If you win the contest, I guess Bank Rakyat will mail an official letter to inform you
rather than to call you.

I feel like this kind of contest is very hard to win just like Toto..

Now I know 4 banks are running CASA heat promotions:
(1) Affin
(2) RHB
(3) CIMB
(4) May Bank

This post has been edited by BoomChaCha: Aug 25 2013, 11:56 PM

I did not see Ambank 5 years FD for 4.1%?
http://www.ambankgroup.com/en/RatesFeesCha...mentsRates.aspx

Where di you get this info?
Do you have the link or more info about it..?

This post has been edited by BoomChaCha: Aug 26 2013, 12:39 AM

When you call to Affin Bank support line, you'd better ask for Mr. Lau,
because I think he is one of the most knowledgeable staffs there.

if I am not mistaken, for OMG Invasion contest, your can top up in either current account, saving account,
or FD to participate in this contest.

One thing good about Affin Bank is their saving account to pay good interest rate:
http://www.affinbank.com.my/rates/ratescon.htm

RM1.00 - RM999.99 - 0.90% --- (First 999.99 in saving account will get 0.9%)
RM1,000.00 - RM4,999.99 - 1.45% ---(2nd additional fund from 1000 up to 4999.99 will get 1.45%)
RM5,000.00 - RM19,999.99 - 1.90% --- (3rd additional fund from 5000 up to 19999.99 will get 1.95%)
RM20,000.00 - RM99,999.99 - 2.80% --- (4th additional fund from 20000 up to 99999.99 will get 2.8%)
RM100,000.00 - RM499,999.99 - 2.85% --- (5th additional fund from 100K up to RM499,999.99 will get 2.85%)
RM500,000.00 - RM999,999.99- 3.10% --- and etc..
RM1,000,000.00 and above - 3.38%

If you reach 50, then open Affin Gold saving account:
http://www.affinbank.com.my/banking/condeposit/affingold.htm

Why you changed the interest rates?

Oh.. I see... I did a copy and paste from Affin web site which has not been updated.

At first I thought Top Cat is so rich that don't mind to deposit eatra money to get same interest rate..

I think OMG Invasion is running hot so Affin Bank has risen the deposit requirement... very snake ah..

Thanks for the update.

This post has been edited by BoomChaCha: Aug 26 2013, 01:22 AM

I was counter offered for existing last year SC step up FD for 3.5% for 6 months after i callled up to cancel the letter offer of low step up effective rate @ 3.3%. Still hunting....

I do not have the link. I ask from ambank counter. I'm sure you can have the same rate.

Bro, thank you. I am touched by your advice and that you took the time to share above. Actually, even with my 23" LED Monitor, I still need to zoom in.

Worth it or not, only time can tell..... in the meantime it does give me some bragging rights

Early this year, he told me he not interested in doing Master in USA, so I flew to USA and carry his things back (click here to read about it). After a week or so at home , he told me he got accepted to an Ivy League Uni and wants to go back to USA So coupled with his tuition fee and my younger children tuition fees downunder, I got no cash to go chase after FD last couple months. So my networth just decrease substantially again, but I tell myself, I am not getting poorer but my children spending their inheritance, haha.

But one thing for sure, our current FD rate is no where near the yearly rate increase of tuition fees.

Bro,

1. confident that MBSB won't go bankrupt in the short term - YES. Both BR and MBSB have been experiencing remarkable profit simply by milking/sucking dry the civil servants thru their Personal Loan Products. I guess MBSB has benefited with EPF being their major shareholder.

http://www.thestar.com.my/Business/Busines...-spotlight.aspx

Too bad my article on BR in my previous blog is no longer in existence. In that article I touched on Personal Loans by Bank Rakyat.

I have yet to see or read any report/study on what is the percentage of civil servants taking up Personal Loans but I am pretty sure if a report does become public, it may be shocking. And once this market group becomes saturated (or change in Personal Loans guidelines .. BNM has taken some actions but I still feel it is inadequate to counter the disease), their profit is sure to take a hit.

And if you can recall, not too long ago a smart and capable Minister did say our country will go bankrupt soon with all the subsidy programs...

2. Me placing FD with BR or MBSB - NO. Lack of service is not the issue here, I have mentioned long ago in previous thread that I am against using the rakyat money to bailout greedy people who go deposit with financial institutions offering higher % rate... And for those anti BN who go deposit in BR for higher FD rate - you guys are hypocrites.... (I do not expect many to understand this paragraph... or maybe none at all, hahaha).

This post has been edited by Gen-X: Aug 26 2013, 12:44 PM

concur with you.

i will simply not support some of them. and if i can, i will not even want my blood n sweat money in epf for same reasons.

Bro, I love EPF. It is one of the best retirement plan on earth. Pays 5% or more dividend and once declared the amount together with previous contributions are guaranteed. Unlike in the US and Australia, some people actually loose money in their retirement funds and they are being charged for numerous fees. For example, I saw a program in Australia, the guy worked part time as Santa Claus and contributed about AUD200+ into his retirement funds and after a year he had only AUD50+ because of fees! My friend who works in Australia actually lost money the first 2 years in his retirement fund because he selected the wrong fund (how many people actually know which fund will earn them money in the future?)

This post has been edited by Gen-X: Aug 26 2013, 07:17 PM

madness - meaning they are 'investing' with their EPF?

i think the majority thinking here on EPF is that they are making tons of $ but only give little back. However, this 'little' is somehow better than FD or you spending the money.

http://www.hsbc.com.my/1/2/merdeka

55 PA.....

a lot T and C

Is there a need to call and cancel? I received the letter which I have mentioned earlier....I thought the letter of offer will not be executed unless with depositor consent....I plan to move over to Ocbc on the bonus saver...

U need to call to cancel, if not sc will auto renew to the proposed rate indicate in the letter. It is explained in the letter. After nego, give straighforward 3.5% for 6mnths.

Withdrew from Maybank today, no charge for Bankers Cheque.

Thanks...have thrown the letter...

Dug out the cert, will mature in Sept...

Just to share the rate offered in Sept 2012..

1st cycle (3 months) 2.98%
2nd cycle 3.38%
3rd cycle 3.68%
4th cycle 6%

Effective 4.1%...not bad with interest credited monthly...

Oh yeaa..after attracted to this step up 6% SC and mach HL 4%...it seems any below 4% not attractive to me...arrghh

Premier Banking ???

This Promotion is open to (i) new-to-HSBC Premier and existing HSBC Premier customers who meet the minimum Total Relationship Balance1 (“TRB”) of RM200,000 on the day of participating in this Promotion and (ii) who invest in a single or multiple Wealth Products during the Promotion Period;

This is quite shocking... I had never thought about this..

This 5% FD needs both minimum RM 200K plus invest in Wealth products?
Or does it mean this 5% FD promo requires just either one of them?