QUOTE(gsc @ Oct 26 2015, 06:23 PM)
It is garbage logic
you mean "don't give bank free money"? 
Fixed Deposit Rates In Malaysia V. No.10, Please Read Post #1 & #2
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 Oct 26 2015, 06:32 PM
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895 posts Joined: Dec 2013 
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Oct 26 2015, 06:38 PM
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895 posts Joined: Dec 2013
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QUOTE(ivanchin99 @ Oct 26 2015, 06:26 PM) one has to read carefully. the gift nothing to do with fd/tdi   This post has been edited by yygo: Oct 26 2015, 06:39 PM |
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Oct 26 2015, 07:07 PM
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All Stars
24,333 posts Joined: Feb 2011 
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QUOTE(gsc @ Oct 26 2015, 06:23 PM) It is garbage logic Alright, I will give you few examples.QUOTE Eg 1 Bank A able to give 3.25% for their Islamic efd while for their conventional efd, it's only 3.15%. Same bank, same tenure, only FDs under different name. Eg 2 Bank A board rates 3.30% p.a. Bank A promo rates at 4.2% p.a. Same bank, same tenure. There's a different of 0.9%! Eg 3 Bank A is bigger and net value is more than bank B. Bank A gives esavings at 2.25% p.a. while bank B gives esavings at 2.8% p.a. What's stopping bank A from giving 2.8% for their esavings? Different bank, same product (esavings), same tenure. Eg 4 Bank A gives FD of 3 months at 3.8% p.a. Bank B gives FD of 3 months at 3.93% p.a. What's stopping bank A from giving 3.93% for their FD? Different banks, same product (FD), same tenure. Eg 5 Bank A credit card gives 10% cash back per month. Bank B credit card gives only 1% cash back per month.What's stopping bank B from giving 10% cash back for their credit card? Different bank, same product (credit card), different cash back. These examples are ways people are giving free money to banks. One may argue that different banks give different rates. Yes that's true. But what's stopping them from giving the same rate as their competitor? Nothing. They are just keeping the money for themselves (making banks richer as they do not need to pay out more interest). The end user is the loser as one gets lesser interest from the banks.   Banks do not reward you with gold bars even if you are loyal to them for 20+ years. Hence one's loyalty should not be with the banks but to the no in one's account.  I won't mentioned names of bank but I think you guys know which bank is that in the example given.   This post has been edited by Ramjade: Oct 26 2015, 07:33 PM |
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Oct 26 2015, 08:00 PM
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360 posts Joined: Sep 2010
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QUOTE(??!! @ Oct 26 2015, 09:44 AM) The CIMB 3 months 4% promo seems to apply for over the counter placement as well. Are you sure? Website actually says online only. Maybe there is exception to the T&C.Have done it twice the past 2 weeks. |
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Oct 26 2015, 08:03 PM
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217 posts Joined: Oct 2015
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bsn fix deposit 50k free i pod ...
https://ringgitplus.com/en/fixed-deposit/BS...it-Account.html t&c https://media.ringgitplus.com/creatives/74e...-conditions.pdf |
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Oct 26 2015, 09:16 PM
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813 posts Joined: Oct 2004 From: Miri
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QUOTE(yygo @ Oct 26 2015, 06:38 PM) one has to read carefully. the gift nothing to do with fd/tdi True  I was referring to rate though, pretty decent for short term |
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Oct 26 2015, 09:19 PM
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278 posts Joined: Mar 2009
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QUOTE(ivanchin99 @ Oct 26 2015, 09:16 PM) True best rate actually, 4 months for 4.075%p.a. I was referring to rate though, pretty decent for short term even better than alliance bank's 6 months eFD |
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Oct 26 2015, 09:57 PM
Show posts by this member only | IPv6 | Post
#988
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Senior Member
10,001 posts Joined: May 2013
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QUOTE(poor man @ Oct 26 2015, 08:03 PM) bsn fix deposit 50k free i pod ... Wat is the replacement cost for iPod Shuffle?https://ringgitplus.com/en/fixed-deposit/BS...it-Account.html t&c https://media.ringgitplus.com/creatives/74e...-conditions.pdf |
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Oct 26 2015, 09:59 PM
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520 posts Joined: Jul 2015 
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The PB FD has a fine print said that " upon maturity, the fd will auto renew to 4m board rate". Is that mean, that, the FD will lock for 8m?
