kononnya, is every year oso yield the guaranteed interest.

but actually kononnya the guaranteed interest is higher than the actual annual interest rates.

i havent sign up for one but, i feel the package offered is pretty much a good inflation hedger.

but things to consider is: how stable is HL bank. yes indeed. an established bank in malaysia. but during the pass 10years, how many local banks went into merger & acquisitions?? how can we guarantee that HL bank wont go into the same footsteps in the next 10-35years to come?? and what will happen to our invested money IF... IF that day really came into reality??

p/s: cash builders / other type of savings plans offered by many other banks and so on so forth financial institutions / insurance company are ACTUALLY ways to persuade people to deposits money into their banks / institution. its not scam, but basically, the more deposits in a bank, the stronger the instituition & the more revenue they generate. vice-versa

personally, i think HLA cash builder is one of the best inflation hedgers in the market - CURRENTLY. but ther's other factors to consider as well other than jus putting a lumsum of money into a bank awaiting for future yield.
indeed, GUARANTEED annual yields. but GUARANTEE that HL wont fall in the next 10-30years?? a good example: earlier this year - citibank

conclusion: WHY NOT?? its a good package. i would say its better than any FDs in the market or any other GIA (general investment accounts). dun compare with other high risk high return investments (forex, etc)

personal preference applied

This post has been edited by ahnien: Nov 18 2009, 11:44 PM

well.. the society norm is...

let say ther's a bad reputation for a sales person representing the bank. the bank actually takes the faults
people will talk bout how bad the bank service is... not how bad that particular sales person is..

so front liners representing banks are very imporant reputation & relationships builder.

This post has been edited by ahnien: Nov 19 2009, 06:04 PM