it would be better that you take 4.285% for 12 months and roll over 5 years, thereby giving you 4.6683% for 5 years, (hence, effective rate is 4.6683%.)

fyi, the effective rate for your 4.5% for 5 years is approx 4.1% (which incidently ties with BR 12 month rate of 4.1% and 60 months at 4.5%) assuming profit is credited annually and rolled.

of course, 4.5% for 15 months formulae cannot be used like your 5 year FD. hence, not 0.9.

in case for those who are mathematical savvy, the formulae is the Future value of the annuity for the 1st computation.

the formulae would be a simple NPV calculation from the arising cashflow for the 2nd computation.



This post has been edited by pearl_white: Aug 19 2015, 05:26 PM

I am very tempted to conclude there must be a reason why ppl cannot get 4.285%. TOHTHB

tsk tsk tsk. dont get upset when YOHYTB

You are the ones not getting any and running around for scraps.

When people are upset because the OTC staff can't see them when they are standing in front of the counter or cant hear them, they feel discriminated because they are not getting what they want.

In fact, they are not getting the respect. What is worst, they feel that they are entitled to special treatment.

Hence, these individuals would always ask for proof, not because they want you to prove what you say, they want use your proof so that they can screenshot it and print it out and take it to the bank and use it as "firepower" demand for their special rates.

These are also the same individuals who cannot fathom your explanation, maybe because they never paid attention in school, and hence resort to google, wiki, investpedia, to prove point. However, they do not realise, doing so means they are admitting being lame and blind. There is no conviction, no belief, just cut and paste.

You don't get what you want, YOHYTB.

Put in a little effort and improve rather than relying on "tongkat".

This post has been edited by pearl_white: Aug 21 2015, 10:18 AM

Looks like "just by giving a call", you got 0.15% extra. I wonder what rate you would have had if you went to see them face to face.

When people are sitting at the counter working and BR being very quiet at times and very government office like (hence they are bored), a good vendor comes in and cheers them up, makes them happy, praises them and joking around (joker) can really make the little extra difference to the rate you get.

I think you can get 0.035% extra if you did just that

A happy OTC staff and manager sure makes alot of difference. They go the extra mile "just" for you.

I did that, and got a good deal.

This post has been edited by pearl_white: Aug 21 2015, 03:53 PM

Maybank GIA-I FD Promotion

1st - 6th Months 4.00%pa
7th - 10th Months 4.50%pa
11th - 12th Months 6.00%pa

APR = 4.50%pa

Effective 1st October 2015 till 30th November 2015

Minimum retail/individual - rm10k
Minimum sme/business - rm25k

This is the better deal than I got from Bank Rakyat @ 4.285%.

This post has been edited by pearl_white: Oct 2 2015, 11:46 AM