LINK: Click here.

can deposit online??

This post has been edited by herc: Mar 3 2014, 02:04 PM

i missed boat for Mach FD promo, so looking for short term alternative lo..

like our M'sia First Lady, i start saving since I were born! LOL

mind elaborate more? my CCs are earning more than my FD monthly

Of course I knew that.

FD only hold up my 12 months emergency fund, the rest were diversified anyway.

Those spending are necessary, and my CCs didn't earn a penny from me so far.

I just wanna find out what's the so called surcharge or tax gonna be.

Wanna ask about PIDM here ...

Checked their website and their calculation illustration does not clear my doubt.

For example:

Me have FD 250k in Affin, PIDM 100% protected.
Me have FD 250k & Saving 50k in RHB, PIDM 100% protected because of different institute from Affin and different account type.

Correct?

Found this ..

Q4: What is the deposit insurance limit?
A: Your eligible deposits are protected up to RM250,000 per depositor per member bank. The RM250,000 limit includes both the principal amount of a deposit and the interest/return.

For my understanding:
Affin FD 250k Saving 50k = 50k not protected
RHB FD 250k
Maybank FD 200k Saving 50k

Total deposit 800k, PIDM protect 750k?

Source: PIDM FAQs

As I read further, only 3 types of other account enjoy separate protection. They are Joint Accounts, Trust Accounts and Accounts held by sole proprietorships, partnerships, professional practices and companies.

Means FD, Conventional CASA or Islamic saving etc under same name shall categorized as one. Unless stated otherwise.

This post has been edited by herc: Mar 19 2014, 05:02 PM

-wrong post, removed-

This post has been edited by herc: Mar 20 2014, 04:25 PM