AMB 4.1- 3yrs min 50k

was told valid till 20 Jan and subjected to HQ for extension, if any...

believe there is another forumer has updated new rates... seems to be trending downwards...


This post has been edited by Cookie101: Jan 22 2017, 09:27 AM

lol.. really?

the other day the operation manager told me that their HQ revise their rate weekly.. so there's little flactuation every now and then...

UOB.. but the accrued interest of withdrawn is based on completed quarter only and may uplift part without losing the promo rates

12m remains at 3.95
They have some 8 months at 3.75 ⬅️ Can't remember... Call the branch to ask...
Min 50k fresh fund...

first time PB Sign Up only... 100k > x >200k

This post has been edited by Cookie101: Feb 13 2017, 09:34 AM

It gives you the "feel safe" feeling what.. like why people buy insurance- same concept; different approach.

You will never know until it hits one day.. like Northern Rock in UK.

So best to have coverage. My humble two cents.

depends on what type of loan flexibility that you have.. if no penalty and whatsoever then why not?

Did that last year But for 50% of the saved amount only incase lol

Calculation in such P.A. Basis is a standardisation.

U can't expect a bank to publish some 3-5 years promo as smth like 20% ~ now that would be misleading!

Like if a bank offering 5 years promo at 4% - u don't really want that be called 20% return. Cause that is 5 years! Instead of the one year effective rate u are looking at. Hence you look at the overall picture of it being 4% per year. You can just swift the funds the next promo that is offering 4% after current one ends to make it to a year - end day u still get 4%

Anyway- I just lol at the initial statement in the previous pages. No offence.

And yes. I feel like locking it for longer period so that I don't have to bother or move it around.

Less risky than fixed income and guaranteed return.



Confirm 200k in kl... It's part of the T&C in the ambank site...

EVIL BUNCH!!!!!



christmas is coming soon.. be nice!!!! LOL!

-------------------------------

AMB Still have the empowerment rate - but for 5 years only got good rate...

3 years for 4.02%

This post has been edited by Cookie101: Feb 23 2017, 02:32 PM

LMAO!!!!!!!!!!!!

Just had dinner and thought of coming back to check for updates... This made my evening...

Come...

And seriously you have good patience.


...........................

On side note: that's how we derive the total interest we earn, so technically not wrong what...

I'll give you one piece of cookie. With chocolate chip toppings. 🍪

This post has been edited by Cookie101: Feb 23 2017, 07:25 PM

then your funds stuck in HLB For no apparent reason... lol!

you can transfer out 30k per day only...

Lol... I doubt that..

It's their people who determine that. Period.

Anyway... You can:
1. Open new account. Transfer funds to other bank. Then transfer back the next day to new account.

2. Top up the funds. Normally 10% and they'll waive the fresh funds requirement - that's what I was offered... Depends on the branch I guess...

No offence - but you have to understand the teller's position too.

They are tasked by the management to follow rules. If they were to tell u how to counter the management 's rules, who is going to keep them / pay for their rice bowl?

You can't ask them to risk their job for your convenience. There is untold rules hence you come here right?

Just my two cents.

Otherwise just move to UOB? 4% for 12 months.

Too good to be true.

def reduce housing loan first...

since there is a revision of age for placement at AMB, did anyone manage to nego / bypass the requirement?

This post has been edited by Cookie101: Mar 17 2017, 12:18 PM

Encountered that too... They are quite lenient about the fresh funds requirement.. The counter lady offered renewal upon request of upliftment.

But won't place with them till there's better promo. They have a troublesome rules- the most annoying is you must uplift at the branch you place unless the other branch's manager that u want to uplift allows. Otherwise only 20k per slip. If you happen to ask for interest to add to principal renewal then you can't take at all.

It is also restricting interbank withdrawal of 20k. Wtf. First bank encountered to restrict funds moving within branches.

Those who travel or work at other state frequently won't be able to withdraw or uplift due to these restrictions. And by default placement they will lock it to your domicile branch - original account branch. No issue for placement funds to existing account but hard time withdrawal with all those rules.

30000 x 4% / 365 x 28= 92.05

Based on days calculation...

This post has been edited by Cookie101: Mar 21 2017, 03:13 PM

No need nego.. Just pick the best and convenient bank to go for placement- not all nego gives u anything and the RM Will hardcore sell u some investment stuff along the way for higher returns you are looking for... lol


more banks are taking this approach whereby they have this weekly rates changes thing.. Last time AMB was doing the same so dont think you can argue with them succesfully... Just to release some anger by tembak-ing that BM?
They will probably tell u the management bla bla sets the rates etc lol

All other banks... lol

Alliance 4.05% 12m min 50 k
UOB / Bangkok bank 4% 12m HLB OTC (branch) 6m 4%
Affin / MBB- refer page 1...

If you are old enough go for amb 4.35 5 years... or have joint acc with parents lol...