Kenanga should issue debit cards linked to their underlying MMFs, accessible from any ATMs 24/7. That would be a game-changer.

Alas, Kenanga is an investment bank, not a commercial bank...

Anyway, we need to see how urgent the "emergency" is. If it's immediate and needed within hours, nothing can beat traditional commercial banks. But if withint a week or a few days, still have some more options to consider.

By the way, not sure if you can uplift FD during weekends for "immediate" emergency? Haven't tried that before. I found that CIMB's eFD is not available between 12 am to 6 am daily. https://www.cimb.com.my/en/personal/help-su...e-24-hours.html

I "researched" KDI page and can only confirm the funds will be reflected in your bank account within 1 – 2 working days. So surely withdrawal on weekends won't work if there is urgent need on Saturday/Sunday.

This post has been edited by TOS: Nov 8 2022, 12:07 AM

6 months emergency funds means it's meant to be your emergency stash in case you lost income and need enough to keep you afloat for 6 months, right... so there isn't a rush to snap your fingers and expect it to be available immediately or within hours, I hope?

For everyone who say FD isn't liquid or waiting a few days is too much.. tbh you can cash out your FD anytime, instantly, and if it's a true emergency then nobody really cares about the interest, I hope! Others have advised how to minimize FD damage in emergencies.

I keep a full flexi loan for when I need instant funds I can withdraw large sums within minutes. Then other slower funds replenishes it not long after.

Maybe it helps to differentiate investment goals/returns vs. expectation on liquidity vs. practical emergency uses. Even large sums of physical cash can't be raised so quickly in normal circumstances (where the emergency is a kidnapping etc.)

Urgent till like that, need cash in 1hour? ada example kah?
how frequent it happens?

FD also no use la like that.

only way is keep cash at home, 24hrs available 7 days a week

if FD cant Wd online , 76% time die standing!!
becos bank opens **5 days a week, only 8 hrs out of 24.

say 50% people can Wd FD online till only 12 am
still 63% will die standing when faced with that need for urgent cash..

A solution with more than 50% chance to fail
if it works means the problem itself is imagination,
mathematically speaking la.

parking emergency my choice is KDi
FD if meant to be FIXED D,not for simply WD.

** i lupa masuk PH, if masuk lagi banyak die standing!

above is a simplistic calculation only

in real life your failure rate would be higher because
1)Non working machines , locked after 12 am etc
2) ATM limit no cash etc



This post has been edited by guy3288: Nov 8 2022, 01:06 AM

Credit card with rm50k limit should be enough.

Nabeh TS said its emergency, this kenanga fanboy still ask “how often does that happen”, if it happens frequently it wouldn’t be called emergency fund wouldn’t it?

Yeah FD cannot really be withdrawn during wee hours but that’s it, or combine Ramjade’s cc limit idea for cash advance, then withdraw FD ASAP during the day and pay the cash advance off. Cash advance interest is charged daily from the day its withdrawn, not past statement due date.

i am no KDi fan la, only a practical guy who live enough to not simply buy what others said
especially when it does not sound right

I showed you the proof already. 76% time cant get the money even ada FD
so FD is not the solution!

I am not sure what banks do you use that don't allow you to uplift FD online... you need to provide more solid proofs than a mere allegation.

For example, Maybank2u allows FD transactions everyday except like 10PM-6AM everyday incl public holidays. Source on Maybank website?

don't bother arguing with him. he has a very narrow vision. let him have the final say.

We are practical people dont talk theory, we talk real life situations

Even if all FDs can uplift online, banking time is not 24 hours- far from it, not 7 days a week,
ATM not always available etc etc..that day i went to BI ATM, notice there after 12 am closed, open 6AM!

you must be dreaming if you think most people who has emergency like that can their FD money in time

on paper already more than 50% will fail to get their money in time,
In real life chances of failure would be even higher as you have to run around like a headless chicken!

asking for proof of FD that cant uplift online? you wanna tell me you dont know?
give you the benefit of doubt, all the recent Fds i placed semua tak boleh uplift online
Bank Rakyat, Citibank, Bank Islam, Muamalat bank and more



dont be blinded by emotion, go read my calculation of the probability that FD will fail to save you
in dire emergency like that. Dont just yeah here yeah there only!

This is interesting. Your FDs are placed OTC I presume?

And the banks you place your FDs with are not typical large Malaysia banks. Surely the smaller players will give you higher rates at the expense of some conveniences/lack of options, apart from compensation of counterparty risk.

well...Maybank allowed
last Sunday, just uplifted efd to savings due to auto renewal
but yeah, definitely need to account for system maintenance time

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for once, i thought go+ is as liquid as savings account because of tng wallet duitnow/payment to merchant, etc
until one day the system was down for quite long
pretty sure that happens to commercial bank online banking too...
put your eggs in different basket?

just need to remember tng is not a bank so it is not held in the same standards as a bank.

if their IT department down, they don't feel it like a bank. which is why I never liked leaving too much money in tngo. I'll leave just enough for my purchases which usually comes up to max 1k-ish.

I am surprised you dont know KDi withdrawal you get money same day
thats why info direct from the ground is better than what you can read .

Friday withdraw b4 11am you get money in bank by 9-10.30pm
Deposit also same day get paid interest, mana ada tunggu 1-2 days


solid proof from new FD today. Cannot Wd online come 8.2.2023 must go to bank

not just me, if you go read FD thread you would see many saying
oh this one must go OTC


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Mostly he chasing the promo FD OTC which is why his calculation of failure % to included in his scenario 🤦‍♀️

You blurr as usual dead wrong
Why i calculate failure for my self when already told u i dont use FD as emergency fund.

Cakap pikir dulu la
Fact is not as easy as you think can urgently get cash in 1hr from FD, reasons all stated above...pi baca lah

i cant think of any other platform that can be so beneficial
for people who wants to park emergency money.

put money in, even 1 day also KDI pay you interest (3.5%)
FD 3.5% kena ikat how long?

Need money just click , tonight money in bank

see how convenient it is?

money like that can put in FD as emergency? can also.
end of the of the month dapat apa ? ZERO.

KDI is like my pocket and it pays (interest) daily!

KDI fan or not is irrelevant a long as it is useful i support


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FSMOne platform?

Multi-Currency Cash Account at 1.85p.a interest rate
-Easy currency conversion from our real-time FX rates
-Earn interest on your cash account balance
-No fees and no minimum balance required
-Easy withdrawal without hassle

Cash Management Fund (is a money market fund) at 2.574% p.a.
-Higher interest rate than a savings account
-Parking facility
-No delay in buying unit trusts on our platform
-Zero sales charge
-Low minimum initial investment and subsequent amount
-Liquidity and no lock-in period

I treat KDI save as my secondary emergency fund while it earns some interest too

Since Im young and I stay with parents like a charsiew, i dont forsee any emergency which I urgently need money in 1 or 2 days

Not just you, i can hardly think of any situation that needs money so urgently like that.
sendirri kasi takut sendiri saja.

Even Ah Long also will agree if you say bank open i pay you straight.

why not very safe? is it suddenly bank system error and showed all RM 0 one day?

oh no...i put all in efD as I lazy to make the FD cert anymore OTC.