Yup, it is an individual account. Will make a phone call to CS & the BR branch to enquire about it next week

can let me know what's the premature withdrawal rate for a FD for 12-month but withdraw on the 5th or 6th month?

Not sure about other banks, but I would like to know specifically from BR because what was mentioned to me by the BR staff was different from the table rate shown to magika.

The exec told me it'll be 3.65% for 5th month & 3.75% for 6th month withdrawal

If the rates are around 2%, I don't think I'll withdraw my FD prematurely. Not worth it.

Agreed. I kena "conned" by the same exec regarding the introducer commission. Before I place my FD, do this, do that, my referrer can get commission. But once the FD was placed, suddenly not entitled for the commission. Damn stupiak & useless exec

That particular exec told me that if I open a joint FD, my referrer will get the introducer commission. If I open another single FD, my referrer are entitled for another round of commission. Well, later I found out that it doesn't work that way

Yea, at that time, I do not have any account with BR & my referrer has an individual saving account.

Worst yet, when I place my 1st FD, that BR branch gave me 4.11% rate for a year placement. Then, in the span of 2 months, I went to the same branch again to place another FD with the same amount & tenure. It only allowed me a 4.01% rate. Nego also useless. Really hopeless la that branch.

When those 2 FDs matured, will definitely transfer them to other bank or BR branch. Sure can forgive but really cannot forget

Yea, I'm aware of that . Anyway, BR still offers the highest FD rate (that I'm comfortable with) at the moment. Will wait & see if there's any promo that can top their rates. If there is, almost certain will give other bank a try

Your post caught my attention. Please share more information how you land yourself the sweet deal.

You can get 4.25% rate by using 50K capital?

Out of curiosity, do you have any other account or business venture with BR, before the placement of your 4.25% rate FD?

Yea, for 50K I can get either 4.01% or 4.11% for 12-month tenure. Depends on branch discretion.

I have a total of 6 figure amount in BR's FD, but no matter how I nego also of no use. Everytime I try to get an extra %, they rejected it straightaway. The most they offered is an extra 0.10%. Your branch in Penang is more accomodating.


Maybe that particular branch has a quota to fill.

May I know when you get your 4.20% for 12-month tenure, does your total FD placement exceeds 300K or lower?

I assume that you went for a 61-month tenure (4.60%) instead of a 60-month tenure (4.50%).

Can share what rate you really get?

Yo guys, come, come. Join BoomChaCha & me in the 5-year club

But if somehow BR tanks like Titanic or IR rises, don't blame me la

This post has been edited by HJebat: Aug 1 2013, 10:11 PM

I'm a player in a casino too & it is a gamble that I'm willing to take since I don't think the IR will go beyond 4% in these few years.

If it does, then just place more FDs in whichever bank that offers higher rate than my previous placements. I believe the average return is still pretty decent.

If it doesn't, we will be handsomely rewarded

Looks like you have been sitting in the casino for a longer duration than me, since I have just made the placement recently

Decided to go ahead after reading guy3288's posts & comments in FD threads. So, really need to allocate my "chips" wisely & not show hand everytime...

Received an umbrella & a car boot box as free gifts. What did you get as free gifts?

I can't recall signing any Sijil Pelaburan BKRM. What's the purpose of the form?

I was offered 4.70% nett for the amount I intended to deposit (quite a large sum, but it is still not as substantial as some forummers here have transacted before). So I decided to reduce the sum to 50K (the minimum amount required to earn an extra 0.10%) & let my other chips idle for a while to see if there's any better promo in the near future.

61 months. Compared to your rate, 4.70% is nothing to shout about. Assuming that your placement & tenure are the same with me, 4.90% will earn you >$500 than me. My BR branch really



The board rate for 60-month is 4.50% & for 61-month is 4.60%.

So, basically BoomChaCha managed to nego for an extra 0.30% for both his FD placements.

BR offers one of the best FD returns with it's high interest rate. Depending on your amount, bargaining skill & branch specific PR, you can get extra % for your FD rate. If you manage to negotiate for a higher %, it will auto renew when matured (haven't experience it myself, was told by BR staff). So, can save a lot of time/energy/money to search for other promos from other banks.

Interest is credited monthly into SA (minimum requirement is 20K in FD iinm).

As to the right sum to enable you get yourself a higher rate, it's normally 50K for an extra 0.10%. Some forummers here are able to get a few extra % based on their nego skill & deep war chest.