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 Maybank eGIA-i 3.45% p.a., Rojak of SA + FD + MMF

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lch78
post Jul 16 2018, 11:54 PM

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QUOTE(cybpsych @ Jul 16 2018, 10:22 AM)
Important Notice: Mudarabah IA - General Investment Accounts
13 JULY 2018

Dear valued customers,

Kindly be informed that effective 1st August 2018, the Customer of General Investment Account –i (“GIA-I”) with tenure of 1 (one) month are allowed to do premature withdrawal of their fund from GIA-i account. However, the payment of profit (if any) will be paid based on the number of days of the investment.

Except for the said revised terms, the terms and conditions for premature withdrawal  of GIA-i with tenure of 2 (two) months and above shall remain unchanged. Please refer to the Product Disclosure Sheet (PDS) and General Terms and Conditions (“GTC”) for further details.
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rclxms.gif
55665566
post Jul 17 2018, 09:13 AM

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QUOTE(lch78 @ Jul 16 2018, 11:54 PM)
rclxms.gif
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Does that means you put 45 days, then get 45 days of interest.
But if you put 20 days, then you get 0 interest?
cybpsych
post Jul 17 2018, 09:59 AM

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QUOTE(55665566 @ Jul 17 2018, 09:13 AM)
Does that means you put 45 days, then get 45 days of interest.
But if you put 20 days, then you get 0 interest?
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aiyor, read properly la.

payment of profit (if any) will be paid based on the number of days

from PDS:

Customers may withdraw the Fund at any time and will receive the accrued profit (if any) based on the number of days of the investment.

put 20 days, get 20 days of profit lor.

this "feature/flexibility" was removed then reintroduced back for 1mth tenure (min RM5k) only.
fairylord
post Jul 21 2018, 12:26 AM

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So, each must select 1 month tenure to enjoy the %? What if select 2 months or other alternatives. Have read this thread a year back, when I wanted to join the party, they choose to block the way, forgotten what I have read sad.gif
sendohz
post Jul 21 2018, 08:49 AM

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QUOTE(fairylord @ Jul 21 2018, 12:26 AM)
So, each must select 1 month tenure to enjoy the %? What if select 2 months or other alternatives. Have read this thread a year back, when I wanted to join the party, they choose to block the way, forgotten what I have read  sad.gif
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According to the new TnC should be eligible for 1 month only.
cybpsych
post Jul 21 2018, 10:51 AM

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QUOTE(fairylord @ Jul 21 2018, 12:26 AM)
So, each must select 1 month tenure to enjoy the %? What if select 2 months or other alternatives. Have read this thread a year back, when I wanted to join the party, they choose to block the way, forgotten what I have read  sad.gif
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no. any tenure has its % profit rate.

user posted image

1mth tenure need min RM5k placement. 2mth tenure above requires min RM1k placement.
sendohz
post Jul 21 2018, 11:33 AM

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hmmm PMMMF 3.6 vs 3.20 eGIA
fairylord
post Jul 22 2018, 02:16 PM

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QUOTE(cybpsych @ Jul 21 2018, 10:51 AM)
no. any tenure has its % profit rate.

user posted image

1mth tenure need min RM5k placement. 2mth tenure above requires min RM1k placement.
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Thank you boss.

So if i were to put in less than RM5k, i will only enjoy 3.2% p.a. and i can withdraw anytime earlier (says 20 days) but still enjoy the 3.2% p.a. based on total day (20 days) i have put in?

So if i put in RM5k or above, is that mean better to go for RM60 mths to gain 3.7% p.a, if i withdraw anytime earlier (says 20days) but i still enjoy 3.7% p.a. based on total day (20days) i have put in?

Thank again.

QUOTE(sendohz @ Jul 21 2018, 11:33 AM)
hmmm PMMMF 3.6 vs 3.20 eGIA
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both not under PIDM, right?

Ramjade
post Jul 22 2018, 02:48 PM

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QUOTE(fairylord @ Jul 22 2018, 02:16 PM)
Thank you boss

Thank again.
both not under PIDM, right?
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PIDM won't really be an issue to me as the underlying asset is basically FD.
Another reason is PIDM only cover when banks go broke.
Nom-el
post Jul 22 2018, 03:58 PM

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QUOTE(fairylord @ Jul 22 2018, 02:16 PM)
Thank you boss.

