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

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

Bro don't underestimate the Rm5. Rm5 can buy breakfast for 3 people or one meal of mixed rice. Like I said banks are within walking distance. So why choose 0.1% over 0.15%. If far away, forget it. Not worth.

cherroy
If like that then how those people working in the private sector place FD at promo rates? No time to come out unless you count lunch hour and most banks are close on weekends.

kochin
Actually you didn't get con. With eFD, you don't need to burn petrol and parking. So 4% for 3 months eFD is worth it.

This post has been edited by Ramjade: Nov 4 2015, 09:44 AM

mohdyusof. yygo
If bank A offer 4.1% and bank B offer 4.15% for 1 year and both are located in the same block, you tell me which bank will you choose?
Here same place, same tenure, only different rates. So time is not an issue. Don't tell me you want to choose the 4.1% one. If like that I am speechless.


This post has been edited by Ramjade: Nov 4 2015, 10:33 AM

Complain to the branch manager, if no action threaten to complain to BNM. But you must be certain that you have proof that you are entitled to higher rates. Previous flyer/brochure stating the rates. If you got proof, banks usually able to correct it (you will get the actual promised rates upon maturity). Hope this helps.

yygo, mohdyusof

Since when mentioned anything about terminating?


The sentence above did not mentioned anything about terminating FD. I assumed it means someone with fresh fund rm10k choosing between 4.1% and 4.15% so you are telling me that Rm5 also want to chase.

Btw, I let you know, I terminated a 3.7% FD 3 months into it at affin to go for their 4.33% FD before.

Anyway let it rest. So that topic won't be lengthen by useless argument I am tired of telling you guys not to give banks free money. You guys want to give free money, be my guest.

This post has been edited by Ramjade: Nov 4 2015, 12:35 PM

Actually you can just email bnm if you want to complain. They response to emails.

Brochure pic. Eg brochure show 4.2% But they give you only 4.1%. By complaining in with proof, you can get eg 4.2% upon maturity. I suggest you to look back at v9. Might have pic there. Good luck.

First thing would be email your bank. Give them one week to reply. By one week, no response, langsung email bank negara.
You can try. No harm.
bnmtelelink@bnm.gov.my

This post has been edited by Ramjade: Nov 4 2015, 08:50 PM

I will show you some calculations and let you decide whether it is worth it or not.

Samsung malaysia official Note 5 price = RM2699
Public Bank SA interest = 0.6%
(220000 x 0.006 x 182)/366 = RM656.39 assuming you put this month
Total amount earned = RM2699 + RM656.39 = RM3355.39

If you put at ambank 6 months 4.25%
(220000 x 0.0425 x 182)/366 = RM4649.45
Directd price = RM2499 (Samsung malaysia warranty)
Savings = RM4649.45 - RM2499 = RM2150.45

So if you put ambank 6 months at 4.25% and you buy a note 5 after 6 months with the interest, you still have leftover of RM2150.45 instead of only RM656.39 if you put at public bank savings account.

What if I don't like ambank? I would like to go for other banks 6 months promo. Be my guest. Just use my calculations and substitute 0.0425 with whatever interest that bank is giving you. And check out for yourself if is still worth it putting at pbb sa. Keep in mind that after 6 months, the Note 5 price will drop further.

If no stock? then you don't get anything by putting there?

Nope. Now for 6 months is ocbc at 4.3%

Ocbc rates are good. even me who don't do FD promo anymore thinks it's good.

How's the exchange rate of rm-rp? Flucates like usd-rm?

Few questions
1) How do you put FD there? Take a flight there?
2) Do they accept malaysia's cheque?
3) How long do you put?

If putting indon FD at 9%, I think a flight there every 2 years to renew is kind of worth it.

Dia earn in RM and letak FD kat sana. Dia tak cakap dia orang indonesia Kalau exchange rate indonesia tak banyak tukar macam usd-rm, itu berbaloi. Letak 2-3 tahun di sana dengan interest 8-9%/p.a. Jumaat yg banyak say rm100k, beli tiket airasia yg paling murah, tak perlu menginap effective interest kalau ga salah pasti 6-7%/p.a

This post has been edited by Ramjade: Nov 6 2015, 10:03 AM

Not true. According to this article, there are some people who put FD in India (malaysian who frequently fly to India)

http://www.themalaysianinsider.com/malaysi...mic-uncertainty

Come on man. Think of it this way if their exchange rate does not fluctuate much, air ticket cost say rm100/way = RM200/return trip (air Asia promo time) If you can put rm100k, and say taxis only rm100, flight is like 2 hours (kl-kuching is 2 hours), put for 2 years at say 8%, able to earn rm16k in 2 years, your cost of bringing back the money is rm300 (as shown above) I think is worth it.

(Rm15700/rm100k x 100%) /2 = 1 year returns is approximately 8%

That is if their exchange rate does not fluctuate much.

This post has been edited by Ramjade: Nov 6 2015, 10:28 AM

You didn't apply for vip banking?

Captain Gen-X also dress like that what. Btw what's there to scared if bring BC? If money then

This post has been edited by Ramjade: Nov 8 2015, 05:32 PM

Hapeng
Safest is say your cash comes into bank A (<7 days) ask bank and see can use that fund ot not. If cannot, just IBFT to bank B. Then go to bank B and withdraw in banker's cheque. Bring money back to bank A. This sure considered as fresh funds.