i try to check what is the latest Phillip Money market Fund interest rate, but found latest rate 2.7% for Mac 2020

Anyone knows where to check the rate for Apr or May 2020 ? Is it still around 2.5% or already below 2%?

thanks.
looking for avenues to dump my MBSB FD money,
heartache now 3% at BR

Hi GrumpyNooby,

i remember you used to show us latest Phillip Master Money Market monthly return,
any idea what is the latest rate now and where to get them? Thanks




Borrow money to invest...........

Thanks Ramjade,

money for short term parking only.
Stashaway is good for that? liquidity like PMMF?
Is opening account easy? Return pa ?%

I checked out StashAway thread, opened Account,i used desktop website.
dumped RM50k ,max from Jompay,
payout monthly, calculated daily not bad

T+3D, means on Thursday 25.2.21 i can see my deposit online?

I noticed StashAway used Citibank, so for faster time to receive the withdrawal money which bank (other than Citibank)
is better, any one?

(My experience with eUT PMMF, Maybank is the best, consistently received money by 5.00pm same day)



Versa payout weekly and Liquidity T+1 is better than StashAway, return same?

Now gonna check out Versa.

Thanks for the info, so Versa is like SA return 2.4% with better liquidity and daily interest

where can i read about Versa in here, cant find the dedicated thread.

I find it safer to use link provided in here rather than search in google .

Money market sure get alot more attention now FD so low

Thanks, already opened account with Versa on mobile Apps, Versa not accessible via Website?

Unlike Stashaway, Versa cannot make deposit straight away, must wait so many days!

Besides deposit Versa via FPX, can we deposit via JOMPAy like we can do for Stashaway?

Versa should follow SA accept Jompay to widen the nett for money

Useful info even though not exactly related to what i ranted .

Useful fact -say you deposit RM$$$ on the same day for both SA and Versa, your deposit will be reflected on SA few days earlier than Versa.

However actual investment takes about the same number of days for both SA or Versa.
Use example do FPX RM1000 each to SA and Versa on Monday 22.2.21, and then withdraw same day 2 months later, assuming return for Versa and SA same rate, both profit from SA and Versa would be about the same, correct?



earlier I was saying SA very easy and convenient -open account, instantly account approved, and SA instantly can accept your deposits , FPX or Jompay.

Versa on the other hand, wont allow you to make deposit straight away, need many extra steps , submit IC, do selfie, asking for OTP and must wait for them to review, take few days it warned.

Any idea why Stashaway is like cincai cincai can open account, no need submit IC no need selfie, no need wait for approval
?SA no tight security, very eager to get people open account?
whereas Versa rather strict checking front and back before allow us to open account??

so StashAway Simple is better? reported as 2.4% pa.

in that case SA better, while waiting for Versa to verify my newly opened account, i dumped more and more to SA.


huge amount means? 500k or 1 M?

my newly opened Stashaway already pumped in JOMPAY 360k so far like that can get queried?
probably more tomorrow as Versa rate not so good , need to be scared meh?

bro you are wrong, not 3%. is 3.5% 1st RM50k

Versa is not 100% everyone can get 4%
even though Versa CS would tell everyone can get 4%

It is based on First come first serve basis
and till the campaign budget run out then you will get 2.5% only

some more the interest calculation is convoluted , bonus in cash lar, pay out in Trust fund units etc,
and not come in all at 1 go.

and worse pay u end of the month only, by the time you kena 2.5% only you know
too late to move out







This post has been edited by guy3288: Nov 9 2022, 10:48 PM