Bro, you are forgetting that if 100K opt for 3.15%, the banks earn extra free rm83300 just like that. They are richer by rm83300. No need to work hard (give higher interest to attract more customers) and reached target easily.

100k people who put efd at 3.15%

Bodybuilder? What do you mean? Well if more people follow my footsteps, banks will have to give better rates. You want better rates don't you?

Haha... If I am on scholarship by ambank, I will not recommend affin bank last time, nor will I acknowledge that mbsb is the best for long term nor will I recommend maybank Islamic efd for 1 month. Rest assures if there is a bank SA better than Truesavers, I will not hesitate to jump ship. Remember my loyalty is to the numbers in my bank account NOT THE bank! I am a supporter of which bank is able to give me the best rates.

This post has been edited by Ramjade: Oct 23 2015, 03:09 PM

Well it might. We never know. Say 100K people respectively close efd with ambank, cimb and put with Maybank Islamic efd, those other banks need money. They will be wondering why 100k people left them. After doing research they will know the no of them jump ship to maybank. So they might offer better rates or same rates as maybank Islamic efd. That way, we have more choice to choose from.

Remember banks have quota to meet. If cimb, ambank lose 100K customers respectively to maybank, they are in deep trouble.

This post has been edited by Ramjade: Oct 23 2015, 02:56 PM

Bro is efd. One does not need to drive to the bank. So I don't think there's much decision involved. Unless of course if one does Not have a m2u accoubt. Then is different story

Cause ocbc does not have ibft. Only ibg. Do not move any money out or else your interest will drop to 0.5%

Oh yeah. They have. My mistake. I just check the news

Cimb is rm50k then you become preferred customer. There are few "levels" one can upgrade. But the general level is >RM250k to qualify.

Some depend on amount of loans with them, some depend on how much you spend on with their credit card.

This post has been edited by Ramjade: Oct 24 2015, 08:49 AM

Nope. No joke. That's cimb. Is like economy class of business class, then first class of business class and finally business class of the business class. kalau tak salah, cimb ada 3 level, preferred customre (yg paling bawa), priority customer and private customer

Fastest way to become hnwi with them is dump >RM250k into any bank, automatically you become vip customer. Tak perlu beli product mereka. Dari beli product mereka dan kena charge tax for it lebih baik diy sendiri guna fsm.

There you go. That's the answer.


Really I thought to become hnwi one will have to have a minimum of rm1m with the bank?

Ah SiAnG, sorry. Misinterpreted. Well I was closed wasn't I?
Rm50k, RM250k.

This post has been edited by Ramjade: Oct 24 2015, 10:27 AM

Well I was close for cimb. Rm50k, RM250k. Just got my names mixed up.

My mistake. I think i will keep quiet next time.

My fault there. I thought hnwi = priority customer. Didn't know how much it is. Some people just want to be priority customer. So to be a priority customer, (not hnwi) one just needs to dump >RM250k into the bank

Maybe should show him amount inside bank account or amount inside the laptop bag until his eyes become round and apologise.

Depends on how long you want to lock it up for and your age. If you are above 50, some banks will give you monthly interest which you can further put somewhere else to boost your effective rates (the returns you are suppose to get)

Since you have rm10k, DO NOT OPT for bank's board rates. Go for their promo rates. You stand to gain min 0.5% compare to if you put at board rates. For what you want to give the bank free 0.5%?

This post has been edited by Ramjade: Oct 25 2015, 01:52 PM

No promo rate. Unless you damn rich. Cimb efd can get 3.7 (only for very rich customers)

If not rich but have >=rm5000, choose maybank Islamic efd which give 3.25%

If only have rm1000-rm4999.99 can choose ambank Islamic efd which give 3.15% (minimum amount required is rm1000). There are other banks which allow rm1000 efd for a month. But forgot which bank it was.

sandkoh Must make sure people don't give free money to banks. Banks become richer, common people like us become poorer

This post has been edited by Ramjade: Oct 25 2015, 02:10 PM

Hey this time I give correct info ok.

Well 2 months FD promo is the closest.

You are right. I only saw 2 months for 3.7%. Miss that one out. I am wrong again.

cklimm
Then either you stick with Maybank 3.25% or ambank 3.15 or do like what wil-i-am does. Dump into ASX FP this coming 31st or 1st. Withdraw one month later. Any deposit after the 1st not counted. Must hold until that month ends. Can only withdraw the following month. Good side is no need rm100k can earn 6.X%. Rm1000 also can. 1 month interest of 6.X% but you need to wait ~1 year to get that interest. If you have the book, can do it online. Just pay I think rm1.06 regardless how much is the amount. But to withdraw need to go to bank.

For 1 month efd, better choose those real efd. No need to waste petrol.

This post has been edited by Ramjade: Oct 25 2015, 05:15 PM