Thank you. That I know. The question is cheque from company is it counted as banker's cheque/company personal cheque?

Yes I am confused. That's why I am asking. So regarding my question on Mr B, will that be instant or will Mr B need to wait for his FD? Sorry. I am noob in all these cheques. Never had any experience.

This post has been edited by Ramjade: Jan 14 2016, 08:23 PM

when I asked seriously you guys think is a joke. I know of some people who still receives salaries in cheque form.

Yes. Thank you. That's it. So if we get a personal /company cheque, it still needs clearing before can place FD. Needs clearing which means not instantly.

This post has been edited by Ramjade: Jan 14 2016, 08:32 PM

Nope does that surprised you? I told you I am a student. Haven't received a cheque before. I put FD by carrying cash/banker's cheque if the amount is too big.

Smart move. Don't trust outside computer/computer in banks and don't trust mobile apps. Have 2 phones (cheap android phone will do). Install all banking apps into.that phone. Nothing else. Tether Internet from your main phone (turn main phone into WiFi). Don't lose that cheap android phone.
In the west, people use 2 computers. One computer solely for banking and no pendrive will be connected. Nothing on that computer. No word, office no program. Just one antivirus, one browser which will be used to open only the banking page. Nothing else.If want to be even more extreme, can install some antikeylogger program. These are ways everyone should do to keep their banking data safe. Unfortunately you don't see that happening in malaysia. People performing banking on main phone over Starbucks wifi, using same password for emails, FB, banks, put answers to security questions truthfully.

I believe he went for some kind of operation or something like that. He keeps talking about health, heart problem.

This post has been edited by Ramjade: Jan 14 2016, 10:59 PM

You can increase the IBFT limit pass the rm50k mark?

Simple if you put rm50k one shot, if you need the money in the future, your promo rates will be affected.

If you put multiples of rm10k, you will still get the full promo rates interest for the FDs which you did not touch.

Will there come a time where you will use the rm50k for something? If no dump one shot rm50k. If yes, then split it.

Do you happened to be a priority banking with cimb?

That's what the security pros in the west recommend. 2 factor authorization. Wish malaysian banks will implement that and give away free antivirus for banking.

I used that for my main email which is linked to my PayPal. PayPal, fb, emails all come with this feature whether you want to use or not.

Extremely slow. Bei tahan. Worse bank ever. 2 bsn branch, both also extremely slow.

That's true (EPF by rule must give out 2.5% but generally their interest will always be more than FD). But are you wiling to lock in for xx years? . This year interest some say 5+%, some say less 5%.

I told my parents dump into ASX FP first than only taruh EPF seeing that we don't know how much they are giving. EPF is not consistent.

If I were you, max out EPF, SSPN to get tax relief. Why want to give so much to...? anymore is up to you to decide

This post has been edited by Ramjade: Jan 18 2016, 09:13 PM

If you are paid extra, faster cash it out before they tarik balik your money. If they ask, you act dumb. You said you guys gave me this amount, how I know is extra. If they ask you where extra went, tell them you took it to getting.

This post has been edited by Ramjade: Jan 18 2016, 09:12 PM

Just threaten them you don't give me 4.xx%, I withdraw all my money and go another bank. Other banks willing to give me 4.xx%. Sure work. Cause banks have target to achieve. Imagine you remove 6 digits, they need to find 6 digit to replace the money they lost. Targets are very important for bank workers.

This post has been edited by Ramjade: Jan 19 2016, 11:43 AM

HLB 4.5% 6 months is still there. Don't know for how long.
BSN 4.5% 12 months
BR 4.55% 24 months.

Edited. Sorry was wrong. Mistaken it as HL said they are matching BSN and HLB which I assumed they are going to come out with something like that.

This post has been edited by Ramjade: Jan 21 2016, 03:20 AM

No. If like that, one will get RM2700 by the end of 6 months which is 27% returns. One year get 54% returns. Like that, bank/MLM/scam tutup kedai already.

Calculations are RM10k x 0.045 x (total no of days in 6 months/366) = about + - RM221 (assuming one uses 180 days)

+ - RM221 is what one will get after 6 months.

If you can tahan long queue at BSN, then go for BSN. I remember when I went there to open SA, waiting time + opening account = 3 hours +

However, there are some BSN which are quite fast.

If you have big cash to impress bank rakyat like unker goat (6 figure), go for bank rakyat. Nego the rates.

This post has been edited by Ramjade: Jan 23 2016, 11:08 AM

I am not professional but here's my advise. If you keep money in foreign current account, those account will earn you negligible interest. Banks rates are not good compare to money changer which means you need RM to drop alot before you can make a profit. So if you want to open a current account, better go to money changer and convert to cold hard cash unless you want to pay for some stuff in foreign currency.

Second, people in USD/MYR thread have already shown that putting in malaysia FD for 10 years will match the decline in MYR against the USD. Unless of course if one were to change last year, is a different story. So moral of the story is those people who have been putting in malaysia FD for 10 years gain the same amount as those people who change RM-USD 10 years ago and hold USD cash.

This post has been edited by Ramjade: Jan 24 2016, 09:22 AM

Look at the FD rates. End of last year, all banks come out with 4.5+% FD. Then in January, suddenly all the 4.5+% FD drop (not as good as last 3 months of 2015). I ma guessing is FD rates will continue to drop.

What account is that? Mine was rm19.xx also no charge. In the end I close my account. Ask to do a BSA. That's the account without charge