SCB JustOne Account FD Bundle 2

The announcement of BNM to reduce IBG transaction fee to RM 0.10 is actually a hit to SCB JustOne Account, so SCB needs to come out with attractive promotion to get new customers. JustOne Account FD Bundle promotion is back with better deals from 1st April until 30th June 2013.

As compared to JustOne Account FD Bundle 1 promotion, the FD tenure is still 6 month but the minimum deposit required is dropped to RM 5000 and you can enjoy additional 0.2% interest rate if you are new to bank customer who apply for the SCB credit card:

JustOne Account#	Monthly Deposit Requirement (Minimum)	Current 6-month Fixed Deposit Board Rate	Bonus Interest Rate	Total Interest Rate on Fixed Deposit (A)	Exclusively for new Credit Card customers
					Additional Interest Rate (B)	Total Interest Rate on Fixed Deposit (FD) for JustOne + FD + Credit Card (A+B)
JustOne Preferred Account	RM5,000	2.90% p.a.	0.80% p.a.	3.70% p.a.	0.20% p.a.	3.90% p.a.
JustOne Personal Account	RM1,500	2.90% p.a.	0.60% p.a.	3.50% p.a.	0.20% p.a.	3.70%

The additional interest on the 6-month FD only applies to new credit card customers with JustOne Preferred Account/Saadiq JustOne Preferred Account-i or JustOne Personal Account/Saadiq JustOne Personal Account-i. You also need to:  

1. have your SCB Credit Card application approved within the campaign period
2. activate your SCB Credit Card with a minimum one retail spending within the FD tenure
3. keep your credit card account active during the Fd tenure.

SCB always treats new customers nicely, so if you are new to SCB customer, it's a real good chance to sign up for JustOne and SCB Credit Card!

UOB Superdeals Campaign

After UOB Triple Fortune ended on 28th February 2013, UOB still continues its FD promotion through Superdeals Campaign until 30th April 2013. There are two offers in this campaign, namely Superdeals Unit Trust + Fixed Deposit (UT-FD Bundle) and Superdeals Fixed Deposit.

For Superdeals UT-FD Bundle, eligible customers who invest in any of the selected UT Funds may enjoy one of the following promotional FD interest rates per below table:

3 months tenure	Ratio (2 UT: 1 FD)
	Fresh fund for FD	Existing fund for FD
	6.00% p.a.	5.00% p.a.

The minimum investment amount for the Eligible UT Funds is RM 10000 while the minimum FD amount for the promotion is RM 5000. The eligible Eligible Unit Trust Funds Purchase are as below:

1. OSK-UOB Kidsave Fund 
2. OSK-UOB Asia Consumer Fund 
3. OSK-UOB Asian Growth Opportunities Fund 
4. OSK-UOB Multi Asset Regular Income Fund 
5. OSK-UOB US Focus Equity Fund 
6. OSK-UOB Emerging Market Bond Fund 
7. AmAsia Pacific Equity Income Fund 
8. AmAsia Pacific REITs Fund 
9. RHB Asian Total Return Fund 
10. RHB-GS US Equity Fund 
11. CIMB Principal Equity Fund

For Superdeals FD, there are two offers as follow:

FD Offers	Promotional Rate
3 months FD	3.50% p.a.
12 months FD	3.70% p.a.

The minimum FD amount is RM 10000 and the maximum FD amount is RM 5million per customer. The placement amount must be from fresh fund. The interest rate for Superdeals FD is almost similar to that of UOB Triple Fortune. It's worth considering if you miss the earlier UOB promotion.

SCB 360° Rewards Points Booster Promotion

It's 1st April and SCB has finally announced its promotion for all customers after it revised all the benefits on its credit card, the 360° Rewards Points Booster Promotion. from 1st April 2013 until 31st May 2013.

You can earn 5X points on local retail spends when you spend with you SCB Credit Card. Then you can convert the 360° Rewards Points into AirAsia BIG Points and redeem flights for your vacation. However, transactions made at petrol stations, transactions for insurance premiums and bill payments will not earn any points.

The number of points that can be earned on all credit cards will be capped at 5x of your combined credit card limit for each statement cycle during the promotion. During non promotion period, the number of points that can be earned on all credit cards will be capped at your combined credit card limit.

The table below shows how points are earned under this promotion:

Card Type	1 April 13 ~ 31 May 13		1 June 13 Onward
	Overseas	Local	Overseas	Local
Classic	1x	5x	1x	1x
Business Gold / Gold	1x	5x	1x	1x
Biz Platinum / Platinum	3x	5x	3x	1x
Preferred World Master	1x	5x	1x	1x
Visa Infinite/ Priority Banking Visa Infinite	5x	5x	5x	1x

In my opinion, this promotion is not really attractive for the 3 main reasons:

1. Promotion period for 5x point is too short, only 2 months.
2. SCB has revised the points for its reward system since 2013.
3. Too many restrictions on earning reward points.