It still puzzle me after all this years on why opt for mmf. Nowadays sspn withdrawal is without rules and fast. Can anyone please enlighten me as to the reasons.

It does not take days to reflect if you use fpx, instant . As for interest calc i dont think its much of an issue. If we are singaporean or the rest of the world without sspn deposit facilities then i can understand. Whatsmore no service charges. I m not deviating from the topic but i do have a sizeable fund that i m finding avenue for but this mmf in Malaysia has been puzzling me. Seems my intellect may be lower than average.


This post has been edited by magika: Feb 15 2022, 10:49 PM

What has it to do with child ? You can open it in your own name although withou income tax benefit.

All my children have account under their own name also.


This post has been edited by magika: Feb 15 2022, 10:57 PM

If its just a few thousand then i think most would simply keep in their savings account. But if its tens of thousands and possibly more then interest will take priority vs a few extra days of withdrawal.