1
SEPTEMBER 2015
magazine
e r o M t e #G
n o i t i Ed
e
2
SEPTEMBER 2015
Invest in Your Future
Enjoy 4.5%* p.a. Return on Your Savings When You Save with BSN Fixed Deposit and CM Deposit-i.
Want More?
Get a Free iPod Shuffle* with Your Savings Now!
*Terms and Conditions apply. Campaign Period: 5th August 2015 - 30th September 2015
Have a SmartPhone? Scan the QR Code to find out more! or call for details 03 7890 0808
3
SEPTEMBER 2015
4
7
18 22
1
SEPTEMBER
2015
magazine
SEPTEMBER
ore M t e G n # Editio
e
2015
4
SEPTEMBER 2015
5
SEPTEMBER 2015
1.
2.
3.
4.
6
SEPTEMBER 2015
5.
7.
9.
6.
8.
10.
7
SEPTEMBER 2015
SaveMoney #GetMore Edition
8
SEPTEMBER 2015
SaveMoney #GetMore Edition
9
SEPTEMBER 2015
SaveMoney #GetMore Edition
10
SEPTEMBER 2015
SaveMoney #GetMore Edition
11
SEPTEMBER 2015
SaveMoney #GetMore Edition
1
2
3
4
12
SEPTEMBER 2015
SaveMoney #GetMore Edition
5
6
7
8
13
SEPTEMBER 2015
SaveMoney #GetMore Edition
18-20 SEPT 2015 Mines International Exhibition Centre Seri Kembangan, Selangor
14
SEPTEMBER 2015
SaveMoney #GetMore Edition
15
SEPTEMBER 2015
SaveMoney #GetMore Edition
16
SEPTEMBER 2015
SaveMoney #GetMore Edition
17
SEPTEMBER 2015
SaveMoney #GetMore Edition
18
SEPTEMBER 2015
SEPTEMBER 2015
19
20
SEPTEMBER 2015
21
SEPTEMBER 2015
Ways to Cope Financially After a Job Loss
It's oh-so easy to fall into despair if you are part of the statistics and find your savings not as cushy as you'd like. We deeply sympathise with your predicament and hope you find the following tips useful. Here's what you can do if you find yourself at the receiving end of the dreaded pink slip.
1. Do Not Panic
4. Create an Emergency Interim Budget
First and foremost, take a deep breath. You might not believe it at this point but losing your job is not the end of the world. While it might seem all doom and gloom, do not panic because you will get through this and find another job. Believe, and it shall be!
Get organised and list down expenses in order of priority such as mortgage or rent, utilities, food, transportation, insurance premiums and all the way down to the least important items. Do not forget to include other expenses that would entail your job search.
Try to look at it this way, losing your job might be a blessing in disguise. It may actually turn out to be an opportunity to land a better job or start a new career.
This budget will also help you see where your emergency aids (savings, EPF withdrawal, credit cards, loans) can come in handy.
2. Do Not Make Hasty Financial Decisions We understand that it is a highly stressful time but do refrain from making hasty financial decisions such as using up your retirement fund, selling off long-term investments or worse, selling off your home! Hasty decisions could end up costing you much more in the long run. Before you panic - see if you can exhaust all other means of getting cash such as selling small valuables, undertaking freelance or part time work or at the worst, taking a small loan from your family. A good emergency credit card may also help you stock the fridge and pay utilities in the meantime until you get back on your feet.
3. Consider an EPF Withdrawal Although it is always best to leave your retirement fund untouched - sometimes a small withdrawal can help you free up cash for everyday survival until you can find a new job. EPF allows withdrawals for housing loans, select medical bills and education loans amongst others. If you have any of these payments weighing on you allow your EPF Account 2 to help out for a bit so you can focus any available cash to your daily needs. It is advisable to return this money to your EPF account (or any other retirement fund you have) when you are in employment again.
