oh i see... where can i see this term and conditon to maintain rm2k?

i cannot find through maybank website.

https://www.maybank2u.com.my/maybank2u/mala...k2u_savers.page

Hi all,

Just opened an M2U Savers account online, but after 3 days it has not appeared on M2U yet. (Existing Maybank Savings acc holder)

how long will they take to process the application?

Nowadays no one uses m2u savers anymore. Use versa. You get 2.46%p a
No instant withdrawal though. You wait about a day to get your money back.

This post has been edited by Ramjade: Feb 18 2021, 07:39 AM

Ram, what versa? Thats new to me

Something like Stashaway Simple™

Another fintech investing into money market fund by Affin Hwang Asset Management

Versa: https://versa.com.my/

This post has been edited by GrumpyNooby: Feb 18 2021, 09:39 PM

That's why don't know why you guys use want to use PB. Can PB rates beat what's offered by fintech? Waste of money by using PB. One of the reason I avoided PB entirely

A day isn't bad considering ASB takes more time than that to withdraw RM500. I might look into it to park some of my emergency funds. Right now I've got a big chunk sitting in one of my savings accounts after making the big bucks gambling on GME. I can't find the 2.46% rate anywhere on their website though

Hmm they did mention on the main page up to 2.4% with an asterisk lol
Quote from FAQ
Currently, net interest is approximately 2.0 - 2.1% per annum.

The interest is compounded daily and it fluctuates based on the market of the funds.
Let’s say your compounded interest rate is 2.1% per annum
The non-compounded interest rate will be slightly less and is 2.078% per annum.
Your daily interest rate will be 0.0057%.
= (2.078% / 365 days)

For example, you deposit RM1000.
After your deposit is being processed, your interest for your first day is RM0.06
= (0.0057% x RM1000).
On the second day, the total interest you receive is RM0.11
= [(1+0.0057%) x (1+0.0057%) x RM1000] - RM1000

The interest will be compounded daily and it is calculated based on your deposit and your accrued interest.

However, interest earned daily will only be credited to your account every 2 weeks in the form of payout. When you receive your payout, you receive 2 weeks worth of interest.

This post has been edited by ryan18: Feb 19 2021, 08:20 PM

This one is referring to which one? Simple™ or Versa?

Versa

Thanks, this is better than FD with 2 weekly interest compounding.
faster growth compare to FD.

Money market fund cannot compared to FD because it is a fund that is investing into deposits, MGS and treasuries as it is calculate daily and payout every 2 weeks as compare data to FD which is fixed term and income

Profit rate changed long ago right? Do you shift funds too?

Below 2,000 = 0.15%
Up to 50,000 = 0.60%
Above 50,000 = 0.75%

https://www.maybank2u.com.my/maybank2u/mala...u_savers_i.page?

guys, not sure if lowyat has a proper thread to ask but it is relating to maybank2u.

As maybank2u classic website is closing down, how to perform e-standing instructions via the new maybank2u?

I cant seem to find the add new e-standing instructions for new website.

30. Do you have any step-by-step details to use the current Maybank2u website?
We have prepared a series of tutorial videos to help you get onboard to the current Maybank2u website. Visit our YouTube channel at www.youtube.com/MaybankVideos

31. Who should I contact for help if I can't find certain services on the current Maybank2u, or I need more guidance on how to use them?
Our Maybank Live Chat agents are available online from 8am – 12am daily to assist you.
Simply tap on the live chat icon on the current Maybank2u homepage to start a chat with us.

more FAQ – Migrating from Classic to current Maybank2u
https://www.maybank2u.com.my/iwov-resources...ssic-decomm.pdf

What's the difference between eSI and recurring transfer?

New website cant copy transactions to excel.

Recurring transfer? Is it under settings? Let me try to see if it works the same as eSI

Thanks for the tip

Is this the best savings account now?

would like an account to credit my salary but not more than 10k balance.