Hey guys, what is the best FD rate?

What status do you wan to know? I have yet to receive the additional 2% interest.

So which 1 better?
What is the rate?

wow, that good rate. 2 days ago i went open hlb mach, got only 3.6% PA because I put for 6 months only.

OK, noted.
Did you nego for higher than 0.1%?

Wa lau eh, if I didn't ask, you senyap-senyap la...

Fuh...but really you are a trailblazer! 4.20% for 12-month tenure Respect...respect...haha!

But how is it possible that your incentive rate as an introducer was considered as an FD rate? Aren't the 0.1% suppose to be credited into your SA?

Mine was credited into SA.

You da man! (I assume la)...I reckon if you go for the >60 month tenure, you'll get 5%.

Not in yet.

Hi, just to update, I called KFH two days ago asking for new FD rates, the CS told me their new offer now is 3.88% from Jan to March 2013.

He is in Indonesia 

Magika,

Curious to know how did you get the 0.1% for the "introducer" ? Was it "new" account opened in the same BR branch ? Or was it new account in another BR branch ?

Thanks !

So, it is back to 4.11% for FD and 0.1% for introducer incentive, right?
Just wanna see BR's threshold...

Well, you have been making new "highs" on BR ! I will be going to BR tomorrow and hoping to make the 4.2%. Only got the 4.06% last time.

Thanks !

Wow, you are quoting a figure of 300k.

Magika, for the 4.2%, was your amount higher or lower than that ? Sorry for being too direct.

Just curious, why do you limit your FD tenure to a 12-month max & won't go for a longer term?

You did mention before that you'd rather put your money in EPF for long term placement, but what about, say 2 or 5 years tenure? Does that consider as long term to you (in terms of FD placement)?

Would like to explore & see things from your perspective

OK, update you guys. I was in BR on 21/1. Negotiate with the ABM in the morning. He claimed that only if amount is >500k, can get 4.11% (though can negotiate if the amount is lower). I asked for 4.25%, he said not possible with the amount I mentioned. So he said will try 4.2% but need HQ approval. The branch manager also made an appearance to meet me.

Looks like 4.01 to 4.06% can be approved by local branch. Going to 4.11% will need their district manager to approve. Above that need HQ to approve.

The ABM called me in the afternoon and said  I was lucky to get the 4.2%. I went in and signed up for the FD. In the subsequent conversation, he said it is the cumulative amt that is being taken into consideration. He said next time if I have "some big" amount, can aim for 4.25%.

But it is not say once you get 4.2%, next time you will get the same % (even for small amt of FD). Everything seems to be open for negotiation in BR.

The above are all referring to 1 year FD rate.

That's all for now.

Waiting for Magika to break into new highs .............................

Cheers !!

Looks like EPF divi returns are quite good even during the worst of times (2002-2003, 2008-2009). 
Sum more, it can be compounded over the years...

Hi BR fans,

Just wanted to check with you a few things:

3. Same teller also told me ONLY placement of 500k & above the rate is negotiable this year. Last year 100K was still possible. Anyone this year can still get more than 4.01% 12 months for 100k without referral?

Went to BR & was told by the officer in charge that :

1. Gifts are given to customers based on the discretion of the bank. Different branch may have different policy. Etc. If I place 50K for a 12-month FD in BR ABC, I'm entitled for an umbrella. Whereelse if I go to BR XYZ with the same placement & tenure, I might be offered 2 towels or 3 Parker pens.

2. There was no CNY dinner ever held by BR at my local branch

3. Minimum amount needed to get 4.20% for a 12-month FD placement is RM1 million (calling magika...can help verify this statement? )

4. Premature withdrawal rate for FD is based on the earlier month profit rate table, counted monthly. Etc. If I deposited a 12-month tenure in January & I withdraw it in November, the premature rate is 3.85% (January to November = 10 month period. Since there is no profit rate for 10-month, I will get the rate of the earlier month = 9-month FD rate = 3.85%).
***magika, I noticed this statement contradicts your post regarding premature floor rate for 12-month tenure, which you mentioned is at 2.94%. But so I was told