Very interesting, feel like want to apply now!

Should I apply it now or wait after 31 Dec, since normal saving account will giving interest on 31 Dec. If I transfer 2k out, am I getting lower interest on my normal saving?

I have no idea how the normal saving interest calculate, I just know is 0.3%.

+1. My M2U acc served me well for the past 12 months.

Hi,

would like to check with u guys if the accounts less than 2k, how is the interest rate?

if i temporary(for about 2 weeks) the money in the account fall under 2k, do i still get interest for that month?

lets say the other 2 weeks i got 5k inside.

M2U saver-i (the islamic one) pay interest for any balance.

http://www.maybank2u.com.my/mbb_info/m2u/p...al/ACC-Accounts


This post has been edited by MGM: Jan 14 2013, 05:01 PM

Hi, may I know what's the difference between this m2u saver-i and the m2u saver?
In the website, it is written that saver-i is giving dividend rate + profit sharing ratio (depositor 5 bank 95). It sounds like i'm sharing the dividend with bank?
What exactly is this profit sharing means?

Hi! What are the difference between Maybank2u Savers & Maybank2u Savers-i?

The -i suffix is Shahriah compliant account.

what is the main difference between a shahriah compliant account and a normal one..

which would be better (interest rate wise)?

Please google around to understand between conventional banking and Islamic banking.

Then, you'll understand the general difference.

This post has been edited by David83: Apr 2 2013, 03:11 PM

so saver-i doesn't work on an interest rate basis but more like dividend/ profit ratio..correct me if im wrong.. google is too general i would like to know the difference between these two maybank accounts onli..thanks

Saver-i:

Balance Band | Indicative Dividend Rate (% p.a.) | Profit Sharing Ratio (PSR), Depositor:Bank

Below 2,000 | 0.40 | 5:95
2,000 to 50,000 | 2.10 | 5:95
Above 50,000 | 2.30 | 5:95

This post has been edited by David83: Apr 2 2013, 04:41 PM

thanks david....sorry im a bit noob at finance..hope u can enlighten me one more thing.
taking this as example:
2,000 to 50,000 | 2.10 | 5:95

does it mean that 2.10% distributed in a ratio of 5 to depositor and 95 to bank? walau..cannot be ah..

Hello .. Any assistance on above query??

The INDICATIVE profit/dividend rate quoted of 2.1% p.a. is already after the 5:95 apportionment

ok thanks..so basically these 2 accounts give more or less the same rate..

Yalar, just SIKIT difference only to satisfy the Shariah requirements

Unfortunately i find it very hard@almost impossible to save in MBB through m2u savers. Coz my salary account and you able to view it through atm and m2u all the time, also very convenient to pay all the bills, using m2u is so freaking conveinet,fluid its impossibel for me to save money....have open and close this m2u savers few times already...at last i resort to using m2u account as salary, bill payment and transaction account...i use hong leong to save my money monthly....so far it has been effective for me...even though their dividend cannever match m2u savers

sorry. i'm noob.
how to withdraw the money using ATM machine @ use the debit card?
they have option to select the m2u savers or i need to transfer the money from m2u savers to normal saving account before withdraw?

Hi guys, just wanna ask, is the wadiah savings account same with the M2U savers-i?

If no, can I convert my account to M2U savers?