You have been posting here very often from the start of this thread (but I must add most of them are not useful/beneficial to FD Promos chasers but general statements only) and you did not read my post on Oct 29? Bro, I did add you to the member list on Oct 29 and I hope you can contribute useful comments instead of posting general statements from now on.

This post has been edited by Gen-X: Nov 7 2014, 10:22 PM

OT, no need be sorry, noted you are new to this forum so I thought I point out to you not to post unnecessarily - e.g. what I am doing now has nothing to do with FD and is called spamming! And I get 1 extra post count for it, hahahaha.

I don't know if you been reading all the posts here, the other day a guy came and said this is a Chat Room! hahahaha And I can understand why - because so many of us treat this thread like kopitiam. Very good example V6 which only had few pages but filled with spams and subsequently closed by MOD.

Seriously, if we don't have anything to contribute related to FD, don't post. because it makes the thread longer and more pages. The thread also becomes longer when people do not combine posts or edit or cut and paste comments. And people are very lazy to read last few pages (e.g. you missed my post on Oct 29) and valuable info is then not read and also result in people asking the same thing over and over again.

magika - what you call this - wannabe what? hahaha

This post has been edited by Gen-X: Nov 7 2014, 11:00 PM

I better not go OT too often by trying to be wannabe what? Else MOD will give me warning, haha

Yes, the RHB 4.15% 9 months unbelievable and my doubts are gone since we now got proof by dagdag1 - not to say I don't believe you bbgoat but a picture is worth a thousand words.

I do have FDs maturing end of this month and the RHB 9 months Promo just nice but I am leaving next week so it will be auto renewed at board rates With me flying off every month, really screw up my Musical Chair tempo. Previously got few certs auto renewed at board rates because I was not around (and actually forgot about it even tho I get statements every month, hahaha). This month smarter a bit, went to see my RM and sign the the necessary forms to instruct that the FDs be renewed for 1 month, so next month I come back only go chase after FD promos again.

Another good thing about EPF - if possible, pay yourself max if you own the company or if you are a salaryman, talk to your boss instead of increment/pay rise, ask it to be paid in the form of EPF contribution and you will save yourself some income tax (which will accumulate to lots in the long run) besides getting good interest rates/dividend.

This post has been edited by Gen-X: Nov 8 2014, 05:40 PM

Bro I never doubted you but the guy who sms you. I added the promo to Post#1 (your quote) even before the photo was shared.

Bro, you are certainly right about writing the cheque, problem is I don't have current account with the bank the FD is maturing. And I'll be away for about a month and the FD only due end of this month, don't know what promo got that time. And I don't trust my RHB RM to get things done, hahaha. Also next month all my children back here, want go make them open FD accounts in several banks and use the funds to deposit.

As for the Max EPF amount I don't know and that's not what I meant. What I meant was instead of paying the standard contribution rate, pay more. What's the standard rate now? I also don't know since no more working for 4 years.

And actually if one owns the company, he should be paying his non working father, mother, wife, children above 18 years old (and mistresses too where applicable) salary of RM4K/month (next year that is the amount one will not need to pay income tax) and maximum EPF contribution and save himself 24% tax (next year or is it still 25% for company? can't remember budget speech) which is way better than FD interest rate, hahahaha

This post has been edited by Gen-X: Nov 8 2014, 06:31 PM

Previously, we can get tax rebate from IRB for dividends but no more for this year's dividend as now tier 1. So we don't really save on company tax right.

However, directors remuneration are still tax deductible (reclassify your director monthly salary to yearly remuneration if your auditor really troublesome - or just change auditor). And why would the auditors query, you doing nothing wrong. Even if a director is not "working" he/she is still liable for the company affairs and all will be fined if accounts not submitted in time. As for IRB, make sure each of the sleeping directors submit BE form even if don't need to pay tax. But better pay a little bit lah which is much lower than 25%.

Even if IRB goes and audit your company, as long as your accounts are in order and pay as per your estimate (don't under declare, actually over declare a bit so no need to worry about 65% penalty) and you can justify all expenses plus also you and your family members not using company registered cars for personal usage, nothing to worry about. However, if IRB investigate your company, different story and big hassle.

Putting company funds in FD, interest are taxable yearly; so yes, declaring dividends and then place in FD under personal name is best since it is tax free for life

But now got company mah fan lah, got GST on the way and can go to jail if try to cheat tax.

This post has been edited by Gen-X: Nov 9 2014, 01:34 AM

RHB will give you a piece of paper confirming the FD placement on the spot.

