I wonder if the FD that was previously placed b4 the reduction of the interestion will continue to bear the same interest as previously?
FD rates in Malaysia, Which bank offer the highest FD rates?
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 Mar 25 2009, 09:40 AM
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#1
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2,326 posts Joined: Nov 2006 From: Maltese Planet ^_^  
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Mar 27 2009, 12:05 PM
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#2
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QUOTE(David83 @ Mar 25 2009, 09:44 AM) Once the FD renewed, it'll be based on the new rate no matter what's the old rate previously wah so unfair. but the certificate clearly says 3% and how could they change it unilaterally? This post has been edited by andyfriends: Mar 27 2009, 12:13 PM |
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Mar 27 2009, 08:54 PM
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#3
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QUOTE(lwb @ Mar 27 2009, 02:29 PM) the cert has a tenure date.. once the tenure expired, the new rate precede the old one printed on that piece of paper. Wah, like this also can. It is so unfair. I tot the interest rate is printed on the FD and that it becomes a contract and binds the bank. Will double confirm with the Bank again.the auto renewal mechanism/option allows you to keep that out-dated cert in order to reduce cost of printing new certs.. |
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Mar 27 2009, 09:12 PM
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#4
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QUOTE(cherroy @ Mar 27 2009, 09:03 PM) Once tenure expired, then it is auto-renew at prevailing/existing rate (at the date when the FD expired). So previous rate is not carried forward. Oh u work in the bank?The contract is binded until the tenure, not the whole life lah. Don't need to double confirm, I triple comfirm with you.   |
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