It is correct, the withdrawal can be made after midnite, ie. 1201am, Feb 23rd.

If you went there on due date, then it shud be in the SA or ready to cash out at counter.

Which bank is this? Employees there deserved to be flogged.

And correction- FD depositors are not customers. They are suppliers (suppliers of capital). Banks pay you interest!

Customers are those who are debt ridden and with tagline in-debted to bank for life.

So which part of the balance sheet will it appear? Assets or Liabilities?

Eagerly anticipating answer.

Let me give you an answer (with the intention to solve your curiousity that will eventually kill you, if I did not intervene).

Why would some people rather earn less interest when you can earn higher elsewhere ? The answer can be found in genxgenygenz postings. To be precise, the words "chiak beh liao" would explain it all.

At 3.45% p.a., some people's FD would be earning more interest (in absolute terms) in a month than what you would earn in 1 year @ 4% .

For example,

MR. LIM puts in a RM10million FD at 3.9% p.a. He earns rm390k per annum, and the bank credits his SA rm32,500.00 every month.
MR. RANJIT SINGH put in a RM100k FD at 4.0% p.a. He earns rm4k per annum, and the bank credits his SA with rm333.33 everymonth.

For MR. LIM, he may be in a situation of "chiak beh liao" whereas MR. RANJIT SINGH is merely surviving day to day. Hence, psychologically, MR. RANJIT would be very sensitive to interest rate difference where as MR. LIM would not. Hence, also why, MR. RANJIT SINGH cannot pathom why MR. LIM do not go for the highest interest rates.

The law of absolutes and reaching the level of "chiak beh liao".


This post has been edited by pearl_white: Mar 2 2016, 11:00 AM

Thats why it is said time and time again, if you haven't reach that level, you won't understand. At that level, it is called "optimisation" rather than maximisation. Reach that level first, then come back here and tell us your experience.

Only one to two person here, there's one who has a blog, reached that level. You can tell by they way they post and see their thinking process.

Premier that good meh? Isn't private banking better? Seem to see MBB focussing on Premier rather than Private? Like above, premier is bread and butter biz rather than private.

frankly, MBB private banking sucks, so is HSBC premier. nevertheless, MBB private got alot of aunties who parton and bank in a lot of cheques. Each check that i get a glimpse are usually all 7+ figures (excluding the .00). Those I see patron HSBC premier are those 20+ something young girls banking in 200k+ cheques.

This post has been edited by pearl_white: Mar 4 2016, 01:04 PM

*3?0,?00.00

I don't have Xclusive Card.
I never received pens, gold coins, dinner invites. Never got consierge service.

Only thing I got is
1) amenity bag
2) 2 coffee mugs
3) 1 Bank Rakyat recycle bag
4) 1 Hari Raya open house (last year)
5) CNY hamper

Poor vendor intelligence and management.

this MBB effective 4.23% for 9 months, has anyone taken it up?

So, put in 10k, get 423 upfront, and 10k withdrawable only after 9 months?

Pls confirm. Indicative APR is 5.65% is good deal.

Then the earlier post of it should be corrected. I assumed someone did it, and that is why I seek confirmation.

if like that, this mbb promo is one big con! thanks for the clarification.

This post has been edited by pearl_white: May 13 2016, 04:50 PM

My brain is not working today, so lets say I go to MBB and take this 9 month 4.23%p.a. thingy.

I decide to put in rm10k.

What will I get on the spot and after 9 months?

Let me rephrase then,
My brain is not working today, so lets say I go to MBB and take this 9 month 4.23%p.a. thingy.

I decide to put in rm1million.

What will I get on the spot and after 9 months?

Nego rates for BR today

4.4%p.a. - 12 months
4.5%p.a - 24 months

Rates quoted are based on profit is credited monthly to account. I think as long as you have >50k you can nego.

sum not good enough to nego for better rates.