Where to place 6 months buffer?

[onedreamergirl]

I've seen it said a few times in this forum that we should keep a 6 months monthly expenses buffer before even considering investing. So my question then is, where should we place the 6 months buffer?

My thoughts are that:

1. The 1st three months buffer should be in something that yields interest but has no lock-in, e.g. GXBank (3%), GO+ (3.45%), anything else? There's Versa Cash also, but withdrawals are not instant.
2. The 2nd three months buffer can be in something that yields higher interest like FDs. The problem with this part then is which FD to invest in? It seems that banks are always throwing promos, so does that mean we should just keep hopping between banks? The promos I've seen lately are OCBC EIR 5% and UOB EIR 3.6-4%. Any others?

 

[sparklingangel]

@onedreamergirl Asnb fixed price funds. As liquid as FD and higher rate

Bumi - ASB, ASB 2 or Asb 3
Non- ASM, ASM2 or ASM3

 

[onedreamergirl]

@sparklingangel Thanks for the suggestion. I've looked into it, and it seems that they aren't that liquid? The monthly online withdrawal limit is RM1k, for anything more I need to go over the counter. Is that your understanding also?