My Truetransact is RM0. Transfered everything into Truesavers. Will only transfer back to Truetransact when I need it.

I just checked, Ambank Truesavers is still 2.8%

https://ringgitplus.com/en/savings-account/...rs-Account.html
http://www.truebyambank.com/trueproducts/Pages/index.aspx

Why?

For that OCBC, if you don't fulfilled that condition, you won't get 4%. Why would you want to charge RM500 to a OCBC CC with no benefits at all? I better go for HL Wise CC and pay off using M2U or AMbank.

No charged. 3-4 months already at RM0. Because the TrueTransact account is a virtual account. Customer service and bank worker told me OK to keep at zero.

Nope. Never have the need to do so. My principle is always withdraw from the same bank atm to prevent additional charges (I do not let banks earn extra free money from me) . What I do is transfer the money when I need it to CIMB/maybank bank and then withdraw from CIMB/maybank atm. No charges.

You should not have done that. Should have go to the bank and apply. Some people experienced difficulty opening account online. Oh well, What's done is done.

Difficulty is might be rejected. You still need to go and fingerprint when you collect the card. Extra work. Better go to branch and settle one shot

You can do that? I thought they won't let you withdraw until RM0 via online? all banks?

That's why always open account with the bank near your house/office/shopping place you always go.

Still cannot beat Truesavers. Give me a call when something new in town can beat Truesavers rates. I will make the switch.

If you do not withdraw the money, then put Ambank Islamic efd 1 month as you need only min rm1k for 1 month.

Every month, upon maturity uplift the FD, put again the same eFD with the interest earned + previous rm1.3k + new rm1.3k.

Do that until you have min rm5k. Then switch to Maybank Islamic efd to earn 3.25% (Ambank Islamic efd only 3.15%).

After getting rm10k, head over to FD thread and put your rm10k with all the interest earned into highest interest FD promo (FD promo requires generally rm10k)

If you need to withdraw the rm1.3k, go for Ambank truesavers.

Cimb need rm5k for their 1 month eFD.

From what I know bsn also let you put FD for 1 month with rm1k

That's true. But is something I don't recommend as you are not getting paid. Like me, I plan carefully. Money which I know won't be used will be put into Ambank Islamic efd. For money which I know I might use, I use Ambank truesavers. That way even though I don't earn, 3.15%, I still earn 2.8%. I do jot give banks free money.

If you know you are not going to withdraw better go with 3 months promo FD if you have rm10k. If don't have, allocate some for normal efd, the amount of money you will use fire that month into truesavers

Unlimited free IBGs with truetransect provided you have money inside truetransect.

You will get truetransect FOC when you apply for truesavers.

I am a guy who will never give free money to banks. Of course I planned every step to maximise returns from the bank.

Nope not yet. Still student so loan free for now. The only loan I am going to take is house loan. That one also maybe 5 years from now.

Personal loan, car loan doesn't interest me. I might be using my mother's car or public transport in the future. I have even calculated which credit card to use to earn extra money + have my own way how to avoid AF for the CC I intend to use (not about spending the min required amount for it to be waived - that's a very stupid way)

But that's OT.

Nope not yet. Still student so loan free for now. The only loan I am going to take is house loan. That one also maybe 5 years from now.

Personal loan, car loan doesn't interest me. I might be using my mother's car or public transport in the future. I have even calculated which credit card to use to earn extra money + have my own way how to avoid AF for the CC I intend to use (not about spending the min required amount for it to be waived - that's a very stupid way)

But that's OT.

If the rm3k cannot withdraw, better go with efd and earn 3.15%

Nope. Most bank 1 month eFD required min rm5k. Banks like Ambank, Bsn let you put eFD 1 month with minimum of 1k. For Ambank, it earn you 3.15%

Can no problem. Wadiah savings account need to pay RM8.48/year. You can opt out of it and ask for FOC account but that will limit you to 4x/month ATM withdrawal a month.

Basic savings account for RHB and CIMB are 0.45% - rubbish rates

If not, which account would be the best for a student...
Depend on what you want.
a) high interest with limited withdrawal/online transfer a month?
- Ambank True Savers, FOC (no yearly fees), 2.8% p.a interest, Free unlimited IBG (truetransect - which is open together with truesavers), 3x ATM/IBG/month (for truesavers)

b) unlimited atm withdrawals
- Any bank but you will need to pay minimum RM8.48/year

c) easy to find atm
- Maybank
- Cimb
- BSN

d) public uni, rural area
- BSN

Hope this help.

This post has been edited by Ramjade: Feb 23 2016, 05:10 PM

Actually it's dropping. Banks easily come out with 4.5% last year. This year, all drop.

So still sure about interest increasing?