maybe try smaller amount first since you aren't confidence, I take it as "best one month fd rate" so I don't have to waste efforts find fd promotion. The return of 3.6/ year is quite good edy.. but as u said, non pidm protection. Just try small amount until you've confidence to park more money?

If you want 100% safe, maybe u shd park is fd.
Current best rate,hlb 3.95 and rbh 4. Assume your money isn't urgent, it's purely savings.

eGIA is not a bad choice, so far based on track record, it gv good interest rate which is above normal FD rate...the best part is...you place the eGIA today, and 10 days later you need it and need to uplift the eGIA, u will get back your eGIA principal + previous 9 days interest...

ppl afraid of no protection by PIDM as I was worried before.
but now all cash flow I just parking in gia.

can tell me where is the button to click in m2u for me to open this eGIA? i look around but cannot find got GIA de in m2u...

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)

tq very very much.......

sorry but may i ask what is the risk if no protection by PIDM?

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)

if the bank goes bankrupt, then you most probably wont get a single cent back, or get only limited sum back, cos there is no protection or the protection are not clear, and you do not know how the protection works as well

even PIDM also protect up to RM250k

This post has been edited by deity01: Sep 29 2016, 11:01 AM

okay...now im having 2nd thought about the maybank GIA...din maybank just close quite a number of branch?

The branches can be closed due to several reasons:

i) reducing operating profit, so close down some to cut losses

ii) advance in online banking, so close down branches to reduce overhead cost

And PIDM as said is just a peace of mind, but the potential gain is much higher compare to the maybank bankrupt as it is highly unlikely (Malaysia's biggest bank, if he bankrupt, most likely others won't survive either except a few)

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

dont worry la..we hv 2.6bil usd backup...

It's norm for every Bank to rationalize their operations based on various factors
If Maybank collapse, I presume other local banks will follow too

well I still trust them.. so many people depend on them.. Many accounts including corporate one

Maybank close some of the branch, but they won't goes bust

Not sure if this is the right to ask, anyone having problem doing intra-bank GIRO transfer? I tried to transfer from Maybank to CIMB (via M2U), but all fail! Tried 3 times. Calling CS is useless, no one pick up the phone...

1. maybe u didnt update ur transaction limit,
2. maybe u exceed your transaction limit,
3. maybe ur fund left after transfer is lower than ur account minimum balance..remember to minus 0.1 for service charge and 0.01 for gst

Could it b CIMB problem? Lately a lot of hiccups on ebanking n ecommerce.

1. no change
2. no change
3. sufficient fund

I have no problem last month transferring the same amount to the same account. In fact, the account is saved as favorite!

I also not sure. The error message in M2U just not helpful. (Only "GIRO INWARD RETURN C") And they still charge me the GIRO transfer fee! (RM0.11 * 2 times!)