Investment Redemption and Suspension
8.1 The IAH may redeem the investment at maturity where the IAH may receive the principal investment
amount together with his/her profit payment (if any) arising from the investment activities undertaken by
the Bank.
8.2 The IAH may reinvest the available principal investment amount together with the profit from this
investment for such further tenure with the expected profit rate as may be determined by the Bank.
8.3 The IAH may receive a sum of less than their initial investment if he/she redeems all of the investment
before its maturity. The IAH shall receive the actual amount depending on the market value of the
underlying/allocated assets which the investment is linked to at the point of redemption less any charges
payable, arising from the premature redemption.
8.4 No partial redemption of the investment before its maturity is allowed by the Bank.
8.5 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).
8.6 Notwithstanding clause 8.5, 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.
8.7 Notwithstanding the foregoing or anything contained herein, the Bank shall have the right to suspend
any redemption of Wafiyah under any of the following circumstances:-
(a) market wide failure or financial/economic crisis which includes but not limited to stock market crash
or asset-price crash;
Appendix 3
4
(b) exceptional operational failure such as wide-scaled black-out or system failure;
© underlying/allocated assets shall not be capable of being liquidated at appropriate price;
(d) the IAH‟s interest will be at jeopardy if redemption is not suspended; or
(e) any other event or circumstances which the Bank may at its reasonable discretion determine.

WARNING:
THE RETURNS ON THIS INVESTMENT ACCOUNT DEPENDS ON THE PERFORMANCE
OF THE ALLOCATED ASSETS. THE PRINCIPAL AND RETURNS ARE NOT
GUARANTEED AND INVESTMENT ACCOUNT HOLDER RISKS EARNING NO
RETURNS AT ALL OR LOSING PART OR THE ENTIRE PRINCIPAL SUM INVESTED. THIS
INVESTMENT ACCOUNT IS NOT INSURED BY PERBADANAN INSURANS DEPOSIT
MALAYSIA.

I think should be before 1st of August..as new rules apply start 1st Aug

Not sure if my thoughts are correct.

Withdraw before 16th to get current 3.45%.
After that make a new placement and wait until 1st August to withdraw and get 3%.

Am i on the same page?

seems to be no penalty on pre-mature withdrawal and pro-rated profit

[attachmentid=8855651]

Sigh..

Noted, then I will withdraw on June 16th. Gotta read more for FSM.

I'll pull out my money all together by 1st Aug.

Even at 3%, I still like the flexibility. RM 50,000 the different for that 0.45% works out to be less than RM 30 for the 1.5 months. I'll still go for the flexibility till then. After that, most probably CMF.

You are welcome. I have also been making 3 split payments to the same credit card account to get the bonus interest as well. Now need to find other ways to get the bonus interest. IBG payment to other banks' CC or loan account is considered bill payment. Not sure if IBG to other banks' CASA is considered as bill payment or not. Is IBFT included as well?

Can consider Bank Islam's Wafiyah Investment Account. The rates are even higher. I shared it here before: -

This is indeed like Maybank GIA. Can we do everything online though ?

MIA-revised_FAQ.pdf, Clause 3:
The above profit waiver (interest forfeited due to premature withdrawal) will only be applicable upon rollover and/or upon new placements of GIA-i after 1st August 2017.

So, that means that the last date to place eGIA while retaining daily interest during premature withdrawal is 31st July 2017.
Scenario 1
31st July 2017: Place RM 1000 eGIA, with 2-month tenure.
6th August 2017: Uplift the RM 1000 eGIA.
Interest Gained:  RM 1000 x 0.03 x 6 / 365 = RM 0.49. Correct?
MIA-revised_PDSTermFund.pdf, Page 2:
Profit Distribution Frequency - Monthly.
We need to prevent our eGIA being renewed or rolled over, because automatic renewal of eGIA will remove the ability of retaining daily interest during premature withdrawal. That is why as many suggest, we need to choose the maximum tenure, namely 60-month tenure.
Scenario 2
1st July 2017: Place RM 1000 eGIA, with 60-month tenure.
1st August 2017: Interest Gained:  RM 1000 x 0.0355 x 31 / 365 = RM 3.02. (Monthly Profit Distribution)
1st September 2017: Interest Gained:  RM 1000 x 0.0355 x 31 / 365 = RM 3.02. (Monthly Profit Distribution)
7th September 2017: Uplift the RM 1000 eGIA. Interest Gained:  RM 1000 x 0.0355 x 6 / 365 = RM 0.58.
Total Interest Gained = RM 3.02 + RM 3.02 + RM 0.58 = RM 6.62. Correct?

Is my calculation for both scenarios correct? 

Can withdraw anytime?

From the T&C we can and we won't forfeit any interest. But not sure if this can be done online.

if there are no changes to their system then yes you are right.. however any placement above 12 months must be 10k and above

Thanks for the confirmation.

So, what is the maximum tenure for RM 1000 placement?

Thanks for the confirmation.

So, what is the maximum tenure for RM 1000 placement?