The Best PIDM Protected Conventional Fixed Deposit Accounts for 12 Months or Less

One of the best ways of earning a slightly higher return from your savings is to place them in a Fixed Deposit account which offers the most attractive terms and conditions. If you are sure that you will not need to touch the money for the full term of the deposit (ie. 12 months), you [...]

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Features and Benefits of the National Education Savings Scheme (SSPN)

All parents should take advantage of Skim Simpanan Pendidikan Nasional (SSPN) which is The National Education Savings Scheme that provides a smart way for Malaysians to save money for their children’s education and lower their annual income tax payments at the same time. It was designed by the National Higher Education Fund Corporation (also known [...]

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Using Credit Card Rewards to Save Money and Get Stuff You Really Need

Credit Card Reward Points can save real money for consumers if they are used in an efficient way, but all too often, people end up wasting them on useless things that they don’t need or products that could be purchased for less than the effective points exchange rate. The next time you’re browsing through your [...]

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What is PIDM (Perbadanan Insurans Deposit Malaysia)?

Also known as the Malaysia Deposit Insurance Corporation (MDIC), PIDM (Perbadanan Insurans Deposit Malaysia) is a government body responsible for Protecting Insurance and Deposits in Malaysia. Established in 2005 under the Akta Perbadanan Insurans Deposit Malaysia (PIDM Act), PIDM protects your deposits in the bank as well as your takaful and insurance benefits in the [...]

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How to Get Higher Returns and Financial Flexibility from Fixed Deposits

Interest rates for Fixed Deposits (also known as Term Deposits) are very similar for most banks but it is possible to get a better return for your hard earned money by choosing the bank and account that offers the highest rate to suit your particular circumstances. Principals & Durations When you’re trying to identify the [...]

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HSBC Premier’s 5% pa 3-month Time Deposit Promotion ends 30 June 2012

HSBC Malaysia’s eye catching 5% p.a. promotional rate for their 3 month Time Deposits has been on offer since 11th May and it ends next week on 30th June 2012. The headline to the promo encourages you to “Enjoy 5% p.a. Special Interest Rate with our 3-month Time Deposit”. As with all such deals, it’s never [...]

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