Fixed Deposit Rates In Malaysia V. No.12, Strictly for FD Discussion Only
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 Apr 14 2016, 01:47 PM
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All Stars
21,308 posts Joined: Jan 2003 From: Kuala Lumpur   
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QUOTE(galaxynote259 @ Apr 14 2016, 01:40 PM) Maybank GIA-i seems like a great alternative to savings account, 4% interest and can withdraw as we llike, can be done online too. I'm trying this too after reading on the "benefit". Is the benefit a bug or feature of MBB GIA-i ? |
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Apr 14 2016, 01:50 PM
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All Stars
65,281 posts Joined: Jan 2003
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QUOTE(ronnie @ Apr 14 2016, 01:47 PM) I'm trying this too after reading on the "benefit". Is the benefit a bug or feature of MBB GIA-i ? definitely not a bug, but more of the "nature" of GIA-i itself. |
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Apr 14 2016, 01:54 PM
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Junior Member
412 posts Joined: Jan 2012
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QUOTE(ronnie @ Apr 14 2016, 01:47 PM) I'm trying this too after reading on the "benefit". Is the benefit a bug or feature of MBB GIA-i ? yeap no penalty for early withdrawal. just set 60 months tenure but you are free to withdraw any day. |
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Apr 14 2016, 01:59 PM
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All Stars
24,339 posts Joined: Feb 2011
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QUOTE(cybpsych @ Apr 14 2016, 01:50 PM) definitely not a bug, but more of the "nature" of GIA-i itself. Hopefully maybank don't do anything cause if lots of people exploiting that hole, they might make losses and stop it all together. |
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Apr 14 2016, 02:04 PM
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Senior Member
895 posts Joined: Dec 2013
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QUOTE(galaxynote259 @ Apr 14 2016, 01:54 PM) yeap no penalty for early withdrawal. just set 60 months tenure but you are free to withdraw any day. so even 1k can set 60 mth and take out 1 mth later and get 4%.This post has been edited by yygo: Apr 14 2016, 02:04 PM |
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Apr 14 2016, 02:15 PM
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All Stars
21,308 posts Joined: Jan 2003 From: Kuala Lumpur
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QUOTE(galaxynote259 @ Apr 14 2016, 01:54 PM) yeap no penalty for early withdrawal. just set 60 months tenure but you are free to withdraw any day. I set to 1 month and plan to withdraw early next month... that should be OK right ? |
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Apr 14 2016, 02:16 PM
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All Stars
21,308 posts Joined: Jan 2003 From: Kuala Lumpur
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QUOTE(Ramjade @ Apr 14 2016, 01:59 PM) Hopefully maybank don't do anything cause if lots of people exploiting that hole, they might make losses and stop it all together. Today banks earn more than 4% on daily basis with your funds. How can they make losses ? |
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Apr 14 2016, 02:52 PM
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All Stars
65,281 posts Joined: Jan 2003
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QUOTE(ronnie @ Apr 14 2016, 02:15 PM) I set to 1 month and plan to withdraw early next month... that should be OK right ? the tenure is irrelevant  i even place and withdraw in 3 days time.  |
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Apr 14 2016, 02:56 PM
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Senior Member
895 posts Joined: Dec 2013
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QUOTE(cybpsych @ Apr 14 2016, 02:52 PM) the tenure is irrelevant but if amount <5k, you cannot set 1 month. have to set 2 mths and above. i even place and withdraw in 3 days time.  so the loop hole is <5k, set longer period, then take out 1 mth later still get 4%. |
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Apr 14 2016, 03:00 PM
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All Stars
65,281 posts Joined: Jan 2003
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QUOTE(yygo @ Apr 14 2016, 02:56 PM) but if amount <5k, you cannot set 1 month. have to set 2 mths and above. i put 1k with 2 month tenure. withdraw after 3 days. prorated profit is still 4%. so the loop hole is <5k, set longer period, then take out 1 mth later still get 4%. hence, it doesnt matter the tenure you put because m2u will prorate the profit back to you based on the days of placement. in short, interest is calculated in daily unit. |
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Apr 14 2016, 03:04 PM
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Senior Member
895 posts Joined: Dec 2013
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QUOTE(cybpsych @ Apr 14 2016, 03:00 PM) i put 1k with 2 month tenure. withdraw after 3 days. prorated profit is still 4%. understood. but their loop hole is <5k cannot put 1 mth, but we can bypass tat one.hence, it doesnt matter the tenure you put because m2u will prorate the profit back to you based on the days of placement. in short, interest is calculated in daily unit. |
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Apr 14 2016, 03:08 PM
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Senior Member
10,001 posts Joined: May 2013
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Can v withdraw monies via eGIA-i on piecemeal basis?
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Apr 14 2016, 03:17 PM
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All Stars
65,281 posts Joined: Jan 2003
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QUOTE(wil-i-am @ Apr 14 2016, 03:08 PM) Can v withdraw monies via eGIA-i on piecemeal basis? withdrawal as per placement. |
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Apr 14 2016, 03:24 PM
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All Stars
65,281 posts Joined: Jan 2003
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Apr 14 2016, 05:34 PM
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Senior Member
1,917 posts Joined: Sep 2012
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other than UOB, any banks offer online FD with more than 4% interests?
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Apr 14 2016, 06:11 PM
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Junior Member
412 posts Joined: Jan 2012
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QUOTE(moosset @ Apr 14 2016, 05:34 PM) other than UOB, any banks offer online FD with more than 4% interests? what is UOB online FD rate? |
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Apr 14 2016, 06:35 PM
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Junior Member
217 posts Joined: Oct 2015
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uob Revision of Deposit Interest Rates Effective 14th April 2016
Fixed Deposit Account Rates with effect from 14/04/2016 Tenor%P.A 1 MONTH 2.90 2 MONTHS 2.95 3 MONTHS 3.00 4 MONTHS 3.05 5 MONTHS 3.05 6 MONTHS 3.10 7 MONTHS 3.10 8 MONTHS 3.10 9 MONTHS 3.10 10 MONTHS 3.10 11 MONTHS 3.10 12 MONTHS 3.20 https://uniservices1.uob.com.my/jsp/finance/fin_fd.jsp http://www1.uob.com.my/announcement_fdinterest130416.html This post has been edited by poor man: Apr 14 2016, 06:42 PM |
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Apr 14 2016, 09:11 PM
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Senior Member
520 posts Joined: Jul 2015 
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QUOTE(cybpsych @ Apr 14 2016, 03:17 PM) withdrawal as per placement. the GIA thingy if place online, can it be uplifted or withdraw through counter?TQ. |
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Apr 15 2016, 07:08 AM
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All Stars
24,339 posts Joined: Feb 2011
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QUOTE(LNYC @ Apr 14 2016, 09:11 PM) the GIA thingy if place online, can it be uplifted or withdraw through counter? Technically you can. Uplift to your maybank account via online > go to Maybank counter > withdraw from your account TQ.  Officially, I don't know.  the above takes like only 5 minutes of your time (uplift you your account)This post has been edited by Ramjade: Apr 15 2016, 07:10 AM |
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Apr 15 2016, 08:59 AM
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All Stars
21,308 posts Joined: Jan 2003 From: Kuala Lumpur
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QUOTE(LNYC @ Apr 14 2016, 09:11 PM) the GIA thingy if place online, can it be uplifted or withdraw through counter? Why would you do that ?TQ. |
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