Dear all, i am thinking of transfering my cash from asb1 to asb2 since am worried asb2 gonna b full in the future.

However, since asb dividend calculation is based on minimum balance amount, the process of transferring may cause me about rm500+ (based on lost dividen income 1 month).

Any suggestion on how to execute this with minimal loss?

Maybank, 70k and above at 5%

For asb1 only

This is the first time i've heard about asbf refinancing. How does it work? The new bank will settle the outstanding loan amount and just create a new account with matching tenure in the new bank? Or i do it manually as cancelling my existing loan and apply a new loan with lower interest?

Ok, understand. My worry is the new loan may not get approved. But i think this is worth to consider.

Why need to go max? Isn't it better if you pay off earlier and that means you no longer have the committment to pay while your investment continue to reap the compounding interest?

Owh ok, now i see it. The objective is to take advantage of the system, and lower installment is the way to go.