So if i were to put in less than RM5k, i will only enjoy 3.2% p.a. and i can withdraw anytime earlier (says 20 days) but still enjoy the 3.2% p.a. based on total day (20 days) i have put in?

So if i put in RM5k or above, is that mean better to go for RM60 mths to gain 3.7% p.a, if i withdraw anytime earlier (says 20days) but i still enjoy 3.7% p.a. based on total day (20days) i have put in?

Thank again.
both not under PIDM, right?
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No, that was the case a few years back. Not anymore. Starting from 1/8/2018, the ability to get profit based on number of days only applies to 1 month placement. For all other tenures, you must complete it to get the profit, meaning not based on number of days completed. So need min. 5k to enjoy the flexibility.


QUOTE(Ramjade @ Jul 22 2018, 02:48 PM)
PIDM won't really be an issue to me as the underlying asset is basically FD.
Another reason is PIDM only cover when banks go broke.
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For GIA-i, the underlying asset is loan to Maybanks' customers (retail financing).

fairylord
post Jul 22 2018, 04:07 PM

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QUOTE(Nom-el @ Jul 22 2018, 03:58 PM)
No, that was the case a few years back. Not anymore. Starting from 1/8/2018, the ability to get profit based on number of days only applies to 1 month placement. For all other tenures, you must complete it to get the profit, meaning not based on number of days completed. So need min. 5k to enjoy the flexibility.
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I see..So this is what meant by the term below. 5k is the minimum entry back to enjoy the previous glorious term.

QUOTE
Except for the said revised terms, the terms and conditions for premature withdrawal  of GIA-i with tenure of 2 (two) months and above shall remain unchanged. Please refer to the Product Disclosure Sheet (PDS) and General Terms and Conditions (“GTC”) for further details.



bbgoat
post Jul 22 2018, 05:31 PM

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QUOTE(cybpsych @ Jul 16 2018, 10:22 AM)
Important Notice: Mudarabah IA - General Investment Accounts
13 JULY 2018

Dear valued customers,

Kindly be informed that effective 1st August 2018, the Customer of General Investment Account –i (“GIA-I”) with tenure of 1 (one) month are allowed to do premature withdrawal of their fund from GIA-i account. However, the payment of profit (if any) will be paid based on the number of days of the investment.

Except for the said revised terms, the terms and conditions for premature withdrawal  of GIA-i with tenure of 2 (two) months and above shall remain unchanged. Please refer to the Product Disclosure Sheet (PDS) and General Terms and Conditions (“GTC”) for further details.
*
QUOTE(Nom-el @ Jul 22 2018, 03:58 PM)
No, that was the case a few years back. Not anymore. Starting from 1/8/2018, the ability to get profit based on number of days only applies to 1 month placement. For all other tenures, you must complete it to get the profit, meaning not based on number of days completed. So need min. 5k to enjoy the flexibility.
For GIA-i, the underlying asset is loan to Maybanks' customers (retail financing).
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thumbsup.gif notworthy.gif notworthy.gif

Have not join this thread for a long time.

Good news as I have a lump sum which I need to park for <1 mth. So this will earn me some pocket money.

Thanks ! thumbup.gif
sendohz
post Jul 22 2018, 08:39 PM

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QUOTE(bbgoat @ Jul 22 2018, 05:31 PM)
thumbsup.gif  notworthy.gif  notworthy.gif

Have not join this thread for a long time.

Good news as I have a lump sum which I need to park for <1 mth. So this will earn me some pocket money.

Thanks !  thumbup.gif
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Wow FD sensei is in this thread.
i'm still in dilemma on PMMMFvs eGIA
effectz
post Jul 24 2018, 07:36 PM

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Please update the first post 😁
ytan053
post Jul 28 2018, 01:12 AM

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QUOTE(sendohz @ Jul 22 2018, 08:39 PM)
Wow FD sensei is in this thread.
i'm still in dilemma on PMMMFvs eGIA
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Referring as a saving account replacement:

As you pointed out earlier (and I am sure you are very well aware of this)- PMMMF gives you around 3.65% to 3.69% (my record is since Mar 2018, it has been above 3.63%).

