Bank & Investment | Malaysia's Financial Blogger | Financial Freedom Ideas

Maybank vs Public Bank Savings Account Interest Rate

Do you know how much interest will you get if you keep your money in your bank savings account nowadays? Someone has asked me which bank savings account work best, MayBank or Public Bank? I told him that basically, all savings accounts are the same. The main purpose is for us to save money only. Without consuming lot of time, I told him that he should open a savings account at a bank, which is convenient for him to do transaction or finding the one that is near to his home. This is because there is slight difference in interest rates.

Here are some of the savings account interest rates obtained from the banks’ latest updated information:

maybank_savings_interest

pb_savings_interest

So, from this comparison, you will found that Maybank Basic Savings Account offers better interest which is 0.25% for balance <= RM10,000.

March 10th, 2010 | 1 Comment

CIMB Bank Fixed Deposit Campaign

2 days ago, my friend Thian Thian come to visit me and from the conversation, i only know that she is working in CIMB bank now and provides me the latest information about the CIMB newly launched product - “Go for Gold” which is a nationwide deposit campaign. I never heard about this campaign before but I am eager to get more details from her, she said that you would stand a chance to win the prizes if you make deposit with CIMB Bank.

She also explained to me that with every incremental deposit of RM1,000 during the campaign period, you will entitled to get 1 entry for the contest.

cimb_fixed_deposit

As an fixed deposit account holder, they will enjoy added bonus during this campaign period, customers will get the interest of 2.45% per year on their 8 months fixed deposit placement. For me, the idea is very simple which encourage more people to deposit in bank; the more they put into fixed deposit the higher chances of winning.

CIMB “Go For Gold” Campaign

February 25th, 2010 | 3 Comments

Latest Fixed Deposit Rates(FD Rates) In Malaysia

If you having tough time to make decision on which bank should you put your money into fixed deposit account to earn better interest rates, then you have come to the right place as you can see a list of comparison among all Malaysia banks here.

Since now is year 2010, perhaps it is a great time for me to review the latest Malaysia fixed deposit rates of banks this January 2010. But, please bare in mind that the rates may go up and down at any time. You are advised to confirm the latest fixed deposit rates with the respective banks concerned.

fd_rates

Last time the FD rate for 1 month is about 3.0%, but now become 2.0% only. I can feel that the decreasing interest rate is making the value of the money in bank become smaller. So, it’s not a good idea if continue to do put your money into fixed deposit account as it may easily wipe out millions of profit or loss.

Latest Malaysia Fixed Deposit Rates:

January 23rd, 2010 | 6 Comments

Gold Coins Investment Better Than Stock?

goldcoin

If you are planning to diversify your investments portfolio, then you can try to do gold investment. Most of the people believe that gold investment is a good investment. 1 of my client had bought gold as their investment before and made roughly around 10%-15% for the investment which is better than fixed deposit.

For me, gold investment is another good option that you may try to consider in order to diversify your investment risk. If you are medium to long term investors then it may suit you since it is a moderate risk kind of investment.

My Review on the Gold Investment Market

Based on what i known, i can say that gold investment has grown dramatically in this few years, but it is still just a tiny proportion if you compare with the stock investment.

Advantages & Disadvantages of Gold Coins Investments

December 18th, 2009 | 6 Comments

Earlier Retirement via Property Investment

Many of my friends who did not have higher education are all to be more adventurous and grab any golden opportunity to earn a higher income in a strong currency. Most of them went to working oversea as they think that the amount that earns working overseas in 1 year is almost equivalent to at least 3-5 years of working in Malaysia.

I hope one day I managed to accumulate extra income over RM10k per month to allow me to retire comfortably. I have promised myself that my goal is to retire debt free, which is before the age of 65. But now, I have changed my mind and set higher target, which must achieve it within the next 10 years by just property investment.

investment_property

Consider between the ROI and interest cost. Assume that you are investing in low medium cost apartment below RM100k in a good location:

November 2nd, 2009 | 3 Comments

How To Make Payment Through Maybank2U?

Time is Money. Nowadays, most of the businessman will face tight schedule problem or lack of time to do banking transaction. In order to overcome this issue, Maybank2u is a good choice for them to do online banking transaction. I believe most of you are very familiar with Maybank2u already. Am I right?

Maybank2u.com is an instant online banking service that allows the Maybank customers to access from the desktop or laptop at anytime, anywhere. Besides, Maybank2u is the first bank which offering online banking via online banking portal.

Maybank2u provides a lot of online banking features such as transferring funds and checking account balance; they also provide the facility to pay for your utility bills online (this include Astro, water bill, electricity bill, telephone bill, and TMnet).

Step By Step How To Make Payment via Maybank2u.com

1. Logon to http://www.maybank2u.com, sign in with your saving/current account’s username & password.

2. Then, click on “Accounts and Banking”.

3. Next, click on “Transfer”.

4. Now, click on “3rd Party Account Transfer”.

5. After that, key in your “Amount” to be transferred

September 7th, 2009 | Leave a Comment

Do You Think Now It’s Great Time To Invest In Gold?

GoldIRA

I believe that most of the people had find out some way to increase own retirement fund. Some of them make investments of their hard earned money and hopefully that one day they can retire comfortably.Gold IRA is another type of investments, which I heard recently. As I known, this IRA Gold is one of the safest investments. Value of gold will not be affected by economic crisis.

I learnt a lot about Gold IRA and Gold 401k from one of my US friend. My friend keep on telling me that gold has been used as a hedge against inflation issues. I believe that with this global economic crisis, gold investment has become the alternative for your investment plan. So, how’s your opinion? Do you think that this IRA Gold investment is better than unit trust investments or property investments?

September 4th, 2009 | 4 Comments