PR with BM of coz. And also significant deposit

No illegal deposit taking as each individual will go to the Bank to perform your own FD with given a special "preferential FD rate"

This is a very good question.

In fact, participating members will place FD by themselves in one of their desired local bank
branches.

Each participating member will receive one unique code via PM from the representative, and
participating members will use this unique code to get a special FD rate from the local bank.

Our representative will submit all unique codes to the bank HQ to identify our participating
members.

All members' privacy will be 100% protected.

Thank you very much for your comment and concern... 
Please let me know if I am not answering to your question.
You further questions are more than welcome..

Thanks guys, wonder if this sort of campaign being actually done before ?

Actually have some excess funds now but wondering if I should use it to pay off my housing loan or place in FD

I believe this is the first time of Group FD Campaign ever launched in Malaysia.
Definitely to use your money to pay off housing loan first.

No illegal deposit taking as each individual will go to the Bank to perform your own FD with given a special "preferential FD rate"

I did not receive any letter. But when I was there in late January, they mentioned there was a change of the FD plan. But they said no need to change the FD cert (auto renew). So should be OK. 

pls post the BR letter here

Not really...depends how you look at it..

if you are an investor....stretch as many years as possible..take loan say 30 to 35 years as possible...

prices of house..up approx 8 to 10%...but (2009/10 to 2012/13) up approx 10 to 15%/year.. (below graph)



link

Sell your properties with a profit after 5 years (ideal) to 7 years holding...

i) you save on the interest costs by the bank
ii) no RPGT tax after 5 years
iii) no penalty from bank
iv) profit from these sub sales can be used to buy another house..for 50 to 70%..
v) other properties either hold & rent out..
As for me, i sold my condo, for approx RM200k profit.. in which i invested into other properties in other state..

As I know, no such thing has been happened like this so far.
Will the bank entertain..? We do not know la..
But if we do not try, then we do not know.

If this project fails, we have nothing to lose ma..

That's why we ask participating members to carry on their own FD plans,
but not to hold their monies to wait for this Group FD plan.

Thank you for your comment.. 

that is what i mean by 1 month 3% first. then transfer the money to the group FD plan.

Get Top Goat is much better la.. 

Hi BoomChaCha, I had asked about your FD placement from UOB. I can do the best for you 12 mths for 3.57%, haha..how much the affin bank offering right now?

Why you don't want leh?

Since i have talk to Affin BM, for deposit up to 500k, they can give 3.65%

Anything from 500k to 1m, probably will get 3.70% at most..

wat rate is u offering? with PIDM.I chip in 200k

I dont think i can do it..   kinda tight..even last depo with them...i managed to put <100k without any nego +0.05% which not worth the try plus i got some gifts..
Maybe last min, UOB suddenly offer you guys...3.67 to 3.77%.

Warrior, I think we need to delegate job responsibilities la..
Another reason is because I started this, may be it is a bit sensitive in some issues..
But let us accumulate money first, we figure out this issue later..

FD Fantastic 6 Campaign

Grab your sweet treat up to 4.56% p.a. for FD "Fantastic 6" from 24 February till 24 April 2014. What you have to do is just place a minimum deposit of RM10, 000 for individual or RM25,000 for SME/Business Banking customers. Offer is open to Conventional and Islamic Banking customers.

How do you do the placement?

Please visit any Maybank Branches for more details and if you are existing Private Banking Centre customers, please contact your Relationship Banker.

For more information on Private Banking Account-i, please click Private Banking Account-i

Tenure
* Promotional Rates
Effective Rate
Prevailing Board Rate
1st - 2nd Month 3.00% p.a. 3.35% p.a.
3.10% p.a.
3rd - 4th Month
3.15% p.a. 3.35% p.a.
3.10% p.a.
5th Month
3.24% p.a.
3.35% p.a. 3.10% p.a.
6th Month 4.56% p.a. 3.35% p.a. 3.10% p.a.

Disclaimer
Maybank Islamic reserves the right at it absolute sole discretion to vary, supplement, delete, amend or modify any of these Terms and Conditions from time to time by giving 21 days prior notice. The notice setting out the variation, supplemental, deletion, amendments or modification, as the case may be to these Terms and Conditions and the new varied amended, supplemented and modified Terms and Conditions shall be posted on the www.maybank2u.com or by any other mode of publication.

But we do not know if our plan will success or not?
So I suggest you to place your FD based on your own plan first.

When time to come to place group FD, we will inform you, if you are not ready
at that time, then it is okay. Maybe be you can make it in round 2 of group FD plan.

Do you want to participate? Do you want PIDM or no PIDM?

i got these from MBB website..under latest promotion. btw    where you get your info from? which intel..

In BCC we trust

Since we're going to deposit our own FD, what sensitive issues are you implying?

own plan first= eFD

1 month only ma, all can wait for everyone to wait for this group FD