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Chat RIZE interest dropped to 3.3%, where next to move cash?
TSiGamer
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Oct 1 2024, 11:59 AM, updated 3 months ago
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As we entered new month October, and promotional interest rate on cash funds have mostly gone down... Where's the next good place to park cash? RIZE dropped from previous 3.7% to 3.3% Versa Cash- 3.63% KDI- 4% (First 50k), 3.5% (50.1k-200k), 3% (>200k) Tempted to move some to EPF if rates keep going down Edit: There's a "Be U" eFD promotion from Bank Islam now, 4% (12mths), 3.95% (9mths), 3.75% (6mths), minimum RM500, no max ceiling. This post has been edited by iGamer: Oct 1 2024, 12:27 PM
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funnyTONE
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Oct 1 2024, 12:01 PM
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Genting. Baccarat -50% Blackjack -75% Poker -100%
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MrBaba
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Oct 1 2024, 12:01 PM
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Fun fact 3mil saving at 7% yr making 20k each month goyang kaki .
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blueknight
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Oct 1 2024, 12:04 PM
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New Member
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still good to park emergency fund lo.
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TSiGamer
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Oct 1 2024, 12:04 PM
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QUOTE(MrBaba @ Oct 1 2024, 12:01 PM) Fun fact 3mil saving at 7% yr making 20k each month goyang kaki . ktards recommended level is RM4 mil though.
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dawnreaver
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Oct 1 2024, 12:05 PM
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QUOTE(MrBaba @ Oct 1 2024, 12:01 PM) Fun fact 3mil saving at 7% yr making 20k each month goyang kaki . Where can you get 7% yearly though?
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MrBaba
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Oct 1 2024, 12:24 PM
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QUOTE(dawnreaver @ Oct 1 2024, 12:05 PM) Where can you get 7% yearly though? Fund reit etc lo
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poco loco
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Oct 1 2024, 12:33 PM
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i put 85% at 'beU' liao...pidm somemore
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TSiGamer
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Oct 1 2024, 12:36 PM
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QUOTE(poco loco @ Oct 1 2024, 12:33 PM) i put 85% at 'beU' liao...pidm somemore Ya, just found out this new “be U” from Bank Islam, gonna say goodbye to RIZE.
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killdavid
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Oct 1 2024, 12:37 PM
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Move money here and there chasing 1% interest. Got better things to do
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xing7
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Oct 1 2024, 12:42 PM
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New Member
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QUOTE(dawnreaver @ Oct 1 2024, 12:05 PM) Where can you get 7% yearly though? Ever heard of Private Trust?
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TiramisuCoffee
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Oct 1 2024, 12:49 PM
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QUOTE(xing7 @ Oct 1 2024, 12:42 PM) Ever heard of Private Trust? Can u explain more? It’s for the very rich isn’t it? ( to setup one?)
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Emily Ratajkowski
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Oct 1 2024, 12:52 PM
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QUOTE(iGamer @ Oct 1 2024, 11:59 AM) As we entered new month October, and promotional interest rate on cash funds have mostly gone down... Where's the next good place to park cash? RIZE dropped from previous 3.7% to 3.3% Versa Cash- 3.63% KDI- 4% (First 50k), 3.5% (50.1k-200k), 3% (>200k) Tempted to move some to EPF if rates keep going down Edit: There's a "Be U" eFD promotion from Bank Islam now, 4% (12mths), 3.95% (9mths), 3.75% (6mths), minimum RM500, no max ceiling. the only place that can guarantee higher return is money market funds. any savings account type will surely give less than the risk free rate.
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Zaryl
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Oct 1 2024, 12:53 PM
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Rize 3.3% is way better than typical banks CASA which offer only 0.25% p.a.
Some more it’s very liquid, can takeout and use for emergency anytime.
But if you dont mind parking for non liquids, can rajin hunt for FDs
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TiramisuCoffee
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Oct 1 2024, 12:53 PM
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QUOTE(iGamer @ Oct 1 2024, 12:36 PM) Ya, just found out this new “be U” from Bank Islam, gonna say goodbye to RIZE. Seems like digital banking gives better rates than traditional banking doesn’t it? But is it safe to move 💰 fr one platform to another? Is there a daily limit ?
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Boomwick
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Oct 1 2024, 12:55 PM
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QUOTE(funnyTONE @ Oct 1 2024, 12:01 PM) Genting. Baccarat -50% Blackjack -75% Poker -100% Roulette - 360%
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Boomwick
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Oct 1 2024, 12:56 PM
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QUOTE(xing7 @ Oct 1 2024, 12:42 PM) Ever heard of Private Trust? Like those private bond? Later capital also hilang.. haha
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poweredbydiscuz
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Oct 1 2024, 01:02 PM
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QUOTE(MrBaba @ Oct 1 2024, 12:01 PM) Fun fact 3mil saving at 7% yr making 20k each month goyang kaki . Math diajar cikgu pjk.
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TSiGamer
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Oct 1 2024, 01:31 PM
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QUOTE(TiramisuCoffee @ Oct 1 2024, 12:53 PM) Seems like digital banking gives better rates than traditional banking doesn’t it? But is it safe to move 💰 fr one platform to another? Is there a daily limit ? Daily limit for each bank is set by yourself, but changing those nowadays will involve "cooling off" period to deter scams.
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TSiGamer
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Oct 1 2024, 01:35 PM
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QUOTE(poco loco @ Oct 1 2024, 12:33 PM) i put 85% at 'beU' liao...pidm somemore Okay, just successfully register new account, a bit of hiccup, approved fund transfer from PBB but then still pop up silly question to check authenticity even though approved through PBB APP Some of those question was set up so many years ago when opening PBB where got remember the exact answer
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