sacrifice RM500+ to earn RM2k+ not worth?

Moving that amount of money, the earned amount is less than 1%. A short term deposit promo may be enough to more than cover that.

If its just 'spend RM500 to get RM2k' then fine. But this is 'move 250k of your liquidity for about a month', which is fine if you have that much free liquidity - but arguably you should then be focusing on reducing liquidity in order to generate better returns.

amount earned less than 1% is bad?
No bro.. that is too simplistic thinking

you cant say RM2k/250k less than 1% is bad.
You must know the time period to earn that
you think your RM250k need sleep there 1 year??

for me 20 days enough
may be even shorter
so return is 14.6% pa
not your calculator less than 1%

liquidity with good return baru lah syiok.
RM250k in FD 20 days can earn how much?

If you keep THAT much cash on hand, you're losing out on returns from investment.

Which is fine if that 250k is like 10% of your networth. I think those of us counting income tax deduction ourselves won't be that wealthy kot. No disrespect intended if you're HNWI yourself. But if 250k is like half or more of your networth, keeping it in short-term liquidity options so that you have it available for these 20 days seems suboptimal. Especially when the alternative is to clear out SSPN amount for one year (sacrifice that 2+k) so that in future years you can claim the same 2k+ benefit for 4digit spend rather than 6 digit.

This post has been edited by LostAndFound: Jul 2 2024, 09:55 AM

liquidity i keep much more than that ..
250k not enough cant even buy 1 foreign bond

i wont let the money sleep lah bro..
so losing out is out
U know KDI and rize ?
They beat FD also.
deposit 1 min dapat 1 day interest.
Very useful for people who regularly receive big amount of money late at night.

For me less than 1%, but that is not the issue.
even if half my networth, i will also do it becos the maths is clear.

Let go RM500 dapat balik rm2000 takkan tak mahu.

hi, may I know what is the withdraw limit if decided to close the sppn account?

now I saw is RM1k per day per account

close account, of course withdraw full lor

visit ptptn branch to close acct

Anyone with issue status code 502 when logging in?

myptptn app - failed to login

Today PTPTN website and App down since morning

all statement must be from ptptn website kan. no other way

This post has been edited by cybpsych: Jul 13 2024, 10:11 PM

Shopee can't find ptptn anyone can find it?

Refer post above you. It's currently under maintenance, should be back very soon.

Maintenance is over since yesterday 10pm
Shopee decided to remove ptptn option
Don't think is coming back

What makes u think so?

You check check your app in shopee then you will understand

can monitor for a few days, else its really gone

I guess it is coming to an end after so many years

You hunting at 10pm doesn't mean 收皮 staffs working to restore PTPTN at 10pm. You have to wait for them to return to work, at their free time only restore. They're not going to do it first thing in the morning.