QUOTE(ZeaXG @ Feb 23 2016, 01:56 PM)
People fail to settle their credit card bill on time, people take personal loan to go shopping, vacation. People taking 10 years to pay car loan for a BMW that they have no money to pay. One unsettled credit card bill bring in interest of min 10%. The longer you stretch the car loan, the more interest you pay. All those people don't know that free SA exist, pays the bank free rm8 48/year. Those people who park their money in board rates FD to get priority status. Banks earn at least 0.5% interest from them (banks can pay promo rates but instead they give board rated). So no FD promo? No problem! Lots of people willing to give free money to the banks. Of course banks need to balance their cash reserves with the money loaned out. FD is not the only way banks earned money.
Besides they already have promo last year. Will be a while until they will come out with another promo.
This post has been edited by Ramjade: Feb 23 2016, 02:22 PM