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 Conditional High Yield Savings Account

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[Ancient]-XinG-
post Mar 20 2019, 12:56 PM

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QUOTE(xcxa23 @ Mar 20 2019, 12:37 PM)
Finally able to get rhb bonus saver 2.6%
[attachmentid=10207635]
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Is this account the best? Put aside paying transfer and etc.

Just deposit correct? I can only my fulfill the deposit part.

So, if hit 2.75. will stagnant for 2.75 if we continue to deposit 500 monthly correct? Will be got beyond 2.75?

And if miss will drop to 2.65 only rite?

[Ancient]-XinG-
post Mar 20 2019, 01:16 PM

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QUOTE(xcxa23 @ Mar 20 2019, 01:09 PM)
Imo easiest wit no min required $$ after fulfilling requirements and min requirements to fulfill.

1. Yes. Deposit min rm500 monthly by 3rd of the month and jZ to be safe don't touch the money.
(You ND to have increment of rm500 of the month according to 25th of last month, not sure if it's 25th)

2. Yes, confirmed last year with their staff
3. It won't go beyond 2.75% confirmed last year with their staff
4. Yes.
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I found that 2.75 is quite a lot for an account that not require few type of transections per month as seen in ocbc 360.
No other strings attached correct besides 500 deposit monthly rite?


Any other account that provides more than 2.75 besides the bonus savers? With the same conditions?

Currently find an account that is available for withdraw even on Sat and sun with atm card....


[Ancient]-XinG-
post Mar 20 2019, 08:50 PM

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QUOTE(skty @ Mar 20 2019, 08:17 PM)
throw 30k to 50k and enjoy 3.25% (basic) or 4.45% (for 12 months promotion) without doing anything else.

https://www.ocbc.com.my/personal-banking/Ac...ster/index.html
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Thanks for the suggestion.

I only intend to put around 10k in an account that is fluid. And allow me to withdraw any time.

Already have emergency fund in fd.

And I wish to be fully invested.


[Ancient]-XinG-
post Mar 20 2019, 09:39 PM

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QUOTE(xcxa23 @ Mar 20 2019, 01:55 PM)
Afaik, nope.. previously only ambank, which offer 2.9/2.8 but after a year discontinued, slashed to 1.80..

Since rhb jz min rm500 per month, so I jz scheduled transfer.
The staff did said few times it's better >rm500 and better don't touch the money for a year to safeguard 2.65% cos the t&c about min increment of rm500 per month is kinda confusing so I did rm800 per month and din touch the money for a year jz to be safe and yes it's proven successful.. lol

As far as I remember, nope. Jz min rm500 by 3rd of the month and with min increment rm500 of the month.

This rhb got provide ATM card.. but since your planning to use the money, I suggest you go to rhb ask in depth.
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thanks for the info. Currently with M2U savers. But the minimum requirement of 2k really let down. and 2% vs 2.75% is a lot in the long run.

QUOTE(David83 @ Mar 20 2019, 08:53 PM)
RM 10k won't able to play any game in conditional high yield saving acccount.
For RM 10k, better put into 1-month FD.
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Just that need an account that parking for all the bills monthly before due date. smile.gif

This post has been edited by [Ancient]-XinG-: Mar 20 2019, 09:39 PM
[Ancient]-XinG-
post Mar 22 2019, 12:17 PM

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QUOTE(xcxa23 @ Mar 21 2019, 08:26 AM)
Welcome.. tats y I choose rhb.. simple and I jz need to park the money then depending on situation will transfer to FD/stock/fsm

If I'm not mistaken, it's calculate interest daily, credit monthly..
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Hey MBSB also 2.68 without tier. but I think they don't have internet banking and ATM card.

This causing major problem.
[Ancient]-XinG-
post Mar 22 2019, 01:19 PM

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QUOTE(xcxa23 @ Mar 22 2019, 12:24 PM)
No internet banking is a huge problem for me as well
Plus my place don't ha e mbsb
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no internet banking is ok. as long as having atm card... still ok... mbsb atm card also don't have... :x
[Ancient]-XinG-
post Mar 23 2019, 07:57 AM

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QUOTE(David83 @ Mar 22 2019, 01:20 PM)
Pay for withdrawal using MEPS?
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Yes. Why not.

