BR is convenient to me in term of logistics

Some questions on BR:

1. If there is an existing joint FD with BR, can I make a placement for another joint cert without the presence of the joint cert holder?

2. How long it takes to register the xclusive membership and will they be able to issue the membership card on the spot?

3. I am not an xclusive member yet. Do you think I can skip the queue if I directly meet the AM and tell him that I want to register for it with the amount that I am going to deposit?

4. The 300k can be a combination of FD and CASA, right? The terms is abit confusing:

http://www.bankrakyat.com.my/rakyat-xclusive

1. Yes.

2. Last time they did it by selection and sent out the card. Now, not sure. I think becoming Xclusive member is not critical in getting nego rate (for first placement).

3. You can definitely do that. They are quite flexible in their dealings. So with your deposit can ask to see ABM or even BM directly.

4. That one is not mentioned, combination of FD and CASA. But why put high amount in CASA for those that seek high FD return ?

Thanks for the reply.

The card is important to cut queue and get parking, the main reason for joining...esp since BR certs are handled by my mom.

Yeah, it's weird they didn't state explicitly that they can be combined. Let me contact their CS for clarification. Not high of an amount, but if they do consider CASA then I can move just the minimum amount to BR.

Haha, in Penang, not much benefits like carpet for the Xclusive member queue. At least not in the branch that I am using. Cut queue yes as they already knows me (the guard even helps me to get the queue number). 

Better call them. I would think should be OK wit the FD/CASA combination. 

If FD maturity date falls on Sunday 17th April 2016, interest payable on Sunday for Alliance bank?

I have nearly forgotten about this BR's feature.

You can recommend people to BR and get 0.1% commission of their first deposit. BUT they only get board rates. So the only good time to recommend them is when there is no FD promo in BR. Then you can split the 0.1% with them.

Also BR no PIDM. Only for those with no issue on no PIDM protection. 

How much interest u will forego in 1 day?

thanks for the info.

gonna tell my friend about it 

Yup, I went to the branch you suggested. Thanks!

As for the gifts, when I was in the Asst Branch manager's room waiting for the certs to be prepared, the manager came in with two full bags as a gift. I was thinking. "Wah! Two bags of gold coins!" Haha!  However, when I went home and opened them, these were what was inside - a nice, big box inside each bag which contained a towel each, two Parker pens and an Xclusive thermal mug. What an anticlimax! 

What's the main difference between a Hong Leong Bank's Pay & Save Account and Fixed Deposit?

How do I upgrade from that particular savings account to that particular? Thanks! Still quite fresh in this but a long-term savings account user at PBe , CIMB , UOB and Maybank.

Hong Leong Pay & Save Account is a current account and it offers additional interest rate if you comply to the requirements.

You can't upgrade existing saving account to this Pay & Save account.

i understand that if OPR increases, FD rate will increase. If bank negara increases OPR, does FD rate increases immediately? or it is up to the bank to decide whether to increase FD rate?

and this FD rate increase will only affect new placement? or existing placement as well?