negotiating interest rate on fixed term deposit??
negotiating interest rate on fixed term deposit??
Has anyone had any luck doing this? Rates advertised by MFIs vary from 5-8% but I've heard that it may be possible to negotiate a slightly higher rate sometimes.
Following this thread.
I have a large KHR sum maturing at WB Finance (used to be Vision Fund) from a 12% p.a. 3 year term account. I'll be leaving them and probably taking it all to Amret (10% for 4 years term!) but would like to try and spread it about between different MFIs at a similar rate.
FYI - HKL offer an (advertised) 8.25% on the USD for 12mth.
I have a large KHR sum maturing at WB Finance (used to be Vision Fund) from a 12% p.a. 3 year term account. I'll be leaving them and probably taking it all to Amret (10% for 4 years term!) but would like to try and spread it about between different MFIs at a similar rate.
FYI - HKL offer an (advertised) 8.25% on the USD for 12mth.
10% is paid at maturity. As I guess it is not compounded, it is actually 1.4 elevated to 1/4 = 8.75%
Personally I think you're safe with Prasac, they hold so much capital - more than any bank, last time I checked.
They also pay 8% on USD, remitted monthly into an instant access account compounded at 3.5%.
I don't think they negotiate on rates till the $200000 level.
This was as of a year ago. And then nothing lasts for ever.
They also pay 8% on USD, remitted monthly into an instant access account compounded at 3.5%.
I don't think they negotiate on rates till the $200000 level.
This was as of a year ago. And then nothing lasts for ever.
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