no issue with new m2u

you can view the rate after placement.

follow this >> https://www.maybank2u.com.my/maybank2u/mala..._account_i.page?

ignore the PSR ratio. it's just FYI because they need to "declare" how they share profit with you.

you only get the effective rate % as "investor"

if i place certain amount for 2 month, then after few days i changed to 1 month

what will happen ? will i get the int for the past first few days?

you cannot do that for an existing placement.

for new placement, yes, but also subject to the min amount for 1mth tenure (vs 2mth tenure)

for a 2mth tenure, you wont get any interest for premature withdrawal.

This post has been edited by cybpsych: Aug 18 2019, 08:34 AM

eGia FD down is it today? Can't uplift today.

What's the rate now? plan to go for multiple 1k placements for two-month tenure

https://www.maybank2u.com.my/maybank2u/mala..._account_i.page

oh dear a lot less than years ago! anyway thx

Pardon my poor math. so at 3.05%, for 1k placement, 1 month is equal?
3.05%/12×1000=RM2.54?

if placed today @ 24 Oct, full tenure 2 months = RM5.10 profit

thank for conformation!

for 'auto renewal' placements, is the rate fixed at the time of purchase, or will depend on the rate at the date of renewal?

Date of renewal, otherwise those put in promotional rate should be laughing 😋

aaahh cheh true also! i set it to auto renewal because i thought can lock rate *smack face*

doesnt matter on renewal.

the rate is revised every month on the 16th. existing placement will be adjusted accordingly as well.

this one if invest minimum 50k only makes sense la

rate don't matter if 1k or 50k kan?

eh wait? so if i subscribe at 3.05% on 23rd Oct, the rate will also be revised on 16th Nov? i thought the rate is commited for the whole tenure period (in my case, is 2 months), i.e. until 23rd Dec

but you get so little might as well you loan to friends and charge them 1 ringgit a day

gia is not fd

the profit is calculated every day

What is the rate for GIA now?

Before i place, the link for me to view the rate stated 1 month is 3.2% p.a.

After i place, the rate show 2.25% p.a.

Feel like being cheated!

I know now 1 month can withdraw with daily interest, but i didn't know the rate can be so misleading.

Anyone place 1 month, and withdraw is it 2.25% p.a.?

If yes, i will uplift tomorrow.

Is my mistake, initially want to place eFD, the rate for 1 month is 2.9% p.a, click in GIA see is 3.2%p.a, so give a try...