OCBC 360 Savings Account - Up to 3.25% Interest !, Get higher interest on your savings acct
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 Aug 18 2018, 11:22 PM
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#1
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Junior Member
35 posts Joined: Jan 2017 
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can you advise how do i put money into phillip money market fund? what is the returns?
i am from Singapore so not familar with this is it money market fund from POEMS (Philips securities)? thanks QUOTE(Ramjade @ Aug 13 2018, 04:55 PM) Still cannot beat Phillip money market fund and do not even need to keep so much with them to enjoy such rate.  |
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Aug 18 2018, 11:35 PM
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#2
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Junior Member
35 posts Joined: Jan 2017
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Yes I am from Singapore but hold quite bit of ringgit at M'sian Bank so i am trying to find the best place to keep my ringgit for short term returns
u mention philip money market fund is better than OCBC booster accounts. how do i place money with philip money market fund? and what is their returns? thanks QUOTE(Ramjade @ Aug 18 2018, 11:29 PM) If you are from SG, best place to keep money is Citibank maxi gain. Condition is don't withdraw money and you will be able to reach the max level (very easy to achieve if you don't withdraw money). This post has been edited by verbatin: Aug 18 2018, 11:37 PMThis Phillip money market fund is for people who want to keep short term RM. POEMS in SG is only good for buying UT. Nothing more. Other stuff is practically useless. |
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Aug 19 2018, 12:31 AM
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#3
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Junior Member
35 posts Joined: Jan 2017
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thanks for the reply. Appreciate it. will check out money market fund - MMF is indeed a good place to keep it there for short term as i am not keen to keep all my rinngit in FD. i prefer to keep some in cash so that i can use it to buy stocks when market is down
my late dad left for us some ringgit in a the bank and some share listed at Bursa so i do receive dividend from these stock. that explains why i have ringgit so to say, i didnt purposely keep my money in ringgit  QUOTE(Ramjade @ Aug 18 2018, 11:53 PM) Forget about keeping money in Malaysia. Keep your money in SG as SG govt is making their currency gradually appreciate against all currencies. This post has been edited by verbatin: Aug 19 2018, 12:50 AMOf course is better. Higher rates at 3.69%p.a vs ocbc of 3.25%p.a without any charges. Too sweeten the deal no need to maintain RM30k unlike ocbc. So even RM1k in Phillip market fund will earn you 3.69%p.a unlike RM1k in ocbc booster which only earn you 0.25% as the amount is below RM30k. How to place? Open an account with themhttps://www.eunittrust.com.my What's the return? 3.69% p.a as mentioned on their page (scroll down) and on their fund fact sheet. Rates will change I think on a monthly basis depending on the underlying FD they invest in. More info can be found at https://forum.lowyat.net/topic/4268975 Keep in mind don't withdraw fully as they might charge you RM50 (I have never been charged despite withdrawing fully multiple times) |
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Aug 19 2018, 11:26 AM
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#4
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Junior Member
35 posts Joined: Jan 2017
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i think foreigner cant buy this amanah Saham? that day, i ask about Islamic FD and were told this is not available for foreigner
QUOTE(Ramjade @ Aug 19 2018, 05:44 AM) It's RM5 not RM50. Sorry typo. The other good parking place is amanah saham fixed price fund. Min 6%p.a. Function exactly like a FD but you can withdraw anytime (working hiurs) at banks or their branch. |
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