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

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Ramjade
post May 27 2017, 11:33 PM

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QUOTE(christ14 @ May 27 2017, 11:25 PM)
Wtf did i miss?? Fsm cmf???

Damn..internet at sea so slow
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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.
jfleong
post May 27 2017, 11:56 PM

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From what I understand, I could be wrong,
(i) The revised rates will commence on 15th June 2017 for all accounts, placed before or after this date
(ii) The upliftment flexibility rule will only apply to placements made on or after the 1st of August 2017 - placements placed before that day but matures after that day will not be affected until renewal

So the strategy is to
Uplift all your money and make placements in batches of 2k, for 60 months to earn 3.55% (indicative) and if you withdraw before maturity, you will receive full interest
Ramjade
post May 28 2017, 12:00 AM

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QUOTE(jfleong @ May 27 2017, 11:56 PM)
From what I understand, I could be wrong,
(i) The revised rates will commence on 15th June 2017 for all accounts, placed before or after this date
(ii) The upliftment flexibility rule will only apply to placements made on or after the 1st of August 2017 - placements placed before that day but matures after that day will not be affected until renewal

So the strategy is to
Uplift all your money and make placements in batches of 2k, for 60 months to earn 3.55% (indicative) and if you withdraw before maturity, you will receive full interest
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For what? Come 16/6/2017, interest drop to 3%. So even if you put 60 months also, interest is 6%.

Remember, this interest changes every month.
jfleong
post May 28 2017, 12:04 AM

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QUOTE(Ramjade @ May 28 2017, 12:00 AM)
For what? Come 16/6/2017, interest drop to 3%. So even if you put 60 months also, interest is 6%.

Remember, this interest changes every month.
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If you set the placement to be 60 months, the rate will be 3.55% , but you can still withdraw anytime and receive full interest because the placement was made before the 1st of August

This post has been edited by jfleong: May 28 2017, 12:15 AM
AskarPerang
post May 28 2017, 12:10 AM

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QUOTE(jfleong @ May 28 2017, 12:04 AM)
If you set the placement to be 60 months, the rate will be 3.55% , but you can still withdraw anytime and receive fill interest because the placement was made before the 1st of August
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Nice possible loophole. So from 16/06 till 01/08 can get 3.55% pa rate.
jfleong
post May 28 2017, 12:16 AM

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QUOTE(AskarPerang @ May 28 2017, 12:10 AM)
Nice possible loophole. So from 16/06 till 01/08 can get 3.55% pa rate.
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You can receive 3.55% until you withdraw,not only until 1st August, because the new rules don't apply to placements made before the 1st of August
heavensea
post May 28 2017, 12:28 AM

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From 4 to 3.45 to 3 and game over now.
WhitE LighteR
post May 28 2017, 12:37 AM

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QUOTE(jfleong @ May 28 2017, 12:04 AM)
If you set the placement to be 60 months, the rate will be 3.55% , but you can still withdraw anytime and receive full interest because the placement was made before the 1st of August
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Not bad idea..
jfleong
post May 28 2017, 12:52 AM

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QUOTE(WhitE LighteR @ May 28 2017, 12:37 AM)
Not bad idea..
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Shit shouldn't have said this out loud man, later /ktards all go abuse this and Maybank revoke this .....
heavensea
post May 28 2017, 01:16 AM

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I got an idea about using the 60months loophole of gia to do "many batches" of "standby money that park in gia.

For instance, I got 10k
I put in gia 1k for 10 times, and each placing=60months

And withdraw it whenever I need money while entitled of gia 3% interest? Does it work?


heavensea
post May 28 2017, 01:17 AM

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QUOTE(jfleong @ May 28 2017, 12:52 AM)
Shit shouldn't have said this out loud man, later /ktards all go abuse this and Maybank revoke this .....
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I got an idea about using the 60months loophole of gia to do "many batches" of "standby money that park in gia.

For instance, I got 10k
I put in gia 1k for 10 times, and each placing=60months

And withdraw it whenever I need money while entitled of gia 3% interest? Does it work?
jfleong
post May 28 2017, 01:26 AM

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QUOTE(heavensea @ May 28 2017, 01:17 AM)
I got an idea about using the 60months loophole of gia to do "many batches" of "standby money that park in gia.

For instance, I got 10k
I put in gia 1k for 10 times, and each placing=60months

And withdraw it whenever I need money while entitled of gia 3% interest? Does it work?
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You're entitled to 3.55% I think
fruitie
post May 28 2017, 02:06 AM

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Just read the news on FB. Looks like back to Maybank Savers account for me for short period? unsure.gif
Ramjade
post May 28 2017, 08:21 AM

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QUOTE(fruitie @ May 28 2017, 02:06 AM)
Just read the news on FB. Looks like back to Maybank Savers account for me for short period? unsure.gif
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No need M2Savers. I already listed down 3 alternatives.
ytan053
post May 28 2017, 09:12 AM

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QUOTE(jfleong @ May 28 2017, 12:16 AM)
You can receive 3.55% until you withdraw,not only until 1st August,  because the new rules don't apply to placements made before the 1st of August
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From 1aug, it incl rollover gia too, nt only new placement. So better to withdraw b4 1 Aug.

This post has been edited by ytan053: May 28 2017, 09:13 AM
MiKE7LIM
post May 28 2017, 09:18 AM

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QUOTE(jfleong @ May 28 2017, 01:26 AM)
You're entitled to 3.55% I think
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could not place 1k for 60 months..... it restrict me at 10K confused.gif



however, i saw this promo

General Investment Account-i (GIA-i) Campaign

With minimum placement of RM10,000 for Individual and RM 25,000 for SME/BB in a single receipt, earn higher indicative effective profit rates of 3.93% p.a for GIA-i 9 months campaign. What's more? Get your dividends paid monthly with Maybank Islamic General Investment Account-i.


worth it?
fruitie
post May 28 2017, 11:49 AM

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QUOTE(Ramjade @ May 28 2017, 08:21 AM)
No need M2Savers. I already listed down 3 alternatives.
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FSM for me then, else back to Maybank eFD. hmm.gif

QUOTE(ytan053 @ May 28 2017, 09:12 AM)
From 1aug, it incl rollover gia too, nt only new placement. So better to withdraw b4 1 Aug.
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Is it? That's sad. Gotta inform my friends to withdraw before 1st August.
jfleong
post May 28 2017, 01:19 PM

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QUOTE(ytan053 @ May 28 2017, 09:12 AM)
From 1aug, it incl rollover gia too, nt only new placement. So better to withdraw b4 1 Aug.
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rollover means renewal right?
ytan053
post May 28 2017, 03:24 PM

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QUOTE(jfleong @ May 28 2017, 01:19 PM)
rollover means renewal right?
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Ya, in my opinion.
jfleong
post May 28 2017, 03:26 PM

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QUOTE(ytan053 @ May 28 2017, 03:24 PM)
Ya, in my opinion.
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I have sent them an email to seek clarification. WIll keep you guys updated

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