If you placed today, 15 June 2023 for the 4.5% 12 months FD, the maturity date would be 15 June 2024 (not 14 June 2024) assuming 15 June 2024 is a business date.
Since 15 June 2023 is a Saturday, it will bumped the date to be next business date, Monday 17 June 2024.

I believe 17 June 2024 is a tentative but not a confirmed public holiday as yet. Like all Islamic festivals, the date for Hari Raya Haji is based on astronomical calculations that rely on the sighting of the new moon.

As I know, most bank system will catered for tentative or ad-hoc holidays. In your case, if confirmed 17 June 2024 is Hari Raya Haji, system will moved the maturity date to 18 June 2024. Caveat: I am not sure whether BI support this

I remembered in 2018, May 10th and May 11th was declared public holidays. The declaration was done very late on 9th May or early morning on 10th.
I got 2 CIMB FDs. One maturity on 10 May 2018, another maturity on 11 may 2018.

The one maturity on 11th May 2018 was moved to 14th May 2018.
The one maturity on 10th May 2018 was not moved, still matured on 10th May 2018.

I guessing probably too late for the bank to change the setting for ad-hoc holiday for 10 May 2018.

Hopefully your FD is moved to 18 June 2024.

On 22 June you can withdraw your FD.

RHB got 1month eFD 2.65%, valid until 15 Aug 2023, minimum placement 5K.

Last week, was at RHB branch, branch manager offer OTC, 4.15% 12month FD for premier customer, minimum placement 100K.
Not sure whether this is still valid or not.


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MBSB 1 mth eFD offers 3.0% p.a
Should be one of the highest 1 month FD currently.


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RHB call it a promo (until 15 Aug). For 1mth FD, 2.65% is so-so standard rate. Better than most banks except for Muamalat & MBSB
For comparison, I just have a quick check. As at now,

CIMB eFD 1 month is 2.60%
OCBC eFD 1 month is 2.55%
AMMB eFD 1 month is 1.90%
HLB eFD 1 month is 1.75%
B Muamalat 1 month is 2.95%
Affin 1 month is 2.55%
MBSB 1 month is 3.00%

Not sure about other banks.





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M2U and MAE apps are both Maybank mobile online banking app.
MAE has additional features such as eWallets + so called lifestyles features such as purchase air ticket, split bills, request money from family or friends etc

Both have Secure2U to approve online transactions. But effective 1st July, 2023, Secure2u on the MAE app will be the only way to approve online transactions that required authorization. No longer part of M2U app.

https://www.maybank2u.com.my/maybank2u/mala...ymaybank2u.page

Note that new customer (without any Maybank account) can use MAE app as a eWallet
https://www.maybank2u.com.my/iwov-resources...g/MAE-i_FAQ.pdf

p/s: One aspect of MAE app which I do not like is that it required access to my phone contacts. I believe this is required by the Request/Send money feature.
I had removed this permission from the app as I do not use this feature. For that I will be an annoying warning during the MAE app startup - Denying the permission request will cause the application to behave unexpectedly which I just ignore. So far the app work just fine.




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In your FD details, what is the accrued interest/profit value?

I had done eFD placements at different banks using FPX transfer from MBB. So far, no problem.
May I ask, what time did you did your 2nd 20K eFD placement?
Thanks.

I had eFDs with RHB. On the date of maturity, I always redeem. So far no problem.

If your final screen shows RM0.00, then it correct.
Because if you are doing a premature withdrawal or early upliftment of your FD, system will show a warning of how much it will forfeits your interest.

This post has been edited by sirius2017: Jun 26 2023, 09:03 AM


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Your eFD is matured today and likely to be auto renewed.
RHB system will processed the changes at their end of day night processing. Somehow RHB online cannot reflected the new information today like other bank online system.
This is why you are still seeing the current information which is confusing.

