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.

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-in3. 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-20244. 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.