Hi, what's the interest rate they give on the balance in CASA? any idea?

my branch told me about this end-oct but they said upfront interest only for placements up to 6 mths. longer tenure no upfront pls tell me they are bull shitting me

This post has been edited by okuribito: Nov 12 2014, 08:31 PM

yup rhb win hands down. boss, can i suggest a list of banks that adj maturity to next working day & those who don't on your 1st post? afaik the good guys are br & uob. not so good guys mbb, ambank, rhb

hope others can confirm with their respective banks for this list ... in the spirit of maximisingreturn the ultra kiasu way

hahaha yeah, these are the banks that make you fight & beg for it. If BR & UOB can make that simple program change (if holiday, then goto next working day), I can't accept the others not doing the same. It's the honorable thing to do lah, why make ppl beg & fight for it? Or in the case of our general, threaten to complain to bnm

choice #1 - imho their rate advantage has been eroding recently to the point that there's no advantage anymore. The withdrawals, unless they are premature ones ie responding to bad news, were probably looking for better promo rates on maturity. It'd be interesting to see what would happen if say, they revise their 12mth rate to say 4.4% or say a 0.3% prem across the maturities over comm banks - will we shovel money into BR? What sort of premium will entice us?

choice #2 - hehehe nobody will report lehhhh if it's seen as condoning

awol but still passionately posting ... happy holidays

edit: as an afterthought, those wealthy ppl with 7 figure cash balances won't get PIDM protection then? Or perhaps they swim in different waters?

This post has been edited by okuribito: Nov 15 2014, 12:12 PM

hahaha aiseh no lar not issue of boycott. If you re-read, you'll see that I dun think the "mass withdrawals" were due to news of BR's "interesting" deals but due to better rates on promo elsewhere.

Instead, i was trying to survey what ppl here think is an acceptable premium that BR ought to offer over & above comm bank rates. maybe some of us may have tipped off their BR contacts about this thread & hence BR can see our wish list

btw any news on rhb's 3m 3.95% promo? Promo period 1 mth only? Aggressive

btw btw does anyone remember the finance companies of the 80s? a prominent one was supreme finance i was told

This post has been edited by okuribito: Nov 15 2014, 02:41 PM

hmmmm glad to know someone else also think this is not quite the right thing to do (on the bank's part lah) - either you pay everybody or you don't. This means that if ask/fight/beg, then only they give you - those who ignorant/dun ask, they dun give we should complain to bnm to make it standard for all banks ; if BR & UOB computer system can do it, everybody else should be able to

This post has been edited by okuribito: Nov 16 2014, 08:35 AM

hahaha drop specs (cantonese)

but fortunately not bad lah cos their savings rate 3.3% up to 50k but >50k 2.5% only ?? Ends up just short of 4% for 6m. Actually old promo 7/10 - 31/12 which i didn't know about

Update 17/11 - I stand corrected Called them & they say the savings acct is not the Cheeky acct (it's a trustee acct for children <17y.o.) but another one with only 2.25%pa. Means only 3.77% for the 6 mths



This post has been edited by okuribito: Nov 17 2014, 09:13 AM

wooohooooo awesome news

btw does anyone know how to be AmSignature customer?

hehehehe free means they absorb the 50rm tax also? how well they treat their priority customer - they snake cust of the non-working days interest or not? AFAIK, they dun do next working day maturity

>>koshka, all the good deals in post#2 in page 1. your few hundred thousand will introduce you better than any of us

This post has been edited by okuribito: Nov 18 2014, 02:54 PM

i tried also - recd sms but not email

notice this FAQ?


fuuuyooooh this is the most powerful 6 words i ever read in a FD promo

The medklinn supposed to be sent out by rgtplus, not ocbc. Let it go lah while u r at the bank, how about confirm with them the daily compound interest

Calling all BR kaki, chk ur mailboxes - br going upmarket

Ps: ummmm snail mail boxes

This post has been edited by okuribito: Nov 19 2014, 03:05 PM

On the run now. See my prev post

Edit. . leo, on ringgitplus promo regn page

This post has been edited by okuribito: Nov 19 2014, 04:37 PM

ur welcome leo. frankly, it smells too much of "hyper" marketing. hope u all get the medklinn, i could use one too

Regarding BR, my better half called me to say they sent a parking sticker & some membership card this morning - see the services they promise in the spoiler



no idea where their Service Center is but i hope they have one in the new HQ in b'fields. will solve my parking problems when i go eat my banana leaf & thosai there Anyone knows when they'll move over?

funny thing is due to the recent spate of promos, I definitely dun meet the criteria for this but what the heck - i hope they'll restore their premium over the commercial banks when my bullets mature next

hehe can save on petrol & parking though they are really way behind times - beriteks? astro lah with ch815 myself 8series & technically not qualified Now wait for the single or double digit members to report

good question brother. my guess is they won't even if ocbc tells them 200 oredi. why? RP probably gets some sort of commission per registration & probably bonus for successful sign-ups. And if u were OCBC would you tell them to say "200 reached oredi"?

whether u'll get the thing or not, heaven knows. hope u do

@bone, i'll bet the processing officers dun get any incentive & probably cursing why so much work suddenly

@gsc, if daily compounded eff rate will be 4.185% for the 1 year matrity

@mgm, the 410 is ocbc cost of funds (cheap la). RP probly barter with medklinn hehe discounted price 389 (& they surely still make profit) & probly get comm for loans/othe bank prods pushed

@plumber & magika, my branch tell me they no need manual intervention one wor - system clever one plumber, could it be your deposit was >12 mths, maybe 24 mths, in which case the system may not have been implemented yet when you deposited? hehe if 5 bucks, i'll also sakit hati cos can have chap fan oredi

edit - @goat, ooooh that means BR system only half clever la. thx for warning

This post has been edited by okuribito: Nov 20 2014, 04:20 PM

but ... but ... i think it's a good sign wor. now ppl shift gear into ultra kiasu maximise return mode, eye open big big oredi

when u mention Japan, I can't help but think about the scary shit situation they are in...

Learn from Japan’s tax folly and defer GST, says DAP lawmaker

and

have a look at their time deposit rates - they probably do all their trx online; at these rates, taking the subway to the bank might wipe out whatever interest earned

re: stanchart's priority banking offer, better to go for the hsbc one imho - making the choice is like being given gula gula to choose between the devil and the deep blue sea... i'll pass

ps: what's that ref to the 14 floor? dun get it

This post has been edited by okuribito: Nov 21 2014, 04:02 PM

when does this end? with the 6+6 3.83%+4.28% step up, they told me that only the principal is rolled over into the 2nd 6mths. I guess it's the same for this 3+3+3?