yes basic SA is enough. and start playing in M2U for the eGIA-i placement.

if you're treating eGIA-i as pseudo-savings account, then M2U Savers is redundant because you will always push the money into eGIA-i (min 1k).

if money always less than 1k, then the few hundreds in M2U Savers or Basic SA wont give anything anyway. so, better take cash out for ad-hoc use.

furthermore, M2U Savers need min RM250 holding balance, which sometimes i think too high cuz i also want to take some cash into wallet. (e.g. rm100-200). Basic SA, like Wadiah, only need RM1 balance.

M2U eGIA-i (or eFD in m2u) need 5k min for 1mth tenure whereas 1k min for 2mth++ tenure.

irrespective to the selected tenure, you can uplift whenever you want, and still get the profit.

so, i just treat eGIA-i placements are pseudo-SA; anytime SA >1k, i just push to 2mth tenure placement. few days or weeks later, i uplift the fund+profit for other uses (house loan, car loan, credit cards, etc.)

where can u get 4.5%?

the way i see it, he was asking directly for 4.5%.

whatever it is, there is no GIA rate of 4.5%. The only GIA 4.5% promo already ended since 15 Jan.

hence i was curious where he got the idea at the first place.

how do u intend to "place 7th month tenure" ?

where did u get the info about "4.5%"?

i know what he wants, but i want him to be aware of what he expect first.

1st, if he confirmed the GIA PRomo 4.5%, then we all know which rate is he referring to.

2nd, it seems he has different understanding on how the FD/GIA works, as if he can just CHOOSE to place for 7 months placement to get 4.5% rate.

before you reach the page in the screenshot.

of course.


min RM5k for 1 month tenure. min RM1k for 2months+ tenure.

irrespective to tenure, you can uplift anytime and get the profit, even for 1 day.



reminder: GIA is not FD. it behave like one, but essentially an investment.

TRUE Savers BonusLink Campaign [ Ambank | T&Cs ]

TRUE Savers Account/TRUE Savers Account-i Bonus Rate Campaign [ Ambank | T&Cs ]
Campaign period: 1 September 2020 - 31 December 2020

Now’s the time to earn up to 6.25%p.a. when you make TRUE Savers/-i your everyday account.

Terms and conditions:
The campaign is from 1 September 2020 until 31 December 2020.
Eligible Customer(s) must meet the criteria under Category "Deposit" in order to enjoy bonus rate under Category “Spend” and “Invest or Insure/Cover”.
Bonus rate will be calculated based on the Monthly Average Balance (MAB) of the Participating Account on a monthly basis throughout the Campaign Period.
MAB capping of Ringgit Malaysia Thirty Thousand (RM30,000) shall apply for the bonus rate calculation for Category "Invest or Insure/Cover".
The Bonus Rate offered in this Campaign will be subject to immediate revision should there be any changes to the Overnight Policy Rate (OPR).
After the Campaign Period, no Bonus Rate will be awarded to the Eligible Customer(s) and the prevailing board rate shall apply.
All deposits must be in the form of Fresh Funds only.