Don't use Egia. Last time yes, nowadays is better to go with Phillip money market fund.

That's why I use Phillip money market fund only.

i deposited 5k last night, checked this mornig and realized that it's 2.5% thsi morning.... Uplift today get 34sen.

yep, same here. just realized it during uplift.

I don't they target the same batch of old timrr

dont understand. what is "target"

maybank updates the gia rates on monthly basis.

no wonder they delayed this "feature" to 16 Aug, because that's the rate revision took place each month on the 16th.

the 2.5% p.a. for 1mth tenure should be new rate effective 16 Aug 2018 to 15 Sep 2018, yet to be updated in mbb website.

This post has been edited by cybpsych: Aug 17 2018, 12:25 PM

Sorry sifu for my poor language.


I meant if MBB provide only 2.5% meaning they are hoping for new group of customer who only aim for such interest in return, instead of old timer are using GIA to aim for much higher interest rate.

Apologize as I can't remember how it works as I only read previously about the good old time.


Is the interest immediate release together with principal upliftment? And every mid of each month will announce new interest rate, is this meant the placement between 16/8 to 15/9 will be based on previous month interest rate which is 2.5%¿

yes as long as 1mth tenure, profit together with principal.

it doesn't matter when is the rate announcement, profit calculation is on daily basis anyway

Haha, MBB lowered the 1 mth profit rate.

Anyway for me, just leave it there as it is for short term only.

dem... the rate reduced... baru balik dari kerja 5 minggu check2 kurang rate for 1 mnth placement topkek. start to research those philips fund as per all the sifu comments here

Bro, mind to share more about the philip money market fund?

Some information by Ramjade, we can further discuss in eUT thread.

https://forum.lowyat.net/index.php?showtopi...post&p=89986305

eGIA
min 5k 1mth but low rate as 2.5% (eg for this month)
If 2mth or more 3.x% but must complete the selected tenure to gain interest.

Click here to view Investment Account Fund Performance Report (Q2 2018)

Wow, MBB too.much money to invest nowhere and decided that move since Jun 2017?

It used to be good. 4.5% can withdraw and get back money + interest instantly the next day.

Really hope they will return back to good old time. Anyway, I guess they have consider deep deep before decided the previous move.

For the smallest placement amount of RM 1000, the longest e-GIA tenure is 14 months.

Since the feature of daily withdrawal without forfeiting profit was removed on August 2017, many of us here placed RM 1000 e-GIA with 14-month tenure around July 2017.

Sadly, these e-GIA will mature around September 2018. Once these e-GIA placements are renewed around September 2018, the feature of daily withdrawal without forfeiting profit for these renewed placements is removed.

Judging in terms of almost equivalent liquidity and interest rate, I have to move the funds from matured e-GIA, to Phillip Master Money Market Fund. Sigh, there is no other option.

Actually, there is another option. It is Phillip Master Islamic Cash Fund (PMICF). It works almost the same as PMMMF but it invests in Shariah-compliant instruments. The unit price is fixed at RM1.00 though instead of RM0.50 for PMMMF.

How's the difference in return between the Islamic and PMMMF?

Same return, as stated in the fact sheets.

Phillip Master Islamic Cash Fund Fact Sheet
https://www.eunittrust.com.my/pdf/Factsheet...06082018_fs.pdf
Monthly Distribution Record for July 2018: 3.69% p.a

Phillip Master Money Market Fund Fact Sheet
https://www.eunittrust.com.my/pdf/Factsheet...00082018_fs.pdf
Monthly Distribution Record for July 2018: 3.69% p.a


So, I guess that we are still putting our faith in Phillip Master Money Market Fund, since this fund has longer track record.

This post has been edited by kart: Sep 1 2018, 10:35 AM