This post has been edited by cybpsych: Jun 29 2018, 10:23 PM

but still no longer daily already right?

of course no.

i still continue to park some small-ish money, every 1-month and 2-month cycle.

The latest rate is 3.68% or 3.69% p.a. Do note however that the rate is not fixed or guaranteed. You will only know about it when they declare the distribution the following month.

I created philip mutual acc,
But after browse through their website interface, i feel not comfortable.
In the end i put money at fundsupermart rhb cash 2.

FSM cash management fund 2,
how is the interest calculation?

let say we put RM10000, and the interest that day is 3.4%,
then the daily interest we earn is RM10000 * 3.4% / 365 ?

i have put some in it but the interest seems lower than that....

So,

GiA: 3.20% | no interest for early uplift | not covered by PIDM.

What's making anyone retain with GiA then? If not, what other FD instrument comparable to GiA that Maybank offers?

People who put multiple eGIA before maybank close the loophole.

Phillip money market fund. 3.5x%

Fund size for GIA drop to RM14.6B

"Fund Size and Growth
As at December 2017, the Term Fund-i balance was recorded at
RM 14.6 billion, 39% reduction year-on-year from RM 24.0 billion
in December 2016. "


http://www.maybank2u.com.my/WebBank/IA_Fun...e_TF_2017Q4.pdf

This post has been edited by akping_1: Apr 25 2018, 09:00 AM

As expected since they change the system.

it should drop further after Aug this year which is year after they start new interest system.

I meant to say if there are other Maybank FD instrument that is similar to GiA, i.e. online and easy upliftment...

No maybank stuff, look for other alternative. Phillip money market fund is fully online

I heard that GIA cannot be uplifted before the month you opt for right?

What do you guys think is the best to park excess cash now? Still conventional FD or opt for GIA? Highest return to pro my excess cash. Don't need care PIDM protected etc.

Boss, sifu Ramjade recommended alternative on post just before yours.

no difference to efd anyway. i parked here just for sake of simplicity in managing the fund.

if want higher profit, choose other investment type. efd/egia would not be your preferred choice.

@Ramjade

following u from the OCBC360 ,

seem like philip 3.5% is good deal ....

but now , it seems to be buying fund ?
buy fund , got lock in period ?
the interest/dividen calculate daily ?

See my edited reply in ocbc thread with eg of calculations.
No lock in period. You can sell anytime you like. Not very sure about calculated daily as I am not exactly sure how they count.

looking at eunittust.com.my , at philip mutual fund .....the fund NAV fluctuate .
and there are sales charges too .....

am i looking at the right place ?

No you are not.
https://www.eunittrust.com.my/Home/FundDetail/?fcode=001100