Bro, split yours to RM1K, when go to the bank to renew, you have a stack of FD certs and people would be going WOW! That guy is freaking rich. hahaha. I have seen many time old grandpas and grandmas holding a stack of FD certs at banks.

That's the bank's fault for not having more counters to serve customers

Or worst scenario, others may tail one home and look for potential kidnap target.... and later to find out one don't have much money but just many certs, haha

Talking about queuing for 1 hour, PB customers also have to wait 1 hour or more when his/her RM is opening new accounts (e.g. savings) for some other client, hahaha

This post has been edited by Gen-X: Nov 3 2012, 12:15 PM

Maybank FD promos always ends earlier and I think the reason is because it is also opened to companies and as such the targeted deposit amount is reached quicker.

For your case Bank Rakyat Qiradh General Investment Account-i - Similar to Fixed Deposit

Max RM100K and RM10K for NEW Premier and Advance Customers only, which means the other half going to earn one of the lowest board rates in town.

Moreover, opening HSBC Premier account to play FD Musical Chair is a waste time. You have to maintain RM200K at all times or else you have to pay monthly penalty fee AND HSBC FD promos always for new Customers only. Which means they do not offer promos to existing customers with Fresh Funds. So after the promo, your RM200K is going to earn you less by RM1K at the very least every year. If compare to BR's 12 month's rate, that's RM2K every year!

This post has been edited by Gen-X: Nov 5 2012, 01:55 PM

Bro, click here to FD V2 Thread and do a search on MBSB and you can read our previous comments on MBSB.

To All, posted below at CC section, maybe some of you here can also benefit from my story

I wanted to open a Maybank Basic Savings Account which earns nominal interest rates but was recommended against doing so. Instead the Maybank Exec recommended that I opened a Normal Savings Account for my purpose of linking all my Maybank Credit Cards to it in order for me to make payments online via Maybank2U. It seems that the Maybank Basic Savings Account cannot be linked to my Maybank Credit Cards at M2U

For those of you who uses Maybank2U to pay your credit card bills, utilities bills, Local Council Assessments/Taxes and etc, you should look into getting the Maybank2U Savers Account (if you have not) because it earns you interest daily and credited into the account monthly.

Click below link to read my story of My New Maybankard Platinum MasterCard Debit Card and Maybank2U Savers. And maybe you can earn some extra money after reading it

My Maybankard Platinum Debit Card for My Maybank Credit Cards and Maybank2U Savers

This post has been edited by Gen-X: Nov 5 2012, 04:56 PM

Bro, you are right, the Advance offer of up to RM50K deposit to earn 5% is better.

I just finish burning up some of my brain cells trying to figure out this HSBC 5% Term Deposit-i Drive Promotions for Premier Account holders.

One of the condition is that we must deposit 30% into Premier Account-i or Advance Account-i which pays miserable interest rate.

Click on link below to read my article on the HSBC Deposit Drive Promo where I touched on the T&C and calculated that the maximum effective interest rate for Premier Account is only 3.627%!!!

HSBC 5% Term Deposit i Promotion Until 18 January 2013

Bro, read carefully, the example was for promo good for RM200K only. And Unless you can read the future, how you know you will be getting 5% after the promo ends?

This post has been edited by Gen-X: Nov 5 2012, 08:13 PM

I hereby reconfirm the above rates for the 3 & 12 months FD Promos are correct as of 7 November 2012. However the minimum Fresh Fund is RM10K (which has always been the case for UOB FD Promo).

To see more current Fixed Deposit Promotions, please click here to visit my FD PAge at my blog OR goto Post#1.

This post has been edited by Gen-X: Nov 7 2012, 12:03 PM

hahaha, this is a good one.

I agree to the above that one should dump his excess cash into his Flexi Loan and save on interest charges if one cannot get better returns from his/her other investments (or wealth accumulation strategies). But the fact remains - he/she is still in debt and effectively his/her net worth may be still negative.

