Fresh Fund = Cash or Cheque from other banks

Good plan One can use his/her retired parent EPF account for this.. the concern is full withdrawal. imagine withdraw 1mil from EPF

The only downside I see is the fund withdrawal options are pretty limited ie you either make lump sum withdrawal or once a month partial withdrawal.
And not as liquid as FD as it may take days to receive the money.

I am not worried about the issue cannot make full withdrawal from EPF when reach age limit.

If the government does not allow full withdrawal when reach age limit (55 years old or 60 years old), who will
put money in EPF?


I think the same way

No, the 20% of fund has to park in saving account for 9 months, cannot withdraw until 9 months later, just like 9 month FD.

FD: 80% of fund at 4.2% p.a. for 9 months
Saving account: 20% of fund at 2.25% p.a. for 9 months
Effective rate: approximately 3.81% p.a.

But I would put in KFH at 3.88% as my 1st option.

Also have Sukuk fund available soon. Anyone know normally how long does it take for the fund to be back to our saving account (from the bank that we buy it from) ? The date is June 20th or 21st, right ?

We should expect the funds either 21/22 June... Latest should be 30 June 2013 + final interest

This post has been edited by ronnie: Jun 20 2013, 04:14 PM

What is sukuk? Bond?

Sukuk 1Malaysia 2010 started May 2010 to June 2013 .... you are 3 years late

I don't see fresh fund needed
http://www.kfh.com.my/kfhmb/v2/contentView...contentId=14088
btw, banker cheque increase to RM5 for CIMB
http://www.cimbbank.com.my/important_notices/bank/

CIMB must be out of their minds.

Enjoy 5% profits per annum with the BNM Sukuk 1Malaysia 2010, available at commercial banks,
Islamic banks, Bank Kerjasama Rakyat Malaysia Berhad, Bank Simpanan National and Agrobank.

Subscription period: 20th May till 13th June 2010
Eligibility: Malaysian citizens aged 21 years and above

- Susuk will have a maturity of 3 years
- Based on Shariah principles
- Minimum subscription of RM1,000 and maximum of RM50,000
- Issuance date: 21st June 2010
- Resaleable before maturity date

Link:
http://www.offerstation.com/offers-promoti...laysia-2010.htm


I missed this opportunity

Anymore good deal like this recently..?

Oh...This is a very convenient method and can save a lot of time.

Is this online account under i-Rakyat Internet Banking tab on Bank Rakyat website like below?
https://www.irakyat.com.my/retail/security/commonLogin.jsp

I need to go to Bank Rakyat branch to register for a user name and password, right?

How do you transfer the fund from Bank Rakyat to other banks with Bank Rakyat online account?
Any fees to transfer fund?

But I do not know how good is Bank Rakyat security system on their online banking..?
How long have you been using Bank Rakyat internet banking?

Thank you so much for the useful info

Was it a good thing to get even if it matures only in 3 years? Just wondering.

Yes, i-Rakyat is the internet banking of BR.
I applied when opening my FD and SA.
Was using for the past 6 month.
I use the IBG feature to transfer the monthly interest out to other bank.
IBG fee was 50 sen initially, BR offer free IBG in May and then 10 sen from June.
Yes, it is very convenient to check acct balance and transfer fund via internet.

Can we open HLB Junior FD at different branch from the home branch of the HLB Junior Savings ?

To get the online banking, you start by getting the bank card from BR. Then use the ATM machine to request for internet password. More detail info can ask BR.

Other questions of yours have been replied by tbheng.

So far did not encounter problem in transferring funds out from BR. Except their website was down or slow at times.

not sure but the 5% is really alot. I put in half year then took out oredi.

@pinksapphire
Who cares ? hehehe, KFH don't required fresh fund, i just confirmed. i will use IBG transfer which can transfer 50 time

Not just CIMB, Affin bank increased to RM 5 too, i got a shock when I found out but no choice had to do it.

Maybank has been charging RM5 for a while....