Hope you guys had a great weekend,
The True Banking is truly amazing, as we already have an impressive saving account, now i am suggesting to have a True FD account.
The tenure of True FD begins with one month, @ 3.15% p.a,
however, when the FD matures, you choose not to withdraw, the 2nd rollover will be 3.2% p.a, 3rd rollover 3.25% p.a... the FD rate will be increasing by 0.05% p.a every month.
Of course, to prevent the bank from bankrupt, there will be a cap for the highest FD rate, I leave this for the professionals to decide.
I will prefer 4.0% p.a
Banks run multiple programs throughout a year be it cash back, dining deals, shopping offers, you name it. But sometimes, we may miss the opportunity to enjoy it if it doesn't come timely for us.
For example, there could be a really awesome deal at this lovely restaurant but there's no occasion to go for it. Or it's cash back month now but we just splurged on shopping the month before.
So here's a thought. Wouldn't it be wonderful if as a community, we're able to vote and decide when we want those deals to happen?
Cos maybe it's more timely to have dining offers during Christmas or Valentine's period. Or cash back program to be running during mega sales period when we get to enjoy even more discounts thanks to TRUE by AmBank
Yay or Nay?
TRUE should have one account only -- not divided into two accounts, saving & current. Any amount depositted into the account can be used for debit and saving purposes. Any amount that is not utilized may be given interest as saving. Money can be easily deposited into the card with only account. It will be much easier for the card holders to handle their account.