yes i understand about the profit sharing ratio, but what is it based on? 95% of the indicative dividend rate? Which means we will only get 5% of the indicative interest rate (2.25% for >RM2k and <RM50k)? Impossible right?

after profit sharing split between bank (95%) and depositors (5%) <-- this 5% is equivalent to about 2.25% p.a. dividend.

savers' interest and savers-i's dividend are both almost identical.

it's a matter of preference anyway. savers-i has a minor benefit in a sense that <RM2K balance will have daily dividend too. for savers, you need to maintain a balance of RM2K to get any daily interest.

Fees & Charges

A fee of RM5.00 per transaction will be charged if Customers perform transactions over the counter (i.e. at any of the Bank's branches) for transactions that can be fulfilled/done via Maybank2u.com or at the Bank's kiosks (ATM, Cash Deposit Machine, Cheque Deposit Machine). Example of transactions which can be fulfilled at Maybank2u.com/Bank's Kiosks are:

Withdrawal less than RM5,000.00
Perform GIRO transaction less than RM5,000.00
Transfer money less than RM5,000.00
A service charge of RM20.00 will be imposed if the Maybank2u Savers-i account is closed within three (3) months from the account activation date.

I see, thanks for clarifying =)

Why not try to put into cimb equity trust.

Similar like bank account.. just tat this is equities account.

you put the money, if no use, interest is 2.6% per annum. No lock in, no other funny charges.

if you want to withdraw, just inform your dealer/remisier to do it. Takes a bit longer (1 week) to get the money (equities trust - > issue a cheque -> cheque bank in to your account)

But 2.6% with no locking, worth a try.

yes, use m2usavers as ur usual ATM or online transaction. I even asked my company's HR to bank-in my pay into this acct instead. instant high-interest gain

some drawbacks, that i know of:

1) ATM's quick cash only uses your primary, conventional savings account, i guess this will be your KawanKu.
2) Aside from the minimum holding amount to qualify the higher interest rate, refer this page for the misc charges:


Meaning, anything u can perform via M2U or kiosks, no charges/fees. If you perform the same transaction at counter, there are charges of RM5 per transaction.

This post has been edited by cybpsych: Aug 22 2014, 12:18 PM

No, both will direct withdraw from kawanku. If not enough transaction fail. When you go ATM you must select to withdraw from other accounts, just like if you withdrawing from checking account etc when your ATM card is tied to savings account.

Debit card don't use if not enough cash in the kawanku account. In fact, why would you use a debit card at all unless you can't qualify for CC?

interest is paid monthly?

Yup

hi, i have a few questions? i do not have any maybank account now so if i wan to apply for this M2U saver i have to open a basic saving account first? then apply via M2U online?

can this M2U Saver be my salary account for my company? once i have these 2 accounts what use for me to have the basic saving account now? for ATM withdrawal? M2U online??

Hi,

I was just about to open a savers-i account, but then i saw at savers-i page, the indicative divident rate is now only 1.55% for accounts with balance rm2000-rm50000. I thot is was around 2.0++% last time? in this case, wouldn't the savers account be more better 2.25% p.a? as i don't really have any background in economic or banking, can anyone explain why does it change? there is an effective period below the table. does this the %% will change for each period?

and there is 3.15%p.a for balances below 2k?

M2U-i

This post has been edited by cklimm: Mar 2 2015, 07:09 PM


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oh yeah, that too.lol. any ideas?

Its like yelling :"keep only anything below RM2000"

DRAT, they reduced the rate




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http://www.maybank2u.com.my/mbb_info/m2u/p...d=/mbb/Personal

May I know if these changes have any impact on the M2U savers-i account? From what I see over here(http://www.maybank2u.com.my/WebBank/IA-notice.pdf), it will automatically be converted to islamic deposits from the current Mudarabah accounts. So there's nothing much to worry about right; with this transition?

Apparently cant withdraw from savers acc via atm. No option to choose withdraw from which acc

Yes there is, I can't remember the exact steps, but instead of choosing fast cash, you choose other amounts then other accounts or something. I've done it countless of times.

Agreed, thats the method.

yea other amount is correct.