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

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vincabby
post Dec 30 2016, 02:47 PM

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QUOTE(1tanmee @ Dec 30 2016, 02:47 PM)
For clarity sake, the 'credit' is the interest earned, right?
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credit in this context means put in but yeah, you can go with that.
vincabby
post Dec 31 2016, 12:40 PM

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QUOTE(cklimm @ Dec 31 2016, 09:47 AM)
Based on the amount of questions asked, I assume it will be an 8 figures placement.  brows.gif
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eight figure means he rather walk in to any bank, take off his glasses, talk to the counter smoothly and get 4.1% easy peasy. no need this insecure investment la.
vincabby
post Jan 3 2017, 10:30 PM

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QUOTE(1tanmee @ Jan 3 2017, 10:20 PM)
For uplift, is it immediately credited to the principal account?
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yes. with interest gain
vincabby
post Jan 18 2017, 10:09 AM

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QUOTE(Ramjade @ Jan 16 2017, 10:41 AM)
Sifu, any other alternative to Maybank eGIA-i other than CMF?  confused.gif  notworthy.gif
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hl 4.0% fd. 10k minimum. have to do online.
vincabby
post Jan 25 2017, 01:01 PM

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QUOTE(suadrif @ Jan 25 2017, 12:17 PM)
bro, when u mentioned "flexibility", is GIA account offering the same flexibility as saving account?

I m thinking to park my temporary cash fund inside for one month and then withdraw for my loan installment.
is it OK ah?
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if for that, then yes. it's flexible enough. if you say emergency need to withdraw cash, then no, not as flexible as savings. as long as you got time to uplift and put in account, egia-i is good for you to park.
vincabby
post Jan 25 2017, 01:52 PM

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QUOTE(suadrif @ Jan 25 2017, 01:41 PM)
why is not suitable for emergency usage?
do u mean emergency is like instantaneously "ATM withdrawal" or within 24 hours (IBG transfer period) or within a month?
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the first one. wat i mean emergency is wallet no money and need cash.
vincabby
post Mar 6 2017, 09:25 AM

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QUOTE(zenquix @ Mar 6 2017, 09:01 AM)
new to this. based on what i read, there's no point doing anything more than 1month (>=RM5k) or 2months (>=RM1k) as the interest rate is same regardless of tenure?
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yes
vincabby
post Mar 16 2017, 04:36 PM

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QUOTE(kovin @ Mar 16 2017, 02:08 PM)
soon eGIA will be a gone case
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wat insider source you have? i wan to take out my money if it's 'gone case' as u say.
vincabby
post May 29 2017, 10:11 AM

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so no flexibility, lower interest rates than before, no PIDM, more restrictions and you want me to keep it there? no thanks. i'm out. thanks while it lasted.
vincabby
post Jul 3 2017, 10:13 AM

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QUOTE(strategist @ Jul 3 2017, 09:45 AM)
I see everyone mentioning FSM CMF as the next best substitute for eGIA.

Just to be on the safe side, it is Fundsupermart Cash Manager Fund right? don't want to put my money on the wrong thing sweat.gif
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cash management fund 2 under rhb. you won't go wrong because that's the default place they park their money in before going into equities or bonds.
vincabby
post Jul 4 2017, 08:44 AM

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QUOTE(frontierzone @ Jul 4 2017, 08:42 AM)
Service/sales charge imposed for this by FSM?
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last i check is no. you could double check it again?
vincabby
post Aug 2 2017, 08:40 AM

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thanks for serving us well when it lasted. let's see how this mass moving would affect their balance sheets. prob not much to be honest
vincabby
post Aug 2 2017, 11:52 AM

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QUOTE(mot88 @ Aug 2 2017, 11:16 AM)
eGIA is working like normal FD wef 1 August 2017. The working mechanism is as below link. Example, 12 months tenor is placed on 1 August 2017 but premature withdrawal on 1 September 2017, no profit will be paid.The same for 15 September and so on till the 3rd month.

Maybank notification on eGIA
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the exact thing that made them special just make them common now. what makes this stand out compared with other eFD though?
vincabby
post Aug 2 2017, 03:10 PM

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QUOTE(memorylane @ Aug 2 2017, 02:59 PM)
is it means from now on, if i put 60months 3.55% and withdraw it prematurely 6 weeks later, the profit will credited monthly (4 weeks later), so i will lost 2 weeks profit? or i will lost all 6 weeks profit?
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after six weeks u put in and you withdraw, u have no interest.

50% interest if you withdraw after 3 months from date of placement.
0% interest if less than three months.
vincabby
post Aug 2 2017, 05:09 PM

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QUOTE(memorylane @ Aug 2 2017, 05:06 PM)
but GIA already credit monthly profit to saving account after 4 weeks. How they gonna debit back the monthly profit? they gonna deduct our principle when premature withdraw?
http://www.maybank2u.com.my/mbb_info/m2u/p...al/ACC-Accounts

Features & Benefits

Placement tenure : 1 - 60 months
Profit calculated on daily basis Potentially earn higher returns. Profit gained from the investment will be shared between both parties (Customer & Bank) accordingly based on agreed profit sharing ratio (PSR). The profit will be paid on monthly basis and it is NOT subject to tenor or number of withdrawal
Payment of profit is on monthly basis
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are you saying before august deposit? i think i get what you mean now. you put in credit to account every month. that part i am not sure but it sounds like a loophole right now.
vincabby
post Aug 29 2017, 12:11 PM

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QUOTE(ktek @ Aug 29 2017, 10:35 AM)
im late to find out new rule. putted as usual so wait until date
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not insured, not really higher interest compared to FD, how long did you put into it?

i feel like taking all out ASAP is the way to go.
vincabby
post Aug 29 2017, 01:10 PM

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QUOTE(ktek @ Aug 29 2017, 12:49 PM)
if u suggest that, i withdraw all lo
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how long is it in there? if it's already in there for a while, might as well let it mature only take out. no point losing half of your interest gain.
vincabby
post Sep 21 2017, 02:55 PM

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QUOTE(cklimm @ Sep 21 2017, 01:53 PM)
over the counter right?
vincabby
post Oct 17 2017, 10:14 AM

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that's year to year. how about month to month? and they should have known this before they implement watever they are doing now.
vincabby
post Oct 17 2017, 10:32 AM

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QUOTE(akping_1 @ Oct 17 2017, 10:22 AM)
with refer to the graph it did show the fund size compare for may 2017 n june 2017
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it did. but thought numbers would be more significant.

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