To share the requirement to become priority/ preferred/ gold customer of different bank in order to get the better rate of housing/ commercial loan than a regular customer and to increase borrowing capabilities.

MONEY!

I would say CASH.

min 500k or 1mil depends on which bank.

and please don't confused with short term benefit and long term commitment.

I never feel all these gimmick worth my effort.

I will go to whatever banks that give me better rate for deposit and borrowing, period.

This post has been edited by BEANCOUNTER: Oct 20 2018, 02:47 PM

MBB 200k
CIMB 250k
CITIBANK 200k
In deposits.
I don't know about the other banks.
This post has been edited by gooberhock: Oct 20 2018, 02:53 PM

cimb 1mil already if you want to be their priority customer. received a letter from them 2 yrs ago.

RHB don't know what is the floor limit but I did get their invitation after I placed a sizeable deposit with them. I straight throw into my trash bin.

how much your deposit in RHB? 😆

cannot terang terang say here lah……..

way above what goberhock has suggested.

For a combination of deposit and / or investment product:

1. Alliance Privilege - 300K;
2. CIMB Preferred - 250K;
3. Maybank Privilege - 250K;
4. UOB Privilege Banking - 500k;
5. HSBC Premier Banking - 200k;

Not sure about the rest.

For housing loans, all the banks stated above are very competitive at the sub 500k loan, but for CIMB, the rates are much better for loan above RM 1million.

This post has been edited by Hisham8686: Oct 20 2018, 04:34 PM

how come CIMB sent me a letter advising me that I need 1mil deposit/investment product in order to keep my preferred status?

do they 'offset' your net worth with CIMB with housing loan?

My limited knowledge told me tat

1. Privilege / premier
2. Private (???)
3. HNWI
4. UHNWI

Dun hoot me. I alwiz at the wrong end wan.

dun think there is ringgit limit put on HNWI by each individual bank.

if one person can beat 10 persons, am sure bank will give the person UHNWI....if they don't want to get beaten.

I guess I din put any amount indicating any level but bean boss mean any amount for UHNWI???

sori dun understand your question.

am not that smart even thought i look smart enuf....

It's OK boss siudai England no gd. My bad. 🙏🙏🙏

Not sure about that, according to the Edge‘s advertisement, it’s definitely RM250,000 for Preferred Banking. The 1M threshold is probably for their private wealth banking segment.

UOB is by far the bank with the most discerning criteria in granting privileges. They have strong relations and presence amongst SME in Klang and Shah Alam, Klang branch alone has more than 10billion in deposit.

This post has been edited by Hisham8686: Oct 20 2018, 07:09 PM

Yours should be private banking I guess😊

private banking and priority banking different?

I thought in CIMB, either you queue up like anyone else, or go see yr personal banker, no?

am not Zahid or jibby, where got criteria to qualify for 'private' wealth...…..

To be bluntly honest, the distinction is very subtle according to CIMB Preferred website，except for the commitment quantum, 250k vs 1million. Even for Preferred customer, there’s always a queue.

Dun blindly follow bank la. Siudai onli fren fren with bankers. I ikut je mana dia orang pigi.

U follow bank u need to go bank. U follow banker he or she ll come to meet u in ofis.

Nasib baik I'm not qualified to b any of the P mentioned above. 🙏🙏🙏

This post has been edited by ManutdGiggs: Oct 21 2018, 07:36 AM

Ultra rich

Excerpt:

But zooming back in to the 487 ultra-rich individuals as of this year, only 33 of them have a wealth of at least US$500 million or RM2 billion.

Out of these 487 persons, 184 are either already billionaires or have at least RM415 million assets (US$100 million-US$500 million category), and the remaining 270 are in the US$50 million-US$100 million (RM207.9 million-RM415 million) category.

One step below the ultra-high net worth (UHNW) individuals are 46,215 individuals who are categorised as high net worth (HNW) individuals, namely 2,697 in the US$10 million-US$50 million (RM41.58 million-RM207.9 million) category, 3,963 in the US$5 million-US$10 million (RM20.79 million-RM41.58 million) category, and a significantly larger number of 39,555 individuals in the US$1 million-US$5 million (RM4.16 million-RM20.79 million) category.

If it feels like the super-rich are an exclusive club in Malaysia, that’s because these 46,702 UHNW and HNW individuals collectively only amount to 0.2 per cent (not even the proverbial 1 per cent) of the 21.372 million adults in Malaysia.

This post has been edited by aspartame: Oct 21 2018, 12:09 PM

The remaining 99.8 per cent Malaysian adults have a wealth that either touches or falls below US$1 million (RM4.16 million), with the bulk or 60.6 per cent with wealth below US$10,000, while 36.2 per cent have wealth of US$10,000-US$100,000, and three per cent at the higher wealth range of US$100,000-US$1 million.

ManutdGiggs

This post has been edited by icemanfx: Oct 21 2018, 12:52 PM

Many forumers are quietly "syiok sendiri" knowing they are top 3% of all Malaysians. They are elites in their own rights. Ha ha..

Some even belong to the top 0.2% being above USD1mil net worth.

This post has been edited by aspartame: Oct 21 2018, 12:57 PM

By law of average, 3% and 0.2% of lyn adults respectively.

Through selection bias, higher % respectively for Finance, stocks and property sub-forumers.

Difference between property asking price and transacted price could be substantial, many likely to syok sendiri over estimate self worth.

This post has been edited by icemanfx: Oct 21 2018, 01:45 PM

👌

1. You made the assumption that they calculate based on asking price. They might be more conservative.

2. Differences between asking and transacted prices unlikely to exceed 10% on average.

3. Some exceeded by such a large margin that such puny differences do not make much difference.

There r few 0.2% actually quietly reading tis section.

Onli few ll think speculating stock is beta than the cheap bricks.

Wb n trump r both gd at their own field.

Onli knee deep need operation. Mental issue straight to angmotan land.

Correct. Home owners are richer than renters. More wealth generated thru prop than anything else. Stocks are good for diversification too.

If flood is knee deep, angmotanland will have to be evacuated.

Btw, Singapore is where the elitist private bankers operate from. Names like UBS, JP Morgan, Morgan Stanley, Citi and HSBC private banking etc.

Yes, among 98% of adults.

Yes, so for those who just started, go buy your first prop, waiting for what?

When blood is knees deep on the floor.

This post has been edited by icemanfx: Oct 21 2018, 03:09 PM

Buy ah!

When blood is knees deep on the floor.

Meanwhile, angmotan land awaits.

Buy ah...

Sell

Sell stocks buy prop ah.

Sell all

Need money for knee operation

Ha ha

say until syiok sendiri