But there are ASW2020 and ASD. The return is not that much different unless the total investment is in Millions. Therefore i think the minor difference in the return is negligible and ASW2020 and ASD would be your next best alternative as soon as you have used up your quota in ASB.

Yeah. The difference ain't that significant unless your total investment is a huge amount. Therefore, an extra quota of RM50k isn't going to make a huge difference. Anyway, i now have both ASB and ASW2020 and i am happy with both.

What ???? Just a few months ago there were still billions available.

He probably was pulling your legs.

The procedure is exactly the same as ASB. But unfortunately, i do not remember how it was like anymore since it was many years ago i turned 18.

Anyway, i am still using my original ASB teenage passbook that i've been using since 12. If i am not mistaken, i did go to Maybank to do something. Just go to any Maybank, CIMB Bank, RHB Bank, Pos Office or PNB Office and the staff there will advise you on what do you need to do.

Current 1 year FD rate is around 2.80% - 3.30% only.

How so ? Is this the first time you invested in any ASNB products ? Sometimes the dividend is only declared in the middle of the month and it's only 9/9/2010 now. May be after Raya they will announce the dividend.

Divided + bonus are credited into the account. By the way, not all ASB account holders are Malays. I am one such example

Yes. I am a Sabah Bumiputra and guess what ? I even have a Chinese surname And no. I am not a Muslim. I also do not practice any religion.

That is correct

ASB

Are you a Malay ? Or any other Bumiputra with English surname ? If you fall into either category, you can open the account at any Maybank, CIMB Bank, RHB Bank, ASNB or Post Office branches. If you're a Bumiputra with Chinese surname, you'll be advised to open the account only at ASNB office.

Your birth certificate and MyKad.

That is highly unlikely though.


Starting from 1/10 morning every year.

Confirm still sold out ? As far as i know, there were many Bumiputra selling back their units to ASNB in the last few weeks. Me being one of them

I think all Bumiputra in Malaysia will make sure their ASB is full first before considering other ASNB funds

Anyway, there really were many Bumiputra selling their ASW2020 in the last few weeks. So i kind of doubt ASW2020 is still sold out now for the Bumiputra portion.

Some of us are cashing out the dividend to use for our daily expenses.

Because some of us earn money through ASNB funds and actually use it and not simply for wealth accumulation as with the case of non-Bumiputra. The fact is that Bumiputra have more options. ASW2020 is not the only better fund ASNB has to offer. Bumiputra still have the ASD and now AS1M. Many Bumiputra sell theirs because they need to use the money. Be it for daily expenses or for emergency use. Anyway, most of the Bumiputra i know sell theirs because they need to buy a new set of sofa or a new seriously overpriced carpet hand made from the middle east for the upcoming festive celebration (examples only)

6.35%

Please refrain from posting misleading information. Some people might think this is the real one.