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 sifu, so i did the 10k eFD placement last month and now i need the $ means i need to do the uplift, and as you can see from the screenshot, closing balance is 9k+ short of RM27+
so that is the interest it credit to me for May right? now it just took it back.
or this is the penalty i need to pay for uplift before the 12months mature?

please advice.



This post has been edited by tryifelsecatch: Jun 1 2016, 09:56 AM