No it isn't the best.

The best deposit rate in Malaysia with unlimited free withdrawals/deposit and interest calculated daily is EON bank Hi-Flexi. If your balance exceed RM50k at any day, you will get similar to 3 month FD rate which is 2.90% currently. 

For those who don't have RM50K, go for the second best with CIMB Money Multiplier Account at 2.50% for deposit balance above RM10k.
3 FREE withdrawals a month (subsequent withdrawals would be charged RM5).
No monthly maintenance fee.
These types of deposit account are most suitable for business people, market punters, IPO players, property flippers etc etc or in short for people who always mobilize their funds whenever there is an ad hoc money making opportunity.
Tell me which bank offers better than EON bank with features like saving accounts and I shall give you a small reward.

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Added on June 23, 2011, 3:17 pmBy the way, don't be fooled by Affin's rates. is a tiered rates. I just confirmed with puchong branch yesterday. unless you open plus2 account but I have not reach 50 years old yet.

CONCLUSION: I believe for starters/fresh grad like me, M2U savers is the one to go for, coz it only requires RM250 as min initial deposit and RM2000 monthly balance to enjoy the 2.1% p.a. Then, once it exceed RM10,000, can consider changing it to CIMB Money Multiplier to get the 2.5% pa. Lastly, when it exceeds RM50,000, can put into EON High Flexi to get the 2.9% pa interest!  I seem like a dreamer... 

Yes, Affin is on tier basis.

Are you sure Eon Bank is on entire balance?

Good plan. Keep it up young man.   
I think I should rank M2U Savers as third best. 
I'm a Hi-Flexi account holder since it launched some time in the early years of millennium therefore I'm pretty sure the interest is calculated base on the entire balance. I love to park my working capital in this account to earn FD interest rate while waiting for any ad hoc investment opportunity that comes along.

Does it have cheque facility?

Hi flexi is a savings ac, no checking. You can open a current account and apply Internet banking to link your savings ac and the current ac for free n unlimited fund transfer to n fro.

Wow.. transfer from savings to current or vice versa are unlimited amount?

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Added on June 24, 2011, 9:50 amBut Eonbank sudah dimakan oleh HLB.. Wonder if this account will be gone soon?

Good plan. Keep it up young man.   
I think I should rank M2U Savers as third best. 
I'm a Hi-Flexi account holder since it launched some time in the early years of millennium therefore I'm pretty sure the interest is calculated base on the entire balance. I love to park my working capital in this account to earn FD interest rate while waiting for any ad hoc investment opportunity that comes along.

Why the shock ? All Internet banking accounts allows unlimited amount fund transfers within your own accounts and this is pretty standard feature wat ?
As for merger with HLB, no one knows what future will be, so I opted to enjoy the benefits first.

any advantages or disadvantages for this maybank savers? any 1 can tell me ? thx

Interest is calculated daily And credited monthly. You will get accumulated interest on the days that your balance is 2k or up.

omg...i thought combine also..... mean can we touch m2u savers account money after we put in example like 2k ?