oh dear...think i lost out on the nego part and free gifts...because when i tried to nego with them for better rates for 12months 4.01%, the counter girl told me only sum more than 500k can nego...and the free gift were only a passport holder and a sling pouch...

4.11% for ur part was really good. maybe i should go and premature after 1month and put as a new deposit again....arghhh

Dont be kiasu, 0.1% for 100k deposit is worth only RM100 whereas premature after 1 month equiv to RM3xx.xx loss..he..he...


This post has been edited by magika: Jan 13 2013, 01:21 AM

In fact, before I go, I din have high hope on 4.11%...I am fine with 4.06%...then when I ask for more, the teller said need to nego with manager... I tired (no loss mah), and to my surprise I got it! It is great.

@magika, do u have to nego on your every visit, or they will honour the previous rate you gotten before?

Haha. I see. Didn't get it then

There is no need to nego once their computer system registered your last rate, but must be more than 50k in order to qualify for nego rates. Just reconfirmed with counter upon new deposit.

However appreciate your input very much though. Thanks

well good thing about bank rakyat is that if u pre mature ur FD say 3rd month into the placement, u will get back 3 month's rate. Maybe thats the benefit for islamic principle based FD? haha

You wont get back 3 months rate, get floor rate around 2.10% (subjected to change) which is very much lower than board rate. If get rate at month of premature withdrawal then I think most of us will go for >60 mths deposit.

This post has been edited by magika: Jan 13 2013, 12:37 PM

Got it from my email, looks good.

Past few pages we have been discussing about it, not really good.

So far the best new promotion for 2013 seems to be MBSB, MACH, OCBC Bonus Saver.



This post has been edited by magika: Jan 13 2013, 01:31 PM

tbheng & magika,

When you guys mentioned "nego with manager", does it mean that the manager has the authority to approve or disapprove your asking rate on the spot?

From my experience, I tried to ask for extra 0.05%, the branch manager told me he has to send an e-mail to BR HQ for approval & I have to return the next day to know the result.

My placement was more than RM50k but less than Rm100k, for 61-month tenure.

Oh, and I didn't get any gifts...was told that all gifts are out of stock, but the branch manager wrote a memo (eligible for a hamper). They will inform me when the gift is ready.

Your bank manager seems to be lazy, can get approval in a few minutes if you care to wait of course. If not mistaken for extra 0.05% bank manager can approve it.


This post has been edited by magika: Jan 13 2013, 01:36 PM

Funny my OCBC GIA-i has been auto renew with 3 cert at 4% and 1 cert at 3.05%. Looks like need another trip to OCBC for explaination.

A few minutes? Why that money-ger

Are these the bullets you intend to put in BR's FD? The one you mentioned previously that you wanted to better 4.11%?

This post has been edited by HJebat: Jan 13 2013, 02:32 PM

Wa lau eh.. auditing me...he..he..
Yes lah , see tomorrow how still not decided yet..

well thats wat the staff told me and it was written on the t n c paper when i signed it. ok i'll make a call to BR tomorrow to confirm

Actually, I'm a stalker

Haha...no, seriously, you blazed the trail in this thread, so I would like to know can we go any higher than 4.11%.

If you happen to choose BR's FD, please work your magic & post your report here...I'm waiting (anxiously)

Had a conversation with BR Manager, it seems their authority local is extra 0.1% only, extra has to email HQ.

hi Everyone,
I received a call from maybank that there is offer on 12 months FD - 3.71% per annum, minium amount - RM10k.

Is that true ?

i wanna make sure the call is true before i go to the branch....

Yes, saw the promotion at MBB website.
3 mth FD promotion:
1st month = 3.1%
2nd month = 3.2%
3rd month = 3.75%
min placement = 10k

May I know how to calculate effective rate for tier-based FD like above?