MBSB is good. Straight to the point. Interest calculated daily and credited monthly.

Most likely I will be choosing OCBC or RHB (nearest) and decline the atm card to save RM8.48.

This post has been edited by Ramjade: Apr 8 2016, 07:21 PM

Only for 12-month though. After that the interest rate becomes permanent at 2.65%. And after completing the 12-month top-up of RM500, should you continue to bank-in RM500 the following month or any other month, the interest rate will become 2.75% for that particular month.

So after depositing RM500, can withdraw the RM500 or not? Or it must stay inside there? 2.65% is better than new Truesaver of 1.8% or M2Savers of 2.25%

This post has been edited by Ramjade: Apr 8 2016, 09:19 PM

No. You can't. The RM500 has to stay in your account for one whole month. The only catch is that you need 12-13 months in order to get the 2.65% interest rate.

Excellent. Then I guess I will switach Truesavers to RHB without the card. Thanks again.

This post has been edited by Ramjade: Apr 8 2016, 09:46 PM

1 year later, RHB might change the interest rate, like the True saver account.

That's always possible of course. Anyway, this account has been around for quite some time and some people have been enjoying the 2.65% interest for more than 1 year. Whoever opened this account when it was first launched got the upper hand.

CIMB MONEY MULTIPLER interest rate is 2.5% for balance of rm10k n above.
Whenever I have >rm10k cash in hand it will be parked there otherwise at MBB Savers-i.

This post has been edited by MGM: Apr 9 2016, 06:12 AM

Not worth. There are other banks offering better rate than that for RM10k. You should park your money in Maybank eGIA-i 4%.

This is more like an FD. Let say u withdraw 1/3 of rm30k mid month, at the end of that month do u get half month of profit for the 30k and half month of profit for the balance of 20k?

Nope you still get 4% upon early upliftment. However I am not sure you can uplift partially or have to be whole amount. This product is not PIDM protected nor is the principal and returns guaranteed. However, people in the FD thread have reported getting consistent 4%p.a every month (already 3 months+)

No FD can give you this benefits. Good for parking the money short term.

This post has been edited by Ramjade: Apr 9 2016, 07:39 AM

mbb gia-i (online), daily interest. uplift as per placement, no partial withdrawal. alternatively, withdraw all, then place again with the balance

i parked for 3 days, gotten 3-days profit. another fund, i parked for 15 days, gotten 15-day profit.

now whenever i have >1k in m2u, i pushed it to mbb gia-i immediately. withdraw it when i need the fund to be ready for use.

This post has been edited by cybpsych: Apr 9 2016, 08:33 AM

So u can make a 2mth-rm1000 placement and when u withdraw it 3 days later u still the get 3 days interest without penalties/fees?
All these deposit n withdrawal can be done online without going to branch office inc opening of account?

That's right. If you want to put for 1 month, you need min RM5k. So for those of us who don't have RM5k, we put for 2 months (min RM1k)

This post has been edited by Ramjade: Apr 9 2016, 08:54 AM

yep, no penalty

all in m2u.

Great, then no point putting money in Ambank TRUE, time to move out to MBB GIA-i.

BTW, the few days of interest for premature withdrawal will still earn 4% or reduced rate?

Can also put in multiple placement of rm1000 each, and when there is requirement just withdrawal the amt u need?

This post has been edited by MGM: Apr 9 2016, 09:12 AM

from my calculation, still 4% p.a. rate

yes, that's what i do. put multiple placements with min rm1k. then withdraw any of them to use.

example: credit card due date @ 10 April, car loan @ 15 April, house loan @ 20 April.

you can put 3 placements, then withdraw each on 10th, 15th, and 20th respectively. this way, u can maximize each placement for its profit calcuation (daily-based).

or

put one lumpsum placement with expected future amount to be withdrawn (cc+car loan+house loan).
then on 10th, withdraw this lumpsum. pay cc first.
then put a new placement (car loan+house loan).
then on 15th, withdraw the new lumpsum. pay car loan.
then put a new placement (house loan).
then on 20th, withdraw and pay house loan.

This post has been edited by cybpsych: Apr 9 2016, 09:28 AM

TQVM. Learn n benefits a lot from u. esp the MBB 100% CB promo. Give u

paiseh just sharing

.

This post has been edited by aromachong: Nov 3 2016, 04:07 PM