Promo FD rates are inconsistent as it depends on each bank whether they need to shore up capital which is why there disadvantage because the returns are inconsistent couple with locked up period illiquid capital

You better off buying MMF for its liquidity period 4 days in a week coupled with at least 10% higher than OPR anytime

So far Versa has the best in terms of functionality liquidity followed by Simple and Pecef and the worse of the worse of Go+ which load of rubbish when you can get OPR rates from Frank

Pecef it is from Public Mutual but not sure of its liquidity because not many here are using it

It is the latest competitor to Versa but coming from Public Group should not be that fantastic

Rather put in the money by its shares or holding company which gives solid dividend returns

1. Is that. No requirement.
2. You find me a high interest savings account now that can beat MMF returns with say fulfilled 3/4 criteria.

High interest savings account there is conditional interest with spend requirements hence it is still won’t grow your money which total rubbish when the year named it as high interest savings which is misleading

MMF are designed for flexibility and liquidity purposes but with the anything under 2% OPR and as long as they can give returns of 2.1% they will grow for now until when inflation hits back in Malaysia at 3% then BNM will have to hike rates

Even with those so called FD promo are mostly rubbish for 1 year with simple interest of fixed rate while MMF will outperform them at variable rate with compounding unless anything more than 30% higher than OPR at least 3%

You can try 6months and you should a difference

Their interest have always been lower than us. Cannot compare unless out interest rate the same.
Need to wait one year to get 2.85%p.a by topping up every year and cannot withdraw.

High interest savings account need you to spend to get those interest. I am not willing to spend to get the interest.

Instant withdrawal to ewallet is not liquid because ewallet is not actual currency hence it is defeat the purpose of money which supposed to be universal exchange and interchangeable as a currency because it is failed unless actual ewallet cash out function is implemented