I have decided to make post like this from time to time to update places that can park money, this is mostly for myself, so I will update as frequently as I personally need it.
Most platform only offering “special interest” for a fixed period or during a promotional campaign, so this post is to keep track of places with good interest rate.
What qualifies to be in this post?
- Has to be liquid (accessible within 3 business day)
- No expose to significant market risk
- Licensed and regulated platform in Malaysia
- Malaysian Ringgit based
- At least matching the OPR interest rate or above
- No stupidly complex product / “missions to unlock higher rate” bullshit
Let’s get straight into it.
Rate Guaranteed platform
- KDI Save – 4% for first 50K, 3.5% for up to 200K, 3% after 200K
- This rate seems to be persist since 2023, not sure when they would revise it
- Ryt Bank – 4% for first 20K, 3% for the rest
- Requires to make few transactions monthly with the card, somewhat annoying
No Guaranteed Rate (Usually MMFs)
- Webull Moneybull – AHAM Aiiman Enhanced i-Profit Fund ~3%
- They do have promo of 6% from time to time for first 50K~200K
- Moomoo Cash Plus – Multiple MMFs ~3%
- Like Webull they also have 6% promo for new member
- Versa Save – AHAM Enhanced Deposit Fund ~3%
- StashAway Simple
- TNG Go+
- FSMOne – Variety of MMFs ~3%
I have an older post comparing some of these platform that offer money market fund products, but the numbers may not be relevant now.
Now if I missed anything please let me know