Maybank eGIA-i 3.45% p.a., Rojak of SA + FD + MMF
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 Dec 1 2016, 06:35 PM
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#1
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Senior Member
2,380 posts Joined: Mar 2005  
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Just put in a 5 figure deposit under eGia today. Decided as I needed the flexibility of the funds to pay credit card & etc. Usually I'll just park the funds in the isavers account but this looks more promising.
Duration I selected 3 months but I guess it doesn't really matter right since I plan to uplift in 2 weeks to pay for credit card. This post has been edited by kenlui: Dec 2 2016, 03:07 PM |
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Dec 1 2016, 07:15 PM
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#2
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Senior Member
2,380 posts Joined: Mar 2005
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QUOTE(wil-i-am @ Dec 1 2016, 06:40 PM) Yes, your understanding is correct  QUOTE(nexona88 @ Dec 1 2016, 06:53 PM) yup. correct. Thanks for replying. Was bit worried with the PIDM part initially but I guess since it's short term placement doesnt really matter. And besides that, my deposit is nothing compared to those 6 figures amount. Just wondering maybank wont stop this GIA thing as we are like misusing it by uplifting prior to maturation? This post has been edited by kenlui: Dec 2 2016, 03:08 PM |
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Dec 2 2016, 03:07 PM
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#3
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Senior Member
2,380 posts Joined: Mar 2005
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QUOTE(Nom-el @ Dec 2 2016, 12:55 PM) It depends on when you do the upliftment. I see. Thanks for clarifying.Less than 3 months - no profit will be paid Above 3 months - 50% of total profit amount accrued will be paid It is actually a feature of the product, one of its selling points compared to FD. So early upliftment cannot be considered as misusing it. |
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