You want free transfer go for standard chartered.

I mean from m2u basic saving acc, suppose to be foc between same bank right?
Well its good if GIA also in m2u, but registration cant do online, and need to maintain 1k vs 250 in isavers. Does GIA also give daily interest?

Any bank transfer within the bank is free

Yes, however GIA you can uplift everything, where as m2u saver you are tied with the minimum balance of 250 in that account

Moreover, m2u saver does not give interest below 2000 (same rate as bsa for the islamic m2u saver)

And yes, GIA interest is calculated daily, and when you uplift, it will give you the interest equals to the day you put in according to the monthly interest rate as quoted in their website

Noted there... ok u got my attention on that uplift thingy.. kindly explain. Is that mean no need to maintain 1000 at all times? So if can, does that low amount also entitled interest 4%?

Thanks in advance ☺

What I mean is that eGIA essentially function like FD placement, where you put a certain amount in a cert, then you can uplift anytime

You can greate multiple cert like FD, as long as each minimum with rm1000 (for 2 months and above)

But for eGIA, tenure doesnt matter, because no mater how long you put, once you decide to uplift, it will give you the interest according to the days you put, in another words, no interest penalty

Ok got it... thanks.
Another thing i may ask, for daily interest calculation, are bank using 12am for the cut off time for the daily balance, or other time like working hours?
Anyone have idea about this.

In the old days, the cut off time was like 6.37pm, when bank closes and finished their wrap up.
Nowadays, not sure

For saving accounts, normally is 12am cut off time

However, eGIA similar to FD, will have operation hour of 6am to 10pm

hi guys, newbie here..just read through some of the posts and my question is, is there a limit on how much I need to save every month?

let say I opened the account with rm500, then keep adding in until it reach 2000 to get the interest... is that how it works?

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

so, I need to bank in rm2000 first, to open the account? or can I save month by month until it reach 2000?

You just need rm250 to open account

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

morning bero, if I park 1k for 2 months and I surrender after 10 days. Am I entitled to get pro rated interest of 3.6% p.a.?

This post has been edited by heavensea: Nov 5 2016, 08:03 AM

Yes

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

Naisss.
Many ppl still stick to cconventional 3% fd, because of no pidm... gia got 4% before opr! Miss the old ship..

OPR will drop further next BNM meeting

Brace ourselves bro.. maybe fd highest promo will dropped into 3.85 p.a?

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