Fixed Deposit Rates in Malaysia V5
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 Jan 1 2014, 02:09 PM
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#1
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Senior Member
597 posts Joined: May 2006  
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hi sifu,
is it better to split savings say 50k to 20k/10k each and setup fd across multiple bank or put everything in a single pot? and is efd safe nowadays for 50k in a single fd account? currently using maybank efd and its really convenient. Thanks! This post has been edited by anangryorc: Jan 1 2014, 02:43 PM |
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Jan 2 2014, 05:44 PM
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#2
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Senior Member
597 posts Joined: May 2006
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QUOTE(lookie @ Jan 2 2014, 03:45 PM) do we have to declare interest earned on FD (or for that matter, other types of investments like unit trusts, wealth management products etc) to IRD and are we subjected to pay income tax on this? IIRC earnings from FD are exempted from taxation. I think one can declare in efiling form, but the is no extra taxation on FD earnings. |
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