Sorry Magika, i like to comment about this HLB. I personally do not have good experience with this bank. Now, become anti this Bank. I write in their facebook to urge people to close account at this HLB. Their service really bad. I had only one 10k FD there. Once mature. Closed it and NEVER return. This bank is SXXXXk.

1. BR 3-months tenure offer 3.65% interest rate. Some claim that if the amount is large enough, u can nego for extra 0.05%. (refer to Post #928) Some claim that the amount is 50k, some 100k... Would like to find out what is BR's policy.

2. It is very common for them to offer free gifts.

3. Diff branch may have different offer.

U can choose not to answer of course. Thanks for being Polite.

Sorry Magika, i like to comment about this HLB. I personally do not have good experience with this bank. Now, become anti this Bank. I write in their facebook to urge people to close account at this HLB. Their service really bad. I had only one 10k FD there. Once mature. Closed it and NEVER return. This bank is SXXXXk.

3 things to share.

a. Withdrew my HL FDs for new FDs at BR today. Asked for a banker's cheque and was told a charge of RM5.15 even for premier customer.  Later, they refunded the RM5 as the manager said no charge for premier member even wihout me making a noise on the charge. Thanks to the manager.

b. Opened FDs at BR asking for a higher FD rate, on top of the 0.05% I was offered on the phone yesterday. Much to my surprise, they gave me 4.11% for a year (amount is RMx00k). Will go and buy some durians tomorrow. They got some computer issue with my FD and I still have not got the FD receipts. Hope to get them by Monday. Still can see many chinese opening FD at BR.

c. Disappointing with UOB. Went there about 2 months ago and the lady said she would come back to me on a higher FD rate by late Oct as I intended to open one in mid Nov. No reply from her. SMS to remind her. No response. Called her and she said she would check with the HQ. No reply. Called her this morning. She was not in and her colleague helped me. She checked with HQ and they said they can only offer higher FD rate for amount > RM 1 million. If she told me earlier, I would not be chasing her for an answer. Not impressed with UOB and the lady.

Cheerio.

Glad that you got the additional 0.05%! A few hundreds dollar worth.

Very surprised that BR allowed some changes to completed FDs especially for a govt/stick to the rules company. Nonetheless, glad that you got it. It pays to ask. Ha.

Cheerio.

Hey guys, I am back. I have 2 questions.
1) How to check GIA-i interest for Premier Mudharabah Account-i?
Please share the link, thanks.
2) Is HSBC 5% interest for new branch promotion still valid?

Thanks.

Rate Effective For New/Renewed Accounts For The Period From 16 October 2012 To 15 November 2012
No update yet for this month. Thanks.

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Added on November 20, 2012, 12:36 am

Just wonder after we negotiated with the extra 0.1%, can we still split the big sum into multiple FD certs (for just in case premature uplift).
Anyone has any experience on this? 

So far, only know that >50k, can ask for add'l 0.05%. For the 4.11% (4.01 +0.1%),  do the FD amount need to be more than 200k ?

3 months -ocbc
6 and 9 months mbsb
12 months - mbsb or BR

just came back from BR (Penang), the officer said that no additional 0.05% although deposit more than RM 50k. The free gift that they give is only a bag. Anyhow, i will put in the money in BR next week when my FD with Maybank is matured.

Had another FD at BR yesterday but smaller amount (<RM50k). Asked for the 4.11% and after he checked inside (I think he called the state BR HQ for approval), answer was no. Said I need a larger amount to get the 4.11%

Yes, the extra 0.05 + 0.05% depend on the amount. Actual amount, sorry, I do not know.

Got 3 shoe bags and 1 backpack as gifts. Asked for the pen, they don't have any spare. Pity.

Cheerio.

Asking myself this question a few hours ago.

Suppose A has a 12 months RM100K FD at BR at 4% with monthly dividends paid to his saving account.

After getting the 6th month dividends, A needs to terminate the FD. Will A get the full RM100K after 6 months or RM 100K - sum of the 6 months paid dividends ?

Anyone who has been through this with BR?

Cheerio.

Yes, even for the referral of 0.1%, BR will only pay upon the FD maturity. My referral did not get the 0.1% and BR said they will only pay them upon maturity of the FD.

For the 0.05%, the amt need to be 50k or above. For the 0.05+0.05, not sure. Some members are saying need to negotiate ?

I am thinking the same question also. I assume that BR will recalculate your int for 6 months instead of one year. Suppose 6 months' interest is 3.75%.
So, you will not get full 100k.

If BR give back your 100k net, then everybody shall goes for 5 year tenure whereby you get not 4% but 4.6% lor. Right.

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Added on November 20, 2012, 8:10 pm

Exactly, negotiate with the correct person. I think 100k can get 0.1% more.

hi i am quite new to this

the interest is paid monthly at say 3.15%?

so if i put in 10k,the monthly interest is rm315?

For my point of view Unit Trust is one kind of low risk and high return investment, i would say as liquid as FD because only a week to withdraw~ but a lot people think that unit trust can't generate a lot profit personally i think the main reason is the which agent you get advice from. Not to say all, some of the agents they just want to close the deal do the business, cincai cincai introduce any fund to aunty uncle, invest in lumpsum. If you dig into more details in unit trust, you will find that quite a numbers of fund giving more than 40% over 3 years or more than 10% in one year. If you clever enough to do switching, i believe even more return.

The other tools may be saving account like Hong Leong Income building, deposit RM25k per year for 6 years, will get RM6.5k every year for 30 years. and the risk to me is near 0~ It just a lot of people don't know there is actually such a good investment tools.

correct me if im wrong~

Do you mind to tell me how much you will get if deposit 150k in FD for 30 years?

Aik ?? you throw the ball back to me pulak ?? I can give you the compounded cash value for 150K FD x 30 years easily (assuming fixed rate for the sake of calculation) but since you don't know how to calculate the effective ROI of  HLB income building, how are we going to engage in a more meaningful and intelligent debate in this matter ? 
If I give you the compounded cash value of 150k x 30 years FD, how you are going to compare it with HLB income builder ?  Compare the final cash value at year 30th??
How do you get 950K ?? Is it for real ??  

wat is the best fd rate for 50k on monthly basis?can anyone share?

Rm25k and interest at 4% at bank rakyat

Year 1 rm 25k x 1.04 = 26k
Year 2 (rm 25 k +rm 26k) x1.04 = rm 67.6k
Year 3 (rm 25k + rm 67.6k) x 1.04 = rm96.304k
Year 4 (rm 25k+ rm 96.304k) x 1.04= rm 126.16k
Year 5 (rm 25k + rm 126.16k) x 1 .04 = rm157.2k
Year 6 (rm25k + rm 157.2k) x 1.04 = rm 189.5k

Versus rm6.5k x 30 years= rm195k. The purchasing power of rm6.5k after 10 years onwards will probably become like rm 4.5k and at year 30, rm6.5k will probably like rm3k or less.