I called the call centre for definition of fresh fund. Accordingly, fresh fund could be a source of fund from our maybank saving / current account, even the fund is uplifted from our existing EFD and placed into this promo FD. The only thing is do not uplift today and place it today. Have to wait after 1 or 2 days.
Although this was what explained by the CS, I am still doubtful especially when I probe the CS that uplift of existing Efd in Maybank to savings account and subsequently (not same day) place it under 12 months conventional Efd is defined as fresh fund.
Anybody can confirm on this?
In addition, is there anyway to check what is the rate we having? Like in those certificate FD, the rate is clearly stated.
This one is like unless till end of the 12th month, you never know whether you get 4.27%. But then if till end of the 12th month only know not getting 4.27%, then wasted the effort now, isn't it?
Thanks

rates going lower and lower having my last month with 4.5% via mach HLB... gonna end soon... not sure where to place now... is it a good choice to put at 3 mths @ 3.9 while waiting for new promos? will the rates improve?? hmm

rates going lower and lower having my last month with 4.5% via mach HLB... gonna end soon... not sure where to place now... is it a good choice to put at 3 mths @ 3.9 while waiting for new promos? will the rates improve?? hmm

Supposed to be automatic step-up. But due to MBB issue, they used wrong code. So it became normal GIA-i of 4% monthly interest. They admitted this error and have to manually adjust the step-up interest. System unable to change already. 

Fresh fund by its simple definition means funds from other banks. Each bank has its own fresh fund guidelines and bank's front liners are guided by the general guidelines.  Since the guidelines are executed manually by human discretions then the definition of fresh fund becomes discretionary and it varies among banks, bank branches, bank staff and depositors.
I dont think banks are willing spend tens of thousands rm to intall a program just to allow system to auto check fresh fund and putting tremendous pressure to system computing resources just to run 24/7 to detect fresh fund from all types of deposit accounts.

For the step up FD rate, just download the promo TnC and keep it with you in case of discrepancy in the future.
As you can see some forumers here having discrepancy with Maybank GIA 12months step up rates, a black and white promo TnC can come in handy.

1) went to rhb today. Was told by the staff there their step up 1y fd, eff 4.25% is closed.

2) for maybank step up fd, even if opr reduces, at most would be, the campaign rates reduced by the same amount that opr reduces, right?

rates going lower and lower having my last month with 4.5% via mach HLB... gonna end soon... not sure where to place now... is it a good choice to put at 3 mths @ 3.9 while waiting for new promos? will the rates improve?? hmm

dont think there is 1-1 corresponding relation between opr and fd promo rate lei.

Better put in maybank eGIA-i 4%p.a can select 1-3 months placement.

My point is, if OPR reduces by 0.25%, my campaign rates cannot reduce by 1%. There’s distortion then. The last time OPR increased, it was by 0.25%, savings rate went up by 0.15%.

I don’t know what’s the relationship between OPR and normal savings rate, that’s why I’m asking.

For the Gia-i, if the profit sharing rate is 70/30. Then with a interest rate of 4% we would only be getting 2.8% and the bank gets 1.2%.
Is this correct? 

May I know is this the same as the GIA-i under the 2nd option drop down in M2U site?

When I clicked next, there's a long list of questions, and the options I have are only the "Mudarabah Investment Account" and "Islamic Deposit Account" as follows. May I know which one shall I choose to get the 4% interest?



Also is the 4% same for 1 to 3 months?

Thanks

For the Gia-i, if the profit sharing rate is 70/30. Then with a interest rate of 4% we would only be getting 2.8% and the bank gets 1.2%.
Is this correct? 

Yes.  First time you will be presented with that page. Select option (a)

Thanks bro

Also as I can read from the earlier posts, it can be withdrawn at any time without affecting the interest earned to date. May I know if I understand it correctly? E.g. if I place it now for 1 month and withdraw it after 15 days, will I still earn the 15 days' interest?

Yes that's right.
(edited by request of tun)