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.  

already so many case on FD issues be it online or paper... if it can happen to others, it also has some chance that may happen to you too

people does mistake time to time, being not checking the website is correct or not, not ensure that the name is on the paper FD, using unknown apps that has spyware inside etc etc, hey, it can happen to you too

how safe is secure tac? secure sign? digital token?

with funds in money market, hackers requires much more steps and not to mention it take days to liquidfy your money

FD so dangerous     you guys better move to MMF ha ha.

don't twist my word la 

i said not very safe only, i didn't say it is dangerous to put money in FD 

in terms of security (FD 95% safe, MMF 98-99% safe), still have some risk to happen like MMF trustee goes bankrupt etc etc

Hi guys, so I want to do some crowd source brainstorming.

I want to keep my 6 months emergency money somewhere. It has to be:
1)Easily accessible. Obviously because it's emergency fund.
2)I want it to return as high as possible interest.
3)must be relatively safe.

Right now here's what I can think of:
1)Savings account: Most liquid, but absolutely crap returns. If possible I don't want to put it there.
2)Put money in full flexi housing loan (if you have it).
3)Put in money market fund.
4)Put in tngo go+. But this one max limit is 20k, so hard to keep your 6 months emergency money there.

I appreciate if you guys can help give better recommendations. Especially if there are other funds or companies giving low risk, highly liquid stores of cash.

Probably KDI.. They just boost their rates from 3% to 3.5%, pretty good deal as their rates is considered high & they're low risk investment, it's better to start from low risk investment especially if you;re beginners bcs if you straightaway go for high risk investment, you might suffered losses.

already so many case on FD issues be it online or paper... if it can happen to others, it also has some chance that may happen to you too

people does mistake time to time, being not checking the website is correct or not, not ensure that the name is on the paper FD, using unknown apps that has spyware inside etc etc, hey, it can happen to you too

how safe is secure tac? secure sign? digital token?

with funds in money market, hackers requires much more steps and not to mention it take days to liquidfy your money

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.

This is a Singapore UOB Privilege account promotion … not a bad option for short term parking of emergency funds.

Either that or OCBC’s Premier Dividend account - also 3.4% no lock in. My emergency funds are parked with them as OCBC’s 3.4% has been giving me excellent returns of nearly $2,700 per month just by saving money for a rainy day!

Bro please don't flex. Not everyone got sg bank acocunt. What more priority banking account. Think of people on the street. That's why my style of writing have always been for people on the street.

A bterr suggestion would be tiger money market account.

the main difference here is FD is guaranteed return.

right now kdi say they guarantee 4% (if I'm not wrong)
but my gut tells me that this is going to change in the future.
because investment can never guarantee.
no fund manager will dare to guarantee money one.
and as far as I know kdi didn't disclose where they invest the money. People speculate it's a mix of money market and slightly riskier asset. So means there's a chance your portfolio can lose money.

No single answer is right. All got positive and negative. Just see which one you want only.