QUOTE(cherroy @ Dec 28 2015, 03:20 PM)
It depends on the maturity date of the FD.
1) Some banks fix the maturity date, disregard it is non-working day or not.
2) Some banks will adjust the maturity date according to the working day.
For 2), the interest is counted based on the day completed, so extra day interest is counted.
For 1) if the FD is matured on 1 Jan, the interest will be counted until 1 Jan, then the FD is deemed rolled over or auto-renew on 1 Jan. So by 4 Jan, you have 3 days interest, that whether bank is paying for it, this I cannot answer already.
As for my experience, I did ask for the extra days of interest before, due to sudden holiday before (the FD matured on a date was announced as sudden holiday), the teller asked the officer, the officer give nod on it to give the extra 2 days interest.
I have 2 FD that matured in RHB that fell on Sat. But as the manager just said cannot give the extra days of interest on Monday, I just let it go. This time as it was over 3 days of holiday and bigger amount, fueled/encouraged by one forummer (one lady I think 1) Some banks fix the maturity date, disregard it is non-working day or not.
2) Some banks will adjust the maturity date according to the working day.
For 2), the interest is counted based on the day completed, so extra day interest is counted.
For 1) if the FD is matured on 1 Jan, the interest will be counted until 1 Jan, then the FD is deemed rolled over or auto-renew on 1 Jan. So by 4 Jan, you have 3 days interest, that whether bank is paying for it, this I cannot answer already.
As for my experience, I did ask for the extra days of interest before, due to sudden holiday before (the FD matured on a date was announced as sudden holiday), the teller asked the officer, the officer give nod on it to give the extra 2 days interest.
So lets see on next Monday for me to get the 3 days interest. Around RM100 (depends on the rate they are giving me as it was a step-up rate, last one 5.38%) !
This post has been edited by bbgoat: Dec 28 2015, 05:50 PM
Dec 28 2015, 05:47 PM

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