hi sifu sekalian, please bear with me for a simple question. i am budak baru belajar, saving reach 20k (celebrate ) so i was thinking to put 10k in FD but at the same time want to make sure i understand the premature withdraw correctly.

so i was looking at the MBB eFD (http://www.maybank2u.com.my/WebBank/edFlexi250316_tnc.pdf)

in table2 scenario where it says premature Withdrawal, the last column (*Interest Payable & Penalty Calculation) means if i need to withdraw the 10K out for emergency, the value in the table is the prorated interest i gain? or penalty $ i need to pay for withdrawing before FD mature?

Hi guys, beginner here. I have been saving under Maybank FD and have never take out my funds before (I let it auto renew and roll over the interests). Anyway, I want to put my FD into Hong Leong Bank for a promotion that needed fresh funds, but I have no idea how to do it.

First, I assume fresh fund is something that is not from their bank account, so I think I passed that criteria.

Second, how do I send the fresh fund over? I have no cheque book. Do I use IBG or some sort? Bank draft? The sum is about 20k, so I am unable to take them out in cash.

Thanks in advance!

no le, the account creation is done online too. usually takes 2 days for the placement to show in m2u.

*update: immediate placement now*

subsequent placement, will be immediate to the same acct number (gia-i)

if u place a conventional efd, another acct is will be created.