Hi guys, hope I'm in the right place since this is about FD.
I'm quite curious, after reading here and there, and also listening to stories and experiences from friends and acquaintances.

I've always thought that FD are sort of a "FIXED" thing but is it true where the rates and promotion still can change (usually rare case) due to the bank's own TnC? Like by a few decimal percentage?

And another thing I've read in probably the earlier thread, v2? V3?, where a group if you members sort of try to accumulate up to XYZ figure before approaching the bank to make an appointment to 'negotiate' a rate? What sort of rates can be negotiated or discussed? I mean like what are the odds the banks would even consider negotiating since, assuming, we only have some "loose changes" for fix deposit, like around RM100k?

At what amounts would they even consider to bump up the rates, are we talking about? 1Mil? 5Mil? 10Mil? 2.6Bil?
Let's take PBB's 1-mth period of 3.15% as a starting point.


*hyphothetically and theoretically speaking of course.*

Very interesting read. But by said that, what happens if the rates increased, but we're still locked on to the 5% p.a.?

Sifu bbgoat, I'd love to know more about your negotiation techniques about this.

Even I'd think 100k would barely get myself onto their radar LOL, but I'm speaking from a hypothetical standpoint anyways LOL What I'm interested about is how much of a spread (from the original listed rates) are banks actually willing to increase, is it a mere 0.2~0.4% or can it be as high up as 1% or even more? LOL. Short terms la, like 1-mth/3-mth breaks and compared to 1 year.

If that's the case, what about if someone has 20M, walks into the bank, go directly to the branch manager, and demand to nego for 1-3m breaks? hahahah
*Legit question*... unless even 10-20m individual has no bargaining powers too lol

I've seen around 100-300k people can successfully nego, but those are mid to long terms la... But don't mind me asking what sort of additional rates one could ask/offer, given the "large" amount of deposit.

Nvm! As bbgoat mentioned, time to challenge to get some good rates at very very short term... Hahaha any luck I'll update xD

Morning people!

True true, some times not splitting to different banks at be easier to manage, plus better bargaining leverage lol... I'll try to nego for 1mth and see how lucky I get. At most a bank lwoukd just lose a client or customer hahaha.

On the side note, anyone remembers what was the old rate for PBB AT 1-mth back in 2011?
Any can anyone share a template for excel
On how the keep track of their deposits?

Yeah, went over their branch and was introduce to this promotion rate.
For 100k, by the end of of 2 months, the interest accumulated is RM659.42 lol
Breakdown, RM295.83 and RM363.57 respectively.

On the side note, anyone knows any nice plan for 3 months FD that gives *cough* 4%+ *cough*. LOL

Honestly, you'd want the least attention. Adding security details or police detail gives you some form of security, but it also paints a huge new beacon over you,

+aeiou228
Tax avoidance vs Tax evasion, one is a crime, the other is an art.

So, managed to 'window shop' around banks.
PBB, HLB, & CIMB.

PBB > Pending more update from the banker tomorrow.
HLB > Ok ok rates, but need CASA.
CIMB > Giving the best rates for now, but haven't seen the clauses in detailed yet.

If things go well, screw the maturity and straight move to another bank.
lol.

Of course it's not useful cause I haven't gathered all the facts ma LOL

PBB >> 3.6% 1-mth \\ 4.1% 6-mth after maturity then 4.5% for the next 6-mth
HLB >> 3.55% 1-mth \\ 4.2% 3-mth, need CASA Min 200k
CIMB >> 3.8% 1-mth \\ 4.2% 3-mth

I totally ignored HLB because I don't have a good first impression lol. PBB quite a hassle to nego with them, even though it involved a HUGEsubstantial amount of fund.

But I was quite lucky CIMB offered this special rates, based on a assumption that I'm willing to park 100k for 1 or 3 months tenure.

Clearly PBB lost me after some small issues developed, lack of communications, tsk tsk tsk.
Pulled the trigger today and broke the FD from them a week before the monthly maturity and in the process of moving it to CIMB.

Let's see what sort of rates these banks can offer to me after 3 months.

What's the tenure that you're looking for? Short term or long term?? I got 4.2 for 3-month tenure with CIMB, and at your rate you should be able to get it too. The branch I go to was at Serdang Perdana.

LOOOOOOOL..."Finally invited" I like that lol, I didn't bother informing him. The fact that he does remember me or took my WhatsApp msg seriously (new number), I showed up the very next day and broke the certs and ship it to the next bank. lol.

Yes there shouldn't be any problem theoretically. Best to check with the bank. Downside is that you have 10
Certs to sign.

Hahaha why should they laugh at you? If they do, that's just being very unprofessional to new clients. That's your hard earned money, and they wouldn't know if you have 1mil lying somewhere else...