Sifusss, should I move my FD to this account? FD rate: 3.25% 10 mth.

Scare after move then This SA reduce the rate 😢 please advise

Hi smart savers, I'm interested to be a part of this saving program but a few questions - can I open this acc via walk-in? Went to website yesterday to key in info and was told to wait for appointment to be made. Maybe some staff will call?

Also not sure why but scb has rejected my cc applications twice preciously. No issues with other banks but not sure why kept failing their program. Need to check my ccris but I'm don't have hardcore credit utilisations so I find it funny. Worried this might happen again.

Guys, Base Interest and Save Bonus Interest for May 2020 are in.

Card Spend Bonus Interest for May 2020 is expected to be credited by end of today (first working day of the following month) as per product T&C.

Hi all. Wanna check the interest calculation of this account, if i transfer fresh fund by mid of the month, the interest calculation start from 1st day or the day after I transfer fresh fund?

The system needs to compute MAB of the month.
MAB = sum of daily balance of the day (cut off time is midnight) divided by number of days of the month

Thank you for your reply. As long as I transfer 3k fresh fund in any date of the calendar month, the MAB interest will start counting by the 1st day of the month right?

MAB starts from 1st till last day of the month.
FF of RM 3k must reach in any day of the month. The earlier the better as your MAB will be higher.

Base interest and bonus interest are applied on the MAB of the month.

MAB starts from 1st till last day of the month.
FF of RM 3k must reach in any day of the month. The earlier the better as your MAB will be higher.

Base interest and bonus interest are applied on the MAB of the month.

hi for fresh fund... i always have doubts. say i instant transfer out today 15k to pay credit cards of other banks. then mid of the month i transfer 3k in. is that fresh fund? or must be 15k + 3k = 18k? thanks.

RM 3k only.

RM 3k only.

So the best practice is always to deposit 3k on the first day of the month to maximize the interest. Am I right?

So the best practice is always to deposit 3k on the first day of the month to maximize the interest. Am I right?

Case 1 with MAB of above RM 100k
If your opening balance on the 1st (end day) is RM 100000 and you deposit RM 3k on 2nd, your MAB is RM 102903.2258
If your opening balance on the 1st (end day) is RM 100000 and you deposit RM 3k on 31st, your MAB is RM 100096.7742
So, your base interest and deposit bonus interest will be calculated based on the MAB which is no cap. Difference of interest earned is RM 5.00
But your card spend bonus interest will be capped on the 1st RM 100k, so it won't have effect for MAB above RM 100k.

Case 2 with MAB of below RM 100k
If your opening balance on the 1st (end day) is RM 50000 and you deposit RM 3k on 2nd, your MAB is RM 52903.22581
If your opening balance on the 1st (end day) is RM 50000 and you deposit RM 3k on 31st, your MAB is RM 50096.77419
So, your base interest and deposit bonus interest will be calculated based on the MAB which is no cap. Difference of interest earned is still RM 5.00
As for your card spend bonus interest, the difference of interest earned will be RM 3.58
Total in difference of interest earned will be RM 8.58

Doesnt matter. Last day of the month also can.

U will still get full 3.6% if u meet all the requirement on last day of the month

I only deposit RM3000 and spend RM1000 with card. Do I only get 3.6% (0.1 +2+1.5) ??