I faster park my funds into 6 mths first. The new tnc will only take effect later on so those fd placed now still counted ma. So place long term first, if need to use only uplift
Maybank eGIA-i 3.45% p.a., Rojak of SA + FD + MMF
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 May 27 2017, 02:13 PM
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#1
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Senior Member
1,367 posts Joined: Jan 2006 From: Kuala Lumpur   
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May 27 2017, 03:37 PM
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#2
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Senior Member
1,367 posts Joined: Jan 2006 From: Kuala Lumpur
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QUOTE(Ramjade @ May 27 2017, 03:15 PM) 3% interest also want? hahaha this 1 extra cashflow.. keep some incase need buy stuff or anything ma   |
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May 29 2017, 06:06 PM
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#3
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if put 60 months, no prob, but do note that when you place GIA, interest is shown as per following:
Profit rate: Rate as declared on maturity date so even if put 60 months, next month we alrdy get 3% since the new rate will be effective 16th june... damn  |
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May 29 2017, 11:19 PM
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#4
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1,367 posts Joined: Jan 2006 From: Kuala Lumpur
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QUOTE(kart @ May 29 2017, 10:53 PM) MIA-revised_FAQ.pdf, Clause 3: if there are no changes to their system then yes you are right.. however any placement above 12 months must be 10k and above 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?   |
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May 30 2017, 10:03 PM
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#5
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QUOTE(kart @ May 30 2017, 09:33 PM) Thanks for the confirmation. 2 mths to 12 mths. Anythin above 12 mths must be 10k and above...So, what is the maximum tenure for RM 1000 placement? The only thing im not sure now is that if we place 60 mths now, we uplift later on, does the system recognize the new procedures or old 1 (forfeit or no).... cause they mentioned rollover, not sure if monthly interest crediting is considered as rollover |
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Mar 14 2018, 11:43 AM
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#6
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QUOTE(syaaron @ Mar 14 2018, 11:17 AM) Just tried placement yesterday around 4pm, principal 1k. Uplifted 10.30am today, no interest credited. Did you even read the earlier posts or maybank’s website? Egia no longer gives daily interest upon upliftmenr. Must complete min 1 mth tenureJust to check, is it only eligible if uplifted today 4pm as well for my case? Thanks in advance |
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