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

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

Where can you get 7% yearly though?

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

Where can you get 7% yearly though?

Ever heard of Private Trust? 

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.

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

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

Ever heard of Private Trust? 

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

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 ?

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

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

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

👍

how does cooling off deter scams tho…?

Ever heard of Private Trust? 

slow down the process a bit lor in case ppl account got hacked or simply fell for scam to move big money.

Standard chartered has this 5% no lock down if you have million to deposit with them

Trust Fund...         

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 

the name Rize but the rate drop

apa machiam, anything rizing over there

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

what goes up must come down, even ggb also cannot up whole day long

all the GX Bankers scattering everywhere this week

still got ppl keep money in GX Bank ka

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

OWAI
Boost just raise their interest to 5%

The Rize app still shows 3.8%.

If the rate has changed, then they should also update the app.

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

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.

this is called kiasu.... aha

A single cents also counted!

this is called kiasu.... aha

A single cents also counted!

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.....

stop hunting for rates... and park into epf ler...

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.

what rate you got for 'be U' and how long ? 

Fund reit etc lo

There are years where they are red. then next year you need to make double to get back to your 3M

U ma put EPF lo if u takut

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-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.

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.