Jun 3 2016, 02:34 PM
QUOTE(sushix @ Jun 3 2016, 01:55 PM)
For me, I think that Maybank internally should be the one who take the responsibility, as the policies does not stated clearly. It seems like Maybank does not fixed the rules clearly. Of cause the branch staff is also the one to be blamed for not giving the right instruction.
I mean, surely 99.99% of the people who applied this FD is because of it's second 4 months high interest, there is really no point for them to offer an option that would cause the FD failed to renew to the next 4 months.
Last time when I made the step-up FD in public bank, they mentioned that this FD can't set to "Principal to be deposit back to account at the end of tenure". I was curious about this rules as it is so mafan that I have to come back again at the end of the tenure to withdraw the money. Now it is explained
This is sort of a disadvantage compared to non-step-up FD
For those with Maybank FD, there is a Instruction printed in the cert, I bet most of us didnt pay attention to these details.I mean, surely 99.99% of the people who applied this FD is because of it's second 4 months high interest, there is really no point for them to offer an option that would cause the FD failed to renew to the next 4 months.
Last time when I made the step-up FD in public bank, they mentioned that this FD can't set to "Principal to be deposit back to account at the end of tenure". I was curious about this rules as it is so mafan that I have to come back again at the end of the tenure to withdraw the money. Now it is explained
This is sort of a disadvantage compared to non-step-up FD
1. under Penyelesaian Wang Pokok (Disposal of Principal Sum) printed as 'RENEW', check yours.
2. Also check Pembayaran Dividen (Payment of Dividen) printed as "CAPITALISED (MONTHLY)"
I also not sure on the part Profit Sharing Ratio: 30% Bank, 70% Pelabur (Investor). Maybe someone can help clarify after looking into your cert first before comment.
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