no PIDM

But higher interest rate compared to saving account and fd board rate

Plus practically if Maybank collapse, PIDM can't even cover everyone's money

Still GIA, being an islamic investment with bring very low risk, no PIDM due to categorization

Most of us here treat it as saving account and temporary parking facility before moving to good promo fd rate, better investment opportunity, even just emergency parking will do

holy shyt...was just curious about this gia account only to come here and find got so pages about it d ==

can someone enlighten me

summary:

min 1k for two months, do it via maybank2u, 3.75% ish interest per annum. can take out anytime without any penalty.
u want to put in for a month then min 5k.

great for liquidity and higher than even maybank2u savers interest.

ramjade mari check summary saya. later left out anymore juicy stuff

fresh fund? or can i just open online and transfer from SA into this acc? and then treat this like SA lo besides i park my funds in maybank just cuz sometime bill and what not online shopping easier use maybank

fresh or 'expired' funds also can. pardon my pun. just open online, transfer from ur SA and turn it into your new SA. easy peasy.

thanks mastaaaa hahahaha very punny indeed

Correction 3.6%. Interest depends on OPR.

This post has been edited by Ramjade: Nov 8 2016, 02:22 PM

many thanks ramjade!

Based on the T&C for the GIA-i,
"In the event that the Customers withdraw the GIA-i prematurely or completely close the GIA-i prior
to its maturity date, profits (if any) shall be paid based on number of days of the investment."

Let say you do a full upliftment after 5 days. Do you still get interest for that 5 days?

Yes

http://www.personal-loan.my/maybank-gia-ge...unt-review/544/

Minimum amount in the account? Can place 1k in account, later take out and leave minimum in it?

are u referring to gia-i or savers?

gia-i

min for 1 month is 5k. it works the same as an FD. you can't leave a minimum amount and take out some. you need to take all out, then put in back in with a new amount. 1k is good for 2 months and above. it makes no difference in terms of duration and returns. so since it's non insured, keep it short term?

Placed 5k for 2 months. Just park extra money to earn a bit of interest.
Thanks for the info here

I notice that when I make purchase using the debit card, it will not use money from m2usavers. For eg. If my main account only have RM1, the merchant said my card cannot use. Then I transfer money from m2usavers to main account and it works.

Is this common issue?

Any workarounds this? It's quite a hassle to login every time and transfer the money when want to make purchase with debit card.

This post has been edited by jayzshadower: Dec 20 2016, 12:50 AM

Now only I know GIA-i is so fluid! Basically just a very high interest savings account with few extra clicks and with it's fluidity restricted to the time frame 6am to 10pm. Loving lowyat forum! Great info!

In my opinion, it's even better than m2usavers because it need RM2000 to earn the 2.2%pa interest. Kinda lock the RM 2000 in while GIA-i no need to lock anything in. Am I right ???

Will close m2usavers now! Got GIA-i who need m2usavers.

This post has been edited by jayzshadower: Dec 20 2016, 01:49 AM

Yes that's common. Money must be in main account. M2Savers not counter. You can only withdraw from M2Savers

Of course it's better. I already close my M2Savers long time ago. Been using GIA-i for almost a year already. It might not be suitable for people as principle, returns not guaranteed, no PIDM.

Anyone notice that GIA-i don't allow credit to principal now ? Now I can only choose Credit to account, last time I did still can, why now cannot ?



This post has been edited by jayzshadower: Dec 20 2016, 04:51 PM