This is a structured fund.....both principal and return are NOT guaranteed....the principal returned is the nav, which can be below par...and return is 'target' only....

Maybank rates never competitive....

GIA not only no pidm cover, but capital is also not guaranteed....

i was responding to ramjade's comment about gia not being pidm covered, stating the fact that it also doesn't guarantee the capital....

it matters in theory, as that makes it a high risk product, and people should realise that...although in practice, in the short term, that risk is probably still very small....but depositors should know these facts...

the returns are higher as the bank does not need to factor these gia deposits in their ssr calculations nor pay for pidm cover...

This post has been edited by limeuu: Jul 29 2016, 07:54 AM

At these rates, still better with gia ....instant access to funds....

If I am not mistaken, gia is not a guaranteed instrument, and your profit sharing return depends on the performance day to day....so when quoted return drops, your return will accordingly drop...