Most banks cut the interest rate for FD to 3.5% p.a. since Dec 1st, 2008.

now mostly all 3.4% onli "...

Maybank always refuse to open FD account for customer 

cut again .. keeping money in fd seem less n less attractive

I doubt that since it has been updated and revised.

Last month was roughly 2.5% p.a.

This month is roughly 2% (revised rate).

Word of advice, get the explanation from the bank and hear it out first. After that only decide whether or not want to proceed to complain to BNM.

FD, "Fixed" deposit, once it have started, interest rate is fixed throughout the tenure of the deposit, no matter what government's  policy. So, on the FD maturity date (the end of tenure), the bank must pay you the interest earned based on the rate when you start the FD.

cannot be la bro... have a look at ur fd cert... i am sure its state there when u place it... cannot lari one...

It's an e-FD. There's no physical cert unless you printed the notification.

I have checked online about my eFD, the rate is still remain the same as the time when I open/placement of my eFD and I can see clearly see that online the FD interest rates, whenever I logon to CIMBclicks. Also, I have keep/printed out the online eFD receipts, and I checked back the receipt and it is same as what is stated in the online. Besides, I received the statement of accounts (for all my accounts opened with CIMB) like saving, current and eFD accounts, and also the eFD rates (as well as the amount of FD interest earned or the amount will be earned) are also indicated in the statement also. Those statements are sent to me, whenever, I place/open a new eFD or any of my eFD matured and also year ended. One more thing, for each eFD, the total amount interest will be earned are indicated in the statements also.

My eFD is tenure/duration is 3 months, mature every 3 month, and it will auto renew every 3 months. So, I receive the statements at least every 3 months. Once it matured, it will follow the latest (new) FD rates - of course.

Also, I do have eFD in Maybank2u and I also have current (premier1 account) with them, their statements sent to me, do not indicate the eFD so I could not see the rates and the future interest earned. Just now, I logon to Mayban2u, yes, then I can see my eFD, but there is not nothing indicate about interest amount that I will be earned. Thanks that you all put out an issue here, and I plan to withdraw my Maybank eFD and place it to my CIMB account. Then, when I logon to internet banking, I will feel more comfortable (since the gov keep changing the rates).

by right, regardless of eFD or FD, the interest rate will be based on the very moment you open the FD account. therefore, let say you open the FD account at that time where the interest rate is 3.5% per annum, regardless how it rise of drop during/at the maturity period/date, it'll be still 3.5% (according to the interest rate when you open the account)