MBSB 12mths 4.1% p.a.
if > 50k, can nego for 4.2% p.a

CIMB Desa Parkcity Branch manager only offer me 3.95% pa for 12 months FD.
So I tell them to go fly kite....

If that FD amount is really really big.. why not ? But of course, you are not trying to get rich, because already rich..

5m x 4% = 200k p.a

Not bad lor

This post has been edited by Bonescythe: Mar 6 2017, 11:22 PM

I am not sure. But I would think it is required as all manner of withdrawals of FD ( cash, Rentas, banker's cheque)has to be routed via CASA . That's what the teller tells me when I complain about the extra steps she's taking .


CIMB promos usually not advertised. Just go ask the branch manager .

I feel sometimes it's up to the manager in charge if they want to go ask HQ for the approvals. Also depends on how much the bank wants/needs the deposits.

This post has been edited by ??!!: Mar 7 2017, 12:38 AM

Promo valid until went ?

Klcc has the promo, just asked. For PB only.

This post has been edited by HarpArtist: Mar 7 2017, 08:45 AM

Does PB mean Public Bank?

preferred banking

I think is Private Banking

OT a little bit since I saw some interesting definition of PB.

In most cases here:
PB refers to Priority/Premier/Privilege/Preferred Banking.
For different banks, the requirement is from 200k to 500k (UOB).

Private banking requirement is onwards of 1 million, or rather 3 million.

Most banks you can use CASA or FD to meet the requirement. Some include loan amount as well.

From time to time, banks have FD promo for PB customers only.

This post has been edited by bbgoat: Mar 7 2017, 11:59 AM

Not the only investment, but majority on FD. Since i have no guts to go for higher risk investment.

for the ocbc 4% can i just ibg from mbb to ocbc an eligible for the fd promo?

thx

Hi,
I have a question there is a investment plan from insurance co.
i.e. invest 3600.00 per year for 10 years, and returns is 17% (612.00). This is guaranteed for 10 years. the next 10 years, return is 33% (1188.00) per year.

End of 20th year the investment of 36000.00 returned.

Q: is this better than FD investment or I am missing something here?
Advice is appreciated.

Thanks

Assuming current FD rate say 4% pa. never change for 20years, at the end of 20 years, you will get yearly compounded interest + principle RM115,089.00
Now you compare with the investment plan, which one is better?
Write down your calculations.

better ask in insurance thread. you need to know one simple thing... insurance companies don't sell investment plan. it is still an insurance plan, at the end. think about it that way.

Too good to be true.

In 11th year, you already invested 36,000. Is 1,188 still 33% of 36,000?

Best to re-post your question here
Insurance Talk V4

" the next 10 years, return is 33% (1188.00) per year."

Where got? The principal u put in already 36k! What's 1188/36000 as a percentage? Less than 4% only.

Do the same for 1st 10yrs...ie principal increasing every year but return fixed at 620. By 10th yr, return less than 2%

Does the RM 612 increase From 612 to 1224 to 1836 every year? If No that is not 17%
And like ^ said, definitely not 33% after 10 years.

This post has been edited by IamNOT: Mar 8 2017, 08:56 AM