This was discussed previously in Credit Card Section, and like cherroy said, one does not really "earn" any money but save on interest charges. It's like people who got no money to settle their credit card debt and as such go for Credit Cards Balance Transfer Plans and save on the 18% interest charges. It does not mean he is getting yield of 18% interest right? If one do have the cash and no debts, then it is a different story where BT can earn a person some pocket money.

Coming back to the Flexi Loan earning thingy, one guy at one of the credit card thread mentioned he will borrow (wanted to use the word collect but that would be illegal) money from his relative and dump this said cash into his Flexi Loan and in return he offered his relative higher interest rate than FD but lower than what he is being charged Over time, I guess that can add up to quite a substantial savings in interest charges


Read post No.1 for FD Promos. And if you don't mind depositing with Bank Rakyat which is a koperasi and making record profits for the past 2-3 years, check them out.

If you go to the branch, and you have relevant documents, don't see any reason why you cannot open a bank account.

Because I not as smart as you Bro. Yah, go for Savers-i better

Bro, I'm not being sarcastic lah, it is a fact, as you pointed out, the Saver-i earns you interest even if your balance is RM1 versus nothing for Savers until it hits RM2K. So, come to think of it, I should have sign up for Saver-i since I know it does pay interest when our deposit is less than RM2K but somehow failed to do so and as such was a fool

This post has been edited by Gen-X: Nov 12 2012, 06:35 PM

I get those calls often from HLB Assurance agents and even once an agent PMed me here in LYN! Should have reported him ,haha.

yah, and always do a comparison versus FD (compounded).

Bro, how much you depositing - no, I am not thinking how much I can earn from your kind thought (which is most appreciate) BUT if it is more than RM20K, asked if the dividend can be paid monthly.

FDMCGC members - check out my FD Page where I posted Affin Bank's Table of FD Comparison versus other Banks. 3 months FD Plus 2 @ 3.8%

However, I got no idea what is Affin Bank FD Plus 2 as I was in a hurry and did not read the table until I got home.

This post has been edited by Gen-X: Nov 15 2012, 11:15 PM

Wow 4.11% for 12 months Why bother with FD Promos

Thanks a lot for reporting above

Bro, you got 3 free gifts some more, you're really a good negotiator

Everyone take note of above, make copy of you IC first before going to BR

Another good rate from BR. Thanks for reporting.

Thanks for reporting. updated 1st post.

thanks for reporting, updated 1st post.


Thanks for the tip Bro.


Just to add to above on Bank Rakyat deposits and "interest rates", BR "FD" dividend rate is not guaranteed but then again, which Islamic banking product does

And to see more FD promos and my comments click here to my Fixed Deposit Promotion Page at my blog.

Alliance Bank was offering similar product couple months back and OCBC was (not sure still on) offering similar investment scheme before I left for holiday about 2 weeks ago.

This post has been edited by Gen-X: Nov 24 2012, 06:53 PM

Was at Maybank today.

Their conventional FD promo 1st 6 months @ 3.35% and subsequent 6 months @ 4.05% ended yesterday. But the good news is this same promo for Islamic Banking still available

Conventional FD 3 months promo still avaialble but I forgot the rate

Most of the time, RHB FD promo requires 10% deposit into CASA and maintain for 90 days.

Please refer my previous post on 27 Nov 2012.

The Maybank 6+6 conventional FD Promo ended on 26th Nov 2012 but as of Tuesday they were still offering exact promo for Islamic Banking. And it's 3.35% for 1st 6 months an 4.05% for the next 6 months. Average about 3.7% for 12 months which is the same as UOB's current Promo of 3.7% for 12 months until 14 December 2012.

I agree with you on how the effective rate should be determined and hate those that need us deposit 10% into CASA and maintain it for certain period that pays miserable interest rates.

For those of you who have the Combo plan FD maturing soon and not wishing to go with the hassle of another combo plan, talk to your RM on alternatives e.g. 3.5% for 3 months FD where they can seek approval for the same fund, i.e. no need transfer fund to another bank and redeposit as fresh fund.

Bro, if they do extend it based on current T&C, whatever amount you have at of 31st December 2012 will only get at most the 1 Month GIA rate for the entire 2013. Only the extra over will get the bonus.

I am hoping they do extend the promo next year