Apr 10 2014, 11:41 AM
QUOTE(watercress10 @ Apr 10 2014, 10:22 AM)
hi ... thanks for the information so far ... i've 2 more similar questions ...
1)what's the difference between dividends and interest? which earns me more?
2) i read through all the current account options ... m2u premier seems most suitable, but i also found net current accout-i which seems comparable. any thoughts on that? that yields dividends, that's why i'm asking about them
cheers
IINM, interest is the term they use for conventional accounts, and dividend is the term they use for islamic accounts. if you want higher dividend/interest, go for the latest, online-only, Savers or Savers-i account. These accounts give you up to 2.3% per annum. 1)what's the difference between dividends and interest? which earns me more?
2) i read through all the current account options ... m2u premier seems most suitable, but i also found net current accout-i which seems comparable. any thoughts on that? that yields dividends, that's why i'm asking about them
cheers
Comparatively, current accounts also can give you dividend, but not as many as savings account.
Personally, I have been using Premier Mudharabah Account (PMA-i) as my checking account. This account pays you dividend, but not much. I just use this account to issue cheque. It does not have monthly maintenance fee.
For saving and dividend, I put all my extra cash in the Savers-i account.
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