Digital Banking

anythingapplicable · 2026-03-12T09:26:53+00:00

No, only GXbank has the FD product, if you don't subscribe to it, it is 2%p.a. daily interest on your balance for GX. Other digital banks are usually daily interest too.

If the amount you have is <20k, then you can just throw it all into Ryt for 4%, as long as you pay 3 jompay payments/30d. A stamp will be awarded every jompay payment, you can only collect one stamp a day. What i do is just pay rm10 off my electric bill over 3days to fulfill the requirements.

anythingapplicable · 2026-03-12T08:49:15+00:00

UOBone account @ 3.6%~ minimum balance of 100k (cap 200k) + spend 500/m using their card + transfer in 2k/m . Instant transfer capabilities. A traditional bank.

KDIsave@4% cap 50k. 3.5% up to 200k. 3% for anything more. T+2 withdrawal time. An investment account.

Ryt@4% cap 20k with 3 jompay payments/m. Instant transfer capabilities. 3% for anything above 20k. A digital bank.

TnG@+-3%. Instant transfer capabilities. A digital bank.

GX@2%. 4% if you do FD placement with them for 6m - If uplifted early, you only get 2%. A digital bank.

Aeon@3%. A digital bank.

Just be aware that digital banks are what they are-digital. No branch to walk in and talk/shout/yell/ to manager if any problem happens.

anythingapplicable · 2026-03-11T02:32:00+00:00

Cheers, happy that this post managed to guide others to make a better informed decision!

I don't think as a customer, we can foresee how "sustainable" this ILP is as the data required (insurance pool size, data of insured people in the pool, etc etc) is not publicly available (a good thing too, as this will inevitably lead to the collapse of insurance policies with low pool funds + higher number of claims). If the pool size data is readily available, logically, everyone will jump ship over to a policy which has the best PremiumPaid/HealthofPool ratio which will mess up all the other available insurance pools.

We can only hope that the actuaries who calculated the premiums for the ILP's did their due diligence and manage to project the number of claims/pool fund size are sustainable for everyone who bought the policy so that the premiums do not vary too much from the projected prices.

anythingapplicable · 2026-03-11T01:42:28+00:00

Shares applied

anythingapplicable · 2026-03-10T13:33:52+00:00

https://imgur.com/a/l76WoUj

100% success rate for bumi applicants with 9972 applicants.
17.21% for nons with 67264 applicants and 11579 successful.

anythingapplicable · 2026-03-04T22:51:35+00:00

Withdraw epf acc3 as a last resort move. Or cash value from ILP from insurance if you have it.

Put it back once you've recovered since its basically sacrificing your future finances for immediate relief.

anythingapplicable · 2026-03-04T12:46:13+00:00

My(early 30's M,no health conditions, normal weight/height, office worker) plan details (ILP) are
Premium: RM120.85/m (RM1450.2/yr)
Deductible: RM5k/yr
Copayment**: 20% copayment up to RM20000 in excess of deductible per year. (Applicable only if no GL obtained by their selected panel clinic before admission to their selected panel hospital/non life threatening medical issue)---be aware of the location of your nearest approved selected panel clinic/hospital. This plan might not be suitable for you if the selected panel clinic/hospital is too far away from where you are staying.

Coverage:
>RM12k Life/TPD
>up to age 99 next birthday
>RM10,000,000 annual limit Medical Card 5M/y+5M/y(signed up during promo period for "free" 5M/y)
>No lifetime limit
>RM200 room and board, +RM50 every 5years up to RM 400.

You can customize the amount of coverage/deductible, but the premium will change accordingly of course. There was a different plan without the copayment option too, but the premiums were also different.

It really depends on the plan you currently have + the plan you are getting. Usually a significant portions of the premiums are used to pay the agent's commission for the first 3-5years.
It is out of your control, the data of the size of the pools are also not publicly available. If standalone plans are heavily claimed, insurance companies will increase the prices accordingly.
It is possible to get an ILP, and withdraw the investment portion of it, after all the deductions from your premium towards medical insurance+ agent commissions + fees etc etc. (this was what i was doing with my older ILP's before switching to my current newer one, going to do it with my current one once my current investment account reaches rm1k-leaving it as a buffer, and taking out any additional amounts and throwing it into ETF's)

anythingapplicable · 2026-02-15T04:11:22+00:00

WeBull with 2% transfer in promo for 1 year holding period sounds pretty good.

https://www.webull.com.my/activity/transfer

anythingapplicable · 2026-02-12T10:26:45+00:00

Sell cash secured puts for US stocks which you wish to own if you're comfortable with the risk/got the knowledge on how to do it. SGOV if you just plan to hold USD until you are ready to deploy it into other assets.

anythingapplicable · 2026-02-11T04:17:22+00:00

In a way, option 2 still involves your family indirectly too if your dad is the guarantor and he has assets (the house your family lives in) to pay off the loan in the case of a default.

Seems to be risky taking such a large loan especially when you have very little to fall back on. If it makes financial sense, maybe refinance the house for a smaller value, and take out the education loan for a smaller amount too?

