Does it mean we put RM50k and we get 5% p.a. for each month until 31 December 2012 ?
Seems to good to be true....     

Will have to start saving so money for this one already..... Is it must have some premier account??

If yes, then fantastic, in the previous SCB offer, if we open a new account in October 2011, we were guaranteed the 5% interest.

As of now, I still don't understand in full especially the tenure of the deposit  Will report back if I go to MBB tomorrow.

**Edited**

Anyway, I started another blog called Fixed Deposit Malaysia. Unlike my Fixed Deposit Page where I basically list the FD Promotions in town, in this new blog I will comment on FD promotions in detail and post any promotions relating to FD and CASA too. And you don't need a google ID to comment

And the very first "new" post is about OCBC Booster Deals which comprises of 4 different promos. For those of you who are new to OCBC Combo Plan where you can earn 4%pa for 3 Months FD but need to deposit 20% equivalent sum to the FD into a selected Savings Account, click below link to read my article.

OCBC Booster Deals - Up to 5% Interest Rate for Fixed Deposit Promotion 2012

Oh..., I wonder how could this went undetected from all the FDMCGC members' radars? 
MBB seems keeping it rather tight...no ads no news... 
If I knew about this I would have gone for it in Jan rather than taking the ocbc 4% for 12mth...
1% extra for the entire year is a lot of diff... Quite pity about it...
Now, maybe can join in for a shorter duration...
Thanks to eugenecctan for sharing the news.

That's 14.50% p.a. effectively.

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.

Thanks.

I think I will apply for OCBC OD, then use OD to apply for Maybank Islamic PMA-i . Just a note, I was on the phone with Maybank hotline enquiring on PMA-i , it seems to confirm that its a current account thereby requiring an introducer. Gonna phone Maybank Islamic to confirm. 

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Added on October 18, 2012, 9:58 am

Same case here , been adding Rm1k via giro. Only thing is no matter wat date mature, better keep it untul the first of the following month..

Take a look at the sample calculation you attached.

Total savings is RM300K for 1 year.
Total Dividend earned is RM8,631.09 (3%) + RM4,883.50 (2%) = RM13,514.59 per year. 

A rough backward calculation, you will get the annualized effective rate of 4.50% (ignoring the 14 days late deposit in Jan).

Another way to look at it is picture no.2, where it stated clearly that only RM244,174.95 (Incremental Average Daily Balance) gets extra 2% dividend. NOT RM300K gets extra 2%.

And one more counter check you can do is, if it is 5% on the entire deposit balance of RM300K, then you should get RM300K x 5% = RM15,000 dividend per annum instead of just RM13,514.59 per annum.   

5% p.a. is correct only for RM250K deposited in the calender year of 2012 only.

We ? Gee, you are from maybank ?
If it is 5% effective, rm300k should get rm15k dividend. But in your illustration above, it was clearly 4.5%. (ignore the late 14 days deposit)

I think you have forgotten about the rm50k balance as at 31.12.2011 which is not entitle to extra 2%.

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Added on October 18, 2012, 11:21 am

It is correct only for the new to PMA investment deposited in calendar 2012. But he was referring to the investment illustration posted above as 5% pa. which is incorrect.

Bro, need to ask you the One Million Dollar question...

Can we still get 5% if we open a PMA-i account with RM50k on 1st Nov ?
Or do we topup RMxx between the Nov and Dec 2012 ?

Yes. Brain hurts here too. But er... if I have <RM50k for this musical chair is it worth it? Or I'll go for HSBC 3 months 5%

Bro, why you never read my post Maybank Premier Mudharabah Account-i - Up to 4.75% Dividend at my new Fixed Deposit blog?

First of all you not getting 5% because the GIA-i 1 month rate is not 3%

Secondly, in the same post mentioned above, I did advise that one opens the account and deposit RM50K prior to November in order to get the GIA-i 1 month rate in November.

And last but not least, for CASA, unless you are depositing cash, the money needs to be cleared so opening an account on 1st November to get the Gia-i rate will depend on how you deposited your fund.
Once again, you are NOT going to get 5% no matter how you calculate because the GIA-i rate is not 3%. IF for less than RM50K, no brainer, go for HSBC 5%.
Once again, nobody is going to get 5% for November and December 2012 based on GIA-i 1 month current rate.
Very true, with the 2% interest this account is very good for those who open it this year but it is not necessary the highest interest rate for RM5K and below. Click here to my article The Best Savings Account in Malaysia to see savings account offering 2.85% and above with RM50 deposit monthly.

Share it here, it's freaking long and I have summarized it earlier, see below:
As as I said, there are accounts that pay you higher than 2.85% even if you do withdrawal and mentioned in this  thread over and over again.

You may have earned 5% for previous months but you should not be misleading others that they can get 5% for November or December. Please check the GIA-i rate yourself at Maybank site if you do not wish to visit my blogs.

Let's say we open this month and we will get 2.75/3 starting nov and dec. what shall we do in jan 2013? Waiting for new promote or withdrawl fully?

Genx is right on this. The current rate (16Oct - 15Nov) is 2.75%. See link here: Maybank link

No, I don't have existing PMA-I account yet. I appreciated your sharing of PMA-I in this thread and it prompted my interest and that's why I actively participated in the discussions pertaining to this promo 

I care because I found a discrepancy of 4.5% being defined as 5% (assuming the GIA-I is fixed at 3% and Extra dividend is fixed at 2%) and I wish to debate about it  . And I was referring to the sample calculation posted by you.

Anyway, you are right about 5%p.a (assuming the GIA-I is fixed at 3% and Extra dividend is fixed at 2%) only if customer is NEW TO PMA-I in the calender year 2012 with zero balance as at 31.12.2011.

Since you mentioned that it only applicable to you as an existing PMA-I customer with balance as at 31.12.2011, perhaps you can share with me what is my effective % for the entire calender year of 2012, if :-

My existing PMA-I Balance as at 31st Dec 2011 = RM30,000
I top up on 1st Jan 2012 = RM70,000
Balance as at 31st Dec 2012 = RM100,000

Assuming:-
No withdrawal thru out year 2012
GIA-I and extra dividend fixed at 3% + 2% thru out year 2012. 

Thank you 

The extra 2% interest is on incremental of RM1K. In other words, the probability of earning effective 5% (assuming that one gets 3% for the GIA-i) is very slim.

Anyway, we all must thank eugenecctan for highlighting this great product in 2012. And looks like he is the smartest of the lot and most likely earning more in terms of effective interest for this entire year versus us wasting time moving our funds playing FD Musical Chair, hahaha

Next year, first thing to check is Maybank Premier Mudharabah Account-i 

Thank you for time Bro. 

My old tool of trade (financial calculator) still working fine abide covered with dust, I still agak-agak remember how to do some simple compound interest calculation . Let me complete the equations for you.

With the assumptions that:
GIA-I rate is 3% pa compounded monthly.
Extra Dividend is 2% compounded monthly. (Actually extra dividend is paid yearly but I assumed paid monthly for easy calculation)

For the 30K, the compounded dividend for 2012 is = 912.48
For the 70K, the compounded dividend for 2012 is = 3,581.33

Therefore total monthly compounded dividend for calender year 2012 is RM4,493.81. Right ?? Hence 4.49% p.a effective return out of RM100,000 investment amount. I really couldn't figure out where is the other supposedly 0.5% came from. 

Above is based on your formula ie split to two account.

http://maybankislamic.com.my/ click at rates , look at GIA-i

Mach by Hong Leong Bank or OCBC Bonus Saver

How come nobody report status of MBB PMA-i ?