yes, i use CMF as alternative temporary parking, just the T+2 need plan properly.

Is it hard to manage?

Yes, correct.

Shouldn't be but really need to plan ahead if you need fund. Cannot wait till last minute...

I used ocbc360..use the ocbc cc for insurance payment and can easily hit 4.1%.. somemore I got the flexibility, can withdraw or transfer fund anytime anywhere..

Service/sales charge imposed for this by FSM?

last i check is no. you could double check it again?

I'm not sure. I haven't entered into FSM at the moment.

So this RHB CMF2 Fund works like GIA, in what sense?
GIA means (until end of this month), people can uplift within next day, and get paid interest.
CMF2 also get interest like this?

OCBC CC useless. Better use other card to get better reward.

Tak da.

CMF2 you will see your money increasing on a daily basis. Withdrawal takes 2 days and can only be done on Mon-Fri.

So CMF2 works like FD? Means no flunctuations and constant interest rate?
No sales charge on purchase as well?

How much is the rate btw?

CMF2 invest in FDs (I think board rate FDs).
About 3.4%?

No charges from FSM
The fund house charges up to 0.4% fees and expenses, but the 3.4% indicative return is already net of that expenses.

So far I don't think there's instances where the NAV fell below the NAV from the previous day (means no capital loss) but I don't track it day by day

The main challenge is to plan for withdrawals as you have to put in sell order by 3pm to get the money within 2 working days; and the effective number of days is >2 when it crosses weekends and public holidays. Otherwise it's a pretty good place to keep emergency funds

I saw from the FSM website there is FAQ section for beginner.
IF i go through that, it should be easy to manage?

Planning to move into FSM after eGia gone by this end of month.

Very easy, especially if you are only interested with cash management fund, just don't freak out that the buy transactions take a few days to process

I would strongly encourage you to consider setting aside funds you don't need in immediate terms for some longer term investment in equity or bond funds though. FSM is a great platform to start small

Yeah I know it is useless..but the rm500 insurance payment you won't get much reward from other cc also..which cc reward insurance payment? Max also 1% which is rm5 per month..
But if you have 100k in ocbc 360 , u get extra 0.5%( treat as 4.1-3.6 assume you can get this from cmf) ..that extra 0.5% is 500 per year..rm40 per month.. so you earn extra rm40 lost rm5..somemore you enjoy the flexibility of withdraw ur money anytime..you can instant transfer any time ..

This post has been edited by red_scorpion: Jul 4 2017, 01:38 PM

You can use Maybank 2 card/Pulic Bank Quantum.

Lol..not all insurance company allow online payment..my insurance is Allianz.

Thanks for the advice

Philip Master MMF is more liquid at T+0, 3.49% p.a. for those needing the liquidity.

Update: As expected, pro-rated interest received at the beginning of the following month.

This post has been edited by drew86: Jul 4 2017, 08:26 PM

if i were to put some amount into eGIA with 1 month maturity, and then wait till its mature, will I get 3.45% interest rate?
as someone mentioned that cannot simply terminate the eGIA before it get mature, so wonder what is the rule now?