Yeap I know. =)


This post has been edited by Avangelice: Nov 3 2015, 10:49 PM

hi, in my opinion maybank 12 month 4.5% should be remove from this thread.
although u stated tat it's not protected by pidm, but it's still misleading.
since Maybank used the work Term Fund Investment Product instead of Term Deposit which already mean tat it's just does not belong to this thread.
just my opinion

Actually it's partially bank's fault that they are looking desperately looking for deposits.

If they didn't renew FD at board rates, but instead renew at promo rates, I wonder how many people will uplift and run away with their money to another bank?

I bet is lesser unless the other bank rates really good.

Actually, there are lots of people who just leave their money in FD and don't bother or do not have the time to go check on them most of the time. just let them roll over. I can count many among people I know. Of course, we have the other category of depositors (eg readers of this thread) who play the game of musical chair.

So bank strategy - renew at board rate for 1 category and promo rate for musical chair players.

True. Cause I saw some Unker and aunties before asking HLB for Fd and agree to put at miserable rates. I was withdrawing my money that time to put at affin FD. Lol. Was thinking of telling them why stay with kiamsap bank when other bank give better rates. Didn't bother as might cause problem with bank people.

But imagine people like Unker goat. If they give him promo rate at 4.35% promo rate, I don't think he is moving. By not moving, Banks don't need to find new funds for the 6-digit amount. Well unless he is moving for "eye exercise"

U fail to realize some depositors have sentimental value with banks

Uncle, student or HNWS, whatever !

I think your thinking is too simplistic : Don't give free money to the banks !

Why humans are different ? A lot of individuality in us ! There are even people having FD's in CB which gives board rates and staying happily as their PB, uncles and aunties. Different reasons that people use a particular bank. Don't second guess if I will stay with HL if they offer me 4.35%. You are NOT me !

Some of the forummers have gave their opinions on this topic, learn from it !

You can shout about your slogan, but others may do differently !

This post has been edited by bbgoat: Nov 4 2015, 07:55 AM

some kiddo thinking just like small kids, grow up!

yea, service from the bank is important and not everyone have the time to go to different banks to place their deposit under promotional rate.

p/s: Maybe he should change his slogan from "don't give free money to the banks" to "maximize the interest earned from your fixed deposit?" in my opinion, that sounds better

Maybe those who are not LYN member? Well I can think of only 2 reasons
a) lazy to go chasing FD promos (too rich)
b) lazy to move money around (too troublesome for them)

Well their loss. There are PB. I haven't counted the ordinary folks like the Unker and aunties I saw. Imagine how much free money the banks are earning.

Unker just using you as Eg. Don't get angry la. what I am saying is Eg people who put 6 digit FD, by the banks renewing at promo rates rather than board rates, lesser chance people will move their money. Hence they don't need to offer promo every now and then.

Be my guest. Banks not my grandfather for me to give them the money I am suppose to get.

I guess that's true but taking one day off from work per month to chase FD promos I think is doable? No

This post has been edited by Ramjade: Nov 4 2015, 08:11 AM

I actually added 2 more sentences in my earlier post, you may have missed it:
Why humans are different ? A lot of individuality in us ! There are even people having FD's in CB which gives board rates and staying happily as their PB, uncles and aunties. Different reasons that people use a particular bank. Don't second guess if I will stay with HL if they offer me 4.35%. You are NOT me !

"maximize the interest earned from your fixed deposit?" sound more mature and more grown up !

This post has been edited by bbgoat: Nov 4 2015, 08:06 AM

Grow up ! Not everyone is like you !

why are you so obsessed about banks doing their businesses?

please channel your displeasure to BNM instead of here.

Some amount may not significant to justify to shift it around.
Eg.
Board rate 3.3%, promotion rate 4%.

If a depositor only has 10K, might as well renewed at board rate if not convenience and no time to do it at bank.

10K only extra RM70 pa., taking an unpaid leave, time wasted, petrol and toll fee incurred, may already cost such a money already. So, in this situation, there is little advantage for them to purpose shift the money around.

A lower renewal at board rate will always at the bank advantage.

But as compared it is miles better than saving/current account that carry little or virtually none interest, which consist of no less than 20% of the bank total deposit.

You cannot squeeze every drop out of it, money cannot buy time and convenience, while for some sleeping well at night with deposit at certain bank they preferred or feel confidence.

I once get annoy with a bank that need me to queue more than 40 min and almost took an hour (despite only got a few customers) to complete deposit a FD, while from time to time always got "offline" troublesome issue on their computer front, whereby certain transaction cannot be done due to offline status.
Since then I never go back to the bank, disregard what its promotion rate

Promptly done and efficient service can be another crucial factor for customer as well.

You are right! I would have done the same thing with you.

Usually if the rate doesn't differs much, I would prefer banks which are nearer to me or those having weekend banking.

Besides, I love banks who can act fast when it comes to account opening.

This post has been edited by Ah SiAnG: Nov 4 2015, 08:36 AM

I myself only do musical chair when its convenient to me, hence I stick to those that is convenient to get to during office hours. No need take leave and no need find parking and also save time lo.

Sometimes give & take to be happy. No need run after the 0.05% so hard. Stay happy is important. Maybe those untie and unker memang taat setia to some foreign banks. Each have their own reasons and comfort levels.

Cheers to all and happy to be in this forum with all you guys. Learn a lot.

Well I didn't missed it. Eh, eh, Unker can just leave money inside at board rates what. Why chasing FD promos? In a way, Unker also like me going for best rates.
But I agreed with you. HLB, BSN service horrible take no. , need to wait like ~ 1 hour to remove money/open account.

Best service for me is affin No customer. Take no. Before can sit down, they call. Maybank also not bad, got customer but wait like 10 minutes only.

Because everyone should force banks to give better rates. If no one decided to do something, banks does not need to give us best rates.

Consider the following scenario cause by majority of people putting at board rates and the scenario people removing from board rates FD / unattractive FD rates



cherroy
I don't think can reached until rm70 petrol most is rm10, Why would need to pay toll? Parking maybe most is rm1.00 (well in Klang parking is RM0.50/hour). Even one day leave is counted as unpaid? I thought one is entitle to certain xx days of paid leave?

familyfirst
If 0.05% I won't chase unless they are located in the same area like Bukit Tinggi Klang. All banks are within walking distance. But if >0.1% I sure chase. But now is history as I don't chase FD anymore.

This post has been edited by Ramjade: Nov 4 2015, 09:12 AM

Last month I have one FD in BR that matured. I let it renewed to their board rate. Anyway their board rate of 4.1% is already not bad for 1 yr. Petrol, time are factors to consider.

Though one bank may have the highest rate, still I would not put all eggs in one bank. I spread out my eggs at different tenure and diff banks. MBB GIA-i 4.5%, MBSB 18 mth 4.5%, AmBank 2 yrs 4.6%, 6 mth 4.25% with 20" trolley bag, 5 yrs 4.55%, HL 15 mth 4.26%, CIMB 12 mth 4.35%, CB 1 and 3 mths at board rate, I have them all. Of course also due to the facts that FD mature at diff dates but some of the above are in the same month.

Well, we are all human.

This post has been edited by bbgoat: Nov 4 2015, 09:13 AM

please shut up, enough from your no die attitude.

budak, go to belajar lah.

fd rm10000, 0.1% more rm10. 0.15% more rm15 also want to chase? beli barang bagi girl fren?