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

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ahchat
post Nov 4 2016, 06:35 PM

WISE KUCENG
*****
Senior Member
922 posts

Joined: Sep 2010
From: Alor Setar, Kuala Lumpur



hi guys, newbie here..just read through some of the posts and my question is, is there a limit on how much I need to save every month?

let say I opened the account with rm500, then keep adding in until it reach 2000 to get the interest... is that how it works?
ahchat
post Nov 4 2016, 07:00 PM

WISE KUCENG
*****
Senior Member
922 posts

Joined: Sep 2010
From: Alor Setar, Kuala Lumpur



QUOTE(Ramjade @ Nov 4 2016, 06:45 PM)
You need min rm2k inside there to get the interest. Better to use maybank eGIA-i. Higher interest, lower min amount required.
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so, I need to bank in rm2000 first, to open the account? or can I save month by month until it reach 2000?
ahchat
post Nov 5 2016, 10:19 AM

WISE KUCENG
*****
Senior Member
922 posts

Joined: Sep 2010
From: Alor Setar, Kuala Lumpur



QUOTE(kart @ Nov 5 2016, 09:15 AM)
If you cannot maintain daily balance of RM 2000, it is better for you to open Maybank2u Savers-I (Islamic saving account).

RM 250 to RM 1999: 0.4% Interest per annum (this interest is not offered by conventional Maybank2u Savers.)

RM 2000 to RM 50000: 2.0% Interest per annum

Of course, if your balance is much higher than RM 2000, it is better to place the excess amount in e-General Investment Account-i (e-GIA-i), to enjoy 3.6% Interest per annum.
That is the way to fully maximize the interest gained. But, if Maybank2U website is inaccessible due to system down (which should be rare), you cannot uplift the e-GIA-I, and withdraw the cash, in case of emergency.

That is why I have both Maybank2u Savers and e-General Investment Account-I. Then again, different people will have different ways of managing their saving accounts, and there are no right or wrong ways.  smile.gif
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noted. well explained.

guess I should start with e-GIA account then, since I got 2k+ lying around in my saving doing nothing smile.gif

btw, e-GIA-I can withdraw anytime? cannot right? hmm.gif

This post has been edited by ahchat: Nov 5 2016, 10:24 AM

 

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