I've just come across this ad from Maybank about m2u savers. Maybank2u.com users may open a m2u savers account and enjoy 2.1% p.a. by keeping RM2000-RM50000 monthly and 2.3% p.a. by keeping RM50,000 and above monthly balance.
2.1% p.a. for a savings account?!?!? Is this true? Seems too good a deal... What do u guys think?

Yes, FD gives higher rates (3-3.8%) but cannot withdraw. This M2U is a savings account (can withdraw anytime) but gives 2.1% pa! Isn't this the best savings account in Malaysia?

Standard Chartered used to offer 2.50% p.a for e$aver back in late 2007 - first half of 2008 ... So, no. It's not really too good to be true.
Can only be opened online by yourself. You must also have M2U ID for that.

your way of calculate is correct
but they will provide the 1.6% add rm 5, if you save more than 5k, anyway it is still better than other normal saving account.
if the balance > 5k or >10k  i will suggest put in FD..as FD 5k for 1 mth can get 3.0% interest at least.
savings acccount is not tat worth if you aim for the interest.