My house just got break in few months ago.

That entire incident change my mind. I usually keep some cash. But after the incident, no. Just no more cash more than 500 in house.

This post has been edited by [Ancient]-XinG-: Mar 24 2019, 04:56 PM
[Ancient]-XinG-
post Apr 9 2019, 09:20 PM

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QUOTE(David83 @ Apr 9 2019, 08:44 PM)
Anybody here is using SC Privilege$aver account?

4% p.a is rather easy to achieve but 6% p.a is slightly harder right?
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The entry is rather high?
[Ancient]-XinG-
post Apr 9 2019, 09:34 PM

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QUOTE(David83 @ Apr 9 2019, 09:24 PM)
TnC: https://av.sc.com/my/content/docs/Privilege...datedSept18.pdf

Nevermind, the campaign is going to end by 31/12/2019.  dry.gif
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No point then. Lol

Still 360 and bonus saver for now
If and only if mbsb have online access and ATM, can be good alternative too.

Ocbc boost also good. But entry super high.
[Ancient]-XinG-
post Apr 9 2019, 09:58 PM

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QUOTE(David83 @ Apr 9 2019, 09:35 PM)
Bonus Saver is from which bank?
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Rhb
[Ancient]-XinG-
post May 21 2019, 02:56 PM

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QUOTE(akhito @ May 21 2019, 01:08 PM)
The Rhb bonus saver how u guys view the interest counter. Is it via online or through the statement? If I want to step up the interest easily can i put in RM500 every 1st of month then dun withdraw right for 12 months right.
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I am trying on it.

Yes. I been calling up and down via phone and the branch know absolutely nothing.

No clear Info's on web and brochure. Staff in branch no idea how it's calculate.

1st of the month deposit at least 510. Then don't touch for 12 months.


[Ancient]-XinG-
post Jun 5 2019, 01:25 PM

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Alright.
For RHB bonus savers, to ensure no hiccups for the whole year.

you must deposit at least 510 MYR on the 1st of every month and do not touch it until you get the final 2.75%.
[Ancient]-XinG-
post Jul 15 2019, 10:31 PM

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QUOTE(Chounz @ Jul 15 2019, 04:58 PM)
Hi, can check with you on the bonus saver acc.
Is it mean after i deposit 500 x 12 = RM6k, my interest rate is lock at at least 2.65%?

How about if i withdraw RM 5k in the 13th month?
the remaining RM 1k will still enjoy the 2.65%?
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once you got 2.75. it should remain 2.65 even you not top up or leave any amount
[Ancient]-XinG-
post Aug 2 2019, 12:21 PM

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QUOTE(Hansel @ Aug 2 2019, 11:44 AM)
Just an opinion, forummers, if possible,..... learn investments,... the world to moving to very low interest rates,....

Some countries have even touched negative interest rates.
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Hansel, this is for us who stay at MY mahh....

We also need emergency fund mahh.

Investment not liquid compare to saving account.
[Ancient]-XinG-
post Aug 2 2019, 02:23 PM

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QUOTE(Hansel @ Aug 2 2019, 01:42 PM)
The funds being discussed in this thread does not pertain to emergency funds only. Set aside emergency funds,.. then plan well for the rest to grow one's wealth.
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Well not sure about others.

I treat this type of account as emergency fund. 6 months of spending.

Others in investment already.
[Ancient]-XinG-
post Feb 4 2023, 05:55 PM

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QUOTE(Ramjade @ Jan 26 2023, 11:45 AM)
No. Cause too low interest rate.for too much work If and when they give 4.5%p.a interest, I will reopen and do it if MMF not givingbme the same returns. I use to do it on bigpay though. Pay RM0.50/withdrawal back to bank account and earn more interest gain from OCBC 360. The time when TnG not even in the market yet.
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Damn those days……. Going atm to cash out and masuk mmf….

 

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