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Chat RIZE interest dropped to 3.3%, where next to move cash?

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Sunshape
post Oct 2 2024, 10:17 AM

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QUOTE(killdavid @ Oct 1 2024, 12:37 PM)
Move money here and there chasing 1% interest.
Got better things to do
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this is called kiasu.... aha rclxm9.gif

A single cents also counted!

This post has been edited by Sunshape: Oct 2 2024, 10:17 AM
billyboy
post Oct 2 2024, 10:18 AM

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QUOTE(iGamer @ Oct 2 2024, 09:58 AM)
That 5% promo is only applicable for 1 month and subject to many campaign t&c. After that it's 3.6% and subject to changes.
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the boost 5% is complicated to obtain. got pre-conditions eg shopping at this place, spend money at that place....don't know reliable or not.....
billyboy
post Oct 2 2024, 10:18 AM

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QUOTE(Sunshape @ Oct 2 2024, 10:17 AM)
this is called kiasu.... aha rclxm9.gif

A single cents also counted!
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you rich man....you hansum man....want good time ? thumbup.gif
TSiGamer
post Oct 2 2024, 10:20 AM

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QUOTE(Sunshape @ Oct 2 2024, 10:17 AM)
this is called kiasu.... aha rclxm9.gif

A single cents also counted!
*
If move around fund for 1 month interest of 1% probably not worth it especially for not very big sum. But ppl who don't give a shit about interest rate are probably also the ppl who let their money rot in saving account that pay 0.X% interest annually.


TSiGamer
post Oct 2 2024, 10:23 AM

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QUOTE(billyboy @ Oct 2 2024, 10:18 AM)
the boost 5% is complicated to obtain. got pre-conditions eg shopping at this place, spend money at that place....don't know reliable or not.....
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Yup, too much hassle and if not mistaken, that promo rate is only for 1 month and also got cap limit.
Yesterday I move some to "be U" for their eFD, today I moved some to top up EPF.
soul78
post Oct 2 2024, 10:26 AM

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stop hunting for rates... and park into epf ler...
TSiGamer
post Oct 2 2024, 10:30 AM

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QUOTE(soul78 @ Oct 2 2024, 10:26 AM)
stop hunting for rates... and park into epf ler...
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For emergency cash u can't park in EPF unless u already above 55yo tongue.gif

I did top up EPF today seeing the interest rate trend of going down. Currently adjusting the cash vs EPF placement.
billyboy
post Oct 2 2024, 10:31 AM

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QUOTE(iGamer @ Oct 2 2024, 10:23 AM)
Yup, too much hassle and if not mistaken, that promo rate is only for 1 month and also got cap limit.
Yesterday I move some to "be U" for their eFD, today I moved some to top up EPF.
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what rate you got for 'be U' and how long ? smile.gif
TSiGamer
post Oct 2 2024, 10:38 AM

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QUOTE(billyboy @ Oct 2 2024, 10:31 AM)
what rate you got for 'be U' and how long ?  smile.gif
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Refer to my edited first post, 4% for 12mths, other shorter period also very good rate compare to most commercial bank FD.
AthrunIJ
post Oct 2 2024, 10:42 AM

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With the advent of acc3.

EPF je la.

Since you are risk adverse

This post has been edited by AthrunIJ: Oct 2 2024, 10:43 AM
StorMx
post Oct 2 2024, 10:53 AM

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QUOTE(MrBaba @ Oct 1 2024, 12:24 PM)
Fund reit etc lo
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There are years where they are red. then next year you need to make double to get back to your 3M
MrBaba
post Oct 2 2024, 12:01 PM

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QUOTE(StorMx @ Oct 2 2024, 10:53 AM)
There are years where they are red. then next year you need to make double to get back to your 3M
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U ma put EPF lo if u takut
smallcrab
post Oct 2 2024, 12:36 PM

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Good info this Be U digital bank

Later i try register and put Fd

Not bad la 4%
StorMx
post Oct 2 2024, 04:13 PM

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QUOTE(MrBaba @ Oct 2 2024, 12:01 PM)
U ma put EPF lo if u takut
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Narak haha rclxub.gif
dennis008
post Oct 2 2024, 04:16 PM

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buy snp500 la now usd cheap good deal yo


snimple
post Oct 2 2024, 04:18 PM

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This rize is just a savings account wei somemore kasi u 3.8% ka 3.3% ka and daily interest what u wan somemore oh

Die die wan 4% and park FD where got same

Savings is savings anytime can take out suka suka can put money in
Justin.Loong
post Oct 3 2024, 10:44 AM

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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 hmm.gif

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. hmm.gif
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QUOTE
1. Boost Bank: 5% pa

As part of its 7th birthday, Boost is allowing users to earn 5% pa on a special savings jar until 31 October.

There is a cap of RM25,000.

Here’s how much interest you’ll earn:
• RM19.90 with RM5,000
• RM39.80 with RM10,000
• RM49.75 with RM25,000

FYI, Boost Bank is NOT Shariah-compliant.

Although Boost Bank’s promotion is enticing, user reviews have been overwhelmingly negative.
Some customers said that there’s a withdrawal limit of RM10k.
Others are disappointed on Boost’s customer service.

2. Versa Cash: ~4.00% pa
Still one of the most user friendly and consistent cash apps.

Versa has two products that offer steady returns:
• Versa Cash: NOT Shariah-compliant but has higher returns.
• Versa Cash-i: Shariah-compliant but has lower returns.

Read more:
https://thefuturizts.beehiiv.com/p/versa-sa...rn-zero-lock-in

3. Fixed Deposits: 4.00% pa
FDs are becoming attractive again because their returns are much higher than digital banks now.

Two banks are offering 4.00% pa until 31 December: MBSB and Bank Islam.
Links:
https://thefuturizts.beehiiv.com/p/best-fix...es-monthly-2024

4. TNG GO+: 3.45% pa
Classic but never gets old.

GO+ returns have been steady at this range since November 2022.
There is a deposit limit of RM9,500 though, but you’ll still earn daily profits beyond this amount.


TSiGamer
post Oct 3 2024, 10:53 AM

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QUOTE(Justin.Loong @ Oct 3 2024, 10:44 AM)
Versa, KDI, be U Bank Islam........ all ayam put some eggs in already

Seems nothing new, I didn't bother about the Boost Bank promo, seems too much hassle for a 1mth promo rate.
Justin.Loong
post Oct 3 2024, 12:31 PM

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QUOTE(iGamer @ Oct 3 2024, 10:53 AM)
Versa, KDI, be U Bank Islam........ all ayam put some eggs in already

Seems nothing new, I didn't bother about the Boost Bank promo, seems too much hassle for a 1mth promo rate.
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+1 with you! nod.gif

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