Is just like efd, you place them as multiple certificates and uplift them individually as you like

The major difference is the upliftment penalty:

eFD will penalize you for early upliftment (no interest or half interest)

GIA will give you profit according to the number of days you placed in the event you uplift less than a month

This post has been edited by AIYH: Nov 9 2016, 09:20 AM

ramjade should have done it before. i think it should be ok?

got it

heil ramjade

Yup possible. I held 7 placement in eGIA-i before. Then another time I make placement then uplift the next day (multiple times)

lucky 7

heil ramjade indeed

^ here's my strategy in using eGIA, previously shared here

you should know how much of your fixed monthly expenditure (car/house loan, bills, give parents, etc) and payment due dates, right? so, timed your placement and uplift accordingly.

thank you kind sifu

yes i know when and when to pay all the bills. thats why i want to maximise hahah.. thanks for sharing

Finally, a dedicated thread for GIA-i. Already 4 pages after only 2 days. Well done, AIYH. Thanks for sharing my blog article as well.

One thing about GIA-i, you won't only risk losing your capital if Maybank goes bankrupt. It can happen too if the investment is losing money. The risk is very low though as the money is invested by Maybank in providing loans to its customers. It has not happened before so far, just to want to highlight it here to clarify any doubt. As for risk level, I would say the risk is lower than money market funds and bond funds but higher than FD / CASA (even those without PIDM protection from institutions like Bank Rakyat, MBSB etc. because the principal & interest are guaranteed by those institutions, only not insured by PIDM).

I think it is important to calculate the profit / interest to ensure we are getting the rate we assume we are getting. That way, we will know if the rate dropped or if we lost any capital. If you see the amount you get is less than initial amount, then & only then, you should start to worry if Maybank is really in trouble. Then, can decide if want to continue with it or not. But, so far, so good.

I think parking 5 figures in gia is okay la. (considered low risk & "safe")
I believe many taikor over here parking even 6-7 figures...

If you're "so free", you can "try to up lift" to check your interest everyday lolzz

This post has been edited by heavensea: Nov 9 2016, 09:02 PM

boss, i don't see the instruction to add to principal.
Am i missing something?

Before pressing confirm, select 'back', you should see credit to principal

The trick still valid.
I taught maybank web team would have fix this ! Clearly i was wrong hahaha

Good job TS for this thread

I try this "add to principal" trick the profit rate is not been displayed in the cert? instead it read "rate as declared on maturity date".

Don't worry. It's always like that. They cannot say how much they will give you.

Just look at interest and the date.

you did this on previous promo? i am on 12 months so was kind of worry.

No I don't do eGIA-i promo. But people who did that so far got the rates mentioned.

if u credit to principal, somehow they cant calculate the rate. so do some manual calculations and u get the rate.

thanks, I know the rate. the worry is if they will honour the rates as the beauty of 12 months is that the better rates only kicks in at 2nd half of the tenure.

This post has been edited by bearbear: Nov 11 2016, 08:51 AM

if u really follow their T and C, it's up to them to change the rate. what they advertise might not be what you will get . however, the best condition is you will get what they promote. all you can do is wait it out and hope for the best.

It is not necessarily true that the GIA account is less risky than money market funds. There are some money market funds that invests only in short term deposits and FDs, and these funds should be less risky than GIA. I have invested some funds in GIA too but I dont like how opaque their investment mandate it so am just keeping some funds in for a higher rate of return.