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Maybank vs Public Bank Savings Account Interest Rate [ March 10th, 2010 ] | 184 views | 1 Comment

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.

US Financial Tsunami

I could not believe myself when heard one of the largest insurance company in the world going to bankrupt. But Malaysia AIG and AIA had issued a statement that the Malaysia based company is still going strong.

fed help

AIG nearly declare bankrupt if not saved by FED. All these happened because they do not have enough capital to sustain. AIG has many different business groups around the world, if FED doesn’t help them, AIG bankrupt, the Investor & Customer will suffer and eventually will directly impact to FED also. People no money and can’t pay the tax; at that time will be serious economic crisis.

Why Bankruptcy?

If someone who has officially declared that he cannot settle the amount that he owes then he will be considered as bankrupt. In Malaysia, the minimum amount of judgment debt amount to declare bankruptcy is MYR30, 000.

Bankrupt

There will have 6 months for you to make full settlement or negotiation after the bankruptcy notice is issued. If you did not response, you have committed an act of bankruptcy.