That guy doing sales for commercial deposits. Go talk to any UOB commercial person also they can offer you very competitive rates for all tenures including existing funds.

This post has been edited by Gen-X: Nov 14 2014, 04:53 PM

Hi bro, T&C = must be fresh funds (which is from others bank).

Also if NTB (New-To-Bank) = must open current account and FD account to place your placement.

This post has been edited by nubJeff: Nov 14 2014, 04:51 PM

Hi bro, commercial deposits what rates you can get in market right now for 3 months ya? Since you saying others also can offer better

Bro, like I said, you are suppose to sell your product at Service Noticeboard.

And why would any one want to deal with someone they don't know. Just walk into any UOB Bank branch nearest to you and request to talk to the commercial banking personnel, best to deal with the Senior Vice President who has Direct Access to UOB Director and can get approval within minutes.

And like gsc said, what is UOB policy on secretive marketing? State you name, rank and branch lah.

This post has been edited by Gen-X: Nov 14 2014, 05:00 PM

Cannot be bothered with the 250k limits lah. Unless want to open tons of accounts. Sure Captain/General must have this in mind.

This post has been edited by bbgoat: Nov 14 2014, 05:11 PM

I sure lah, you know damn kiasu one. You on the other hand not bothered lah with limit because you got BR for those above RM250K deposits

or government coffers empty liow,..

BR is small portion of my portfolio. Do not want Rakyat's money, just in case. Have been pulling out from BR due to rates not that good. Figure maybe 250k or something like that is fair figure, hahaha !

I kiasi also.

This post has been edited by bbgoat: Nov 14 2014, 05:21 PM

I think there will be more good things to come from BR. One of their staff called me just now. It seems they are having a post mortem on their dropping deposits ( cause bbgoat withdraw) . Their enquiry based on how much other banks seem to be offering to enticed our mass withdrawal.

Sure their big depositor (you know who, not me) also withdrawing.

That will be good. You should mention their nego rate as one of their attraction, no banker's cheque etc. No one called me .................. Small depositor.

I think this depends on which staff serves you, some are professional and some are bad.
I do not like the service in one particular AM Bank branch and another RHB branch.

About OCBC, I had an experience that when I wanted to close my Premier Save Gold account,
the customer service leng chai with nice blue dress suit was grumbling to me and he said like this to
me: "You opened this account only 3 months? Now you want to close it? You give me work to do..?"
---- Was he Rude or not..?

Affin Bank charge RM 5 for Rentas (was RM 9 not long ago), and charge RM 2 for IBG.

I guess Rentas fee is RM 5 standard for all banks now.

This post has been edited by BoomChaCha: Nov 14 2014, 08:34 PM

Welcome back again to this forum.. .Jeff

Yes, 3.80% for 3 months is quite competitive, but it ranks second best lah so far.. .. because
RHB offers up to 3.95% for 3 months as just reported by our 5 Stars Admiral & Captain...

Banks that pay interest for non-working days
OCBC
Bank Rakyat
UOB
May Bank (Need to remind May bank staff to add interest)

Banks that do not pay interest for non-working days
Am Bank
RHB
Standard & Chartered Bank

Bank that non-voluntary credit interest unless appeal
Public Bank (Need to complain to BNM then only pay interest)

This post has been edited by BoomChaCha: Nov 14 2014, 08:55 PM

This is what I heard from the front desk workers. >Rm250k, split it into 2 certs to get protected by PIDM

PIDM protection is based on one account per bank. Conventional and Islamic is considered as 2 banks though.

RHB online has this Online IBFT @ 80sen only for real time immediate interbank fund transfer.
The cheapest real time online interbank fund transfer as far as I'm concerned.

Not so much acct based. It is on per person or individual account in the particular bank.

CIMB online also has this IBFT "instant transfer" feature. Cost RM 2. RHB one is really cheap. Though have these 2 banks acct but never try this IBFT feature.

This post has been edited by bbgoat: Nov 15 2014, 09:03 AM

That is not true. It's max RM250K per account. Go google PIDM and read the examples in PIDM website.

For examples - RM250K limit for following

Your Savings Account in your name - RM250K
Your FD Account in your name - RM250K
Your Savings Account joint with your Mother - RM250K
Your FD Account joint with your mother - RM250K
Your mother, father and you joint FD Account - RM250K

However please note above is per account per bank. Say you have two Savings Account in your name with Maybank at 2 different branches and both having RM250K deposited, i.e. total RM500K in Savings Accounts in your name with Maybank. The total covered is still only RM250K for the 2 Savings Accounts with Maybank.

And since I damn free, I go get sample for you: PIDM example

This post has been edited by Gen-X: Nov 15 2014, 02:01 AM

Instead of:
"It's max RM250K per account"

I think more accurate term will be RM250k protection per individual or entity (company account) in particular bank. Not account based.

Below copied from the link by Captain (PIDM pdf file):
The RM250,000 deposit insurance limit is applicable per depositor per member bank

This post has been edited by bbgoat: Nov 15 2014, 09:10 AM

Its aptly described . I concur

There was some debate back then as the example shown only muddled matters.

Just spread it around as without PIDM = no wonder no nego rate

wow...ini champion!

Well, for personal banking, I rarely interact with any bank staff except for account opening and closing, nowadays everything online or at most call Customer Service for issues.

My interactions mostly with corporate banking

Bro click on the PIDM link and see sample, it is per account type plus you get additional if joint account. Therefore adding to your sentence:


RM250k protection for each type of account per individual and joint names in a particular bank.

Did I get it right?

Bro, here is a food for thought:

BR offer higher rates than commercial banks to attract depositors (who go depositing with them knowing that their money is guaranteed by the Rakyat) so that they can then loan (Personal Loan) to civil servants (who are finding hard to cope with their low salary, especially those who are non-graduates) at exorbitant rate thus making them lots of money. They then give FREE money (32 million but there are reports he was loaned close to a quarter billion), to one individual (maybe more, I don't know, but what's your guess) and he only needs to pay back over a specific period without any cost to him. By then inflation would have taken place and what BR gets back is worth less than what they given out in the first place.

Well, with the above info, one has two choices:

1. Do not condone BR's action (to be specific - powerful people behind the scene) and thus would not support BR (which may explain the case of the mass withdrawal) even if they offer higher rates; OR
2. If you can't beat them, join them, (whomever reports here in the future they depositing with BR), hahaha


Bro, see post#1, added FDMCGC list. Ramjade, you are in

This post has been edited by Gen-X: Nov 15 2014, 11:37 AM