U shld goes out n social instead of keyboard warrior

Socializing on LYN is free.

If can squeeze the bank more, why not right? You don't want to let the bank earn those rebates, do you?

if he is a student, should study more. insterad of studying fd, asnb in forums

study FD, asnb can make u rich

He could be a student majoring in finance.
OK, enough of derailing

Any tips on how to nego for higher rates?

If we already passed the banker's cheque to the teller, he/she would know that most likely we will make placement there so less chance to nego.

No RM.

Ask at the ticketing counter, insist "big" amount, demand to see branch manager, if both fail, threaten to go another bank

that's what i scared..sekali they see my amount kacang putih only also i wonder whether possible to get 0.1% increase

Call the person in charge of FD to nego rate on the phone first...


MBSB 5 years at 4.7% with paid semi annual interest VS Am Bank 5 years at 4.55% with paid monthly interest (50 years old and above).

Let's say if put the both interests to Am Bank True Savers account, which one can earn more interest?

I used below online calculator and I came out with the answer MBSB can earn more interest.
Correct or not..?

http://getsmarteraboutmoney.ca/tools-and-c...px#.Vh4ZIW5oDtw

----> MBSB

----> AM Bank



This post has been edited by BoomChaCha: Oct 14 2015, 07:14 PM

usually 6 figures cheque is intimidating enough to most local banks, show em what you have.

I guess most of us here are younger than 50

obviously MBSB is the one to go

not all banks have nego rate. other than br, which others? other may give if no promotional rate.

I thought you are at least PB of SCB ?

I tried the trick with BR before when I opened account. Talk to the officer, get higher rate and gifts before hand over the cheque. Subsequently talked to the BR ABM to nego before going there. Got 0.2% in one instance for a large sum.

Depends on the bank. If there is already promo rate, 6 figure also may not work. My experience only.

For UOB when there is no promo, you can ask for increase. But only low 0.05% or so. But with promo rate, tough luck (unless very high amt >6 figures).

BR wise, with 6 figure, can get 0.1% more. But it looks to me you are not BR kaki.

Yes, you are right. Not many banks can nego rates. Esp if they are already having promo rates.

Don't think mbsb will win cause previously one guy showed a 4.2% FD if compounded yearly can win against bsn 4.5%. Differences between them are 0.3%. Here mbsb 4.7% vs ambank 4.55%, differences is only 0.15 and one gets interest compounded monthly if one >50 years old. So if 4.2% can win against 4.5%, I don't see why 4.55% cannot win against 4.7%. Best is calculate ourself manually using pen and paper.

This post has been edited by Ramjade: Oct 14 2015, 07:38 PM

Aiyo
You ask uncle to use pen and paper to calculate manually..?

I can calculate MBSB as shown on attached Excel spreadsheet; but cannot calculate AM Bank..

Don't under estimate the 0.15%..
And don't forget BSN only pays interest upon maturity whereas MBSB pays semi annual interest..

This post has been edited by BoomChaCha: Oct 14 2015, 07:44 PM

Since the interest you get monthly will be constant, you can create a new column to calculate that

the guy is @aeiou

Wanted to become PB of SCB but since no more FD promo, no motivation to go to the branch...procrastinating procrastinating almost 1 year has passed

Yeah, planning to try luck for nego rate with uob..but since it will be on top of the 4.2% promo, chances are less...somemore I tried to nego to reduce the BC rate to RM0.15 also not successful

BR has my highest FD amount but never got the chance to nego because it will just roll over and my mom will go there to renew the cert. One fine day need to try nego there too.