yeah that too. also just in case ocbc doesn't wanna open islamic one?

Can get ASM3, at least 0.5% better.

difficult to get and not liquid enuf

ASM is just like CASA except no ATM withdrawal and is hard to buy. I just redeemed 105k early this month to clear my CC debts n transferring to EPF.

well, no ATM withdrawal and hard to buy is the liquidity that i'm concern. looking for a savings account where i can get 30-50k instantly.

SCB should be 3.6% instead of 3.5%..

But, for OCBC, i believe they will take advantage to reduce the rate further when the new OPR is announced. So, expect further cut in May.. I would said that they r very unethical for using a BNM OPR review as an excuse to revise their product feature..

actually given the current situation, if you don't need liquidity, might as well place in ambank efd 3.5% 6m or 12m

yup, different purpose for the money. in this case, we are looking at savings account.

Conditional high yield saving account offers flexibility & instant liquidity without fear of losing interest due to premature withdrawal of eFD.

As !@#$%^, everybody has his/her own purpose of money.
Who doesn't want high yielding interest.

Found something weird that SC PSA has statement date.

It has monthly statement.

What’s weird with it?

Unless u hold a cc too then it’s under consolidated statements that show everything there. Or u opt out as a stand-alone statement

My statement for SC credit card (statement date: 9th) and PSA (statement date: 19th) are sent out separately.

The consolidated statement doesn't have details on SC credit card. The configuration isn't set by me. The bank officer who opened/processed the account opening set it,

Usually, you get statement for saving account at early of the month not middle of the month. The cut-off date is just weird.

This post has been edited by GrumpyNooby: Apr 22 2020, 12:41 PM

Rhb statement also mid of the month.

depends on bank..

so far my experience some banks like MBB and CIMB follow calendar month, while SCB and HSBC follow statement date

Source: Email

https://www.theedgemarkets.com/article/bnm-...2%80%94-cgscimb

If this is true, then psa could fall as low as 2.85%!!!

Could be but that's just CGS-CIMB own analysis.

Those guys in FD thread are more nervous now.
With extension of current MCO to 15/2/2020, not sure if AmBank allows new account opening at the branch after 28/4/2020

No uncle, this is also the SC analysis. Got update from them on Monday, SC expects 0.5% cut in May and then another 0.25, so 1.75% for the rest of 2020!

And also OCBC told me to prepare for the May cut and the 1.75

The 12 month Ambank 3.5% will be DOUBLE the OPR, you said you don´t want to go, but maybe it is time to give the money to your kids and grandchildren and send them to AmBank

I put into SAMY, Wahed, MyTheo, FSM and PRS.

I had shared my views in the FD thread that there'll be at least 2 more OPR cuts this year with min 0.5% cut in the pipeline.

The article didn't catch me in surprise at all.

This post has been edited by GrumpyNooby: Apr 23 2020, 09:31 PM

Have to spend so much
Ocbc is my preferred cause hav to spend lesser
Ocbc is unethical tho