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> SSPN Saving rate, PTPTN

rapple
post Jan 16 2019, 10:43 AM

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QUOTE(lyc1982 @ Jan 16 2019, 10:38 AM)
but would you still get the interest ?
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Didn't really check on how they calculate.

Yes I do receive interest
lyc1982
post Jan 16 2019, 10:45 AM

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QUOTE(rapple @ Jan 16 2019, 10:43 AM)
Didn't really check on how they calculate.

Yes I do receive interest
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so you withdraw all in jan 2017...deposited all back in dec 2017 and still get interest for 2017 ?
alesi616
post Jan 16 2019, 10:49 AM

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I believe the interest will be very minimal, the idea of deposit+withdraw mainly for tax relief purpose and taking the money to invest in somewhere that gives much higher return.

I deposited 6k on dec2017 and withdrawal on Jun2018 (wasted few months parking money there), I got interest of rm20.
MUM
post Jan 16 2019, 10:49 AM

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QUOTE(lyc1982 @ Jan 16 2019, 10:45 AM)
so you withdraw all in jan 2017...deposited all back in dec 2017 and still get interest for 2017 ?
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while waiting for his responses....
I think theoretically if you deposited in Dec 2017.....then you should just get abt 1 month of interest...
lyc1982
post Jan 16 2019, 10:51 AM

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QUOTE(alesi616 @ Jan 16 2019, 10:49 AM)
I believe the interest will be very minimal, the idea of deposit+withdraw mainly for tax relief purpose and taking the money to invest in somewhere that gives much higher return.

I deposited 6k on dec2017 and withdrawal on Jun2018 (wasted few months parking money there), I got interest of rm20.
*
yea..i have the same thinking

but just wanna confirm my theory

QUOTE(MUM @ Jan 16 2019, 10:49 AM)
while waiting for his responses....
I think theoretically if you deposited in Dec 2017.....then you should just get abt 1 month of interest...
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yea around that i guess...
rapple
post Jan 16 2019, 10:52 AM

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QUOTE(lyc1982 @ Jan 16 2019, 10:45 AM)
so you withdraw all in jan 2017...deposited all back in dec 2017 and still get interest for 2017 ?
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Yes but don't expect a full year of interest.
LostAndFound
post Jan 16 2019, 11:13 AM

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QUOTE(alesi616 @ Jan 16 2019, 10:49 AM)
I believe the interest will be very minimal, the idea of deposit+withdraw mainly for tax relief purpose and taking the money to invest in somewhere that gives much higher return.

I deposited 6k on dec2017 and withdrawal on Jun2018 (wasted few months parking money there), I got interest of rm20.
*
Interest for full year is normally about 4%. Which is better than standard FDs, but of course if you have other investments those would be preferable.

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