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> U want to save money but FD interest is too low?, this is the thing u r looking for!

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stormlcc
post Jul 5 2009, 05:30 PM


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QUOTE(ChinHong86 @ Jul 5 2009, 02:54 PM)
i think i noe abt this plan....
if not mistaken shud be have to throw certain amount into UT then oni can keep into this savings....
correct me if i am wrong
i have frens working in this bank tooo
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what is UT?
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soccergod
post Jul 5 2009, 11:17 PM


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QUOTE(stormlcc @ Jul 5 2009, 03:30 AM)
what is UT?
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I am not from your field but UT means Unit Trust for me.
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stormlcc
post Jul 6 2009, 01:14 AM


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QUOTE(soccergod @ Jul 5 2009, 11:17 PM)
I am not from your field but UT means Unit Trust for me.
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IC IC, nope, no need to buy any unit trust, this is not any kind of investment plan, just for savings
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YuNGSeNG
post Jul 8 2009, 05:44 PM


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Mind to meet for general talking in my office ? My office in Menara Keck Seng (near pavilion). Let me know when you are free, and I try to adjust my time.
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gslearning
post Jul 13 2009, 01:22 PM


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prudential pru cash thing? sweat.gif
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stormlcc
post Jul 13 2009, 02:58 PM


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QUOTE(gslearning @ Jul 13 2009, 01:22 PM)
prudential pru cash thing?  sweat.gif
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nope
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flight
post Jul 16 2009, 11:11 AM


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I don't want to be rude or anything, but doesnt this sound like a scam? There is no transparency, no information, nothing. From an unknown bank being done by unknown people and u guys are considering putting ur savings into it?
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stormlcc
post Jul 16 2009, 08:28 PM


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QUOTE(flight @ Jul 16 2009, 11:11 AM)
I don't want to be rude or anything, but doesnt this sound like a scam? There is no transparency, no information, nothing. From an unknown bank being done by unknown people and u guys are considering putting ur savings into it?
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i would explain everything to you face to face, not on the internet. If you are interested, make an arrangement so that we can meet in a public place and you will be given every details. you won't have to pay or sign anything if you do not want in. Common sense pls, if it's a scam, i'll need u to invest your money first, then u'll get your "very high" returns every month or so to attract more ppl in. And there's no such thing as "unknown bank" because u either know the bank or it's not a bank at all.
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gregy
post Jul 18 2009, 04:08 AM


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QUOTE(stormlcc @ Jul 16 2009, 08:28 PM)
i would explain everything to you face to face, not on the internet.  If you are interested, make an arrangement so that we can meet in a public place and you will be given every details.  you won't have to pay or sign anything if you do not want in.  Common sense pls, if it's a scam, i'll need u to invest your money first, then u'll get your "very high" returns every month or so to attract more ppl in.  And there's no such thing as "unknown bank" because u either know the bank or it's not a bank at all.
*



Sounds interesting, but I have one question. What are the downsides to this type of savings plan? For such a potential high returns, there must be some kind of risk element involved, no? And, is this plan underwritten by any major insurance company?
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stormlcc
post Jul 18 2009, 05:30 PM


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QUOTE(gregy @ Jul 18 2009, 04:08 AM)
Sounds interesting, but I have one question. What are the downsides to this type of savings plan? For such a potential high returns, there must be some kind of risk element involved, no? And, is this plan underwritten by any major insurance company?
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the downside is u must prepare to put your money in the bank for at least 12 years to cover your cost, if u stop (terminate the contract) in the middle, you would loose money. you cannot touch your savings in this period, you can only take out the interest.

The money inside the bank is covered by bank rakyat, so if anything goes wrong (e.g bank bankrupts) bank rakyat will fork out the minimum sum of your savings, same as any bank in malaysia.
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megahertz
post Jul 18 2009, 05:34 PM


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deleted sweat.gif

This post has been edited by megahertz: Jul 18 2009, 05:34 PM
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vixe5kis
post Jul 24 2009, 01:16 PM


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QUOTE(stormlcc @ Jul 18 2009, 06:30 PM)
the downside is u must prepare to put your money in the bank for at least 12 years to cover your cost, if u stop (terminate the contract) in the middle, you would loose money.  you cannot touch your savings in this period, you can only take out the interest.

The money inside the bank is covered by bank rakyat, so if anything goes wrong (e.g bank bankrupts) bank rakyat will fork out the minimum sum of your savings, same as any bank in malaysia.
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hi bro..
can u pm me detail? cool2.gif
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wodenus
post Jul 24 2009, 03:05 PM


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I'll save you the trip, let us know what it's called and we can ask Bank Rakyat ourselves smile.gif
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super macgyver
post Oct 4 2009, 05:00 PM


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can msn me more details?
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