Bro, he just disappeared without any elaboration, do appreciate it though. The thing with complicated T&C, it would be extremely very helpful to explained it further, as most of are vary of being misinformed. Better earn less than being made a fool.

Just for info, I do have an existing PMA-i account which is a current account i.e cheque account with MBB. As seen from the link given, the offer is from Maybank Islamic a different or same offer i do not know. From MBB website, nothing much is shown, however Maybank Islamic website does show the deal.

Tomorrow is the maturity date for one of my OCBC Fd below RM50k, therefore thinking of transferring to my existing Smart Saver hopefully can get 3% for two weeks. By then a few of my other FD would reach maturity date then only can considered Maybank Islamic PMA 5% deal.

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Added on October 16, 2012, 11:12 pmQuite a number of red faces here, I would imagine. With our combined resources, its such a letdown.
Nevermind, next time let us check not only main bank, but also its islamic brothers website.

This post has been edited by magika: Oct 16 2012, 11:12 PM

now it is on the radar.....very soon May Bank may announce target reach

Correction, Maybank Islamic website.

Maybank Islamic branches are different from normal Maybank branches ?

If that is the case, another condition to consider, i.e. your balance as of 31 December 2011. And if you did deposit money this year, maybe you can get the 2% extra comes 14 Jan 2013


yah lah, wasting time with OCBC and UOB Promos, haha. but generally most of us do not go for Islamic promos. Last time OCBC GIA-i promo, many has reservations if the dividend are guaranteed.

or maybe the people who did go for this promo was smart not to inform us earlier as they may be afraid that the promo will end faster if too many takers, hahaha.

Last i check, 5% promo was not stated in MBB website but only in MB Islamic website. Islamic services should be available at MBB, but Maybank Islamic do have its own branches.

If not mistaken, the 5% promo was advertised in the newspaper before but due to its complicated terms and conditions, did not pursue it.

Ok, here is the latest on PMA-i

1. we are not getting 5% if we deposit now because the current 1 Month GIa-i rate is 2.75%. So max 4.75% unless there is further changes in the GIA I month rate.

2. If we deposit now till end of the month, the dividend rate will be based on tier rate and not GIA-i 1 month rate. The GIA-i rate only applies if fund was sitting in the account for one entire month untouched. But you still get the extra 2% on top of tier rate.

3. If you deposit now, only beginning next month you get 2.75%+2%.

Good news is offering new Maybank FD Promo for 3, 6 and 9 months where the interest rates are 3.4%, 3.6% and 3.7% respectively.

For more info - click here to my Fixed Deposit Promotion Page.

This post has been edited by Gen-X: Oct 17 2012, 12:07 PM

I think most of us reluctant to take up islamic product because of the wording "indicative dividend". Some bank staffs said it is non-guarantee, but based on past performance, the bank has been paying out such rate. Ocbc RM said so when I sort of forcing myself take up GIA-I just to fullfil the buying 3 products criteria

If a bank staff can tell you that the dividend rate is "guaranteed", that person should be sacked, haha. Stardard reply for Islamic products - profit sharing.

Anyway, I just posted at my Fixed Deposit blog a short post on the Maybank Premier Mudharabah Account-i - Up to 4.75% Dividend. Take note from the image I posted, the GIA rate changes mid month!!! I wonder if the GIA-i rate will change next month if BNM decides to lower interest rate in their coming meeting.

Well, aeiou228, you are right, we aren't getting 5% effective

I think I will take a miss on the MBB PMA-i offer and instead go try luck and play USD since AUD is like going up.

This post has been edited by Gen-X: Oct 17 2012, 11:54 AM

So the Tracking Period is the whole calendar year of 2012 ?

Need to plan carefully on this promo coz if hentam kau kau to earn 4.75% for mere 2 months this year, my PMA-I balance as at 31st Dec 2012 will be high and IF the promo extend to 2013, I'll need to top up more fresh fund to fulfill the INREMENTAL average daily balance for 2013. In this scenario, my exiting balance can only earn the GIA 1 month rate and only the INCREMENTAL amount can earn GIA + Extra dividend ( If promo still on lah)

Unless use different names for 2013 promo.

Any withdrawal from Smart saver account will make the interest rate drops from 3% to 0.5%.....will not get 3% interest for two weeks

My online Fd has mature yesterday, and today I m transferring into existing Smart Saver Account. Deposits in existing Smart Saver will mature this week, but I am keeping until 1st November in order not to violate calender month withdrawal rule. Theoritically todays deposit will earn me two weeks 3% rate. Total deposits in Smart Saver will only be transferred on 1st November. It therefore disqualify me for PMA-i deal. Now what am i going to do on 1st November?

In mid November a few of my FDs will also reached maturity date. Subsequently in December, January will be a few more musical chair rounds..Now not very sure of best deals with recent turns of events i.e PMA- i debacle..

Thanks, Gen-x for the update.

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Added on October 17, 2012, 1:33 pmSo far for Islamic FD, no forumers has ever complained of getting lower or higher as stated, so I wonder why the reluctance. My FD from BR so far has paid out not one cent less or more, OCBC GIA-i will only reach maturity next year.



This post has been edited by magika: Oct 17 2012, 01:33 PM

Music STOP ! Here's the chair !!



Hong Leong Pay&Save Account

Introducing the 1st Savings Account that gives you up to 3.1%p.a. interest when you pay your bills.

Get paid as high as fixed deposit on your savings balance when you make e-Payment for utilities, phone, Astro, Credit Card, Housing Loan, Car Loan or even Personal Loan from your Hong Leong Pay&Save Account. What's more? The more bills you pay, the more you save with extra interest! How to make e-payments? Simply sign up for a Standing Instruction, perform IBG or online bill payment.

http://www.hlb.com.my/pfs/dep/deppaynsave_...lag=deppaynsave

I leave this chair vacant for our OCBC Ti expert Mr ronnie to do an in-dept analysis and comparison review between OCBC 5% rebate online utility payment and the above promo.

This post has been edited by aeiou228: Oct 17 2012, 04:19 PM

Yes, as long as it is new fund, for existing customer, only new fund start from 1st January 2012 are entitle for the additional 2%. It is even better than Standard Chartered 5%, it is because the 2% is daily interest. Maybank never promote this account, the previous promotion on 2011 was additional 3%, but for only 3 months, this year promotion is additional 2%, for the whole year, even better

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Added on October 17, 2012, 4:35 pmU're welcome, even Maybank stuff also dunno about these promotion, last year there was a similar promotion, with additional 3% for 3 months, total 6%, but cap to 50K only.

This post has been edited by eugenecctan: Oct 17 2012, 04:35 PM

Official calculation from Maybank, it is better to understand yourself rather than asking Maybankers. Most of them will give u wrong information. I know a very helpful and resourceful Maybanker, he is working at Menara Maybank, PM me for his name if you guys seriously want to know more about the product.
Or can PM me also with your email address if you need the full document for this product. I will reply only when I free.

This post has been edited by eugenecctan: Oct 17 2012, 04:55 PM

That's 14.50% p.a. effectively.

Still 5%, you get more because of the average daily balance, it is accumulating.
For normal bank FD, you have to place for 1 year to get 3%. For this account, you can place 1 cent anytime, and you are entitle to get the additional 2% accumulating.

The RM50K gets only 3% and the RM250 gets 5%, So for the total deposit of RM300K, your are getting RM4.5% p.a. EFFECTIVE rate.

I do not understand why banks nowadays want to create some promotion that is difficult to interpret and may create misunderstanding.

5% as long as you deposit after 31St of December last year.