when you have primier you're given an account to place your mulah right
that one...

50K is peanuts for premier clients correct, which is why i am saying they would not bother placing because of the 50K cap

Sure. But it ain't no where near 5%. One doesn't even get 1% out of the checking account.


LOL ! Am certain many will beg to differ on this view of yours.

This post has been edited by MilesAndMore: Apr 9 2010, 12:24 PM

i am not a customer of HSBC premier so I do not know but the last enquired (2008) you could park your money in bonds and other high interest time locked accounts for as high as 7%-12%. I am sure about Citigold though, we can park it multiple ways not only thru the special checking account they give you. Just you have to park the money there, an no taking out business.

haha maybe our definition of peanuts are different.
let's say you're a premier customer and you place 1M in bonds and about 600K in deposit account, 50K out of the 600K should be peanuts.


This post has been edited by aeronic: Apr 9 2010, 03:31 PM

You do know the catch, right ? It is not guaranteed. All the figures shown in the prospectus are all based on best scenario and their projected return.


Of course it is peanut but that wasn't the reason i said many will not agree with you. An opportunity is an opportunity. Seize it.

This post has been edited by MilesAndMore: Apr 9 2010, 06:32 PM

the staff told me cox of new opening for the bukit tinggi branch and doing the promotion,
they also have a big banner outside the branch, u can read from thr
i dun know what is hsbc premium acc or what, that day i jus bring a 50K check and tell them i wan put it in FD n they offer me this promotion, minimum 1k and maximum 50k, duration 3 months for 5%pa

is it only for HSBC bukit tinggi only??

as i know only HSBC bukit tinggi

Amanah has got 6.x% if i'm not wrong?

Hong Leong Bank has revised their fixed deposit rates today. The new rates apply to all new fixed deposits placement from tomorrow onwards.

HONG LEONG BANK
1 month - 2 months > 2.40%
3 months - 5 months > 2.45%
6 months - 11 months > 2.50%
12 months > 2.80%


RHB Bank has also revised their fixed deposit rates last week but they have not updated their website yet. However, according to STAR, the new fixed deposit rates which will take effect only on 19 May 2010 are as follows :

RHB BANK
1 month - 5 months > 2.50%
6 months - 11 months > 2.70%
12 months > 3.00%

This post has been edited by MilesAndMore: May 18 2010, 12:26 AM

Mine just renewed in feb at 2.5% 12mths

I got an sms from RHB today, offering 3.25% for 12 monthfor existing customers.

izzit the FD rate is fix by bank negara ? roughly 2.5 % ?

OPR is fixed by Bank Negara. FD rates are fixed by the banks themselves.

This post has been edited by MilesAndMore: May 18 2010, 11:58 AM

i got one of my yearly FD mature at July at 2.5%, seem like good news to me

Maybank, CIMB Bank, Public Bank and OCBC Bank have all revised their fixed deposit rates today. The 12-month rate is exactly the same as Hong Leong Bank's which is 2.80%.

This post has been edited by MilesAndMore: May 18 2010, 12:21 PM

m

This post has been edited by meikun84: May 19 2010, 07:59 PM

FD 2.5 % but Nissan loan is 1.98%. This mean if we can get 100k in bank and buy a 100k Nissan, the interest from FD is enuf to cover the interest for Nissan.

It is enough to cover the interest but don't forget that when you repay the loan every month, you have to pay the principal + dividend. It's not that easy dude.

well, we will just assume that he has the ability to repay the 100 grand.

it is still a good deal if your interest earned can cover another loan's interest.