Just wanna ask about GIA-I for maybank.

1. Place no need any document right? Just do from efd part of M2U?
2. No PIDM - does that worry anyone?
3. Confirm the interest granted even when withdraw after a few days?

Thanks. Wah so many questions when placing!

I think any bank also will reduce/cut-off your interest at high worth. I know OCBC and PBB after 1 million or so the remainder of the amount earns savings account interest (basically nothing).

He just lo suo way of saying that if your maturity date fall on public holiday or weekend you can get 'extra' interest when you withdraw on exactly the next working day (hence Monday). Some banks at promo rate, some at board rate, some don't give (AFAIK).

Of course, if you're 'holding' your money for a few days to wait for that special day you also lose money on interest for those days, so go count if its worth la.

Deal Hunter why keep posting walls of text? Your points can be summarized in 3 sentences but need 2000 words, this isn't school essay competition eh.

Once or twice isn't a big deal, but so often you should do like GenXGenYGenZ, get a blog, post there, and link it here. Those interested will read.

Online forums can't go into too much detail, it's not a suitable medium. Hence why we need to link to resources for further reading. Otherwise you spend dunno how long typing, but it will disappear in a day or two. Not to mention wasting other forumers time (especially reading on small phone screens).

You got 200k sitting around HNWI

The ratio is the Islamic Banking way of representing only. Interest kan haram. So they go do business with your money, then the profit they get they will give to you 70% of it.

It just 'so happens' only the rate they give you confirm sure (sort of) 4%.

You click, goes to website which looks like some important official bank page and has place for you to type your name and password.

If you bodoh bodoh type it in, then they take what you typed in and do their own login on your account.

Smarter con-job is they'll then ask you whether you want to do some very important security update. And then they'll ask whether you want to request TAC. And then they'll ask you to type the TAC which was sent to your phone =)

Every business is like this la. Like when pound value drop money exchanger suddenly stop trading it. But whenever got rise super fast to put price up.

Islamic banking anyone can use la, not just for muslims.

EDIT: My GIA interest just deposited, counting back got exactly 4% for all placed amount. So even if new placements 3.75% I think old placements (at least till today) getting 4%.

Maybe now the interest been issued the next month will be at 3.75% I guess. Just in case, I will not be uplifting any of the current amount =p.

This post has been edited by LostAndFound: Jul 18 2016, 07:25 AM

RHB sent me a letter (existing FD holder) that they have promo till 31st July 2016 which is step-up, effective 4.25%.

Based on history... 'special' FD promo from PBB won't be worth it one. Except for certain type of customer who only trust banks owned by their own people.