5. Take on Part Time/Freelance Jobs The perfect job doesn't always come sailing in the moment you will it but holding out for as long as you can for something good isn't a luxury most of us can afford. In the meantime, you can always take less than lucrative part time jobs or freelance assignments to make ends meet. Losing a job is never an easy thing to deal with especially when you aren't financially prepared. The process of starting over may take a longer time than you initially expected. But you are not completely helpless! Take a breather, follow these tips and before you know it, you will be starting a new job!
D E E N ! K R WO
Credit Cards + Personal Loans + Home Loans + Car Loans + Insurance + Internet. This was brought you by Ilyah Jamalludin from RinggitPlus.com. RinggitPlus compares credit cards, personal loans and home loans to help Malaysians get more for their money. Disclaimer: This article is for information only. Nothing in this article is an endorsement, recommendation or suggestion of any banking, monetary or financial institution, product, service or security, in any form whatsoever. It is not, and shall not be construed as, an offer (that is capable of being accepted) of any credit card, or a solicitation or invitation to purchase or otherwise deal with any credit card issuer. The reader must obtain independent and appropriate financial, legal and other advice before dealing with any credit card issuer. This article does not constitute financial, legal or other advice. The views expressed are the writer's own, and do not reflect or incorporate the views of any entity within the Ascension Lab or Saving Experts Sdn. Bhd entities. Nothing in this article binds or incorporates the views of any Entity, or creates legal relationships between the reader and any Entity.
22
SEPTEMBER 2015
Top Product Tables
Bank
Product Name
Min. Income
Interest Rate
Effective Rate
Monthly Repayment
Interest Paid Over 1 year
Type
Bank Rakyat
Bank Rakyat Pembiayaan Peribadi-i Rakan Pintar
RM1,000
3.27% p.a.
5.98% p.a.
RM861
RM332
Unsecured Islamic Loan
BSN
BSN SKAP
RM3,000
3.49% p.a.
6.38% p.a.
RM862
RM349
Unsecured Loan
Bank Islam
Bank Islam Flat Rate Personal Financing-i Package
RM2,000
4.99% p.a.
9.09% p.a.
RM875
RM500
Unsecured Islamic Loan
Agrobank
Agrobank AgroCash-i
RM3,001
6.79%p.a.
12.31%p.a.
RM890
RM679
Unsecured Islamic Loan
Alliance Bank
Alliance Bank CashFirst Personal Loan
RM3,000
6.88%p.a.
12.47%p.a.
RM891
RM692
Unsecured Loan
Bank
Product Name
Min. Income
Interest Rate
Effective Rate
Monthly Repayment
Interest Paid Over 3 years
Type
Bank Rakyat
Bank Rakyat Pembiayaan Peribadi-i Rakan Pintar
RM1,000
3.27% p.a.
6.18% p.a.
RM305
RM980
Unsecured Islamic Loan
MBSB
MBSB Personal Financing-i
RM3,500
3.40% p.a.
6.42% p.a.
RM306
RM1,020
Unsecured Islamic Loan
BSN
BSN SKAP
RM3,000
3.49% p.a.
6.58% p.a.
RM307
RM1,047
Unsecured Loan
Ambank Islamic
AmBank Personal Financing-i
RM1,500
4.30% p.a.
8.05%p.a.
RM314
RM1,304
Unsecured Islamic Loan
Public Islamic Bank
Public Bank BAE Personal Financing-i
RM2,000
4.99% p.a.
9.29% p.a.
RM319
RM1,484
Unsecured Islamic Loan
Bank
Product Name
Min. Income
Interest Rate
Effective Rate
Monthly Repayment
Interest Paid Over 5 years
Type
MBSB
MBSB Personal Financing-i
RM3,500
3.40% p.a.
6.36% p.a.
RM195
RM1,700
Unsecured Islamic Loan
Bank Rakyat
Bank Rakyat Pembiayaan Peribadi-i Rakan Pintar
RM1,000
3.70% p.a.
6.89%p.a.
RM198
RM1,860
Unsecured Islamic Loan
BSN
BSN SKAP
RM3,000
3.79% p.a.
7.05% p.a.
