That's it. The end of good time. Once all money is lifted up, then gotta move all to FSM.

I've just test uplift a 10k, 60 months yesterday's placement this morning. Yes, GIA calculated RM10,000.97. Still getting 3.55% one day profit if i uplift it today.
Made a new 1k 12months placement for another test tomorrow to confirm the new GIA TnC.

i concur....so this is the last one

thanks for serving us well when it lasted. let's see how this mass moving would affect their balance sheets. prob not much to be honest

Salute you for the test.
But new placements if get daily interest upon premature uplift still might not attract me to place new one, cause if they dont give me interest, I lost the argument base and left with 0 interest instead of at least 2% in m2u saver I acct. It maybe just me...
Really sad news.

eGIA is working like normal FD wef 1 August 2017. The working mechanism is as below link. Example, 12 months tenor is placed on 1 August 2017 but premature withdrawal on 1 September 2017, no profit will be paid.The same for 15 September and so on till the 3rd month.

Maybank notification on eGIA

the exact thing that made them special just make them common now. what makes this stand out compared with other eFD though?

is it means from now on, if i put 60months 3.55% and withdraw it prematurely 6 weeks later, the profit will credited monthly (4 weeks later), so i will lost 2 weeks profit? or i will lost all 6 weeks profit?

after six weeks u put in and you withdraw, u have no interest.

50% interest if you withdraw after 3 months from date of placement.
0% interest if less than three months.

but GIA already credit monthly profit to saving account after 4 weeks. How they gonna debit back the monthly profit? they gonna deduct our principle when premature withdraw?



http://www.maybank2u.com.my/mbb_info/m2u/p...al/ACC-Accounts

Features & Benefits

Placement tenure : 1 - 60 months
Profit calculated on daily basis Potentially earn higher returns. Profit gained from the investment will be shared between both parties (Customer & Bank) accordingly based on agreed profit sharing ratio (PSR). The profit will be paid on monthly basis and it is NOT subject to tenor or number of withdrawal
Payment of profit is on monthly basis

are you saying before august deposit? i think i get what you mean now. you put in credit to account every month. that part i am not sure but it sounds like a loophole right now.

I mean if i put 60 months 3.55% after 1 August, Profit credit to account, monthly basis... so my question is after 4 week my saving account will get 4 weeks interest credited already, after 6 weeks i premature withdraw, i will lost 2 weeks profit or i will lost the whole 6 weeks with principle reduced?

If you make placement after 1/8, you won't get anything if you make pre mature withdrawal. If set it to deposit to account, I am sure maybank will just minus the principal.

Similar to that of FD with monthly interest payment, if you premature withdraw after 6 weeks, the bank will deduct from your principal amount for all the interest already paid in advance.
Having said that, no one actually test the system yet. Anyway, you can do a test with a 1k 12months deposit and premature withdraw it after GIA credited the first monthly interest to your casa. Who knows, ada loophole.

Moving all my money to FSM CMF ady. Hope other banks will have the similar thing to GIA-i

Yes, the loophole.

If you put

Tenure: 6 Month
Interest Credit: Monthly
Placement date: 1 AUG 17

1 SEP 17 - you will received interest correct?
Then say you with w'draw on 30 SEP 17, no more interest given for 1-29 SEPT, but the previous interest payment had been given, means given ??

In public bank eFD, last time they have something like this also.
But as you know PB character, evey single cent must be calculated to their profit.
If you void the tenure period, they cut back from your principal later of the interest you have been given.

as aeiou228 wrote above, this has not been tested yet.

mbb could've clawback the monthly profit from principal or debit (charge) you the difference.

hi, the loophole that we put "before 1/8/2017" still work?

no such thing as loophole.

it's already tested as expected.

thanks, which means we still receive interest (for premature withdrawal) as long as the funds that park before 1/8/17.