My fixed deposit matures today and OCBC has this 1.3% interest rate for fresh funds. When I wanted to withdraw my fixed deposit and put the funds into the new promotional 1.3% fixed deposit. OCBC said no and reject me, saying it must be fresh funds. I thought it was a ridiculous OCBC and told them , isn't it the same as me withdrawing the CASH, walk out of the bank and reappear with the CASH at the deposit counter as fresh fund? Isn't it the same?
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