Went to get my first FD with BR this afternoon. Was quite an eventful outing for me.

Took me some time to find BR. Asked for direction but found Bank Islam. Found it at the place I have passed by at least a few hundred times in the past. Guess I need to OPEN my eyes when I go outside from now on !

*  There were 2 elderly Chinese ladies opening the FD before me. Took them a long time (communication problem I think). Was going to get FD for a year but after the long wait, decided to go for 2 years to make it worth my time ! Ha. @ 4.2% Used the earmark $ from another FD for this FD. Small amount but happy to see from the very low interest (earmark) to now 4.2% ! Ha.

*  Normally I would just sign when asked with a simple check but after following this thread, decided to check the interest calculation form which I have to sign (BR has a different work flow than other banks). Noted that something was not right with their calculated interest as I expected compound interest for the 2 years. Asked the lady whether their FD was compound interest type. Gave me the impression that she does not know what is compound interest. Decided to accept the non-compounded interest. They did not state that it is compound interest anyway.

*  No mention of referral in the application form. So, can't put GEN-X in there. I know I need your name & saving account number.

* Got a nice gift from BR (manicure set) with the FD.

*  When I was there for about an hour, surprised at the number of Chinese customers opening FD there. Maybe some of them also follow this thread ? Ha.

*  My sons' FDs will mature tomorrow. So I will open FD at BR for them. Increasing from 3.2 to 4.01% will be most welcome. Will keep their FDs at other banks as well.

*  Also went to UOB. 12 months interest is 3.75%. The manager will check with her HQ for a higher % when my other FD matures. Do you need to apply for PB or is it automatic once you reach their required $ amount ?

Sorry for the long story.

Cheerio.