What do you meant frozen? Min amount in the account is RM250. After reaching RM250, you can't withdraw anymore unless you close your account(to move the RM250 into your normal account) or deposit more money into m2u savers.

This post has been edited by Ramjade: Nov 22 2015, 10:59 AM

Sorry. My mistake. It's can't.

What you mean cannot deposit? Just copy m2u savers account no, paste it. Then just transfer how much you want (for online transfer from other banks). If via cash deposit machine, just key in m2savers account no.

Just call customer service and ask them for help.

You didn't read the last few post is it? He cannot transfer/deposit money into m2savers. Cannot transfer I understand as they required you to maintain a minimum of RM250 in that account. But cannot deposit really surprising.

Ask him to call customer service but I think he didn't call.

Got. Your card is linked to your basic account. You cannot make purchase from your m2savers. You will need to transfer to your basic account first. Your basic account will most likely be charged rm8/year. There's a way around it. Make a normal basic account with 4x/month withdrawal. That's free. So when you want to withdraw cash from atm, just pick others instead of your basic account. M2savers allow unlimited withdrawal.

You can do like me. Transfer any unused money into Ambank Truesavers (earns 2.8% p.a instead of M2savers which give only 2.25% p.a no minimum amount required - m2savers required min rm2k in your account, no need to topup every Month, free IBG) Bad thing is ambank Truesavers have no IBFT and allow only 3x withdrawal (atm+online transfer) per month.

Yes it's instant.

M2u savers is a bad account. Tried closing account, they say cannot close account. Need to email them with a scanned letter with my signature.

Calculations
(Balance x 0.0225 x no of days you put)/366

To get 2.25%, one should have >= Rm2000. If balance drop below RM2k, no interest given.

Compare that to Ambank truesavers. 2.8% No need to have minimum amount to get that 2.8%. Even if you have only rm100, you will still get 2.8% returns.

Trying to close m2u savers account via online and telling me system error. Call customer service, 1 week + already until today they didn't fix it yet. Is not an excuse for one of Malaysia's largest bank. 3-4 days still acceptable.

2.25% p a is bad. It might be good last time, but nowadays most banks offer min 2.5% for their savers account

I have a very good mind to write into the newspaper and see what's their response.

My loyalty is not banks but to my money. I will not hesitate to move my money back to maybank should maybank come out with something competitive.

This post has been edited by Ramjade: Feb 1 2016, 09:39 AM

For 1 week +, they still didn't fix it?

Generalize? Rhb bonus savers, cimb air Asia savers (one must calculate carefully for this - the more money you have, the lesser the effective rates), Ambank truesavers, OCBC SmartSavers all give > 2.5%. There are among the ones I know which give >2.5%

I already close it long time ago. About 3 months back.

Don't worry. I didn't know too. Interest will be given upon withdrawal (added to the principal) or upon hitting maturity date (whichever comes first)

4%. But it can change. Depend on the profit they made in their investment.
Maybank GIA-i rates
Gen-X have made write up on GIA-ihttps://genxgenygenz.com/2016/05/10/earn-mo...lamic-accounts/

Same here. I tried placing after that time or before 6a.m kena block.

Rates are more or less 4%.

Interest will be given on the spot upon upliftment. It will be added together with the principal. Don't believe me? Try putting rm1k today, tomorrow try uplifting it. Your rm1k would have gain a few sens.

This post has been edited by Ramjade: May 12 2016, 02:20 PM

Principal + interest will show up on the spot in your SA upon uplifting.

For now no. Don't know about future.

Just look at the other side. Maybank lose your money, will people trust maybank with their money again if in the event they introduce a similar product? 4% returns is doable. Is not like they are giving out 10%

People recommend it because it is applied via M2U. Go to fixed deposit tab > make placement > select General Investment Account-i

Just wait. Don't waste interest. However if you have say rm1k lying around inside your SA, you can put that into eGIA-i.