Need some feedback from those who have experienced this.

Suppose I have an FD with BR at 0.1% higher than the normal rate. On maturing, if I leave it without withdrawing, will it be renewed at the higher rate? Or back to the normal rate?

Thanks.

Just opened 2 junior FDs. The 3.98% rate is still available. But need to open a SA (no book), min RM20.00, I asked them no monthly interest  why need SA? End of 1 yr i will take all together.

Free gift from Kuwait Finance is so 'kiddy'- 2 sets of stationery and a generic  cheapo pen. BR better anytime.

But the service is good, i spent only 10 mins signing the forms and she delivered the FD to my office 7.0pm. She offers to come and collect cheque for future placement.

Pro: Got PIDM
      can avoid putting too many eggs in BR basket.
Con: No monthly interest, so  can lose upto RM33 a year for every    50k compared to if there is monthly interest payment.

but what to do?no better rates around.....

With that I foresee the country will face very big challenge in 2015 and the GST is likely reduced or withdrew in 2017 in preparation of GE14.

Did you ask them to mail it to you ? BR operate slightly different from other banks. I even have ABM saying want to send the cert to my house. 

It is normal practice for BR, usually it takes 3 days, you can either go to their branch and get the cert; OR, ask them to send to you via mail.  I collected myself at their branch last time after 3 days.
But if you show them CASH for your intended FD on the spot, then you'll get your cert on the spot too, of which i just did it yesterday =)

Just airing my frustration with BR.

My FD was due last Thurs and I went to the bank to withdraw. But the computer system was down. Waited for 30 mins there hoping that it would be back on line. Left after 30 mins as it was not back on line.

Called the bank to see if the system was back on line. Only got ringing tone and no one answered. So went to the bank again. Only to find out that the system was still off line. Something wrong with their fiber optic line which also affected their phones. Thus my call earlier did not get through. Asked them to call me once the system was ready.

Called again on Fri (phone was working) and said the system was still down.

Called the bank this morning to ask about their online system. Said system was working. Went to the bank and to my horror, it was packed with customers (being the end of the month). There were about 30+ customers ahead of me and I left the bank. Came back after 1 hr and I still had 15 customers ahead of me! Came back another 1 hr later and my queue number has past. Nonetheless, I went to see the section head and she tried to help me after I explained to her the multiple trips I have made to the bank trying to withdraw my FD.

When I asked whether I would get interest for the past 4 days as I could not withdraw when it was due (system was down), initially, the gent said no. I complained and later after their discussion behind the scene, they gave me the 4 days interest. Enough for 2 or 3 durians. Ha.

Just for the slightly higher FD rate, I went for BR. Now this problem, wasting my petrol, parking tickets, time, etc. Is it worth it? If I needed the money for some urgent or important payments, is the bank liable for such unable to withdraw problem?

Maybe once in a blue moon, it is OK. If it becomes too regular, then I will switch to other banks.

P/S For your infor, went to another bank this afternoon, the system was down as well. Don't know why so many down systems at the end of this year. Suggest that you call the bank before you go to the banks today or tomorrow.

My FD pay once a year (4.75% p.a.). Rate is the most important. Still stick with MBSB then. 

Nope, but protected by EPF. 

5 tips to help you retire early..no need RM1mil in bank..
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next logical/stress free tips...

Went to mach ask for better rate of my maturing FD, sad to say 3.7% is their best current offer. They told me to wait till my FD mature and normally notification offer will alert me..