[quote=Gen-X,Oct 23 2014, 12:58 PM]
Boy, you seem to be saying different things or maybe I really blur.

Like I said, I was just asking something which happened few years back. Maybe I never specify.

Again how to put box around someone's name? I try quoting, nothing happen.

Thanks for the post. Now I know how to do it.

Back to FD topic. Isn't it better for banks to keep existing customers than lose their customer to another bank? By renewing at promo rate for customers, better chances for customer to conrtinue keeping their money "locked in". That way, lesser chance for customer to remove the money and bring to another bank.

Eg.
I keep at bank A for 1 year at promo rate of 4%
Say after one year Base rate for bank A is 3.9%.
Bank B offering promo at 4%
Me being the customer better withdraw and put at bank B unless Bank A offer me promo rate at 4%.
So if they revert back to base rate, after 1 year, they lose 1 customer. If they continue with the current promo rate (1 year later promo rate), customer won't change. That is only one customer.

Just my two cent.


This post has been edited by Ramjade: Oct 23 2014, 08:57 PM

Few noob question :

1. What is the difference between banker's cheque and normal cheque?
2. How long does it takes to clear a banker cheque? (same day or extra few more days)?
3. If someone hold you at knife point and you have a banker's cheque, can they take your money? (I heard like banker's cheque is like blank cheque like that. Not sure true oe not)

Sorry for asking noob questions

How about security wise? (is it like a blank check - so if anyone hold you at knife point, that can write how much they want to withdraw from your account )

True or not? The above

So what happen if someone robbed you if the cheque? Will they be able to get the money?

oooo. OK thanks. cause some family memebers telling me don't use banker's cheque. Very dangerous. If they robbed you of the cheque, they can empty your account. They told us to use cash. Get people to follow you when withdrawing FD in cash so no chance people will rob you of your cash

All this while my FD, all I used cash.

Now I know that is not true. Thanks

Yup. That is what I meant

So usually when you all withdraw fd and put into another bank fd, the banker's cheque is under whose name? (your name or the receiving bank's name?)

Guys, not sure if this is true. But my mother said HLB 3.95% offer expired tomorrow. She said the person at the front told her that. Someone please confirmed it.

Correct me if I am wrong. Just take out the money, come back next day. Problem settle.

Is there a need to open account with them or have stupid CASA thing?

may I know what is the deal with the RHB BSA? This is for which promo?

Thank You

I thought there is an unknown RHB promo.

Affin bank CNY Promo min Rm10k until April 2015
1) 4.18% for 15 months casa 15% of money of FD
2) 4.28% for 18 months casa 10% of money of FD
3) 4.38% for 24 months no casa. Just normal account for them to deposit interest
(opening account Rm100)



This post has been edited by Ramjade: Nov 11 2014, 06:43 PM

No link. My mother went to the bank and found a brochure. It started since yesterday. Sorry no pic. She took the 3rd option cause is the most worthy promo.

All that was printed on the cert was 4.38% 24 months. Also subsequent FD placement of min Rm10k does not require opening any new account. Just one account is enough.

This post has been edited by Ramjade: Nov 11 2014, 07:25 PM

Thanks, Very sure. Cause my mother's FD cert put 24 months 4.38% Was hoping to give back some how.

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

Why?
Just put into the highest interest. Case settle right?

Just want to ask, I put affin 2-3 months back at board rate 3.7% for 1 year. Should I remove that and put into affin 4.38% and forfeit my 2-3 months of interest?