1 yr 7 mths for maybank to reinstate the 5% rebate   

Anyone tried the above steps already?
I tried withdraw but the interest rate is much lower than expected.....   

Yes, partial withdrawal is allowed. Based on first scenario 1, RM 5k + RM 2k (from second placement - partial withdrawal).

I did mine on 20th Sept's 9.54 p.m. and received email by C.O.B. on 21st Sept, transactions all reflected accordingly on that day.

I have already done that and nothing is left behind in RHB.

Interest is still calculated on daily.

In a month, interest on your each placement is calculated from the day you buy the unit to 1st of the following month. For sale of unit, you minus the interest from the day of your selling date (always refer/ check back to the transaction date on PMMMF*) to the 1st of the following month. Even though you have withdraw everything today, you still earn the interest you get for your earlier placement until end of the month (because they also deduct you interest for sale of unit from the day you sell the unit until end of the month).

*I have encountered selling of units after 6:00pm and the transaction date was considered as the following date.

this is more like the "advance charging/cycle forward" billing model 

i guess can be illustrated below...

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.

i guess so. but only for 1mth tenure @ min RM5k placement. still good though for rate 3.20% p.a.

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 

   

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 ! 

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

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

rm5k min placement @ 1mth tenure is not a new requirements, as far as i can remember.

all these while eGIA/eFD has min RM5k/placement for 1mth tenure.