magika, when you get 4.20% p.a. from BR; did you simply put forth that figure at will and insisted on that amount for their consideration or was it a specific figure that BR has imposed on customers based on accumulated amount of $$$?

Waaaaah, respect you la!

When you nego your way from 4.11% to 4.20%, the branch manager just gave in to your demand or do you have to wait for higher ranked officer for approval?

Thanks for your feedbacks. I'll try to apply your technique next time I pay BR a visit...wah, feels like demand a ransom from them

Last time when I requested for 4.11% p.a., I was told it needed HQ approval...which took approximately 1 week to approve



1. The red part, do you mean that we can bargain for more % if our tenure of placement is longer?

2. The orange part, I manage to get 4.11% for a waaaaay lesser amount than $500k wor...

In that case, either the branch that I visited had some glitches on that particular day or it is really hopeless


I will try to experiment with the tenure and % when my war chest is ready by the end of this month (hopefully... )

I'm with BoomChaCha on this matter. I think if we can nego for a 4.7-4.8%p.a. (long tenure) or even 4.9-5%p.a., it's quite reasonable to say that the earlier compounded return can offset any rise of the interest rate in the future. My personal opinion: IR won't rise to 5% in 5 years time and it's a gamble that I'm willing to take.

Guys, let's say I place a FD for 1 month tenure, starting from 13/05/13 to 13/06/13.

In terms of calculating the interest, do I count it as 30 days or 31 days?

And the interest starts from 13/05/13 or 14/05/13?

What is considered as "exact days"?

If the interest starts from the day I place, then do I get interest on 13/06/13?

So, 13/05/13 to 13/06/13 = 32 days.

Principal x 32 x IR /365, am I correct?

In that case, my interest starts on 13/05/13 & ends on 12/06/13?

So, I don't receive any interest on 13/06/13?

Got it! 31 days...thanks


Aren't you a staunch BR FD supporter? (BR yea, not PR )

Why wanna go to other banks? Have insider news from BR ka? lai lai, kongsi, kongsi...wa cia lu jit poi ko pee


Thanks for sharing. Any lead about BR's FD? Do I get the interest on the last day?

You just answered BTW, tidur la

Recently I put some $$$ into BR’s FD for a tenure of >60 months. Visited a certain branch for 3 days in a row just to nego for an extra 0.20% (on the 3rd day, it was more like a haggle). In the end, it was to no avail. I only managed to get extra 0.10%. Quite disappointed that some BR staffs are not well-informed, hence not familiar with their own product. Even BR’s CS line is hopeless & useless when I needed it.

On a happier note, my maturity date falls on a weekend & BR gives extra profit/interest without me asking for it. Received a few free gifts as well.

Anyway, a big thank you to magika, bbgoat, BoomChaCha & guy3288 who gave feedbacks & shared valuable infos to all my queries in this thread.

A certain branch in the East Malaysia.

Free gifts: umbrella & car boot box...I reckon if I look real hard, there should be one piece of toilet paper with "adolph aduh hitler" signature in the box too.

What profit rate did you get for your placement?


1. Yes, correct. And the 0.10% is only given for minimum 1 year FD placement from the referee. Referee can open a FD for less than 1 year, but if that's the case, the referrer won't get 0.10%. The incentive would be less (forgot how much less...calculated proratedly probably). Another thing is, the introducer incentive will only be deposited into a single account, not joint account.

2. Not true (at least in my case).

This post has been edited by HJebat: Jun 10 2013, 11:07 PM

I concur with your opinion regarding gifts & FD rates.

Last month, I went on a mission to 3 BR branches to seek for one that can offer highest FD rate + (most valuable ) free gifts. I was told by the staff of 2 BR branches that I need to deposit minimum $100k to be entitled for extra 0.10% FD rate. Another branch staff told me that I can get the extra 0.10% with minimum $50k only. I went to deposit at that particular branch. At the moment, the free gifts from all 3 branches are out of stock or almost out of stock.

Is your amount below $50K and/or your FD tenure is less than 6-month?

Oh, with that amount & tenure combo, I believe you can get the extra 0.10% without much problem.

Did you consult with the bank's executive or the conversation was done with the teller only?

BTW, the 4.06% that you mentioned in your other post, was it based on the same amount & tenure?

Normally, how long does it take for BR to deposit the introducer incentive into the SA?

Wow, my maturity date is more than 60 months away


Weeks have passed...my referrer has visited his BR branch twice to update his SA but couldn't trace the incentive. Is there any other option to check it instead of going over to the counter to update the passbook?