there don't seem to have promotion for 1 month FD placement....

100k ... which bank offers the highest 1 mth interest? Affin bank?

For him, why would Mr. Lim put in @ 3.9% when he can get RM400k if he can place @ 4%. Is RM10,000 / 12 months = RM833 extra per month not worth it? Well, I can answer him on your behalf. It is because for Mr. Lim who has RM10 mil, RM833 p/m is not critical to his survival nor will it make him much richer.

Unfortunately, this is something that he will never comprehend. Because he isn't where Mr. Lim is yet.

It's the same why some won't understand why I would buy a car for cash instead of taking loan. They think the cash can be used to get >4% FD and pay off hire purchase interest at 2.x-3.x% and pocket the difference. They do not understand the feeling of being debt free from housing or car or any loan. It's like having wings every month without any commitments tying me down. The freedom and reduced stress for me is absolute, as you so put it. But all he would see is, the little gains he could get by trying to make the most of the money available.

Another factor is trust.
We tend to trust a bank more than another due to convenience, and service quality we experienced as well as how well it is being run.

Also, Mr Lim may not want to deposit in Bank A, even the bank gives him 4.5% if bank A had history run into losses during economy difficult time.

Rate alone is not absolute factor.
There are other consideration and individual preference as well.

Btw, 2.x% car loan, its EIR is more than 4%.
You never can win against Bank by loaning vs FD. 

what I meant was lack of info for the brand and size of the free luggage bag..

SCB scenario: 250k @ 3.15% 6months= RM3937.5 +Samseng 32" LED+apple Ipad
other banks: 250k@ 4.2% 6 months= RM5250, no freebies

I will say that, the RM 1300 difference is well worth for a Samseng TV + an Ipad,
provided you have 250k in the 1st place 

blehh ...i rather ask cimb for some of their gold plated toys haha. maybe if so happened you were in the mkt for the tv and ipad la then yes ok...

Just back from BR. Placed nego FD 12 mth at 4.5% with monthly interest. Received gift from branch as attached.

They are requesting extra gifts for BR Xclusive Club members from KL, gold coins and other stuff etc.      Will call me once received. Can send to my house but thinking twice about someone sending to my place ....................................

Cross 10K Karat Gold Filled Ballpoint Pen

[attachmentid=6261421]

so far im ok wif cimb...polite but yes abit blur at times...which branch are u at? i believe new to bank straight away get a gold toy..as advertised. they send one almost every cny.

thts sux bad... well dont take rhb. they took month(s) to assign me premier status. only when i withdrew everything did they make a move, i threw it back at them. ocbc svc is reli good..and im nt even premier with them haha.

I think can create a thread to discuss priority banking benefits

One of the certs for the 4.5% 12 mth FD with BR:

Hopefully I did not spill any beans like billionaire Lim !   

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Thanks for the FD info..Bro 

If got 6 figure, I think can ask for a better rate? 
May be 4.4% or even 4.5%? 

BR you have to call and nego with them. Call them.

But now with no banks offering 4.5%, the chances are slimmer. But can still try. 

If got 6 figure for sure can nego with BR la..

But you have a good timing to wait for May FD promo..
Better to put money in a courier company's non transparent shipping bag, then put the
non transparent shipping bag in a Giant plastic bag..

HLB no need nego for the FD promo. Only if your amt is high, can try but difficult. Min 10k.

Website, some banks do not update FD promo there. Just board rate.