RM198
RM1,895
Unsecured Loan
Ambank Islamic
AmBank Personal Financing-i
RM1,500
4.80% p.a.
8.81%p.a.
RM207
RM2,400
Unsecured Islamic Loan
Public Islamic Bank
Public Bank BAE Personal Financing-i
RM2,000
4.99% p.a.
9.14%p.a.
RM208
RM2,460
Unsecured Islamic Loan
Bank
Product Name
Min. Income
Interest Rate
Effective Rate
Monthly Repayment
Interest Paid Over 1 year
Type
Bank Rakyat
Bank Rakyat Personal Financing-i Private
RM2,000
4.95%p.a.
9.01%p.a.
RM875
RM495
Unsecured Islamic Loan
Alliance Bank
Alliance Bank CashFirst Personal Loan
RM3,000
6.88%p.a.
12.47%p.a.
RM891
RM688
Unsecured Loan
Mach by Hong Leong Bank
Hong Leong Mach IOU Personal Loan
RM2,000
7.00%p.a.
12.68%p.a.
RM892
RM704
Unsecured Loan
Al-Rajhi Bank
Al-Rajhi Personal Financing-i
RM5,000
7.50%p.a.
13.57%p.a.
RM896
RM750
Unsecured Loan
Bank Islam
Bank Islam Personal Cash Line-i
RM1,500
7.85%p.a.
14.19%p.a.
RM899
RM785
Secured Islamic Loan
Min. Income
Interest Rate
Effective Rate
Monthly Repayment
Interest Paid Over 3 years
Bank
Product Name
Type
Bank Rakyat
Bank Rakyat Personal Financing-i Private
RM2,000
4.95%p.a.
9.22%p.a.
RM319
RM1,485
Unsecured Islamic Loan
BSN
BSN Executive-1
RM5,000
5.59%p.a.
10.36%p.a.
RM324
RM1,677
Unsecured Islamic Loan
Alliance Bank
Alliance Bank CashFirst Personal Loan
RM3,000
6.88%p.a.
12.62%p.a.
RM335
RM2,064
Unsecured Loan
Hong Leong Bank
Hong Leong Personal Loan
RM2,000
7.10%p.a.
13.00%p.a.
RM337
RM2,130
Unsecured Loan
Al-Rajhi Bank
Al-Rajhi Personal Financing-i
RM5,000
7.50%p.a.
13.69%p.a.
RM340
RM2,250
Unsecured Islamic Loan
Min. Income
Interest Rate
Effective Rate
Monthly Repayment
Interest Paid Over 5 years
8.27%p.a.
RM204
RM2,245
Unsecured Loan
Bank
Product Name
Type
BSN
BSN Executive-1
RM10,000
4.49%p.a.
Bank Rakyat
Bank Rakyat Personal Financing-i Private
RM2,000
5.44%p.a.
9.90%p.a.
RM212
RM2,720
Unsecured Islamic Loan
Alliance Bank
Alliance Bank CashFirst Personal Loan
RM3,000
6.88%p.a.
12.31%p.a.
RM224
RM3,440
Unsecured Loan
Hong Leong Bank
Hong Leong Personal Loan
RM2,000
7.10%p.a.
12.67%p.a.
RM226
RM3,550
Unsecured Loan
Citibank
Citibank Personal Loan
RM4,000
7.90%p.a.
13.96%p.a.
RM233
RM2,370
Unsecured Loan
23
SEPTEMBER 2015
Top Product Tables
Bank Name
Product Name
FD Type
Minimum Deposit
Advertised Interest Rates
Effective Interest Rates
Interest on RM50,000
Depositor’s Insurance?
