2 different acc with 2 diff number, not combine

normal saving acc, u can have RM10 in acc
for M2USaver u cannot withdraw / transfer if ur balance reached RM250.

So we need to open two accounts to get this m2u savers la? And which one should be keep the balance of RM2k monthly to get the 2.1% p.a.?

huh mean we must lock RM250 inside? lol

nono, 1 is ur normal Saving Account. min RM10.

2nd account is ur M2USaver, apply via M2U and a new account will be created in ur M2U. this account Min RM250. and u need 2k monthly to get 2.1% interest.
I tried to transfer out, M2U will show insufficient fund. min need RM250.

When does maybank2u started this ? ,i didnt notice my saving increased seriously.

they stated that if inside 3 month cancel need to pay Rm30....so if 4th month cancel we only can get back the Rm250 right?

to cancel, just withdraw all the balance from that account?

btw,
assuming that the balance is RM2000 everyday for the whole year (without the interest accrued daily)
(*Maybank web stated: Interest is calculated on a daily basis and credited on a monthly basis)

2000 (2.1% pa)
= (2000*2.1%)/12
= 42/12
= RM3.5 per month?

RM3.50 seem too little lol

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.

---

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.

Let me tell you, CIMB air asia savers account is much more better than all of you said.
minimum req to open bank account wil be rm 50.
There will be *High interest rate of 1.60%, up to 2.80% p.a. (inclusive of the RM5 cash rebate if average balances of at least RM5,000 with no over-the-counter transaction in any day of the month).*

and for those always book air tic, this is the privilage to bid the tic and get the cheaper rate.
for more information, please refer to http://www.cimbbank.com.my/index.php?ch=cb...2&tpt=cimb_bank

and if you have 10k or more, better you keep as FD, the interest rate at least have 3.2% and above.

You mislead everyone that the up to 2.8% is the percentage calculation on minimum requirement of RM5k in which they pay you RM5 a month if balance > RM5k and no over counter transactions.

Example, I save RM5k and maintain RM5k balance for the next 12 months.

The interest I will receive is:-

RM5k x 1.6% = RM80
Additional RM5 = RM5 x 12 = RM60

Total = RM140

Interest % = RM140 / RM5000 = 2.8%

However, for those who saves more than RM5k a month, if you divide the total interest/income received over your deposit, you won't get 2.8% already.

So the effective interest rate is not 2.8% anymore if your balance saved is > RM5k.

Anyway, Eon Bank is still the best for those who wants to save with more than RM50k.

your way of calculate is correct
but they will provide the 1.6% add rm 5, if you save more than 5k, anyway it is still better than other normal saving account.
if the balance > 5k or >10k  i will suggest put in FD..as FD 5k for 1 mth can get 3.0% interest at least.
savings acccount is not tat worth if you aim for the interest.

wish to know more what bring u the better return than those?
pm me ..i got better plan for all of you if seeking for better return than saving

huh mean we must lock RM250 inside? lol

wish to know more what bring u the better return than those?
pm me ..i got better plan for all of you if seeking for better return than saving