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

ktards recommended level is RM4 mil though.

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

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

yes as a purely saving account that can withdraw at any time it is still the best rate, so will still keep some liquid cash there but the balance will moved to eFD for better rate. "be U" from Bank Islam got promo at 4%/12 mths.

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

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

long time move out cash from GX liao, no more good promo rate everyone will cabut...

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.

I refer to their website indicated rate, the promo 3.8% is supposedly up to end of September only.
https://www.rize.com.my/

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.

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.

For emergency cash u can't park in EPF unless u already above 55yo

I did top up EPF today seeing the interest rate trend of going down. Currently adjusting the cash vs EPF placement.

Refer to my edited first post, 4% for 12mths, other shorter period also very good rate compare to most commercial bank FD.

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.