Malaysia Unit Trust | Malaysia's Financial Blogger | Financial Freedom Ideas

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.

Public Mutual Fund Still No.1 In Malaysia Unit Trust Industry

As reported past few months, Public Mutual still maintains no.1 position in Malaysia’s Unit Trust industry. As you can see, this is a strong and stable company for investors during current market conditions.

My friends have been Public Mutual Fund agents for quite some time ago and I support them and invest in the unit trust until now. Of course, it will probably take some time before I get to see the results. So do you invest in unit trust? How’s the performance of your mutual fund?

My Latest Investment Date: 8th May 2009

Top Up Funds:
Public Asean Dividend Fund (well perform, highest NAV price was RM0.29, recommended to invest) – 1k.

Public Euro Pacific Fund (less performing) –1k

Public China Ittikal Fund – 1k.

Generally, the return on investment for mutual fund is higher than bank fixed deposit. However, mutual fund stands the risk of losing money whereas for fixed deposit 100% safe since it is capital guaranteed.

The return on investment more or less should be about the same, or maybe a little bit more if you invest in public mutual. Besides, you can buy and sell your unit at any time, so you have more control to buy units when the price is lower and sell them back when the price is higher. However, I suggest you don’t do so as it is a long-term investment and the fact that they charge you administration fee every time you top up or invest new unit trust.

New Way To Invest Public Mutual Fund With EPF