For eGIA, the latest is 3.6% up to 35 months and anything above 3.6% is for 36 months and above.

Since PMMMF can easily give a daily rate of 3.65%, what is your concern then if the money is for day to day use / liquid? unless you are looking at 3.75% which u need to lock it for 60 months (forget about liquidity here). If the money need not be used for a longer period, say at least 1 year, then chase for FD promo or better still, go for Amanah Saham fixed price, if you get to buy the unit.

Otherwise, in fact UT bond can fetch quite a decent return depending on the UT bond selection (can give around 4% to 6%). need to study the performance.

just putting things in perspective, not to criticise u because i believe u are quite well verse with the above
sendohz
post Jul 28 2018, 08:34 AM

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QUOTE(ytan053 @ Jul 28 2018, 01:12 AM)
Referring as a saving account replacement:

As you pointed out earlier (and I am sure you are very well aware of this)- PMMMF gives you around 3.65% to 3.69% (my record is since Mar 2018, it has been above 3.63%).

For eGIA, the latest is 3.6% up to 35 months and anything above 3.6% is for 36 months and above.

Since PMMMF can easily give a daily rate of 3.65%, what is your concern then if the money is for day to day use / liquid? unless you are looking at 3.75% which u need to lock it for 60 months (forget about liquidity here). If the money need not be used for a longer period, say at least 1 year, then chase for FD promo or better still, go for Amanah Saham fixed price, if you get to buy the unit.

Otherwise, in fact UT bond can fetch quite a decent return depending on the UT bond selection (can give around 4% to 6%). need to study the performance.

just putting things in perspective, not to criticise u because i believe u are quite well verse with the above
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Thanks for your feedback.
In my thoughts eGia still provide the ultimate flexibility - instant fund after withdrawal (in case of urgent emergency)
However if one can plan ahead then PMMMF T+0 should be enough - my encounter sell during early morning and get money late evening or tomorrow morning.



waeguk
post Jul 28 2018, 08:50 AM

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Strange why they do like this.

They want customers to keep putting in and withdraw every month??!? rclxub.gif




QUOTE(cybpsych @ Jul 17 2018, 09:59 AM)
aiyor, read properly la.

payment of profit (if any) will be paid based on the number of days

from PDS:

Customers may withdraw the Fund at any time and will receive the accrued profit (if any) based on the number of days of the investment.

put 20 days, get 20 days of profit lor.

this "feature/flexibility" was removed then reintroduced back for 1mth tenure (min RM5k) only.
*
WhitE LighteR
post Jul 28 2018, 09:31 AM

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QUOTE(waeguk @ Jul 28 2018, 08:50 AM)
Strange why they do like this.

They want customers to keep putting in and withdraw every month??!?  rclxub.gif
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U obviously new to this game... u should read this thread first. Basically they are using it as a high interest savings account. In any case, it benefits maybank to gain more investors. They made their money daily too... at least this way we have a way to share the pie.
cybpsych
post Jul 28 2018, 10:16 AM

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QUOTE(waeguk @ Jul 28 2018, 08:50 AM)
Strange why they do like this.

They want customers to keep putting in and withdraw every month??!?  rclxub.gif
*
another reason probably because of the higher min RM5k/placement @ 1mth tenure, sure customers complaining the withdrawal restriction.

if 1mth tenure has min rm1k/placement, probably maybank retain previous decision to only grant profit upon maturity instead.
ytan053
post Jul 28 2018, 07:27 PM

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QUOTE(sendohz @ Jul 28 2018, 08:34 AM)
Thanks for your feedback.
In my thoughts eGia still provide the ultimate flexibility - instant fund after withdrawal (in case of urgent emergency)
However if one can plan ahead then PMMMF T+0 should be enough - my encounter sell during early morning and get money late evening or tomorrow morning.
*
As long as withdrawal on the day is before 930am. What I did is plan ahead. I.e. need money in Maybank on Wed , I submit the sell order on Tuesday night after 6pm which is still considered as before Wed 930am so that I don't need to stress myself to submit the order before Wed morn 930am.

For other than Maybank, the transaction at times can take another working day or very late on that day itself (11pm + only see the money in the account). don't brother with egia if u can plan ahead

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