QUOTE(christ14 @ May 27 2017, 11:25 PM)
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.
Maybank eGIA-i 3.45% p.a., Rojak of SA + FD + MMF
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May 27 2017, 11:33 PM
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All Stars
22,199 posts Joined: Feb 2011 |
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May 27 2017, 11:56 PM
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Junior Member
338 posts Joined: Nov 2014 |
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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May 28 2017, 12:00 AM
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All Stars
22,199 posts Joined: Feb 2011 |
QUOTE(jfleong @ May 27 2017, 11:56 PM) From what I understand, I could be wrong, For what? Come 16/6/2017, interest drop to 3%. So even if you put 60 months also, interest is 6%.(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 Remember, this interest changes every month. |
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May 28 2017, 12:04 AM
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Junior Member
338 posts Joined: Nov 2014 |
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%. 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 AugustRemember, this interest changes every month. This post has been edited by jfleong: May 28 2017, 12:15 AM |
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May 28 2017, 12:10 AM
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All Stars
23,144 posts Joined: Aug 2007 From: Outer Space |
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May 28 2017, 12:16 AM
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Junior Member
338 posts Joined: Nov 2014 |
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May 28 2017, 12:28 AM
Show posts by this member only | IPv6 | Post
#887
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Senior Member
9,616 posts Joined: Dec 2013 |
From 4 to 3.45 to 3 and game over now.
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May 28 2017, 12:37 AM
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All Stars
10,339 posts Joined: Jan 2003 |
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May 28 2017, 12:52 AM
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338 posts Joined: Nov 2014 |
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May 28 2017, 01:16 AM
Show posts by this member only | IPv6 | Post
#890
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Senior Member
9,616 posts Joined: Dec 2013 |
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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May 28 2017, 01:17 AM
Show posts by this member only | IPv6 | Post
#891
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Senior Member
9,616 posts Joined: Dec 2013 |
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 ..... 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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May 28 2017, 01:26 AM
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Junior Member
338 posts Joined: Nov 2014 |
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. You're entitled to 3.55% I thinkFor 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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May 28 2017, 02:06 AM
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Staff
67,994 posts Joined: Sep 2005 From: KUL/BKK |
Just read the news on FB. Looks like back to Maybank Savers account for me for short period?
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May 28 2017, 08:21 AM
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22,199 posts Joined: Feb 2011 |
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May 28 2017, 09:12 AM
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Junior Member
565 posts Joined: Mar 2014 |
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 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 |
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May 28 2017, 09:18 AM
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Junior Member
754 posts Joined: Jul 2008 From: PJ~Damansara Utama |
QUOTE(jfleong @ May 28 2017, 01:26 AM) could not place 1k for 60 months..... it restrict me at 10K 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? |
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May 28 2017, 11:49 AM
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Staff
67,994 posts Joined: Sep 2005 From: KUL/BKK |
QUOTE(Ramjade @ May 28 2017, 08:21 AM) FSM for me then, else back to Maybank eFD. QUOTE(ytan053 @ May 28 2017, 09:12 AM) Is it? That's sad. Gotta inform my friends to withdraw before 1st August. |
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May 28 2017, 01:19 PM
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338 posts Joined: Nov 2014 |
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May 28 2017, 03:24 PM
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565 posts Joined: Mar 2014 |
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May 28 2017, 03:26 PM
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338 posts Joined: Nov 2014 |
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