im going tmr

need apply as PW customer then only can get the 4.1% rate. min 250k placement..

not compulsory to take the debit card. Although no annual fees, but got issuance fee of RM10.
anyway mine is under joint acc both to sign, so i memang cant take debit card unless i convert it to either 1 to sign first..
Makes sense since its both to sign, so having a debit card that can be freely used by anyone holding it will clash..

anyway, when apply to be PW customer need approval first from HQ. Once HQ approved then can get proceed with the 4.1% fd..
Mine is just carry over from my existing FD, so i dont know about the process if need transfer to CASA first or BC or whatever..
I guess mine will be treated as if the money is in CASA already, so my process was fast/straightforward.
Mine all in took around 1hour+ to renew the fd, would be faster if i didnt split up the amount and just put it all in 1 or 2 certs

and yes this is true, the branch i go to dont have any RM or even free gifts for joining PW. Zilch nada nothing.
My experience was just like renewing normal FD, nothing special no priority or special treatment, no personal area to sit/wait at or whatever you expect from being a "premier" customer lol..

and I dont even know who my RM is yet, the RM is from BI HQ.. Haven't contacted me or anything. I wanna ask for free gifts also nobody to ask

This post has been edited by Optizorb: Jun 10 2025, 07:02 PM

initially the officer said so, but then told them i wanna split some to smaller amount, so they request and get approval from HQ.
I split 50k into 5 certs, then another 50k 1 cert, the rest all in 1 cert.

i think as long total is 250k and above should be fine, its just that they initially reluctant/dissuade you because more work (and maybe also because some branch got limited amount of certs left so they trying to jimat it)

This post has been edited by Optizorb: Jun 10 2025, 07:28 PM

so it's 3.9% rate right

yes they not well versed with it, in fact they dont know anything about it. once informed about PW 4.1% to them then they check it with HQ then only they know got such thing..

My placement was 1 piece of cert was above 250k, while the rest was split up smaller like i mentioned (10k x5 certs, 50k x1 cert), total 7 certs..
Initially the officer said the same thing cant split, but when i requested how i want to split my FD up they said have to request it from HQ and see whether allowed or not.. In the end allowed me to do it like that..

How much was your placement? Maybe need at least 1 piece to be >250k? If ngam2 250k maybe thats why cant split further?

This post has been edited by Optizorb: Jun 11 2025, 11:37 PM

didn't thats why i said above^

it's a half-assed "premier", that's why amount to qualify also low.. nothing premier about it, just treat it as normal FD. Get it for the 4.1% rate only..

This post has been edited by Optizorb: Jun 12 2025, 10:15 AM

Your RM contacted you ady? Mine nobody contacted me or anything lol

and yes normal promo rate is 4% 12 months.. BM would be better same 4% but got monthly crediting..

the HQ is just right beside Masjid Jamek LRT, so can park at any LRT station and just take LRT there..

This post has been edited by Optizorb: Jun 12 2025, 10:19 AM

Option 1) you can do it over few days @ 50k/day. banks wont care la, they got the records for the source of funds, they know you transferred it out and back in. Diff story if money just keeps coming in out of no where then only they might be suspicious about the source of funds. Even then unless we talking millions, banks got no time to monitor small fry like us..

Option 2) you can rentas or banker's cheque the whole amount. just pay service fees of RM5~6

This post has been edited by Optizorb: Jun 18 2025, 05:02 PM

ohh? thats kinda stupid then..

FYI that is not FD

yup.. only need 500 people maximizing their quota will hit cap dy. dont even need millionaire whales..
that cap per person is low and most people here able to max it out easily..

thats why i dont want start tered about it yet.. Sendiri also cant make any placement yet due to cooling period..

This post has been edited by Optizorb: Jul 4 2025, 05:37 PM

FD once issued is bounded like a contract.

Banks cannot break it, neither can you.

That's why if you withdraw before maturity you won't get a single cent..

That's also why those who took up BM 4% monthly crediting then suddenly got called say it was a mistake and ask you to change it or terminate it early.. If you don't want to do that, banks can't do anything, they have to honour it.

This post has been edited by Optizorb: Jul 11 2025, 05:11 PM

you mean BI PW >250k 4.1%?

Otherwise BI non-PW <250k was also 4%, so you didnt miss anything..

This post has been edited by Optizorb: Jul 14 2025, 03:12 PM

if deposit is >250k, will be under Premier Wealth customer, which can get the higher rate.

and yes now seems BI reduced, no more 4% and 4.1%.

But there are alternative, i.e. Muamalat still at 4%.. So you didnt miss out anything

term deposit = fd = guaranteed returns = pidm protected

term investment = not fd = not guaranteed returns = not pidm protected

This post has been edited by Optizorb: Jul 16 2025, 12:13 PM

nobody make noise with BNM, MBB wont bother to fix