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Money market fund
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SUSxander83
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Mar 23 2021, 08:36 AM
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QUOTE(ironman16 @ Mar 23 2021, 07:58 AM) And later the super creative ppl will use it as free ATM/ money lenders machine 🤑🤑🤑 Super creative won’t do that way because too small and not attractive Unless 0.50 to every rm10 then it will be a go Too many stupid apps around Malaysia to game the system but with SC and BNM risk averse approval not that easy
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akping_1
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Mar 23 2021, 10:58 AM
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QUOTE(ironman16 @ Mar 23 2021, 07:50 AM) 🤣 But at this moment only go in TnG and cimb only. if it can use balance in TnG for investment, i think lot of ppl will benefit it using CC reload and earn CB + extra interest, it will become very attractive ïnvestment plan
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CSW1990
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Mar 23 2021, 11:02 AM
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QUOTE(akping_1 @ Mar 23 2021, 10:58 AM) if it can use balance in TnG for investment, i think lot of ppl will benefit it using CC reload and earn CB + extra interest, it will become very attractive ïnvestment plan Some might get earn from the extra interest Some might misused and CC snowball become bigger
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ironman16
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Mar 23 2021, 11:10 AM
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QUOTE(akping_1 @ Mar 23 2021, 10:58 AM) if it can use balance in TnG for investment, i think lot of ppl will benefit it using CC reload and earn CB + extra interest, it will become very attractive ïnvestment plan This is the method that I said creative ppl will do. I think later the credit card will disqualified TnG as ewallet for the cash back, just like sarawak pay 😂😂😂 Tak sabar2 wanna try bcoz i got 20 just park in TnG that I get from affin hwang. Though wanna use on burger, better I park in this MMF 😂😂 This post has been edited by ironman16: Mar 23 2021, 11:12 AM
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!@#$%^
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Mar 23 2021, 01:25 PM
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easiest way only withdraw to ewallet
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ironman16
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Mar 23 2021, 01:30 PM
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QUOTE(!@#$%^ @ Mar 23 2021, 01:25 PM) easiest way only withdraw to ewallet T+1 to bank account
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ericlaiys
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Mar 23 2021, 02:00 PM
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TNG app showed 6 more days, it will be available!!
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SUSxander83
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Mar 24 2021, 03:11 AM
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QUOTE(ironman16 @ Mar 23 2021, 01:30 PM) Better with same day or instant withdrawal
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ironman16
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Mar 24 2021, 05:42 AM
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QUOTE(xander83 @ Mar 24 2021, 03:11 AM) Better with same day or instant withdrawal  If to ewallet is same day
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SUSxander83
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Mar 24 2021, 06:45 AM
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QUOTE(ironman16 @ Mar 24 2021, 05:42 AM) If to ewallet is same day Deposit sure instant whether withdrawal same day I doubt there because MMF traded on business day while withdrawal window it is only for 4 days Won’t be that fantastic coming from Principal Doubt it will yield 2%pa because TnG cash flow is very bad Plus restriction to withdrawal to bank accounts likely to help as well
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ironman16
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Mar 24 2021, 07:38 AM
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QUOTE(xander83 @ Mar 24 2021, 06:45 AM) Deposit sure instant whether withdrawal same day I doubt there because MMF traded on business day while withdrawal window it is only for 4 days Won’t be that fantastic coming from Principal Doubt it will yield 2%pa because TnG cash flow is very bad Plus restriction to withdrawal to bank accounts likely to help as well I read the the info. T day if withdraw to ewallet b4 cut off time. T +1 day if withdraw to bank. 😁
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rexus
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Mar 24 2021, 07:50 AM
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Deposit 5k in Versa on 2/3, as of today lifetime gains RM5.30
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cybpsych
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Mar 24 2021, 09:18 AM
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Source: online
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Hoshiyuu
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Mar 24 2021, 09:23 AM
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The king of cashback has graced us with his presence
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Ramjade
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Mar 24 2021, 09:48 AM
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QUOTE(cybpsych @ Mar 24 2021, 09:18 AM) Source: online  1.35% is damn low.
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Hoshiyuu
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Mar 24 2021, 09:55 AM
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QUOTE(Ramjade @ Mar 24 2021, 09:48 AM)  🤔 automatic withdrawal to e-wallet balance down to the cent anytime though considering both versa and SA Simple's "real return" now is around ~1.2% anyway, it might still justify dropping them in favor of TnG Go+? This post has been edited by Hoshiyuu: Mar 24 2021, 09:56 AM
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cybpsych
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Mar 24 2021, 09:56 AM
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QUOTE(Ramjade @ Mar 24 2021, 09:48 AM) let's wait for the official announcement on 29 March
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Ramjade
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Mar 24 2021, 10:09 AM
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QUOTE(Hoshiyuu @ Mar 24 2021, 09:55 AM)  🤔 automatic withdrawal to e-wallet balance down to the cent anytime though considering both versa and SA Simple's "real return" now is around ~1.2% anyway, it might still justify dropping them in favor of TnG Go+? Where do you get 1.2% for versa?
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Hoshiyuu
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Mar 24 2021, 10:21 AM
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QUOTE(Ramjade @ Mar 24 2021, 10:09 AM) Where do you get 1.2% for versa? Just napkin math, I've put in ~2k in both Versa and SA Simple on the same day, and withdrawn after 1 month, and removing overnight interest due to delay in deposit, my returns were roughly 1.2~1.4% p.a. , not to mention the sentiment I've seen is that it'll drop further. (Monthly gain were in the ballpark of RM2.3~2.5) This post has been edited by Hoshiyuu: Mar 24 2021, 10:22 AM
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Ramjade
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Mar 24 2021, 10:34 AM
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QUOTE(Hoshiyuu @ Mar 24 2021, 10:21 AM) Just napkin math, I've put in ~2k in both Versa and SA Simple on the same day, and withdrawn after 1 month, and removing overnight interest due to delay in deposit, my returns were roughly 1.2~1.4% p.a. , not to mention the sentiment I've seen is that it'll drop further. (Monthly gain were in the ballpark of RM2.3~2.5) Alright. I thiugh was still in 2.x% range.
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