If you are considering this account as a 'pure FD' style, just put in and leave it, then I agree.

If you use it as a temporary short term FD then I think may work out better. In particular can consider the possibility of shuffling funds between this and another account (so you get the bonus 2% for one quarter, but not for the next). Or if you and spouse (for example) each have one account, then every quarter move it back and forth. Effectively becomes FD with extra work (but also can move money in and out based on some conditions).