Yes, yes, Ramjade's post this time is really valuable to FD Promo chasers and it's current and not something that happened 2 years back. Wah, the promo runs for 6 months? Bro, you sure this is not 2014 CNY promo right, hahaha

Ramjade, you are now an official member of FDMCGC Will update Post#1 giving credit to you

Bro, you keep posting the same thing over and over again.

And why MODs here never tell you that what you are doing should be posted at Service Noticeboard

More and more new promos - thanks for the report, will update Post#1

Yes, same day and paper confirming FD placement issued on the spot.

To ALL:

I just published another article titled A Little Bit Of This and A Little Bit Of That Vol.1 Chapter VI where one of the subject is about me going overseas and as such can't use funds from the maturing FD to go place with another FD Promo. And another subject specifically targeted to those of you who have attained "Chiak Bui Liow" status.

gsc has said that I can still chase after FD Promo by giving instruction to the bank to have the mature FD Principal plus interest to be credited into my current account. And at the same time, I write a cheque to the other bank instructing them to place the fund into a FD Promo on a specific date. But, unfortunately, I don't have a current account with the bank my FD which is maturing.

Anyway, in my article, I mentioned that from now on I shall instruct all my new FDs to be auto renewed for one month instead of previously for same tenure.

Not too bad for those who are willing to go with 15 months. Bur RHB 9 months still better. Thanks Bro. Will update Post No.1.

Bro, for MBB, the cert may not state the next working day as maturity date unlike UOB and OCBC which are statement based and sometimes for 1 year tenure it can be 364 days. But this does not mean MBB won't pay you interest for the non-working days, i.e. your cert date in on a Saturday and you only can go to the bank on Monday, therefore MBB will still pay you the 2 days interest.

Admiral BoomChaCha, I going AWOL, you decide if you want to take up the proposal.

Admiral Sir, soon I won't be updating Post#1 or posting for few weeks because I going Absent Without Official Leave, i.e. not getting your approval.

As for the proposal, okuribito suggested that we list the banks that pays interest for non-working days where we are unable to withdraw our FD. See his quote below:


So Sir, okuribito's suggestion is up for your consideration and implementation.

This post has been edited by Gen-X: Nov 13 2014, 10:08 PM

Admiral Sir, below was what. I reported earlier.

As far as I know, MBB do pay interest for the non-working days if you go uplift on the next following day. However, the teller may not include this extra days interest if system not shown. So, what you should do is ask him/her to refer to the officer and they will adjust it.

As for Public Bank, I have repeated several time that they will try to cheat us. Only after I met with the Service Manager (teller and officer insisted I be penalized as shown in their system!) and requested her to refer to HQ or else I will complain to BNM, only she called HQ and then PBB only paid me the interest for the non-working days.

hahaha, you point out the "Key Phrases" for me, over time I can do an Index. What dirty words you talking about? It's part of the human anatomy! hahaha

Yes, decided from now on will instruct all new FDs to be auto renewed for a month.

RENTAS also got cut-off time but I don't know what time because I prefer to get bankers cheque. The best just go to the bank in the morning and complete either RENTAS or IBG before 12.30pm, guaranteed money will be credited same day.

You're the man

You're my hero man

You are now Head of Action Committee which fight for rights of small guys against the big boys.

To ALL:

I received a SMS from RHB today but did not bother to go see my RM and the tellers don't know about the promo:

Enjoy Interest Rate up to 3.95% p.a. for our 3-month FD today! For info, please contact your relationship manager. T&C apply.

hahahaha, this is really funny.

But what you say is true, some get charge for IBG and my hero pays nothing for RENTAS.

And then some have to call their BR branch to have the monthly interest credited into their account!!

And with the fake gold fiasco where BR lost tens of millions and 0% interest loan to carpet man worth hundred of millions (which BR had to cover their ass by putting out a statement that Islamic Banking got no interest charges!!!), many still have full confidence in the co-op bank.

And to answer your question, not on their behalf, greed makes them blind PLUS their money is guaranteed by the Rakyat.

This post has been edited by Gen-X: Nov 14 2014, 02:26 PM

Aiyah, I thought you rich guys depositing with BR will highlight one very important point but did not:

Commercial and Foreign Bank with PIDM only up to RM250K per account type of your money is "guaranteed". So very troublesome go open many accounts with same bank and other banks.

BR - money guaranteed by the Rakyat, deposit RM100M also secured!

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

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

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,..