Sometimes they dont really know. However certain matters are beyond them as the computer system will reject when they keyin. Certain things forgive and forget is the best policy.

Just to clarify, every FD deposited must be RM50k or above only then only is entitled to nego rate.


This post has been edited by magika: Jul 23 2013, 10:47 PM

This type account caused quite a lot of us some measure of embarassment as previously it beats the best of FD rates.

no Pidm, not scared money goes down the drain ?

can hint how high you get? u no scare ??

for 100k it is extra 400 RM extra pa than prevailing rate. for 1kk its extra 4k pa so not sure whether worth it.


This post has been edited by magika: Aug 1 2013, 09:16 PM

I think we are on the same wavelength. Just lazy to commit. I think we are scared !!


This post has been edited by magika: Aug 1 2013, 09:22 PM

Well done, I would think it is a good decision. Dont worry about all the noises. At the end of the year, what matter is the returns. I was looking at the the 5 year tenure for some time. Only reason of not commiting is , I was thinking about some other business investment. Thanks for the tips.

Actually we are counting our money, more privacy at this time!!

For me its a matter of passive income generated. If I have RM1kk deposited at around 5% pa that would give me monthly income of RM4,166.67. At 5kk with 5% rate, monthly income around RM20,833.33. Then its time to see the world.

FD players will only benefit the most if they dont have much long term loans which in which their current income will suffice to cover. Its a form of forced liquidity even if the loans are not fully settled.

you rich person. I m counting cents only !!

I used to have one also Maybank Finance at around 9.xx%. Situation is like the stock market, if it goes high we are waiting for it to go higher. Only wise people will sell when others buy.

What ! Counting your maid money at this unearthly hour ! What will your better half think !

I wan also

My better half was also caught in the Koperasi collapse but if I m not mistaken the gomen gave a bailout.

u no scare ! no PIDM

Note: Pls make sure to recalculate and compare to the sum printed on cert which includes principal plus total interest. For auto renewal make sure new cert is issued and recalculate also. Dont check later dont quarrel.

Put in EPF better !!

I think you are in the wrong thread. We managed to accumulate RM all these years and do you think we were born yesterday. We may be naive on some things, but on certain things we do know whats happening. It maynot be known to you, but most of us have some other little things going on to increase our net worth. It may not be what you ecpect ie UT, HLA, PNB or whatever but certainly it is things that we ourselves are familiar and comfortable with. Oh we do read investment thingy and also motivation books. Rather than go with the grain of the myth in investing what every tom, d*** & harry says, we rather go with our own formula. Oh, I do invest in shares (sometimes speculate also) and present holding of bluechips RMxxx k worth. But its not everyone cup of tea. What we deposited in FD is practically a very sure form of investment with returns that is acceptable to our ownself. Thats why we counted the returns every year rather than go with branded banks which gave lower than average returns. We are mostly generation X and we debunk the myth of saving only in instituition thats secured by popular belief. Some of us are also caught in the kooperasi debacle sometime back, and yet you think we are without experience in risk management. Nothing is really sure in this world but as money instruments FD is FD which ever way you look at it. PIDM or deposit insurance has not yet been proven to work anywhere in the world. Its a form of tax as in saying if the govt in the future need to bailout any banks, it might as well earn something currently though it still beats anyone how it actually works. Banks nowaday are practically tightly monitored by BNM, and rightly they are trying to comply with the BASEL accord for good banking regulations.

The noises makes me scared !!

Thinking back I m very scared ! But there is no other better option.