Even if you want PIDM protected stuff, there are better stuff than M2U savers. One for eg is CMF from FSM. It's not PDM protected but it invest into PIDM protected stuff. Another one you can look at is AMbank Islmaic eFD. Before OPR cut was 3.25%. Now don't know.

>6 months been using eGIA-i. So far no problem. Principal intact, great returns, withdraw any time As what heavensea said.

This post has been edited by Ramjade: Sep 22 2016, 01:40 PM

CMF = RHB Cash Management fund gives 3.33%p.a. Wait 3 days for your money while with Maybank eGIA-i, uplifting is straight away. Available from 6am-10pm.

Hahaha... eGIA-i is my emergency backup fund as it is liquid enough. Two months worth of usage. About rm2k split into RM1k x2. Put for 2 months (the min duration but duration not important as can be uplifted anytime without penalty.)

All accounts > Fixed deposit > Make a placement > Select General Investment Account > Answer the questions the first time only > Select your tenure as 2 months (key in any amount > RM1k)

Maybank kaput, say bye2 to your money
Of course PIDM is just for peace of mind cause even they don't have enough cash to cover each person with max RM250k/person if a bank were to go bankrupt. (some sifus did calculation in FD thread before)

Your choice. I still trust maybank. Why? Eveeyone on the street particularly have a Maybank account. Maybank atms are all over the place.

Don't worry. When you use that card, it will deduct from main account. That's why I keep my main account with only RM1.00 inside. The only way they going to access the savers is if they use atm. Select others then only it will show up m2savers.

30 days vs 31 days la. Of course 30 days is lower.

Yes that's right. However you will need to make sure that the account which is linked with your card become a free account. Just go visit maybank and ask them change it to a free account. Then go ATM select savings > select m2savers.

You want free transfer go for standard chartered.

You need min rm2k inside there to get the interest. Better to use maybank eGIA-i. Higher interest, lower min amount required.

This post has been edited by Ramjade: Nov 4 2016, 06:47 PM

To open a M2savers, need min rm250. RM250-RM1999 = no interest. That way better use eGIA-i. Need min rm1k straight get 3.6% p.a compare to m2savers 2.02% p.a

You uplift even after 1 day also you get part of the 3.6%p.a interest (RM1k x 0.036 x 1/366)

OPR will drop further next BNM meeting

It doesn't consent me as I already withdraw out 75% of my FD. 75% already inside ASX FP

All interest are quoted in per year but calculated daily.

If it don't drop now, it will drop in the future. Provided Feds increase. In order for Feds NOT to rise rates, let Trump be president

eGIA-i rates are mot fixed. So decrease in OPR, it will also drop.

I told you, I am removing my FDs. Never even place any FDs in the last year.

Yes. Petrol, cooking oil increasing in price + GST as Hansel said 6.x% is not enough anymore. What more FD which will go below 4% once a cut is announced.

Yes. Not important. However if you select 1 month you need min rm5k.

This post has been edited by Ramjade: Nov 6 2016, 03:30 PM