Originally posted by huy:
hey this is good.. what u mean by must put for 12 mths? u mean mus put in 10,000 bucks each mth for 12 months?
Unlike OCBC tat time promotion, this is put 10K upfront and then put for 12 months at least. Early withdrawal result in penalty.
10% of 10K is 1K and 1K / 12months so is $83.3333 for the first month. Subsequent month will be 2.42%.
For OCBC promotion tat time it is every month you put $800 then after 24 months u take out is at the interest rate of 2.88% Although this is higher you don't see a single cents unless you follow through the 24 months.
For RHB, it is 12 months so ppl may like the shorter period. If not for my Hong Leong, I would opt for this promotion. Timing is always critical here. As my bonus come in end of year leh