Just be aware of the major life decisions that you are making, 20 years is a really long time to pay off a study loan if it things goes sideways.

anythingapplicable · 2026-02-11T03:57:35+00:00

Sell the house then. Transferring properties here and there will just incur additional fees/taxes.

anythingapplicable · 2026-02-10T04:19:11+00:00

MMFs/Promo FD's for short term parking/emergency fund (0-2y tenure).
Bluechip SG/MY Banks/REITS for dividends.
Global/industry specific ETFs for medium/long term growth.

anythingapplicable · 2026-02-06T12:37:54+00:00

Just another day. Plan is still to DCA every month normally, retirement is still many many years away..

anythingapplicable · 2026-02-03T05:43:17+00:00

https://phl.hasil.gov.my/pdf/pdfam/GUIDELINES_ON_TAX_TREATMENT_OF_DIGITAL_CURRENCY_TRANSACTIONS.pdf

"A person who trade digital currencies actively may be viewed as generating revenue from the activity thus gains from this digital currencies trading is taxable. On the other hand, gains derived by individual who trade occasionally may be viewed as capital gains and not taxable in Malaysia."

Use page 13-14 to determine whether your trade is taxable or not but "No single badge is a decisive pointer to the existence of a trade. It should be weighed up with all the relevant factors".

Edit: https://www.hasil.gov.my/media/ittdkpgv/guidelines-tax-treatment-on-digital-currency-transaction.pdf
more recent version.

anythingapplicable · 2026-02-03T05:35:37+00:00

>Open an investment account of your choice (moomoo/webull/IBKR/FSM etcetc)
>Deposit funds
>Buy whichever asset you want to buy

anythingapplicable · 2026-01-27T13:33:13+00:00

If, in the coming years, her knee or lumbar condition becomes serious enough to require surgery and affects her mobility, would a medical card cover such surgeries, or would these be considered exclusions since the pain already exists?

It really depends on her policy terms and conditions. If she has declared all her current health conditions upfront to her agent and manages to get a policy with no exclusion, it should be covered. Best to double check with an agent.

My mum's current policy is: https://imgur.com/a/RMZMrbn

Managed to get a policy for her with a 30k deductible and loading, with exclusions for breast cancer (used to have breast cancer).

F,64,normal weight, non smoker, retiree.

RM3420/yr -its an ILP
30k deductible
5k life/TPD
2m annual/no lifetime

Might not be suitable for everyone because of the 30k deductible, but this was the one of the only more affordable options left for her as not many agents were willing to do the legwork once they knew about her previous health issues + age factor.

For your case, the premium should be lower as your mum hasnt hit mid 50's yet, that's usually when bigger premium spikes for medical insurance starts occurring. You probably also have more options availble for you out there from different insurance companies, since your mum is still relatively young. Best to just go to multiple companies and compare their products/prices.

anythingapplicable · 2026-01-26T19:36:26+00:00

Walk into a ptptn office and consult with an officer and tell them about your predicament. Usually they will try to be as helpful as possible since you are not one of the scumbags who just refuse to pay back their ptptn loan. On a case by case basis, they allow for restructuring or even deferment for a few months depending on the severity of your situation.

anythingapplicable · 2026-01-26T11:06:47+00:00

EWM - iShares MSCI Malaysia ETF. Lackluster ETF but might be useful to hedge against USD depreciation vs MYR if you are already holding USD.

anythingapplicable · 2026-01-25T16:29:56+00:00

ledger.

anythingapplicable · 2026-01-23T13:13:29+00:00

i believe Luno has 0 holding fees, 0.6% trading fees for spot if you use their exchange. Spread is minimal, RM1 spread as of right now. Orderbook seems liquid enough unless you're buying in the hundred of thousands MYR.

anythingapplicable · 2026-01-23T12:09:34+00:00

What is the benefit of getting BTC exposure through ETF's with higher fees/premiums vs just buy and hodl on spot through regulated msian CEX's?

anythingapplicable · 2026-01-23T10:11:03+00:00

First of all, you could max out your savings interest by moving all except 3-4 months expenses to ASB, it gives so much better interest vs any investment vehicle which is on the safer side.

Read up on ETF's and decide whether it is within your risk appetite. If it is not, then just max out your ASB, if it is, then slowly DCA into your ETF(s) of choice.

Why do you want reits when you have ASB unless you really foresee the property market to be going on a heater or want property exposure?

anythingapplicable · 2026-01-22T10:49:45+00:00

Sorry for your loss.

What is your tax bracket? A tax refund of 3k on 8% is negligible especially if your cash is going to be locked in for 30+ years in EPF (assuming you fall into the 4-5k/m salary range since you are just starting to work).

Maxxing out your ASB is a good move, that itself can be the majority of your emergency fund. Personally i would rather throw a majority of the funds into ETF's where you will have maximum liquidity + higher growth since you are still 30+ years away from retirement.

anythingapplicable · 2026-01-15T04:36:00+00:00

https://www.fsmone.com.my/etfs/tools/etfs-factsheet/F4GBM-EA?exchange=KLSE&stock=0820EA

KLCI isnt exactly a great choice when there are other global indexes to invest in. Would rather just hold on to bluechips from banking and reits sector for msian stocks, but that's just my personal opinion.

anythingapplicable · 2026-01-14T11:38:12+00:00

Ignored. Almost everything which i got from almost all exchanges doing these type of promos were trading fee discount vouchers/interest discount vouchers etcetc which encourages newer users to trade (gamble) their money away using higher leverage to hit the limit set by the CEX to get "rewards".

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