Combine that with SAM, returns of more than what eFD can give.

Combine with HLB wise + true savers + eFD gives you the best returns.

fruitie
A trick I learned from sifu Gen-X with upgrades on my own. He promote m2savers but truesavers and Ambank Islamic efd is much more practical for those who spent less than rm5k/month

1. Know how much you spend per month (very important)
2. Allocate that amount.
3. Apply for HLB wise and truesavers.
4. Spend using HLB wise on/after statement date (do not exceed cashback limit)
5. Now you have about 30 days before the next statement date.
6. Dump whatever amount you will spend that month into 1 month Ambank Islamic efd (if >=30 days). If <30 days, dump into truesavers.
7. Upon statement date, uplift the eFD or use truesavers to pay it off (you can choose the option in truetransect to pay the card via IBG so it's FOC )
8. Whatever balance, interest earned put into 1 month Ambank Islamic eFD first together with next month money.
9. Before the next due date comes, the 1 month eFD would have matured. Just uplift and put into truesavers so it will continue earning 2.8%
10. Rinse and repeat

That way, you will get the 10% CB from HLB + eFD interest +/ truesavers interest.

Original method by sifu Gen-X is use m2savers and maybank eFD. To put 1 month maybank eFD. One needs min rm5k compare to min rm1k of Ambank Islamic efd. M2savers only earned you 2.25% compare to truesavers which earns you 2.8%.

In the event you scared payment is late, just use IBFT. Ambank now have IBFT not like last time.

Hope whoever reads this find it useful.

Gen-X, an updated method of your way to earn more CB instead of using Maybank. Want to update your post or still going to promote Maybank? BTW, can you drop suggestion to your RM to ask them to up their M2Savers rate? Is not competitive anymore especially now the max some banks give is already 2.6%

This post has been edited by Ramjade: Jan 13 2016, 05:04 PM

OT. Anyway, I read that you can ask the bank to set your statement date and bill date?

You sure all banks let you set due date?

You must be new.
http://generationsxyz.blogspot.com/ (his old blog - make sure to read from the start - 8th February 2012 - the blog goes back even further - also worth reading)

His new blog
http://genxgenygenz.com/

Might learn a thing or 2 from him.

Ok OT. Read his blog from start until the end. There a few life lessons in his old post. Also, check out your stuff on toefl. I gave you some advise on that.

It will go in on last day of the month at 12am.

One of the worse interface.

Btw, So far, it doens't take into account withdrawal of Truetransect + true savers as 3. I did 3x transfer from true savers > true transect + another 3x transfer out from true transect, didn't get charge for it.

Confirm? Did you call customer service to confirm? If yes, then going to close. Not worth keeping anymore.

Alright. Thanks for the info. Time to close it after 1/5/2016. Going to move to another bank with 2.5% interest in combo with maybank eGIA-i

No ocbc is stupid bank (their eSmartSavers only give 3.05% if you deposit every month rm1k and don't withdraw - like that better put Ambank Islamic efd at 3.15% or maybank eGIA-i at 4% with flexibility to withdraw.

I am thinking RHB bonus savers but need to topup rm500/month with yearly fees of rm8.48 which will reduce the effective rates.

Other alternative m2savers but only 2.25% and need Rm2k.

Need to research some more.

Edit:
So far:
OCBC 360 2.9%
MBSB Cash Rich 2.68%
RHB bonus savers account 2.65%
BSN SEDAR/CHESS 2.5%

OCBC 360 seems not bad. Quite easy to achieve but downside is paying bills via OCBC as one can get 10% by using HLB wise to pay bills.

Anyone got any recommendation?

Just close it. No point keeping. Why should one not close the account?

This post has been edited by Ramjade: Apr 8 2016, 01:47 PM

Leave. Interest to low to justify staying. If lots of people withdraw, they might consider as all banks have target for their products whether it's sales, accounts, loans, cc, etc.

This post has been edited by Ramjade: Apr 8 2016, 02:12 PM

Close at 1/5 or after that so that you get the interest for April. If you close before 30/4, I don't think you get any interest.

I haven't really research.

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

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

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

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

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