If you wait until tomorrow, you will see your FD renewed etc and had accrued interest for 1 day based on new rate.
You will see the screen similar to mine where you will lost 1 day interest if you withdraw.

Go back to the home branch when you originally placed your FD.
Reported that you have lost the FD cert. You will need to pay RM10 per cert for stamp duty.

During the Covid time, I had reported "lost" of BI FD cert. Told the teller I couldn't find them etc.
Just have to pay RM10 per certificate for stamp duty and signed some paperwork and you are good to go.

As at now,
BI 4.5%, OTC (over the counter) placement, min 10K.

For online placement, PB offer eFD 4.05 for 12mth.
Last day on promo is 30 June, 2023. Tomorrow.

https://www.pbebank.com/Personal-Banking/Pr...paign-(18).aspx

You should browse back the last few pages of this thread. There are mentions of Bank Rakyat 4.22% pa etc


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Can do online.
Use this link to register an online ID.
Register myASNB and start managing your ASNB funds

A good lowyat thread on ASM
Ultimate Discussions of ASNB Fixed Price UT, Magical UT only in Malaysia

If you got time, do some selective reading from May 1, 2023 postings.
Take advantage of the current availability of ASM units to buy some.

Where can I open a new account, subscribe and redeem my investment?
Maybe best to continue further queries at the ASNB thread. Lots of sifus and long old ASNB timers there.

Ultimate Discussions of ASNB Fixed Price UT, Magical UT only in Malaysia

This post has been edited by sirius2017: Jul 4 2023, 02:41 PM

Enjoy this exclusive one-day rate with your eFD/eFD-i placement. Just HLB Connect It.




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Look like 'either one to sign' clause only applies when both account holders are alive.
There is also mentions of a "survivorship clause", which means in the event of death of one of the joint account holders, the surviving joint account holder is entitled to the monies in the joint account.

JOINT BANK ACCOUNTS: WHAT HAPPENS IF ONE OF THE ACCOUNT HOLDERS DIES?
LETTER:Uniform bank policy needed.

This post has been edited by sirius2017: Jul 9 2023, 11:30 AM

Some banks now include "survivorship clause" in their TnC. In the event of death of one of the joint account holders, the surviving joint account holder is entitled to the monies in the joint account. Bank will pay the account balance to the surviving account holder(s) and Bank is indemnified against any proceeding, claims etc.
So if you have joint-account in these banks, the surviving party will get account balance.

https://forum.lowyat.net/topic/4154481/+27768

Some of the Banks TnC
https://www.pbebank.com/pdf/Banking/pbeFD001eng.aspx
Public Bank
Joint Account
8.1 We, the account holders agree that in the event of the demise of one account holder, the Bank is authorised to pay the
balance standing to the credit of this account to the survivor(s) and such payment shall constitute a valid discharge by the
Bank of the amount due in this account.
We jointly and severally agree to indemnify the Bank and keep the Bank indemnified at all times from and against any
proceedings, claims, losses, damages, penalties, charges, costs and expenses brought against or suffered or incurred by
the Bank as a result of the release of the credit balance in the account to the surviving account holder.

https://www.ocbc.com.my/assets/pdf/Help_and...ort/ocbc_en.pdf
OCBC
8.2 Upon notice of death of any one or more of the joint accountholders, the Bank shall be entitled
to pay the deposit, credit balance or investment, as the case may be, to the survivor and if more
than one survivor in their joint names. The Bank is authorised to set-off the indebtedness of any
of the joint accountholders under any account with the Bank .The Bank may permit the surviving
accountholder(s) to continue to operate the Account subject to terms and conditions

RHB TnC for joint account holders are more specific in the event of death of one of the joint account holder.
Different for All to sign or either to sign.

If either to sign, SOP is the same. If joint-account is jointly operated by the account holders (All to Sign), then bank will freeze the account and surviving account holder need to get probate/LOA to proceed.

https://www.rhbgroup.com/general-info/pdf/account-terms.pdf



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