No not RHB Bonus Savers.
Reason:
1) Interest too low at 2.65%
2) Ned to deposit RM500/month for 12 full months without withdrawing to lock in 2.65%

So no more 3.45%??

Still got until 15/6/2017. Come 16/6/2017, interest will be reduced to 3%. Come 1/8/2017, there's no more flexibility with eGIA-i. It's essentially an islamic FD without PIDM.

Similar like normal fd and no pidm, why do maybank think this egia-i still worth to exist? We should protest by pull out from egia-i in mass come 16 June .

Can also consider bank islam. I forgot the product name but someone did mention it here few days ago.

Edit: it's wafiyah investment account. Post 761 https://forum.lowyat.net/index.php?showtopi...post&p=84876700

This post has been edited by screwedpeep: May 27 2017, 04:54 AM

I already planning to do that.

From what I read, it is not flexible.

Yea there's really no point. I don't see why they wana take the effort to revise it. FD is much more attractive. Even 1 month FD is better.

Normally this kind of promo is to jack up this cash for CET1 requirement.
Once met, they'll roll back to board rates.
Easiest way to banks for cash calls instead of rights issue and etc.

This post has been edited by David83: May 27 2017, 08:37 AM

Clause no.8 in TnC did mention pro rated prematured uplift http://www.bankislam.com.my/home/assets/up...h_ENG-FINAL.pdf

But its not a promo. It's a downgrade of.. Everything! I only foresee mass withdrawal of cash from GIA-i customers on 16 June

i would still put for 1mth or 2mth tenure placement, due to convenience specifically.

this revision just killed the flexibility on withdrawal

rate still good at 3.00% indicate rate, for small-ish amount below RM10k. even mbb's conventional efd rate is not that high either.

i'm lazy to jump to other banks with traditional FD promo.

This post has been edited by cybpsych: May 27 2017, 09:13 AM

Which 1 month FD do you refer to? The rate of Maybank 1-month eFD is 2.95%.

Yea better in the sense that 0.5% for PIDM protection.

I'm looking at premier/priority banking soon to see if they have better alternatives to this GIA-i. Any recommendations?

Downgrade means they don't want cash anymore. That's why they downgrade.
You still can't grasp the purpose of having such promo at the first place.

Such a waste they aren't having this feature anymore. Loved the flexibility .

Well sorry for my lack of knowledge and thanks for the clarification then.

It's not promo. If it's promo, why would they keep decreasing interest rate from 4%+ last time?

Good will see how maybank handle this. Mass withdrawal is not good for bank.

Got. There's one particular stuff from maybank which cost min RM50k. Not very liquid. Almost same like CMF.

BTW, now all bank priority banking need to keep min RM300k-RM350k with them. No more RM200-250k.
Thank you to our RM.

I think either they are not making money or making a loss. Hence they pull the flexibility feature away. too many people abuse the system.

This post has been edited by Ramjade: May 27 2017, 10:28 AM

Let's not argue further on the cash call which deviates from the main topic.

Thanks to some selfish people who uplift and deposit daily/every few days which probably cause MBB to pull the plug on this.

Saw this coming for quite some time. Now it's everyone's lost

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