Thank you very much for your interest in participating our FD group campaign.

I regret to inform you that we are unable to process your membership
application at this time and this is because your post counts do not
meet our requirement.

We wish you the best in your future FD banking.

Members Recruitment for FD Group Deposit Campaign
Objective: To consolidate all members' funds to bargain for a better FD rate with the bank
Minimum FD deposit: RM 50K per member
Target total FD amount: 2.5 million or more
FD Tenure: Tentatively 1 year
Recruitment Deadline: 31 May 2014
No Obligation: Members can retreat anytime before we negotiate to the bank
Prohibition: Members who registered after March 2014 or less than 300 post counts are not allowed to join this campaign

Disclaimer: No guarantee will success in this group FD plan

Participating Members

Members Ok without PIDM
bbgoat
HJebat
gchowyh
plumberly
tbheng
guy3288
helob
McFD2R
BoomChaCha

Members want PIDM
bearbear
munkeyflo
Nostalgia
MNet
wodenus

Now we have 14 members, total RM 700K

Plan (my brain storm only)
(1) Consolidate at least RM 1 million fund from all participating members.

(2) Appoint representative to negotiate with the bank.

(3) As suggested by Warrior HJebat, after bank says OK, then representative generates and PM confidential code (for bank to recognize members' identities purpose) to each participating member so that members can place their FDs at special rate by submitting the code to the bank. Each member will get one unique code only.

(4) Members can place FDs in their local bank branches.

Any suggestions are very welcome..Thank You.

For the PMAi account, the 2.75%+1.25% (4%) is indeed a good rate for 4 months deposit but I was told if we withdraw the money right after the champaign period (on or after 1st August) before receiving the 1.25 bonus, we will not getting the 1.25% bonus. The 1.25% may not be paid immediately, can be 2 weeks later or in Sept 2014.
If the above info is true, then the effective rate will be lower than 4%.
We need some one who placed PMAi in the last champaign to confirm this info.

Yes, one May bank staff mentioned about cannot withdraw.. Then he asked me to
call 1300-88 6688 for more info...

Its better to have money and be unhappy than not to have money and be unhappy - Magika @21-3-2014

.................................

This post has been edited by christina1: Mar 21 2014, 05:36 PM

Thanks adolph for giving the BR FD rate list. I already posted into the #1 for everyone viewing

Wow. quote of the day !

It is better to be Happy without Money than Unhappy with Money ................

This post has been edited by bbgoat: Mar 21 2014, 03:16 PM

BCC re-emerges !

Boom Boom Boom ............

I am interested with this only if it is insured by PIDM. I am curious if we can place it with local bank, since each local bank has their own FD allocation. The centralized bank has to sent notification to each of the local bank to inform them of the special rate. I doubt they would do with only 1 mil allocated fund to push for this special rate.

Actually we'd probably need at least 2mil, but if he can do it with 1mil, so much the better for him

don't underestimate the "power" of BoomChaCha & Gang

It's from Maybank. Step up interest rates for FD with CASA requirement similar to Public Bank. You can just forget about it as the effective interest rate for FD is even lower than Public Bank.

How u guys move the money from one bank to another bank, for FD. I mean approx RM 50k? Using cheque?

Here is the Rewards & Bonus Campaign TnC:
http://www.maybank2u.com.my/WebBank/reward...s200314_tnc.pdf

I just briefly glanced thru it and I must say the TnC for the 1.25% additional bonus is so bloody complicated for any man in the street.
So many conditions to disqualify you from getting the 1.25%.

If one think he can just bring RM50k to Maybank tomorrow, open this PMAi account and earn 4%p.a, he will be disappointed. In fact he need more than RM50K.
The key terms in the TnC are Incremental Average Daily Balance (ADB) and Base-Line ADB. These two terms can deny depositors 1.25% bonus dividend if they are not careful.

I guess only the best brain here can have a good grasp of this campaign's TnC.

Over the counter IBG Giro before 12pm is the most cost effective.

Banks always try to get max profit, that's why always got complicated TnC

Thanks man!

i want to ask something ya. don't angry hor.
if let say hor, did anyone save in affin bank fixed deposit for 5 year before?
can i ask the rate they offered to you ah before walk in branch ahhhh...

since most of this active member always deposited and deposited de...

Actually online IBG is cheaper