That's the idea.

Went to Ambank just now, BC is RM2.80. New promo coming in January.

Didn't go place any FD. Just "transferring my money"

If you have too much money then ok. If RM250k lock up just for priority status, not worth it when that RM250k (I am using RM250k because most banks need about RM250k) can be earning 10%+ in other investment. But each person is entitle to their own opinions.

Another mach FD update,

its shown on HL konek now, placement date: yesterday,
Whats better? the cheque aint cleared yet, it shall earn another set of interest in HSBC

Just noted u have existing RM1 mil with them 

ya.. with that kind of amount should be able to negotiate much better rates.
anyway, tried opening the MACH FD at queensbay yesterday but was required to open another MACH FD account and issued cheque for the promotion.  Not allowed to split the placement so all 1 FD for 1 personal cheque.  Took more than an hour as the staffs seem quite new and not familiar with the systems   what a joke!!

single cert - rm1 mil

wow

combined with Xmas long weekend, your account will be debited next monday if not tonight, isn't it wonderful?

so next time aim for eve of long stretch of holiday then place fd to get some extra lunch money?

Wah, if i remember correctly back in Jan 2015 mr Lim said his assets is less than 200k. in 11 months 1M dy......

What's with this new promotion?

If I just opened a new saving account with HLB for the 6 months 4.5%, I still need to open another seperate account for this?

*i feel stalked*

ahahaha, thanks to your nick photo, it made strong impression...

Update #3 on the Mach FD,

The cheque cleared 23 Dec, while the FD date starts from 22 Dec,
I am 8 cent richer than supposed to be...

Well you are paying with the amount of interest given compare to what can you get by parking your money somewhere earning double digit almost every year. Let's just say 10% of RM250k vs 4.5% of RM250k. That's a difference of about RM13k. More than enough money to go on vacations.

I will take the RM13k (vacation every year) compare to being a priority customer.

I already PM you about this stuff before. Won't talk about it here. Later kena marah. Well planning to follow in his footstep next year to "Holland". Just hope really won't go "Holland".

but for the other mach fd, you are richer by rm109.59 in 1 day..............  

how did you count that? 

no offence but i wouldn't take any advice from ramjade. he's still a student and so far he is all only talk. he's hasn't actually go into all those. he only have fd, fp-asx and some vp-asx. talk is easy, comes at no price.

Haha..

I dun want to boast much, but i had to tell u my investment is more than 500% return last year, and this year also nothing less than 200% with the capital employed. 10% is good, but if that money is risking for only 10% return, not attractive at all.. lol

But despite that, why i put FD for 4.5% ?

FD is almost no risk, unless bank collapse and ur money gone. Even that, pidm still protect 250k per bank.

FD is really do nothing and get passive income. You dun even need to find tenant or repair your leaking house and pay cukai tanah and etc.

Only risk is currency risk.

No matter how good your investments work, you still need to secure/ lock your profit some day, where will be the best place to safe keep your hard earned money?

U see... 1 year is 500%, another is 200%.. the fluctuations is very big. Next year maybe -50%, possible stuff.

My style is like this
Example..

Year 1 - capital employed 100k
Total year end profit + capital = 400k
So take 200k locking FD

Year 2 start 200k
Total year end profit + capital = 300k
So take probably 100k to 150k locking

Year 3 start 150k
And etc...

I had a fren, real case..

Year 1 - 60k capital
After year 1, total gain + capital = 160k

Year 2 - capital 160k + 60k loan = 220k
End year 2 = left 40k

Now trying to rebuild back.. but it is tough with current market situation.

The problem is because he didnt lock.

Same for my scenario, if i didn't lock, a few mistake will be having me say bye bye to my profit, or worst, even capital.

Btw, there is no highway to success. My way is not highway at all, it is crazy tons of works and a lot a lot a lot of research, networking, meeting people bosses and dedication and passion. Not highway at all, i work more than 12hrs during my starting point without any result, endured for 2 3 years.

So back to FD, i just want to point out that why rich people still put FD is because, the nature of FD, u just can't get it anyway easily with that kind of assurance and liquidity

waiting to take out MBB GIA without penalty and put in 5% rate when it arrives.

Through ATM instead of counter? FD can place direct online money box acc?

which bank offer highest FD now? would like to place around 200k

From bbgoat earlier post ...At the moment, it seems to me the best ones are HL/MACH 6 mths 4.5%, UOB 12 mth 4.4% and RHB's 15 mth eff rate 4.4%.

Beside the tenure of 6/12/15 months, the following factors may influence your choice

HLB/Mach interest are credited monthly
If you open at HLB branch, you need to go back to the same branch to redeem your FD
If you use Mach, can perform withdrawal via online - do note that Mach limit is 250K per day for FD placement/withdrawal

UOB - Interest is credit at the end of 12 month term.
Need to confirm whether FD can be redeem without go back to same branch or can do withdrawal online
(Any one know?)

Jeez. It's basic stuff. Everyone knows that. What are you expecting? 4.x%/month? Like that banks will give you >16% p.a    How are they going to survive, make profit from you if they give so high interest? 

When I was his age (18 years old) I know that one will not get 3.x returns in a month for FD and I had no one to tell me that (I do not know how to calculate effective interest back then). Some more common sense will tell you getting 4.x%/month? Like that banks sure bankrupt already. Sometimes you need to be frank. Anyway, better stop here before being OT.