Split your FD into multiple certificates. Each one 1k MYR for example. Then if you only need 1 month, you can still keep the rest "deposited".

If you need all 6 months worth of funds at once, uplift all certificates at once.

This post has been edited by TOS: Nov 7 2022, 10:11 AM

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

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.