 1st july only open.
DarkknightDK
post May 20 2020, 11:13 PM

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Hi Sifus, planning to move my previous eFDs (Around 50k) to this type of bank account after reading the thread. Any suggestions for long term placement & able to still cash out when needed? Thanks!
tadashi987
post May 22 2020, 06:02 AM

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QUOTE(DarkknightDK @ May 20 2020, 11:13 PM)
Hi Sifus, planning to move my previous eFDs (Around 50k) to this type of bank account after reading the thread. Any suggestions for long term placement & able to still cash out when needed? Thanks!
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there is no suggestions, it is just like normal savings account, you can withdraw anytimes u want, it isnt even "placement" relevant, just deposit and withdraw like normal saving acc

just be noted that the interest need to have differnt criteria (spending/deposit etc.) to fulfill the interest rate criterion, depending which bank acc.
taiping...
post Jun 2 2020, 02:41 PM

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QUOTE(DarkknightDK @ May 20 2020, 11:13 PM)
Hi Sifus, planning to move my previous eFDs (Around 50k) to this type of bank account after reading the thread. Any suggestions for long term placement & able to still cash out when needed? Thanks!
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Which high yield will you be participating

I've just moved from OCBC to SC
donhay
post Jun 2 2020, 05:48 PM

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QUOTE(btfan @ May 17 2020, 04:29 PM)
Huge drop for Alliance Saveplus Account. Now it's 2.5% wef from 15 May 2020

https://www.alliancebank.com.my/announcemen...on-May2020.aspx

user posted image
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2.5% for Alliance Saveplus Account, it is still good, no choice, BNM cut interest rate, all banks cut too.

Which banking account higher than 2.5% ??
CyFrozenFoods
post Jun 2 2020, 06:25 PM

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UOB InvestPro now only 2% pa... sad.gif
DarkknightDK
post Jun 3 2020, 04:19 PM

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QUOTE(taiping... @ Jun 2 2020, 02:41 PM)
Which high yield will you be participating

I've just moved from OCBC to SC
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Hey bro, i just applied OCBC since suit my current abilities to hit the interest. I heard SC has more but let me experiment with OcBC first. No harm opening up another if i have enough funds and criteria 👍
ProxMatoR
post Jun 6 2020, 02:21 PM

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QUOTE(DarkknightDK @ Jun 3 2020, 04:19 PM)
Hey bro, i just applied OCBC since suit my current abilities to hit the interest. I heard SC has more but let me experiment with OcBC first. No harm opening up another if i have enough funds and criteria 👍
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comparatively SC is easier to hit target, but, you need get their credit card
mamamia
post Jun 10 2020, 11:49 AM

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QUOTE(!@#$%^ @ May 20 2020, 10:45 PM)
takut although i open in May, they still count Jan to April MAB as 0. otherwise i tunggu 1st july only open.
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i think if u open the account due to the interest rate, u should have enough money to keep in there...

RHB Smart Account seem like can open online, no need to walk in branch... is their debit card also will courier to us? any charges for the debit card?

Wonder anyone try to open online b4

QUOTE
Base Rate
Maintain a minimum account balance of RM1,000 and get 0.25% p.a. on your daily account balance
Base Rate is calculated daily and credited monthly.
Bonus Payout
Deposit a minimum account balance of RM2,000 monthly to get 2.00% p.a.* and to qualify for other bonus payouts.
Pay a minimum of 3 bills monthly via RHB Now Internet or Mobile Banking and get 0.5% p.a.*
Spend a minimum of RM1,000 monthly using your RHB Credit or Debit Card and get 0.5% p.a.*
Invest a minimum of RM1,000 monthly with selected RHB investment products and get 1.0%**
Terms & Conditions:
*Bonus payout based on monthly average account balance up to RM100,000
** Bonus payout based on 1.0% of net investment amount.
Bonus Payout earned will be credited on 15th calendar day of the next occurring month subject to criteria met.

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post Jun 10 2020, 01:57 PM

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QUOTE(mamamia @ Jun 10 2020, 11:49 AM)
i think if u open the account due to the interest rate, u should have enough money to keep in there...
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currently using PSA instead.
charis24
post Jun 13 2020, 03:46 PM

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Is RHB Smart account not available now? the page is not found on the RHB website.
GrumpyNooby
post Jun 13 2020, 03:54 PM

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QUOTE(charis24 @ Jun 13 2020, 03:46 PM)
Is RHB Smart account not available now? the page is not found on the RHB website.
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It is still there

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https://www.rhbgroup.com/RHBOnlineDepositAc...nxoCbqsQAvD_BwE
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post Jul 1 2020, 12:33 PM

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anybody knows if the existing RBH BSA debit card which is FOC, is tagged to a new RHB Smart Savers as primary, will I be charged annual fee?
MilesAndMore
post Jul 1 2020, 01:59 PM

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QUOTE(!@#$%^ @ Jul 1 2020, 12:33 PM)
anybody knows if the existing RBH BSA debit card which is FOC, is tagged to a new RHB Smart Savers as primary, will I be charged annual fee?
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Yes it will. Asked this before about linking it to my RHB Bonus Saver.
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post Jul 1 2020, 02:40 PM

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QUOTE(MilesAndMore @ Jul 1 2020, 01:59 PM)
Yes it will. Asked this before about linking it to my RHB Bonus Saver.
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ic, I dun wanna tag it but seems like no option.
sl3ge
post Jul 2 2020, 06:58 PM

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QUOTE(!@#$%^ @ Jul 1 2020, 12:33 PM)
anybody knows if the existing RBH BSA debit card which is FOC, is tagged to a new RHB Smart Savers as primary, will I be charged annual fee?
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Do we must go branch to tag the BSA debit card to Rhb smart accout?

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