Maybank m2u savers 2.1% pa, 2 gud 2 b true 4 savings acc?
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 Jul 31 2014, 06:27 PM
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#1
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Junior Member
178 posts Joined: May 2010 
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Is savers-i better than savers?
Don't quite understand the 5/95 rate explanation. M2U Savers-i Balance Band Profit Sharing Ratio (PSR) Depositor Bank Below 2,000 5 95.0 M2U Savers-i * Balance Band Indicative Dividend Rates (%) Below 2,000 0.40 Up to 50,000 2.25 Above 50,000 2.45 Up to 50,000 5 95.0 Above 50,000 5 95.0 |
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Aug 1 2014, 08:13 PM
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#2
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Junior Member
178 posts Joined: May 2010
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QUOTE(wil-i-am @ Aug 1 2014, 11:27 AM) Prefer savers coz it offer higher int rate yes i understand about the profit sharing ratio, but what is it based on? 95% of the indicative dividend rate? Which means we will only get 5% of the indicative interest rate (2.25% for >RM2k and <RM50k)? Impossible right?5/95 is profit sharing ratio between client n bank  |
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Aug 2 2014, 10:51 AM
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#3
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Junior Member
178 posts Joined: May 2010
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QUOTE(cybpsych @ Aug 2 2014, 08:23 AM) after profit sharing split between bank (95%) and depositors (5%) <-- this 5% is equivalent to about 2.25% p.a. dividend. I see, thanks for clarifying =)savers' interest and savers-i's dividend are both almost identical. it's a matter of preference anyway. savers-i has a minor benefit in a sense that <RM2K balance will have daily dividend too. for savers, you need to maintain a balance of RM2K to get any daily interest. |
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