I just used the public bank ATM to transfer most of my funds into 12 months Fixed Deposit, the ATM ask me to go to counter to get some recepit after 3 days but it's been 2 weeks I have yet do it, is it necessary for me to get the receipt? If not will I get the puny 2.5% interest after 1 year? My money in the savings all gone now...

2.5% is really really low, but at this time & situation I can't find a better place to put the money in without huge risks.


BTW what was the return rate for the bonds issued as part of Malaysia Government economy Package to non-malay malaysians? Was it 5% per annum?

This post has been edited by advocado: Sep 15 2009, 02:06 PM

I made a fixed deposit more than 1 year ago but i did it tru atm so i got 1 slip but not the proper one. In order to get the official receipt i need to go to the original branch i opened my account which i didn't have time.

So 1 year has passed the deposit is not back into my savings i was wondering what happen, does it auto renew another 1 year or just sitting in the bank with 0 interest?