Yes, for those >55, go for the self-contribution program. The 1M retirement saving need separate application. Thanks !

Was in Citibank today. Was told that FD for 1 year is now 3.05%, starting Jan 10th !

So the trend is going down ?? Better go and grab those banks giving promotions !

Really admire Magika's 4.2/4.3% he got from BR. Salute to you !

This post has been edited by bbgoat: Jan 16 2013, 09:40 PM

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 !

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.

Ha ha, thanks !

We are waiting ............................................

Was in EPF, yesterday. Anyone can add to their EPF saving with a limitation of 60k per year.

You can deposit more than the 5k mentioned but have to fill up 1 form for every 5k in the same day. Pain in the ........It applies to ALL (irrespective of age) who already have account in EPF. Have asked them on the last point.

Add: Max amt to deposit is 60k starting Jan 2013

This post has been edited by bbgoat: Jan 25 2013, 09:41 AM

Good loh, the Bank manager invited me to play golf except I don't play golf.

Which location are you in ?

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 !!

This post has been edited by bbgoat: Jan 25 2013, 04:45 PM

If you use cash or banker's cheque, you can get the cert on the same day.

I was in EPF and asked them. Those that are currently contributing to EPF monthly can "top up" the contribution but subject to max 60k per year.

Let me know if you hear differently from EPF.

I hope to have a crystal ball to look into the future .......................

Good way of putting it !

In fact I put in 60k in 1 day but have to fill up 12 forms of 5k each. In the bank counter, there was some confusion initially as the bank clerk was saying 5k per month. Then the officer was involved and they called EPF to clarify. Ended up I can deposit 60k in 1 day but have to fill up 12 forms of 5k each. Also the officer showed me a written regulation saying only 5k per cheque allowed per deposit. Pain in the .....................

This post has been edited by bbgoat: Jan 26 2013, 12:12 PM

Oh, I see. Your earlier post is not clear. Anyway, you have your answers from the other contributors now.

See my earlier post for some info. For 50k and above can negotiate to get 4.06%. For 500k and above, up to 4.11%.
But it all depends on negotiation with the person in charge in BR.

Cumulative amount helps as you built up bigger total amount in BR. I got up to 4.2% last week, thanks to Magika for sharing his experience and challenging us to get higher and higher rate from BR !!

Planning for your March 300k ?????????????

You can break the amt down, should not be an issue. Also total amt you have including joint account and single accounts can also.

This post has been edited by bbgoat: Jan 30 2013, 06:48 PM

The first time I went to BR, I held my cheque with me and negotiate with them before giving them the cheque. Ha ha !

Thanks ! Interesting dialogue !