That's true. Any amount will be given interest unlike M2Savers

Anyway you will be given a True Transect account too. You can keep RM0 inside. No interest is given for True Transect. Only True Savers will give you 2.8%. True Transect will give you free IBGs (you don't need to pay RM0.11).
Ambank now have IBFT which is not free

There's no RM8+/year for debit/atm card

To transfer money out,
True Savers > True Transect > Transfer

To prevent getting charge by Ambank, keep in mind that there's a 3x/month on withdrawal/transfer (1 transfer = 1 withdrawal). This is not applicable for withdrawing over the counter (there's a news here that someone made their 4th withdrawal via counter and didn't get charged for it. )

If you are using CC, should not be a problem to keep the limit to <= 3x/month. I am using cash and I still can keep the withdrawal to <=3x/month.

Another good thing about Ambank is you can put rm1k into their Ambank Islamic eFD for 1 month unlike most banks which require rm5k for 1 month eFD. Very good for CC users

Interest is calculated daily. You will still get interest for weekends, public holidays. Interest will be given after 12AM of the last day of the month.

Is doesn't matter which branch. This is because the placement is online. You will just have to select term Islamic deposit online.

Two way I maximise interest given by Ambank is say I need to withdraw from maybank on Monday, I will IBG the money on Monday only. If I IBG on Friday, I will lose 2 days of interest. Best part is the IBG is FOC.

2nd, transfer all the money from true transect into true Savers to get max interest (true transect have no interest)

Also, with some maybank account, you can just keep rm1 inside, no yearly charges. Maybank ATMs are more commonly found compare to Ambank.

i always request for ATM card only last time.. but i guess now they all request for you to register debit+ATM card with them now..

some of debit card i put in drawer collect dust.. most of time i use instant transfer or IBG..

Ocbc not worth. To get 3%, you need to topup min rm1k/month.  Any withdrawal will cause the interest to drop to 0.5% for that month. Better you put 1 month maybank Islamic efd at 3.25% if like that.

Go to another ambank branch. Don't talk anything. Just fill up the form ans sign.

ocbc still bank card only .. haha.. all my savings go there because can get 3++ % interest p.a if every month deposit 1k.. many terms & conditions..

wonder this true ambank savers can beat ocbc? hmm..

2.8%.. just read the first post.. not bad i'd say and free IBG and MEPS withdrawal

last time i close ambank savings acc cause my area really sucks.. when i go for withdrawal, it's either ATM out of service or the machine gave me all rm20 notes maximum rm300

and 12 midnight also cannot make any withdrawal..

but foreign banks can like scb i register.. instant transfer all free.. so nice..

Ramjade my online application for True Debit Mastercard is successful today.
applied on Monday and receive email this evening about 3pm.
only 24 hours processing time. kinda fast i would say.

but is that mean my online account also activated?
or I should get my debit card first?

i) I think can transfer from either one but if you transfer from Saver account, it counts towards one of the 3x free withdrawal. For Savers Account, always remember that as long as money goes out from that account, it's considered as withdrawal.

ii) islamic eFD coz rate slightly higher. Lol

1)Remember, all transaction just use truetransect to be safe (prevent kena charge) . Any transfer/atm withdrawal you made from truesavers count into the monthly 3x limit. However over the counter is not counted.
2) If I am not mistaken is call term deposit-i. When you select that, the min amount automatically become rm1k. You can input a higher figure (including sens) if the figure shows rm5k, you have selected the wrong eFD.

How did you set RM 0 limit for your debit card? By telling the officer who opened your saving account?

For me who opened the saving account few month ago, can I set RM 0 limit for my debit card, by calling Ambank Customer Service?

Thank you for your advice, fruitie. 

You never use maybank eFD before after what sifu Gen-X taught how to earn extra money?

You can just let it renew on its own with interest add-on. Or be like me manually uplift FD upon maturity to truetransect (interest also credit to truetransect). After that, add extra money (including sens) + original amount + interest (including sens) into new Islamic efd. That way, next month, you will get higher returns. Your effective rate is >3.15% p.a

TrueSave gives 2.8% int, eFD gives 3.15%, putting rm5000, the diff in returns for 1 month is only rm1.46?   Fruitie your effort at Sams gives better returns la.

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

Yes life is already stressful enough, not worth to keep track of withdrawal counts n if accidently exceeded 3x n incur high withdrawal cost.

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.

Looks like it is workable if u only have one Creditcard or many cards with the same due date. As for me I already have too many cards with diff due dates.