I would like to open with SCB Step up but need to open CASA.

If with Bank Rakyat, dunno will bankrupt bo after exxxxx

SCB lot 10 may be got lenglui serves you if not aunty. A bit hassle to open CA or SA. But interest seems to be highest among the FD promo now.

A follow up to my query. Got a reply from BR, the applicants for Joint Acc can be both or either one having the age of 45 and above. And an additional of 0.5% from current rates

woa, thanks sure not.which means 4.01% to 4.51%

Yeah, thats the reply that i got and i didnt even asked about the rates.
BR is kind to old citizens. They gave a pack of bird nest tonic (6 bottles) to their acc holders during CNY.

This post has been edited by Human Nature: May 2 2012, 02:23 PM

Great info But I can't find the source of 0.5% additional interest for seniour citizen in BR site. Or is it only make known to you upon enquiry ?



This post has been edited by aeiou228: May 2 2012, 02:32 PM

Are you sure? Could it be an additional 0.05%, wasn't offered this the last time, was told rates are the same for seniors or non but minimum deposit is lower.

called BR, last time rate diff Mubeen vs warga emas 0.5%. Now no difference.

pity hv to withdraw a few of my 1 mth fds which has not reach maturity date, loosing around 19 days interest

---

Added on May 2, 2012, 2:59 pmso BR protected, but until RM??? PIDM until RM250k

This post has been edited by magika: May 2 2012, 02:59 PM

So i get outdated info from their staff I asked through the feedback system at their website and obtained a reply today through email. Will print it out and bring to the bank

let us know whether it will work.. May a request a copy from u to try out maybe lucky

all sifu,

would like to know which bank offers the best FD product as per below conidtions:

- FD principal amount = RM3.0 millions
- FD tenure = 60 months
- need FD interest credited monthly

What is the best interest rate currently bank offers?

Heard someone said if FD deposit more than RM1.0 millions, you might have lower interest rate / kena withholding tax.

Also, how to calculate the FD interest amount per month?
e.g. RM3.0 mil x % of interest rate / 5 years x 30 or 31 days?

Should I separate the amount (e.g. RM1.0 mil per bank) or all into one bank?

Also, knowing that maybank offers 3.8% p.a. for 60 months but don't know whether it applies to RM3.0 mil or not? any advice?


Your kind attention and helps are much appreciated. TQ in advance

will do

Can try Bank Rakyat more than 60mths 4.65% i think, can nego for extra %. Interest i believe is credited monthly. Why not go and ask? If i am introducer then maybe can get some benefits.

just use excel to calculate .. maturity date - dep date will get u number of days , then divide by 365 x %. got this from the forum. However just to note, Maybank calc is slightly unconventional.

This post has been edited by magika: May 2 2012, 10:52 PM

Thanks for the info. I asked the same question when I opened the FD. Anyway, my FD just 1 year, after that will definitely look for better offer somewhere or put in my housing loan a/c to reduce interest

With 3 millions in hand, you could walk in to the banks and talk to their branch manager to negotiate the rate and term. You could become premier customers as well. Try Maybank, Standard Chart, HSBC, OCBC, PBB, etc... May be you could split to two FDs with RM1.5 mil each in two different banks since you are going to leave you money the banks for 5 years. That is to avoid putting all eggs in one basket.

This post has been edited by lkcheng: May 3 2012, 08:04 AM

question : Uplift 1 mth FD vs Overdraft

Anybody can enlighten me as to the pros & cons as i need some funds wheras my Fds short of 7 days to maturity ?

Tq

if i have 3 million, buy some reits will be a better choice as normally above 7 %.

Can negotiate but wouldn't guarantee you higher rates depending on banks. What i know is Affin can get slightly bit higher and OCBC no different from published rates. Limited time only promo rates sometimes better than negotiated rates. You have to visit the branch and nego. I would say for 5 years long term deposit, some banks may be hesitating to contract you unusually higher rates. But please go and nego and remember to keep us update of your findings.

Split the deposit to 5 receipts ie rm100k, rm200k, rm400k rm800 rm1.5m, incase of partial premature withdrawal you can withdrawal in any combination amount in mutilple of rm100k. And don't put all eggs into one basket to reduce risk but the downside is you can forget about negotiated rates as your deposit no longer BIG after splitting

use od is more worth it for 7 days to maturity.

This post has been edited by aeiou228: May 3 2012, 11:03 AM

I just called to Bank Rakyat at 03- 2617 3888, this extra 0.5% rate was a promotion
during last year. Now this offer is no longer available.

LY so many kaya punya orang.