Bank Islam has a product very similar to Maybank GIA-i called Wafiyah Investment Account. The indicative rates p.a. are: -

1 Month - 3.50%
3 Months - 3.60%
6 Months - 3.70%

More info:
http://www.bankislam.com.my/home/personal-...oducts/wafiyah/


Anyone here with experience on this account?

Its maturity is contracted to either 1, 3 or 6 months. In contrast, Maybank GIA-i is flexible to withdraw anytime online with profits.

In the PDS Key T&C, there is such clause:

"""
Profit payment for premature redemption will apply the actual profit rate or the expected profit
rate prorated based on the actual number of completed days, whichever is lower (if any).
Note: The actual amount paid to the IAH will depend on the market value of the underlying
asset of which the IAH’s investment is linked to at the point of the pre-mature redemption.
Investors are advised to contact the Bank for consultation if they are considering pre-mature
redemption.
"""

So might be similar to GIA, but then is this feature available in their online banking like m2u?

Heyy fam, how's everyone doing ?

Would like to know if I can open this account through online without any need to verify anything physically in the banks ?

And during period of 2 months, can my balance fall below RM1k?

No need. Just need maybank account.

Maybank egia can be withdraw anytime you like. If you do not have the min amount, you cannot put egia. Simple as that.

On the previous page, someone said the profit rate % is disclosed on every 15th, whIch is 2 days away.

So the new and updated % takes place in the morning of 15th? Or 15th is just for announcement ?

New rates will be used on the 15th of every month.

just checked, this month still 3.45%

effective 16th la

today sure old rate.

check tomorrow for new rate, if any changes.

btw guys, what is uplift ?

first post didn't teach

Uplift usually refers to removing FD.

ah I see

so if you uplift it on the 2nd day, you'll still get the profits right? as the rate is calculated on daily basis


Btw just made a 2-month placement, hope it turns out well

uplift on 2nd day, profit is just 1 day lor because 2nd day is not complete until midnight.

rate maintained at 3.45%

Anyone able to uplift today?
Cannot be done? Is the loophole close down my Maybank now???

What loophole are you talking about?

Can no problem. Make a placement yesterday. Uplift it this morning.

I think you musy have make placement this morning then try to lift it today itself. If like that memang cannot la.

Can anyone explain actually why uplift daily? Could gain more?

Of course. Daily uplift and replace will give you higher returns vs uplift and do it once a month. Compounding is working.

Eg. Rm1000
After 1 day, you get RM1000.xx. You remove this RM1000.xx and place this as new placement.
Next day you get RM1000.xx + RM0.yy

Today able to uplift?
I didn't dare to make placement yesterday hearing rumours from a friend. He unable to uplift yesterday night. Called maybank CS and they ask him to email instead.

Yes more by a few cents. Depending on the amount put in.