Maybank m2u savers 2.1% pa, 2 gud 2 b true 4 savings acc?
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 May 13 2016, 05:11 PM
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#1
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9,616 posts Joined: Dec 2013 
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why not put in Efd? This saver account is not good at all compared to Efd
if you can pre plan how much of liquid cash/non liquid cash of your savings, 1,2 or 3 months of FD is much better than this... This post has been edited by heavensea: May 13 2016, 05:11 PM |
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May 13 2016, 07:34 PM
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#2
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QUOTE(cybpsych @ May 13 2016, 07:06 PM) why compare SA and eFD? both serves different needs anyway. becuse efd can comprised from low amount such as 1k for 2 months mah... better than nth right.efd still lock your money for x period. premature withdrawal, no interest. money not accessible easily. m2usavers gives u daily interest, as long as daily remaining balance >2k. if dip <2k, no interest. simple. use the money anytime like a normal SA, via online banking or ATM. if u always have >2k and no use for >1 month, then efd is better.  |
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May 13 2016, 08:23 PM
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#3
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QUOTE(cybpsych @ May 13 2016, 07:50 PM) it's the fluidity of money le. SA have no restriction Yes, this sa good for youngsters need cash flow. that's why I wrote above, if ur money has no use >1 month, then eFD serves the short-term purpose. |
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May 13 2016, 10:38 PM
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#4
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QUOTE(MilesAndMore @ May 13 2016, 10:34 PM) That's why people have been recommending the e-GIA for weeks now due to its flexibility normal FD can't offer. What's egia?? |
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May 14 2016, 12:01 AM
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#5
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QUOTE(MilesAndMore @ May 13 2016, 11:36 PM) You can find out more from the previous few posts before you started posting here. Maybank GIA-i is NOT A DEPOSIT PRODUCT and there is a possibility that you may even lose your Principal Sum @@This post has been edited by heavensea: May 14 2016, 12:10 AM |
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May 14 2016, 12:57 AM
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#6
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QUOTE(Ramjade @ May 14 2016, 12:48 AM) 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% Yes, cN try with small amount... can I apply it via M2U?Is it quite the same (process of application) like efd? This post has been edited by heavensea: May 14 2016, 12:57 AM |
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May 14 2016, 01:02 AM
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#7
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9,616 posts Joined: Dec 2013
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QUOTE(Ramjade @ May 14 2016, 01:01 AM) People recommend it because it is applied via M2U. Go to fixed deposit tab > make placement > select General Investment Account-i Thanks, gonna start to try it at next month. |
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May 14 2016, 03:49 PM
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#8
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QUOTE(aromachong @ May 14 2016, 11:22 AM) why not try it out today? can get interest even for 1 day placement I've two "big" and "small" Efd in Maybank right now.The big one is "campaign rate" with 4.31% p.a. The small one is normal rate with 3.15% p.a. (maturity date is 1 month only) I planned to wait the "small" Efd maturity date and put it in egia account, or should I uplift all and put it into egia right now? |
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Jun 3 2016, 07:35 PM
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#9
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9,616 posts Joined: Dec 2013
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assumption,
can I put all money in eGia-I, and take it all out after 1 month? |
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Jun 3 2016, 08:44 PM
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#10
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QUOTE(Ramjade @ Jun 3 2016, 08:41 PM) Make a placement today, uplift the next day and you will still earn interest. I just renew another efd...  no confidence with this investment type of account... There're many questionnaires during I was applying for gia via m2u.. |
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Jun 3 2016, 09:20 PM
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#11
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9,616 posts Joined: Dec 2013
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QUOTE(Ramjade @ Jun 3 2016, 08:59 PM) Questionnaire only for first application. 4%？ Well your loss then  I have uplifted like 5x and each time received the interest. |
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Jun 3 2016, 09:43 PM
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#12
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9,616 posts Joined: Dec 2013
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QUOTE(Ramjade @ Jun 3 2016, 09:36 PM) 0.04 x (number of days/366) x amount of money that I put in. Not /365? |
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Jun 3 2016, 10:28 PM
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#13
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9,616 posts Joined: Dec 2013
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QUOTE(Ramjade @ Jun 3 2016, 09:49 PM) 2016 is leap year so should be 366 days Thanks for explanation |
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Jun 4 2016, 11:42 PM
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#14
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9,616 posts Joined: Dec 2013
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QUOTE(Ramjade @ Jun 3 2016, 08:59 PM) Questionnaire only for first application. Tempting to try the gia... Well your loss then I have uplifted like 5x and each time received the interest.Shd I withdraw my "small efd" (just past 2 days) and try gia for 1 month? (See whether got 4% or not) |
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Jun 4 2016, 11:50 PM
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#15
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9,616 posts Joined: Dec 2013
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QUOTE(cybpsych @ Jun 4 2016, 11:49 PM) if u have min rm1k to spare, try the 2mths tenure. you can withdraw the next day, get 1 day profit @ 4% p.a. never try it before.. 0.11 = profit of 4% |
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Jun 30 2016, 07:21 PM
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#16
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QUOTE(MiKE7LIM @ Jun 29 2016, 12:59 AM) Yea. I done it on m2u. Should be categories under FD gua..eGIA interest still good? around 4%? Gonna try it at next month |
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Jul 5 2016, 06:14 PM
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#17
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9,616 posts Joined: Dec 2013
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QUOTE(aromachong @ Jul 5 2016, 01:43 PM) The only con is ... it has no PIDM protection but why don't give em shot? i believe money is safe and secure as it's not a high risk investment ... i have no problem to invest million in it.  This post has been edited by heavensea: Jul 5 2016, 06:15 PM |
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Jul 26 2016, 04:00 PM
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#18
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9,616 posts Joined: Dec 2013
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3.75??? sien
is it time to port out?? |
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Jul 26 2016, 04:14 PM
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#19
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9,616 posts Joined: Dec 2013
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QUOTE(Ramjade @ Jul 26 2016, 04:08 PM) If you can find some where which can give you more than that for short term parking, pull out la. Maybank efd also reduced to 2.95 for 1 month, anyone know what happened?? |
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Jul 26 2016, 04:40 PM
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#20
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9,616 posts Joined: Dec 2013
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QUOTE(Ramjade @ Jul 26 2016, 04:16 PM) OPR cut what. Expect 2 more cuts. govt want us to spend instead of saving ah?  |
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