can anyone recommend me an FD for 200K for 3 months only?

i have already checked first post earlier and yes i know we cannot get good rates for 3 months
which is why i posted to check if any forumers found anything new (like in the recent weeks or so) good deals for 3 months or less

when i think fixed deposits, i always want PIDM

that's like insurance with savings plan
add too many stuff just to confuse you and get less % in the end.

i rather keep the money in ASM and AS1M
the reason i wanted to put in FD is because i would be withdrawing it soon
and PNB funds you lose out a lot if you withdraw prematurely.


This post has been edited by Berkshire Breakaway: Mar 13 2014, 09:53 AM

hi guys, did not mean derail your thread but why do you guys like FD so much? i notice some of you all place for long term, 6 months - 2 years.

why not try PNB funds? such as AS1M? it is not PIDM guaranteed but it is far more secure than Bank Rakyat.

so if i have 100k in AS1M and i withdraw it to put into FD i am considered stupid right?
okay noted.

if you're bumi, you should dump into ASB.

This post has been edited by Berkshire Breakaway: Mar 13 2014, 01:17 PM

sorry if i came across as a weirdo, just trying to re-assure myself
sorry for using you i have about 300k in combination of ASM, ASW2020 and AS1M - now contemplating if i could withdraw it all and keep it in 3 month's FD cause i might buy a property in a few months.

i have 5 credit cards
i managed to waive all my GST charges for this year
3 cards with bank X
1 with bank y
and 2 with bank z

no, not really that big of a spender.
as you can have guessed i am a big fan of getting free perks and free gifts (including $$$) via credit cards.
i try to make most of my purchases via credit card UNLESS i get the cheaper by paying cash.
i stretch my payments up to 24 months via 0% easy payments.
the vacuum cleaners, microwave oven, prosumer camera, air purifier and even the rug is earned via free gifts.
to me there is nothing free in this world. the free gifts also, i earned for it and it is the bank's way rewarding me.
i would use the banks cards as long as they give me the highest perks.

hence my signature...

also you don't always need to threaten the banks. it is not nice. we are nice people. we say the magic word "please"
like my case, i just present the points, why they should give me something free and they usually do.
i would explain to them how much business they will lose and how stupid they would be if they don't give such a small rebate of 500 for example.

This post has been edited by Berkshire Breakaway: Mar 17 2014, 02:37 PM

yes, like i already mentioned, nothing is free
my interpretation is i get these free gift in return for the money they make out of being a good customer (not really the time i spend on the phone getting the stuff) they don't please me i leave

let's talk more on that statement of yours in bold above
in case you had an impression that i write a short essay and try to appeal/convince to them to give me free stuff, then i wish to correct you that that is not the case. nowadays banks have partially good reporting systems that can instantly verify your claims. you just need to tell them within a 5 minute call.

is this 5 minutes too much for you? i think opening a fixed deposit accounts, parking your car, looking thru offers from all banks, trying to convince them to give a better FD rate takes more time. even the online FD application, you need to look thru and cannot do it within 1 minute.

but you may be right, everyone has their manday rate. convert your manday rate to $ per minute rate. do you earn more money or spend more worth it quality time than the amount you save? if you earn RM20 per minute then you are right. i am sorry to say i earn less than rm20 a minute. i really don't mind spending 5 minutes per request (imagine the hours you're stuck in the traffic jam) and use that money to improve the quality of my life. i want to save more time, but i would rather focus on reducing the amount of time i get stuck in a jam instead. (being pound wise)

first of all if you read from my reply, most banks do not have "such a wonderful system". if they do they would call you and give gifts to the top and most profitable customers and i of course might not be one of them as they would pick up that i am only after freebies. my point is, if you read again, you did indirectly hint that the time of your life is not worth the free gifts to which i pointed that the reporting systems are pretty good and you only take 5 minutes and not like 30 minutes.

anyway, you do have your priorities and have some very good points but you're mixing up with your time is money analogy here.
regardless if you're gonna be dead in 30 years or 50 years, time is time and it is valuable.
but you have to use fair judgment, unless you're dying in 3 years, you can always selectively spend some less significant amount of time like 5 minutes (which you can easily waste doing other stuff by accident)

again, i presume you're still working. the precious time of your life “wasted” working, how long do you have to work to earn a free microwave oven? you have a far judgment on what is worth it and what is not right? an every one's scale is different. there must be a balance. this is what i meant by your manday rate.

i earn a microwave faster than talking to customer service sometimes than 5 minutes working. can i buy hundreds of microwaves by doing it repeatedly? no, it is not like your job where you work 8 hours. but my point is, the 5 minutes is justifiable.

just like how you spend 5 minutes to track coupons for sale the next time you goto the store.
i do agree with your points of wasting the time of the customer service - to be frank i enjoy talking to them and they seem happy to me (although they may not) so i don't really care.

i checked on it this morning as well
it looks like one the mod has removed the post (an possible banning the user)

queue up for ASW2020 lah...

yes this is correct. this is what the information from PIDM mentions.
davinz18 should get his facts right before flaunting his knowledge.