Nope, previously i was paid around a week or two after fd opening..

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Added on November 20, 2012, 10:05 pm

Just to clear the air,

1. When opening FD At BR, upon requesting extra, they will check their computer on your previous history with them. If you are new and your deposit is just a bit more than 50k , it does not neccesary mean that they will offer you the better rate. Its bargaining power, the more the better.

2. If you have previous history with BR, then they will offer you the previous rate. If you insist on better than previous rate, again, it boils down to bargaining power, the more the better.

3. If you top-up less than 50k( no such thing as top-up), then you will get only the base rate, eg 12 mths 4.01% no extra even if you already have a million in previous deposit.

Having said that, i will be topping up again on December 2012, as my deposit this time is not that substantial, therefore will only be asking for 4.11%. However coming January 2013, once my OCBC Gia-i matures, then i will try to better 4.11%. Actually most of us do not know what is the max that we can get.

I do investment for bank, specifically in stock market(malaysia market). As I see the FD rate is so so low, why still so many people putting so much money in FD? Why not invest in some of others instruments that gives higher return(higher risk of course)? Please don't get wrong that I'm not saying take out all FD and invest in other place, but why not move some of the money and park in other place? Sorry for the question if you think it's dumb.

Good point, smart guy. What other instruments that gives better return then FD but as liquid and secured as FD ?

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.

Interesting. Two questions.
Since you are a investment planner, without doubt you know how to calculate EFFECTIVE YIELD, can you please provide the forum the effective yield for the above ?
As for the risk is near 0, can you please substantiate it ? Protected by PIDM ?
Thank you.

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?

Bro I'm not investment planner la  I'm equity trader for bank, not good in calculating the yield but the effective yield thing I think you can just google it : )

Hope can answer you question bro.

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~

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~

Bro I'm not investment planner la  I'm equity trader for bank, not good in calculating the yield but the effective yield thing I think you can just google it : )

Yes, protected by PIDM, like usual, RM250k. The only risk is that if you have more than 250k in Hong Leong, and IF Hong Leong fall in insolvent and force to liquidate, then you will only get back RM250k. The risk here is will Hong Leong bankrupt? As the others, the interest RM6500 is guaranteed, and this investment tool include some of the insurance element which if you passed away, bank will not required you to pay the balance.

Hope can answer you question bro.

in that case, how do you quantify "deposit 25k over 6 years and get rm6,500 for 30 years" gives higher return than FD  ?

I did not google or use a financial calculator, but just at the glance with brief mental calculation, I guess it was way below FD return of 4% p.a ( assuming fixed rate for 30 years), correct me if I'm wrong.

http://forum.lowyat.net/topic/2136801/all
Pls read the above link before recomending, you will hurt yourself beside this thread will go fast to V4..ha..haa..

Thanks for sharing. But you did not highlight that certain unit trust (Public China series unit trust) that did not provide any dividend at all in the past few years. And worst is that the current price is far below than the initial offer price.

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

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Added on November 21, 2012, 11:11 am
Calm down man, it just my point of view : )

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Added on November 21, 2012, 11:13 am
Ya some of the fund is not performing, may be you should dig into who is the fund manager of that fund. I do know some of the fund that give 40++% return in 3 years. Well investment not sure win ma, if you want to be 100% safe, FD lo~ 

That's the point. Usually agent just portray the performing fund, but eliminate those under performed. If i pay for the 5% service charge but still need to find out who's the fund manager, his portfolio, track record, it doesn't sounds right, right?. For me, the fund in FD is my 6-9 months contingency fund. We just want to get the best interest from it while the money is protected. No offence, it just my own opinion. I used to be a unit trust agent as well 

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

Just using 5 years rate at 4.60%

HLA 150k=returns 195k (does it include principal ?)

FD 5 years rate at 4.60% calculated for 30 years = returns 368,194.49 (without including principal)= 518,194.49 if include principal

Pls correct me if calculation is wrong...

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

The quotation is not with me now, if i remembered correctly 30years in that income builder surrender value 950k+++. kind of confuse why forumers here saying its way below FD rate 

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 ??