Maybank m2u savers 2.1% pa, 2 gud 2 b true 4 savings acc?
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 May 30 2014, 02:19 PM
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#1
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Senior Member
1,774 posts Joined: Nov 2007 From: Planet Earth  
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Noob question.
The monthly return of lets say rm10000 @ 2.1% annually is just almost nothing, should be use on else where for better return? Without more initial fund, should I even bother at all? |
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May 30 2014, 03:44 PM
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#2
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Senior Member
1,774 posts Joined: Nov 2007 From: Planet Earth
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QUOTE(MilesAndMore @ May 30 2014, 03:10 PM) A Venti-sized Starbucks Frappuccino is nothing ?? So I put aside 10k for free frappuccino each month? |
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May 30 2014, 04:47 PM
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#3
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Senior Member
1,774 posts Joined: Nov 2007 From: Planet Earth
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QUOTE(Nidz @ May 30 2014, 04:30 PM) Well, this savings account is not for investment. If you have spare money that is laying around with nothing better to do, then at least you should've put it in the FD. You'll get 3% p.a. Thanks for explaining that.If you are a Bumi, then put it in ASB. Get 8% p.a. If you are feeling lucky, can go to casino. But if you really wanna invest, then study up the stock market. That is where rich people make their money, aside from business and real estate. Anyway, I personally just use this savings account to keep my cash for daily expenses. Any extra money will straight go into my stock market portfolio. Yes, 2.1% annually is just almost nothing. But it is definitely more than 0.5% annually which I get from normal saving account. It does makes a different, but just a small one. |
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