Affin Islamic Bank
Affin Islamic Term Deposit Plus-i
Standard
RM10,000
3.48%
3.48%
RM145
PIDM
MBSB
MBSB Fixed Deposit for 49'ners Club
Standard
RM1,000
3.40%
3.40%
RM142
MBSB
Bank Rakyat
Bank Rakyat Term Deposit Account-i
Standard
RM5,000
3.40%
3.40%
RM142
DFIA
Bank Islam
Bank Islam Term Deposit-i
Standard
RM1,000
3.30%
3.30%
RM138
PIDM
Maybank Islamic
Maybank Islamic Fixed Deposit-i
Standard
RM5,000
3.25%
3.25%
RM135
PIDM
Bank Name
Product Name
FD Type
Minimum Deposit
Advertised Interest Rates
Effective Interest Rates
Interest on RM50,000
Depositor’s Insurance?
RHB
RHB Ordinary Fixed Deposit
Standard
RM10,000
3.85%
3.85%
RM481
PIDM
Affin Bank
Affin FDPLUS2
Standard
RM5,000
3.80%
3.80%
RM475
PIDM
Bank Rakyat
Bank Rakyat Term Deposit Account-i
Standard
RM500
3.70%
3.70%
RM463
DFIA
MBSB
MBSB Fixed Deposit for 49'ners Club
Standard
RM1,000
3.45%
3.45%
RM431
MBSB
Bank Islam
Bank Islam Term Deposit-i
Standard
RM500
3.35%
3.35%
RM419
PIDM
Bank Name
Product Name
FD Type
Minimum Deposit
Advertised Interest Rates
Effective Interest Rates
Interest on RM50,000
Depositor’s Insurance?
OCBC Bank
OCBC Local Deposit Deal
Standard
RM10,000
4.00%
4.00%
RM990
PIDM
RHB Islamic
RHB Islamic Commodity Murabahah Deposit-i
Standard
RM10,000
3.95%
3.95%
RM987
PIDM
Bank Rakyat
Bank Rakyat Term Deposit Account-i
Standard
RM500
3.90%
3.90%
RM975
PIDM
Affin Bank
Affin FD Plus
Standard
RM10,000
3.78%
3.78%
RM945
PIDM
MBSB
MBSB Fixed Deposit for 49'ners Club
Standard
RM1,000
3.55%
3.55%
RM888
MBSB
Bank Name
Product Name
FD Type
Minimum Deposit
Advertised Interest Rates
Effective Interest Rates
Interest on RM50,000
Depositor’s Insurance?
RHB Islamic
RHB Islamic Commodity Murabahah Deposit-i
Standard
RM10,000
4.10%
4.10%
RM1,538
PIDM
AmBank
AmBank Conventional Fixed Deposit
Standard
RM10,000
4.10%
4.10%
RM1,538
PIDM
Bank Rakyat
Bank Rakyat Term Deposit Account-i
Standard
RM500
3.95%
3.95%
RM1,481
DFIA
Affin Bank
Affin Bank FD Plus
Standard
RM10,000
3.83%
3.83%
RM1,436
PIDM
MBSB
MBSB Fixed Deposit for 49'ners Club
Standard
RM1,000
3.65%
3.65%
RM1,369
MBSB
Bank Name
Product Name
FD Type
Minimum Deposit
Advertised Interest Rates
Effective Interest Rates
Interest on RM50,000
Depositor’s Insurance?
Public Bank
Public Bank Plus Fixed Deposit Account
Step Up
RM20,000
4.30%
4.175%
RM2,088
PIDM
Bank Rakyat
Bank Rakyat Term Deposit Account-i
Standard
RM500
4.10%
4.10%
RM2,050
DFIA
Affin Islamic Bank
Affin Islamic Term Deposit Plus-i
Standard
RM10,000
3.89%
3.89%
RM1,945
PIDM
Agrobank
Agrobank Fixed Return Investment Account-i 45 Plus
Standard
RM1,000
3.70%
3.70%
RM1,850
PIDM
Mach by Hong Leong Bank
Mach Fixed Deposit
Standard
RM1,000
3.60%
3.60%
RM1,800
PIDM
FIND & COMPARE
FIXED DEPOSITS
THAT GIVES YOU MORE FOR YOUR MONEY.
24
SEPTEMBER 2015
18-20 SEPT 2015 Mines International Exhibition Centre Seri Kembangan, Selangor