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Oct 26 2015, 10:02 PM
Show posts by this member only | IPv6 | Post
#990
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Senior Member
10,001 posts Joined: May 2013
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QUOTE(LNYC @ Oct 26 2015, 09:59 PM) The PB FD has a fine print said that " upon maturity, the fd will auto renew to 4m board rate". Is that mean, that, the FD will lock for 8m? Nope |
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Oct 26 2015, 10:03 PM
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Senior Member
895 posts Joined: Dec 2013
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QUOTE(LNYC @ Oct 26 2015, 09:59 PM) The PB FD has a fine print said that " upon maturity, the fd will auto renew to 4m board rate". Is that mean, that, the FD will lock for 8m? you can always terminate it on maturity and go for another fd promo. |
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Oct 26 2015, 11:03 PM
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Senior Member
2,337 posts Joined: Oct 2014
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QUOTE(wil-i-am @ Oct 26 2015, 09:57 PM) Wat is the replacement cost for iPod Shuffle? a quick search on apple malaysia shows that it worth RM189http://www.apple.com/my/shop/buy-ipod/ipod-shuffle |
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Oct 26 2015, 11:46 PM
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Senior Member
520 posts Joined: Jul 2015
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QUOTE(wil-i-am @ Oct 26 2015, 10:02 PM) Nope QUOTE(yygo @ Oct 26 2015, 10:03 PM) you can always terminate it on maturity and go for another fd promo.  Thank you for the answer~ I always wonder what does it mean ~  |
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Oct 27 2015, 06:48 AM
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All Stars
65,264 posts Joined: Jan 2003
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QUOTE(LNYC @ Oct 26 2015, 11:46 PM) Thank you for the answer~ I always wonder what does it mean ~ once matured, it will auto-renew (next cycle) to board rate (non-promo rate). |
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Oct 27 2015, 12:01 PM
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Junior Member
44 posts Joined: Jun 2015 
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anyone managed to get the public bank note5 or galaxy tab FD promo?
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Oct 27 2015, 12:09 PM
Show posts by this member only | IPv6 | Post
#996
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Junior Member
216 posts Joined: Jan 2003 From: Klang, near Bayu
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QUOTE(kingsman69 @ Oct 27 2015, 12:01 PM) anyone managed to get the public bank note5 or galaxy tab FD promo? I think the Note 5 and Galaxy Tab promotions are for savings account. |
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Oct 27 2015, 12:10 PM
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All Stars
24,333 posts Joined: Feb 2011
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QUOTE(kingsman69 @ Oct 27 2015, 12:01 PM) anyone managed to get the public bank note5 or galaxy tab FD promo? Bro that is not FD. That is deposting account into their SA. Read the fine prints before putting. |
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Oct 27 2015, 12:14 PM
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Junior Member
44 posts Joined: Jun 2015
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Oooo savings account even better rite? Means can withdraw anytime
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Oct 27 2015, 12:17 PM
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All Stars
24,333 posts Joined: Feb 2011
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QUOTE(kingsman69 @ Oct 27 2015, 12:14 PM) Oooo savings account even better rite? Means can withdraw anytime Haha... You withdraw they minus the money from you. Cause this need you to "locked in" people have showed you go for other bank promo, you have interest. That interest is enough to buy a note 5 with about RM500 left of balance. Check back the posts. Not sure this thread or the previous one.The price of note also drop already. Besides if you know where to buy, you can knock off rm100-rm200 off the note price. So better pick another bank which offer high FD interest . Saving you say maybe rm400. Plus with other bank high interest FD, I just earned you about ~RM800 This post has been edited by Ramjade: Oct 27 2015, 12:36 PM |
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Oct 27 2015, 12:26 PM
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Senior Member
895 posts Joined: Dec 2013
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QUOTE(kingsman69 @ Oct 27 2015, 12:14 PM) Oooo savings account even better rite? Means can withdraw anytime quote:"do not give banks free money"  |
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