Making Money From Investments Through The Kampung Way - Kampung Investor Dot Com

Standard Chartered introduced their latest Islamic All in one account called Saadiq Saver. Initially i had Standard Chartered eSaver savings account. I closed that account to open Saadiq Saver.

The Saadiq Saver is an All in one account because it provides :-

• Debit Master Card
• Cheque Book Facility
• Online Banking

The main reasons i opened this Saadiq account without hesitation is because :-

• 7% cash rebate at all petrol stations (maximum spending of RM 1400 per month)
• 5% cash rebate at 7 supermarkets/hypermarkets (maximum spending of RM 3000 per month)
• 2.5% interest rate for savings below RM 15000 and 3.4% interest rate for savings above 15000 (Computed daily)

The Saadiq provides better liquidity compared to Fixed Deposit. We will still earn interest as it’s computed daily. FD minimum also have to put one month.

The liquidity is important for me as when i need the money for investment (share market ^^) i can use it instantly.

Not only that, i still get to save some money from the petrol from my car. 7% wei… Who want to give? Imagine most people are paying RM 1.80 per liter but i am only paying RM 1.674

Even shopping or spending in hypermarket also get 5% discount. If i am not mistaken, Tesco, Giant, Jaya Jusco and also Carrefour are the hypermarkets in their list which will let us enjoy the 5% discount.

All good things must come to an end as this petrol and hypermarket rebate will last until 30th June 2009. Nonetheless, i still get to save some money during this recession period as every penny counts.

So far i am a happy client of Standard Chartered but Julie Lim from Here, There & Whatever … thinks otherwise about Standard Chartered. You can know why she’s mad about Standard Chartered as her blog title reads, Standard Chartered, You Suck! ^^

All in all, i say this is a very good account with outstanding offers (with time frame). So to johira, if you are looking for an account that gives slightly higher return compared to FD (Must be 15k above deposit) and flexibility, Standard Chartered Saadiq Saver is your answer.

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