That's meant the tenure had no meaning..

Between, I tried to modify my GIA-i placement where the dividend is added into principal. But I get the status "Accounts not authorized" after keyed in TAC. Anyone any idea?



This post has been edited by celaw: Jan 29 2017, 07:18 PM

Recently, I treat this GIA as my "Savings" account. whenever there is income in my savings account and when it is more than 1k, i will place the whole amount minus min balance to be left in the savings account, into this GIA. Just uplift whenever i need money, whatever left over if more than 1k, place back into GIA.

Hence the m2u saver seems useless already, moreover, the RM250 min balance is really high as compared to RM1 in Maybank savings account. Maybe will keep this m2u saver account for a while, since i will not hit the RM2k min balance to earn the daily interest.

I already closed down my Savers account because it seems redundant to me. Need to keep RM 250 balance and only RM 2k can generate interest.

Seems like this is the calling.
I was hesitating to cancel it and keep 2k in m2u saver and the rest into eGIA.
Seems like i've made the 'unwise' decision of keeping the savers account.

It seems it has more cons to me now after I moved all my funds to GIA-i. Unless one day GIA-i is no longer available, then I will apply back Savers account.
Once I have at least RM 1k, I will place in GIA-i. No use for this Savers account.

That's true. That's what i thought - we can always reapply back the m2u savers anytime.

I closed my M2Savers a long time ago

This post has been edited by Ramjade: Feb 2 2017, 04:22 PM

Same here, closed my m2savers. I really hope GIA stays on for a long time. Its excellent keeping funds there for a short while , even for a week , if let's say a huge transaction needs to occur in the near future.

I wished other banks will offer stuff like this so that we are not too dependent on Maybank.

? So many of you closed the m2u savers account, what if emergency happens in the midnight or early morning, can't uplift the GIA..wouldn't you be afraid the emergency fund couldn't act in the event of emergency? Or is there any more flexible instrument than GIA?

If I placed GIA on 17 Jan, on 17 Feb, I will get dividend based on new rate or current rate 3.5%?

Guna la credit card. At night go sleep la.

New rate. New rate will always be released on the 15th of the month.

17/1 to 14/2 using old rate

15/2 to 17/2 using new rate

There's still normal savings account, for e.g. Wadiah Savings...
There's CC anyway. I hardly withdraw money for emergency.

Haha, thanks for the reply. Just that I was curious as some mentioned whenever have 1k then will put into GIA, but emergency 1k may not be enough. So looks like CC is the immediate recourse if unable to uplift GIA ..

Seems like very complicated....

the GIA term say 12months is quite redundant isn't it?

as you can choose interest (in GIA case they call it profit) to be credited back into principal.

A valid concern, though. because the nature of most companies/organisations in Malaysia, they can implement changes without considering the clients.
What if... maybank decided to enforce the term, and the customers are stuck with money that they couldn't uplift.

It is still fine if can still uplift but kena penalty. but if at all cannot?

what term are you referring to?

The upliftment is just likfe efd, efd also operate from 6am to 10pm, no difference

All FD can be remove. Just forfeit the interest. Worse come to worse forfeit the interest and don't put in eGIA-i anymore. Put in CMF lo. That one guaranteed can withdraw but need 2 days.