Yes. Stupid move. After maturity, just remove and dump into the another bank with the highest interest. No banks will give you higher interest after their promo rates. Why should they?    Banks are doing business. They hope that you will forget to remove your FD upon maturity, hence they do not need to pay you so much interest. If you are lazy to move your money around every year, dump into 5 years FD. After 5 years, then only you move your money. Interest will not be added to the original amount (prinicipal)

Yes. 50 years right? EPF. You cannot remove your money until 55 years old and compunding interest will be at work. Interest given is ~6.75% p.a

Another one is ASX FP (6.x% p.a). That's what I am switching all my FD to. Too lazy to keep running to the bank every year.

The question is are you willing to let the government touch your money (EPF and ASX FP)? 

More info :
ASX FP - https://forum.lowyat.net/topic/3779176
EPF - https://forum.lowyat.net/topic/2705461

That's the idea.
Money is locked up for 5 years. You do not need to go chasing for FD promo every year.

With 5 years FD, you will need to open a SA. Interest will be given every 6 months or monthly (if you are more than 50 years old - some FD) into that SA. The interest will never be added to your original amount

Bro, never say never 

Last month I mentioned here that Affin Bank renewed my matured FD and gave me their Promo rate of 4.2% 12 months. All I had to do was talk to the Service Manager.

For UOB case - yesterday I had 1 FD maturing and another 3 next week. My RM told me that she will request 4.5% 12 months for all 4 FDs and within 15 minutes she told me that she had received approval from HQ for all 3 FDs. I am sure you are aware that UOB current promo is 4.4% for 12 months (if not, see Post#1). Therefore, I got higher than their "official advertised" Promo rate!