Why I put 2 month tenure, then at 10th day I make full uplifting but there no interest granted?

I thought interest is prorated?

u didnt read the PDS properly

Only work with 1-month.

gia rate fall. just updated now 1.75% monthly
low 2.55% for 2 months onward

OHH!!! When I put in my 2-month tenure, the quoted interest rate is 2.80%, but after that the lower the rate to 2.55%. so how is my interest calculated upon maturity? Not sure if can view the amount in M2U (the principal + interest amount received)

2.55% is correct. just multiply your deposit value with interest percent divide 12 month.
you will get this interest per month.

https://www.maybank2u.com.my/maybank2u/mala...h_ia_rates.page?

mayban possible chg after 15th

means the rate is not commiited at the time of depositing.. looks like it can change mid-way.

Just to confirm,

The rate change will affect to all customers already bought this or new customers? Means the old customer bought before the rate changed will still enjoy the old rate or will change the rate based on the announce effective rate?

Does the effective rate is guaranteed or just an illustration?

I just try to place gia but it says "service unavailable"?

what do you mean not covered by principal? meaning the principal could go bust?

Yes, if you scare your principal go bust.

Yes, in an unlikely event that Maybank go burst

anyone else having problem to do uplift today?

try Classic M2U

Any suggestions of alternative with better rate?
I'm using for 1 month, pro rated interest.

can try Versa

Versa by far with every alternates days payout

Otherwise there’s a few MMF around but liquidity slow by 3 days

Feel so sad seeing the rate back in its glory days

Thanks guys, any link or lyn thread to check it out?

it's in this sub-forum

https://forum.lowyat.net/topic/5129545