Announcement on No Interest Payable for Premature Withdrawal of MYR Fixed Deposit (Effective from 1 January 2019)

Dear Valued Customers,

With effect from 1 January 2019, no interest will be payable for  premature withdrawals of MYR Fixed Deposit (FD) that are placed or renewed from 1 August 2018. For premature withdrawal performed before 1 January 2019, the existing terms and conditions on interest for MYR FD is still applicable.

For better illustration, kindly refer to below:

Date of Placement or Renewal Date of Premature Withdrawal Interest Payment
Prior to1 August 2018 Prior to 1 January 2019
  • No interest will be paid if the FD is withdrawn prior to maturity before the completion of 3 months;
  • For the FD that is withdrawn prior to maturity after the completion of 3 months, interest will be calculated and paid at half (1/2) of the original contracted rate for each completed month.
From 1 January 2019
From1 August 2018 Prior to 1 January 2019
From 1 January 2019 No interest will be paid.

 

Should you have any enquiries, please contact our customer service centre at 603-2059 5566.

Thank you.

Bank of China (Malaysia) Berhad
10th July 2018