I've been using eGIA a bit since ppl started talking about its advantages. Back then the difference between eGIA and FSM CMF is about 0.2%; it's been on downtrend lately. At the moment CMF is earning 3.374%, if eGIA continues to fall then perhaps CMF would be higher jor

True, for those 20 days deposit while waiting for credit card due date I'd continue to use eGIA, at least earn me a free chap fan or starbucks

It's a bit naive to think there would be a bank run that could hurt the bank immediately for something like this

Actually Maybank's announcement ahead of time serves a few purposes
- Good transparency and disclosure - no one can condemn they just change policy overnight even if they have the legal right to do so
- budget and plan their cashflow accordingly. Do you think they would make such announcement if they need this money desperately? Just like FD promos, they have promos because they need the funds. When they don't need, they don't do promo lor.
- So they already anticipate a mass withdrawal; but the policy made it still attractive to depositors to make placements prior to 1 August and only take out when the cashflow need arise. So really, I don't foresee a big bank run until or unless another bank introduce a similar product with the same accessibility. Maybank2U after all is a very superior and popular product within msia consumer banking segment, not many banks can compete in that sense

There's some very good strategists in Maybank I must say

No charges from FSM
The fund house charges up to 0.4% fees and expenses, but the 3.4% indicative return is already net of that expenses.

So far I don't think there's instances where the NAV fell below the NAV from the previous day (means no capital loss) but I don't track it day by day

The main challenge is to plan for withdrawals as you have to put in sell order by 3pm to get the money within 2 working days; and the effective number of days is >2 when it crosses weekends and public holidays. Otherwise it's a pretty good place to keep emergency funds

Very easy, especially if you are only interested with cash management fund, just don't freak out that the buy transactions take a few days to process

I would strongly encourage you to consider setting aside funds you don't need in immediate terms for some longer term investment in equity or bond funds though. FSM is a great platform to start small