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

Genting.
Baccarat -50%
Blackjack -75%
Poker -100%

Fun fact 3mil saving at 7% yr making 20k each month goyang kaki .

still good to park emergency fund lo.

ktards recommended level is RM4 mil though.

Where can you get 7% yearly though?

Fund reit etc lo

i put 85% at 'beU' liao...pidm somemore

Ya, just found out this new “be U” from Bank Islam, gonna say goodbye to RIZE.

Move money here and there chasing 1% interest.
Got better things to do

Ever heard of Private Trust?

Can u explain more? It’s for the very rich isn’t it? ( to setup one?)

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.

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

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 ?

Roulette - 360%

Like those private bond?

Later capital also hilang.. haha

Math diajar cikgu pjk.

Daily limit for each bank is set by yourself, but changing those nowadays will involve "cooling off" period to deter scams.

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