hello, new to this... some questions:
1) asking... versa and SA Simple, any other alternative?
2) for current month, whats the interest rate offered?
Money market fund
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 Apr 30 2021, 05:08 PM
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#1
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Junior Member
384 posts Joined: Oct 2011  
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Mar 10 2022, 04:35 PM
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#2
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Junior Member
384 posts Joined: Oct 2011
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so many money market fund apps...
bank FD too low... need park some into MMF. may i know at this moment, MARCH... with 50k, which platform has the highest fixed savings interest ? |
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Mar 11 2022, 12:33 AM
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#3
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384 posts Joined: Oct 2011
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QUOTE(MUM @ Mar 10 2022, 06:36 PM) Just a note to consider... Understand no pidm, but bank rate totally cannot now.Mmf fund has no pidm unlike FD. Cash Mgmt Fund can get negatives returns... As it has risk as per the prospectus. For best fd rate, try check the FD thread  KDI Save is fixed rate right? the risk is unless Kenanga investment bank goes bankrupt QUOTE(xander83 @ Mar 10 2022, 11:51 PM) Not all MMF are higher than FD in the 1st place what is wY? If you looking 3% and low risk bond is the wY to go i am looking for fixed rate of return. main still with bank, plan to partial into MMF |
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Mar 11 2022, 10:31 AM
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#4
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384 posts Joined: Oct 2011
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QUOTE(MUM @ Mar 11 2022, 02:04 AM) KDI Save: too bad, i dont have childThe cash shall be placed into Kenanga Investment Bank Bhd’s Treasury Products, mainly comprising deposits. what is treasury product? mainly comprising of deposit means what? about how many % is in it? what is deposits? does it has SUKUK or Bond products in that treasury product? does the treasury product holds 100% Kenanga investment bank bond? if NO, then even if kenanga investment bank goes bankrupt it does not matter... if you want rate that is currently better than KDI Save ....i think is SSPN Prime....especially now if you are eligible to join the dividend +1% rewards... |
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