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 Maybank m2u savers 2.1% pa, 2 gud 2 b true 4 savings acc?

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55665566
post Jan 19 2018, 08:23 AM

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may i know what is the different between normal maybank saving account with this m2u savers? how to abuse this 'higher-tiered' interest account?
55665566
post Jan 19 2018, 08:49 AM

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QUOTE(Ramjade @ Jan 19 2018, 08:41 AM)
Normal maybank account pay you peanuts (negligible). While M2u savers pay you interest 2%p.a if you have RM2k inside. To open account, you need min RM250 inside. Which means RM250 is stuck inside. Should you have have RM1999, you won't earn anything.

Is it good?
Yes. Previously was good.

Are there better stuff?
Of course. All you need to do is research. You can get up to 3.5x% if you choose other place to park your money. That's at least 1.5% different if you compare against M2u savers
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Eh? why only previously was good? Now not good already?

i was thinking to find an account to store the emergency /rainy day funds. What do you mean by RM250 stuck inside? The money into this account cannot withdraw one?

May i know which bank give 3.5% with the same liquidity?
55665566
post Jan 20 2018, 01:08 PM

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QUOTE(Ramjade @ Jan 19 2018, 08:57 AM)
Why last time good and now no good?
Last time,  they were the only one with super high interest account. Nowadays got so many which beat them.

Yes. RM250 cannot be withdraw.

Looks like I have to do your homework for you.  doh.gif doh.gif
Phillip money market fund-3.53%p.a
Amanah saham fixed price fund-6%p.a but you need to go to bank whenever you want to make a withdrawal.
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Yea, I know about ASNB but the downside is that need to do withdrawal over the counter only and most importantly, need to spam for units.

I never heard of PMMMF but it seems to be a good place to park money but i dont think its capital guarantee since its still a fund (same goes to asnb)
55665566
post Mar 29 2018, 08:24 AM

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QUOTE(SwarmTroll @ Mar 29 2018, 03:04 AM)
I see. But for what you had stated before, you can't use those ANSB or the Philip fund for immediate cash use isn't it? Like you can't redraw from ATM, purchase things online, etc? Or do you perhaps hold a set of cash on hand for an entire months worth of living expenses (food,petrol,etc)?
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Yes thats the problem. if you have concern of liquidation, go for account with physical counter/atm.
you can look into uob e account too although higher amount to enjoy interest.
fresh grad, m2u saver is quite good edy
55665566
post Jun 11 2019, 02:18 PM

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QUOTE(cybpsych @ Jun 11 2019, 02:14 PM)
now with Account Portability for CASA feature, you can switch to Islamic-type account.

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

user posted image

user posted image
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any benefit switching to islamic acc?
55665566
post Jun 11 2019, 02:55 PM

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QUOTE(cybpsych @ Jun 11 2019, 02:25 PM)
aside to the obvious benefits, another is they give minor profit for balance <rm2k.

for conventional m2u savers, zero profit/interest for balance <rm2k
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seriously, tak tahu the obvious benefits confused.gif
can enlighten me?
55665566
post Jun 11 2019, 07:36 PM

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QUOTE(Ancient-XinG- @ Jun 11 2019, 05:11 PM)
They still give profit if your account fall below 2k.
If conventional you earn nothing.

Btw now drop to 1.8% better look somewhere else.
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Any recommendations?
55665566
post Jun 12 2019, 09:19 AM

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QUOTE(Ancient-XinG- @ Jun 11 2019, 08:44 PM)
If low amount less then 10k....

I think only a few.
MBSB, not yet full fledge banking but going to be.
RHB bonus savers. Step up rate max cap 2.75
OCBC 4.1 with 4 conditions.

Other stash account or invest pro is like 30k...
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i still think m2usavers is one of the best SA with no condition.
if you have more fund, might go to uob eaccount, right?

Edit:

Oh well, i just knew about mbsb
B) Wise Saver Savings Account-i and D) Cash Rich Savings Account-i look very interesting
https://www.mbsbbank.com/consumer_deposit_s...ng_account.html

Just knew that eaccount is now investpro.

This post has been edited by 55665566: Jun 12 2019, 09:45 AM

 

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