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

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Ramjade
post Feb 26 2017, 06:47 PM

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What difference does it make since eGIA-i cannot be withdraw from 10pm-6am.

If you deposit on 9.59pm , you can withdraw it on 6.01am. No problem.

This post has been edited by Ramjade: Feb 26 2017, 10:48 PM
Ramjade
post Mar 1 2017, 07:37 PM

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No questionnaire for me for yesterday placement.
Ramjade
post Mar 4 2017, 02:32 PM

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QUOTE(silverwave @ Mar 4 2017, 02:28 PM)
Hi, profit payment mode only has the option to credit to account? Not able to add to principal like eFD?
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Default mode is credit to account. To get add to principal, before clicking confirm, click back, add to principal option will then be available. Lol
Ramjade
post Mar 4 2017, 02:55 PM

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QUOTE(silverwave @ Mar 4 2017, 02:41 PM)
Lol dude, you were right! Confirmed there's some bug. Usually EGIA does not allow or this is a new thing?  biggrin.gif
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It's how we have been doing it for so long. Alternatively, you can modify after palcement but need to request TAC sweat.gif doh.gif
Ramjade
post Mar 6 2017, 10:28 AM

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QUOTE(stng @ Mar 6 2017, 10:25 AM)
So if i deposit 5k for example then how long i need park there before i can uplift ? is it ok after 5 , 10 or 15 ?
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You can remove it the next day. smile.gif
Ramjade
post Mar 7 2017, 02:53 PM

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QUOTE(chinti @ Mar 7 2017, 02:39 PM)
hey guys, im very new to all these stuff and looking for a flexible place to park my saving instead of my regular saving account tht doesnt giv me any interest.
got a few questions to ask regarding this.

1. i have to open an account with maybank first then only i can open this eGIA account?
2. im a bit confused on the calculation. lets say i put in 5k, how much will i gain at the end of the month?
3. can i put in 5k and keep adding money into it every month or do i need to uplift and start again with the new amount?
4. can i put 5k today and withdraw everything tomorrow?
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1. Yes. No maybank account, no eGIA-i for you.
2. Assuming you put on 1/3, RM5k will get you RM14.86 (RM5k x 0.035 x (31/365) )
3. Need to uplift and add new money. However you can put new placement at RM1k if you don't want to uplift and replace rclxms.gif
4. Yes. Can.

QUOTE(chinti @ Mar 7 2017, 02:49 PM)
ok so in order to apply for maybank eGIA, i first need to go open a maybank saving account first. i read eGIA requires me to do it over the counter, can i open both saving and eGIA together?
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See answer above. eGIA-i can be done online. No need to visit counter.
Ramjade
post Mar 8 2017, 11:37 AM

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QUOTE(stng @ Mar 8 2017, 10:54 AM)
I try to deposit 5k at 6 March with the option of add to principal and i check back on
8 March it just showing my principal , So. means when i uplift then only i can see
the amount of my interest ?
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If you withdraw before that date, you will get rhe interest. If you hold until then, then it will automatically add to the prinicpal.
Ramjade
post Mar 8 2017, 08:08 PM

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QUOTE(stng @ Mar 8 2017, 08:04 PM)
When i try to uplift , closing amount RM5,000.96 ? 0.96 is the interest ?

Product type:  General Investment Account-i (GIA-i)
Account number:  252031210657
Cert reference no.:  00000001E
Term:  1 month
Maturity date:  06 Apr 2017
Current balance:  RM5,000.00
Name: 
Closing amount:  RM5,000.96
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Remove your name. Yes. Rm0.96 is the interest so far.

