Fixed Deposit Rates In Malaysia V. No.9, Please Read Post#1 and #3
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 Oct 2 2015, 08:38 PM
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#21
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Senior Member
1,962 posts Joined: Nov 2011 
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QUOTE(bbgoat @ Oct 2 2015, 08:32 PM) I think that is normal bank rules for immature withdrawal. Have never done it before. What about MBB? Affin STEP UP FD has no flexibility for withdrawal too PBB, RHB step up's are OK. No issue.  |
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Oct 3 2015, 05:34 AM
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#22
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Senior Member
1,962 posts Joined: Nov 2011
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QUOTE(aeiou228 @ Oct 2 2015, 11:08 PM) Depositor should be entitle to full interest as advertised in a Step up FD should he uplift upon completion of the first step or the following steps tenure. Yes, this is intended to be grey and misinterpreted, and then they make the kill. Noted Affin and HLB so far, any others?HLB flyer advertised first step 9 months is 4.10% meaning depositor is entitle to 4.10% upon withdrawal on or after 9 months. If indeed HLB penalize 9 months upliftment with half interest payment, then the advertisement of 4.10% for the first 9 months is meaningless or misleading. Why quoted 4.10% when there is no way to earn the 4.10% right ?. In this case, the proper advertisement should be 15 months 4.26% and no step up. |
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