Thanks. So if I left it mature monthly I'll get RM5,183.00 according to the link you gave

That's only earning RM0.27 more after 1 year if I uplift daily. No need to waste time la

It's not meant as long term parking place. But short term parking place.

anyone going for the gia-i step up campaign? 10k minimum, effective rate 4.10% per annum

first, not sure still have quota or not

second, need 10k and 12 months, no money plus too long :lol

FD forum a lot of people discussing that

EDIT: Come to think about it, should the eGIA-i promo rate be discuss on FD forum or here?

This post has been edited by AIYH: Nov 9 2016, 08:13 AM

gia-i should discuss here! not at FD threads! dont they know the difference?? #rantover.

yea, i satisfy both of your problems too. no money and too long and no insured. kinda risky for my liking.

this is good if u have money sit in ur bank account for a short term and wanna gain interest
very useful for me because i have fund available for 1 or 2 weeks in a month

risk is not a problem, but given it is not protected, fixed income do provide better returns then GIA for now (unless they raise OPR until fixed income return dont look attractive, then thats another story )

Do you think is worth to forgo the PIDM protection for SA and board FD in favor for GIA profit?

Not sure what will others think about this, may be can use this point to spread this product to your peers

Unless there is another party who can offer similar feature and better rates (besides ASx FP)

what is ur opinion about the risk involve?
i am confident with maybank and i think the risk is really small to none

everyone has a diff risk profile. low, medium, high. if you are ok with it then go for it.

some of us just feel it's too much risk for that extra few bucks compared to FD. compromise some of us come up with is put in two months, let it run. then next round reconsider our options.

as ramjade sifu said, short term, not long term. benefits are the same whether you put in long or short term. except for that step up campaign of theirs.

i see...so the situation is different
i dun have any other choice...cannot put in fd

my fund only available for 1 or 2 weeks in a month
and i wanna make some money out of it

i never compare gia with fd

thanks all sifu for explaining and giving real feedback like calculations and scenarios... at least you guys are not like some others..karit knowledge and tebal kulit like on some othe sub forum lel...

just wana buka acc and my cimb got credit limit cant top up to maybank

this is how i handle my funds. i put them all in maybank2u savers with 2.xx% per annum with a balance of more than 2.5k. make gia-i for two months.

in your case, still doable. put in gia-i for two weeks, reap the rewards, take it all out and rinse and repeat every month. no penalty for taking it out early if that is what you are worrying.

not sifu la. even my rank is junior member compared to you senior member!

they have their reasons not to share their knowledge. for me, i got no loss or gain telling you all this. in the end, it makes you a better handler of your money and that's great in my opinion. anyway, with your new found knowledge, hopefully you can pass it forward to everyone u know and who needs it.

If promo FD have better rates than GIA and you have the money, by all means go for it

However, just wondering, from my POV, GIA is definitely better than normal SA given they have similar function with multiple fold higher rate.

Although GIA and board FD don't differ by much, GIA still better in slightly higher rates and penalty-less uplift, provide much better flexibility?

My concern is that what is the bottom line for people to prefer SA (PIDM but very low interest) over GIA (no PIDM but higher rate, although risk very very very low)?

dont be surprised some people look at that 'PIDM insured' very heavily. so they have their reasons to always go for PIDM insured stuff so that they know their money is well protected.

reminds me of all those commercials about PIDM on the radio. sometimes wanna throw the shoe at it.

You are using ASX fp to park short term fund?

Same here. If maybank kaput. Malaysia economy also kaput.

Keep in mind that below RM2k you won't get anything from M2savers. Interest for >=RM2k is only 2.15%

Want to, but ASx FP at its current form is still like traditional banking, so I normally top up like 100 to all funds every month (unless their online platform is convincing and convenient enough then will consider to play around my money strategy )

lol mostly troll

and few post here and there where it really matters. good knowledge are meant to be shared. like itu unker from genx gen y gen z. surely why he gets to where he is he believe is good karma from doing all these good stuff. so u guys really my sifu hahahahah..

sure2...why benefit alone right hahaha

im not sure about this if i have not read it or not found.. but can we open like 2-3 gia acc? for example. first one 3k. not gona do anything. 2nd one open put in 1k. 2 weeks later take out pay cc. 3rd one more or less same as 2nd ?