Wah, BCC has mental distress ka?

OK la, stop bugging you. Let's sing out loud "I Feel Good" by James Brown together, shall we?

Which branch is that? They didn't increase for me last time, say dunno how many m only can

Take it easy, Boss Cha Cha. If it works out, it will work out.

Oh, I see ................... Under stress now

You see, we are all behind you.

Lets Cha Cha away any stress ...................

The 8.88% is a 12 months step up rate and only the 12th month gets 8.88%. Effective rate is nothing to shout about.
By the way, why mod perma ban your smsbusiness2u user name ?

R u guys planning on a group bulk Fd in search of better rate?
Mind if I ask a few questions regarding this?
1) would the account registered under 1 name or all that had participate
2) is the account require authorization from 1 name or it require 2 or more signatory to operate?
3) which bank u would probably place the Fd?

Had a few Fd maturing around early April, it sound like a good idea so please do brief me more. The current rate isn't really high compare to last year.

This post has been edited by TheEvilMan: Mar 27 2014, 10:21 AM

nowadays mostly involved CASA, ratio 80:20, 90:10 u name it

effective rate running from 3.4 to 3.55 i guess

don't really like these type of FD, the rate might be higher but some ppl tend to forget about the amount they place in account and not doing anything about it after it been released.

Our ship will become straight automatically when reaching the bridge head..
See one step then move forward one step first la...

Ha ha, Chinese proverb, well said !

Yes, we are planning to gather a big fund from all participating members so that we
can negotiate better FD rates with the banks.

To answer to your questions:
(1) With a unique code for each member, each member will go to the bank to place FD by themselves.
There is no such thing we will pass our monies to one member to place FD for us.
Each participating will have a fully control of their monies, they can even cancel and not to participate our plan, and no questions will be asked.

(2) Participating members just need to use the unique codes to identify themselves to the bank so that they can get the special FD rate from the bank. So it is up to the participating members whether if they want to have a single name or joint name on their FD account. Participating members can use their existing FD account to place this special rate FD.

(3) We do not know yet. But we have short listed Bank Rakyat and Affin Bank.


Let me brief you our plan:
(1) Consolidate a big fund first

(2) Talk to the bank.

(3) If the bank says ok, then one of our participating members will generate and PM confidential unique codes to each participating member. Then submit these codes to the bank so the bank can
identify us.

(4) We will not reveal the special rate and unique codes in public to avoid unnecessary problem. We will PM special FD rate and unique codes to each participating member only.

(5) Participating members go to the local bank, submit their unique code to get special rate, then place FD just as usual.

(6) All participating members' privacy are 100% protected.

(7) We use unique code because we do not want to explore our identities.

We will improve our planning and procedures little by little..

Please let me know if I am not answering to your questions.
You further questions are very welcome..

Yea u answer most of my doubts
How will the bank quote their rate? According to the lump sum of all participant or quote before we participate?
Please update me the rate if it's nice i might take some of my FD which will mature early April and place under this, do they do things like CASA or it's just a normal 12months FD?

Wow, detailed replied by Boom FD CEO/ PR Director !

PBB had one too.. went there, quite fun. Got practically the same thing, lots of stuff I don't use

Today received the letter. Anyone can explain ?

This post has been edited by bbgoat: Mar 27 2014, 06:50 PM

sure!
6 months n shorter= non pidm
6 months n longer= pidm

I feel good,
I knew that I would now...
I feel nice,
Like sugar and spice...

Haha, maybe MAY UOB will come out new FD campaign again..

If the rate is very attractive, I might even be able to persuade my parents to part with their money to open the account together.

We appreciate your interest in participating our Group FD Campaign. However, we are unable to
get you an approval to participate our Group FD Campaign at this time and this is due to one of
the reasons your low post counts do not meet our requirement.

We apologize for the inconvenience that may cause you.

No worries mate