Bro, cant seem to accesed your blog for a few days.

Just check my FD cert, woah my data is wrong a few already expired, going to OCBC tomorrow..

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Added on August 14, 2012, 10:07 am

Just an update from BR. Went for upliftment, counter clerk says has to split to a few Banker Cheque, as Manager is not around so asstant cannot sign above limit. Each cheque willcost around RM2.xx. Silly bank, i ask who is going to pay for the extra cheque or my daily interest if i wait for the manager to be back. Then only do they agree to waive the charges.

For premature withdrawal at BR there is a premature withdrawal rate table. I will post later as still at Bank.
Premature withdrawal rates for 60mths deposit is 2.94%..better 0% for most banks..

Just a precautionary note to musical chair players, pls calculate actual principal plus interest before upliftment. In my case I was promised extra 0.05% although the interest in RM printed on the cert stated board rates. The staff had assured me before that their system has already recorded it. Being cautious, I tally up the amount on the Banker Cheque and lo behold the extra was not in. Have to wait half an hour again for new cheques.

When you commit yourself to 60 mths FD, you are very lucky to even get a single sen interest. For other banks even those with monthly interest remitted to savings, they will take back every single sen. If not who in the rght mind want to deposit in 1 mth, 3 mth, 6 mth, 9 mth or even 12 mth FD. We are also not that stupid lah..though low IQ maybe.. count your blessing you deposit at Bank Rakyat...

Ps: Pls dont make a fool of youself at the bank, plss...ase

The premature withdrawal rate I quote is not for public knowledge thats why you did not get an email reply, i think.
Its shown to me as I am on good terms with the officers.

It means profit will be paid to you monthly if you invest/deposit 6 mths period RM20k above. Contrary to that, BR assured me that deposits above 3 mths, interest can be paid monthly.
So it does not say what happen if you did not keep your end of the bargain I mean investment....
Pls go to BR and ask... as I have been to BR to inquire on your behalf.

To understand it further look at KFH terms & conditions which are much clearer, or we can discuss until the cows come home..

Ps: In Islamic Banking it is willing buyer & willing seller. Both must keep to their contract. Bank agrees to pay as mentioned while you agreed to deposit as mention ie 60 mths. In Muslim countries, at bazaar, the standard phrase are said, (interpreted) Saya Jual, Saya Beli..

I only intend to keep one year FD but open five years FD to enjoy the 4.6% rate. At second year I withdraw my FD and complained if I don't  get 4.6%?

Actually, I have an official copy (official internal circulation allowed only) of floor rate for premature withdrawal. As mentioned 2.94%.. and still you persist. Official copy also dont want to believe whats more to say lah..

Hello, do u even understand the concept of FIXED DEPOSIT?

U get 4.2% if at the onset u opt for 2 years FD and u keep it to maturity.
If u place 5 years i.e. 60 months FD at 4.5% at then withdraw after 2 years, u get 4.5% x 1/2 x 2 years (applying conventional banking FD rules), NOT 4.2%

If you are a person of principles then you will understand what you are requesting. I can show people personally but I cannot allow others to copy it. One thing you must be aware of is that I do not gain anything from the info I willingly and using my own time(not to mention kill a lot of brain cells in the process) enquire for you. Must sometimes learn to trust people..

Its a promise I make to a friendly bank official. Will you respect me If I break a promise just because you dont trust me ? 

sounds like your FD logic work like this,

example 3 mth FD 3.5%, 6 mth FD 3.6%, 9 mths FD 3.8%, 12 month FD 4%.

if a person open 12 month FD and decided to withdraw prematurely

after 3 month will get 3.5%
after 6 month 3.6%
after 9 month 3.8%

???

I think we are dungus for depositing at 3 mths when we should be depositing at least 20 years. Come to think of it why not 50 or 100years..?

Does not matter if 20 years get 1% as can cancelled anytime by your logic can go back 3 mths rate ..

No offence, but SERIOUSLY your understanding of FD is TOTALLY FLAWED and yet u talk like everyone else is wrong

My answer already given in the previous page, I don't wanna repeat anymore

if i no mistaken, mbsb is no pidm protected