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 Fixed Deposit Rates in Malaysia V5

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victorian
post Jan 27 2014, 07:17 PM

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Hi what do you guys think of Fixed Deposit? Yes the returns might be low but it is a guaranteed investment. Or should I go for other means of investment ?
victorian
post Jan 27 2014, 07:40 PM

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QUOTE(RO Player @ Jan 27 2014, 07:37 PM)
Right now, better opt for low risks investment I.e fixed deposit, prefer compounded monthly int.
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Lets say 3.8 interest rate. You invest Rm 10,000. Thats Rm 380 per annum, which equals to RM 30 per month. Ain't that a bit little sweat.gif
victorian
post Feb 5 2014, 08:47 PM

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The mach by RHB FD is only for 6 months? Once it exceeds 6 months I won't get any more interest?
victorian
post Feb 11 2014, 01:49 PM

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Anyone know about Alliance's Bank Elite Wealth Savers account?
victorian
post Feb 28 2014, 09:56 PM

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Just placed 5k funds into Mach FD. The promo ends today
victorian
post Mar 5 2014, 12:27 AM

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QUOTE(BoomChaCha @ Mar 5 2014, 12:03 AM)
I have been thinking about this idea for quite some time ago, I did not speak it out until
now because it sounds silly and impossible. This is my imagination:

Since we have many FD depositors here, do you guys think it is possible if we run a group
deposit to bargain for a better FD rate with BR or other banks?

After confirm the number of depositors who will participate in this campaign, and also confirm
the total amount of money, then we send one representative to talk to the bank.

To protect our privacy, if we meet in bank office, we do not reveal our user ID to each other.
But we will try not to meet each other.

We also can negotiate with the bank HQ, we say that we have this amount of money to place
FD in their branches nationwide.

Or members in one area can target in one particular branch in that area.

For sensitive and confidential matters, we can use PM to communicate to avoid kidnapping or robbery.

For our safety purpose, new registered Lowyat members (or members below 300 post count) will not be entertained..

Or we select active and trustworthy members to participate this campaign only.

Possible..or impossible?  hmm.gif
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Kinda hard to get everyone together Bro. Even with such big funds, the nego rate won't differ much and it's really dangerous when you are sharing such a big amount with so many people.
victorian
post Mar 5 2014, 09:28 PM

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How do the top players withdraw their money from the bank once their FD has matured. Wouldn't it be dangerous?

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