This post has been edited by MilesAndMore: Mar 8 2017, 08:26 PM
Ramjade
post Mar 9 2017, 10:17 AM

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QUOTE(chinti @ Mar 9 2017, 09:48 AM)
is the maximum amount i can put 5k only?

edit: oh minimum 5k is 1month duration means i can put more than 5k
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Read first page. All info on first page.
Ramjade
post Mar 9 2017, 07:15 PM

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QUOTE(jwrx @ Mar 9 2017, 06:47 PM)
i have been using GIA since last year, and found it so useful that the bulk of my spare cash is now in it. 

just wondering...since its not PIDM protected and not principle protected, wonder what is the actual risk of losing our cash invested in here. 

cos im kinda in a 'all eggs in 1 basket' situation with GIA
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It's maybank we are talking about. If this happen, then the country is in big trouble.
Ramjade
post Mar 10 2017, 09:37 AM

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QUOTE(galaxynote259 @ Mar 10 2017, 09:27 AM)
Can try Hong Leong FD, their efd rate is competitive
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But no bank offer instant withdrawal with interest. devil.gif

This post has been edited by Ramjade: Mar 10 2017, 09:37 AM
Ramjade
post Mar 16 2017, 09:56 AM

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QUOTE(cybpsych @ Mar 16 2017, 09:54 AM)
this month's rate drop to 3.45%
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WTH bangwall.gif ranting.gif sad.gif

This post has been edited by Ramjade: Mar 16 2017, 09:57 AM
Ramjade
post Mar 16 2017, 10:56 AM

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QUOTE(WhitE LighteR @ Mar 16 2017, 10:55 AM)
the maybank gia page not yet updated. how did u know of the new rate?
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Maybank app.
Ramjade
post Mar 16 2017, 02:08 PM

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QUOTE(kovin @ Mar 16 2017, 02:08 PM)
soon eGIA will be a gone case
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eGIA gone case there's still CMF whistling.gif
Ramjade
post Mar 16 2017, 02:10 PM

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QUOTE(WhitE LighteR @ Mar 16 2017, 02:09 PM)
not everyone has FSM account.
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Application can be open via online. Well that's the next best choice.
Ramjade
post Mar 16 2017, 02:16 PM

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QUOTE(kovin @ Mar 16 2017, 02:13 PM)
CMF = CASH MANAGEMENT FUND?
do you mind explain abit?
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See here
https://www.fundsupermart.com.my/main/fundi...Fund-2-MYOSKCMF

Basically it invests into FDs. eGIA used to be 0.2% higher than it. Now it's 0.15%. It's not as liquid as eGIA as you need to wait 2 working days to withdrawl. But you can put and withdraw money anytime without penalty unlike normal FD
Ramjade
post Mar 16 2017, 04:37 PM

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QUOTE(vincabby @ Mar 16 2017, 04:36 PM)
wat insider source you have? i wan to take out my money if it's 'gone case' as u say.
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He meant interest keep dropping which makes eGIA not attractive anymore.
Ramjade
post Mar 16 2017, 08:43 PM

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China increase interest rate. Will malaysia follow? If yes eGIA-i rates will go up? hmm.gif
Ramjade
post Mar 16 2017, 10:38 PM

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QUOTE(red_scorpion @ Mar 16 2017, 10:36 PM)
But the cash mgmt fund is not guarantee, it depends on the daily price announced which calculated based on their fund performance minus annual mgmt charges 0.4%..

So today 3.43% annual return is not guarantee for the next 1 year 3.43% annual return.
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eGIA-i also not guaranteed la doh.gif So far CMF is stable. Higher than any 1-3 months FD. I still use eGIA but I use CMF to pay for some fund.
Ramjade
post Mar 18 2017, 12:21 PM

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QUOTE(galaxynote259 @ Mar 18 2017, 12:10 PM)
can i know more about CMF? FSM is fundsupermart?
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What do you want to know about CMF? It invest in FDs. Money is not as liquid as eGIA as you need to wait 2 days to get your money back into your bank account. Current rate is about 3.3x%p.a

Yes, FSM is Fundsupermart. Before the arrival of eGIA, some people I know park their money in CMF via FSM.

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