My Saving Plan | Malaysia Financial Blogger | Financial Freedom Ideas

Which Bank in Malaysia Offer Highest FD Rate?

Fixed deposit is still the most popular type of savings in Malaysia. However, with the latest inflation rate still hovering above 3%, and bank fixed deposit rates still not that high, we are actually encountering the risk of getting the real returns in this context.

highest FD rate

Besides that, we also need to have some cashflow for emergencies purpose in the event of a financial crisis. As a rule of thumb, we should keep at least 6-12 months of monthly expenses in the form of cash before looking into any kind of investments or paying off any loans and etc.

August 22nd, 2011 | Leave a Comment

How to Use Maybank eFixed Deposit Online?

Maybank eFD provides convenient way for FD account holder to make Fixed Deposit placements online. All transactions are real time. But, there’ll no certificate be issued.

So, if you are willing to open Maybank eFD, then you just login to Maybank2u.com. Click on Accounts & Banking and you will see Fixed Deposits. Then, click on Make an eFixed Deposit placement. Next, you can select eFixed Deposit type (Maybank Conventional Fixed Deposit or Maybank GIA Mudharabah or Murabahah Deposit Account MDA-i).

maybank efd

After that, please select term of your eFD. So there’s 1 - 60 months.

maybank efd

Please make sure that know the FD rates before you do the placement so you won’t feel regret later. So, below are the latest FD rates:

August 15th, 2010 | 11 Comments

Streamyx Cool Uni Pack Student Package

Streamyx has launched the latest promotion Cool Uni Pack since 1st of April 2010. This is great package for you to subscribe. If not mistaken, it is one of the highlight in our budget 2010 which provide affordable computer with internet connection for students who study in local university.

streamyx cool uni pack

This new Cool Uni Pack only cost you as low as RM38 per month and it does not only offer broadband services at student price, but also offering a FREE HP Mini 210 netbook(market price at RM1299), FREE wireless modem and FREE Streamyx broadband Internet access at 384kbps for 2 years. At the same time, you will get the waiver of activation fee RM75 and installation fee RM88.

It’s not necessary you must subscribe RM38 per month package; you can choose a list of these complete packages:

i) 384kbps unlimited broadband - RM38/month
ii) 512kbps unlimited broadband - RM53/month
iii) 1Mbps unlimited broadband - RM68/month
iv) 2Mbps unlimited broadband - RM83/month
v) 4Mbps unlimited broadband - RM88/month

How to Sign Up Streamyx Cool UNI Pack?

July 25th, 2010 | 18 Comments

How To Enjoy 20% Toll Rebate at Penang Bridge?

I’m not sure how many of us do not know about this, our Malaysian government had come out a scheme where frequent users of the closed highways shall get 20% rebate off their toll transactions. This is to lessen the burden of the people.

toll rebate

So, it’s great opportunity for all Penangites as they are entitled to get 20% rebate on the Penang Bridge toll. In the other words, Penangites need only pay RM5.60 compared to RM7 for other users. And, it’s RM1.10 for riders from Penang compared to RM1.40 for other motorcyclists. However, you must use the Touch N’ Go card to be eligible for that. It’s still better than another scheme which requires you need to have minimum 80 transactions per month.

How To Get The Touch N’ Go Card?

June 16th, 2010 | Leave a Comment

Prudential PruSaver Plan

Prudential is always able to innovate and offer you relevant products. They will offer you a wide range of life insurance and investment-linked products to meet the customer needs from time to time. And I can see their effort in continuing to enhance existing offerings and explore new ones to suit customer requirements.

Prudential_prusaver

My insurance agent recommended me to put money in Prudential PruSaver account instead of bank’s FD since year 2006. For me, it will be more on savings plan. If you prefer to save instead of invest, you can consider this plan. However, I have made wrong decision as I quit this plan during recession time. If not, I will have great amount of units available now. I have reconsidered to continue this plan, which put RM200 as monthly savings.

May 20th, 2010 | 3 Comments

PIKOM PC Fair 2010 (I) with Dates and Venues

PIKOM PC Fair is an annual event organized by PIKOM, which is also representing the ICT industry in Malaysia. I heard the latest news said that now the Pikom PC Fair follow a new format which will be held twice a year only, while previously was three times per year.

PIKOM PC Fair 2010

Most of the Malaysian especially tech savvy will find many great deals in PIKOM PC Fair.Therefore, if you are planning to replace whole set of old PC desktop or laptop; you will find more choices and discounts in PC fair.

Below are the full details about the dates and venues of the most popular event in Malaysia.

April 3rd, 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 | 4 Comments