can describe more on ASB?

What kind of description do you look for?
Amanah Saham Bumiputera is like a unit trust, but it is managed by the government through Permodalan Nasional Berhad (PNB)

Price per unit is fixed at RM1.

Every year end they will declare dividend, which is roughly around 8%.

So, if you put RM10k in ASB starting from January, next year you'll get around RM800 in dividend.

Now, that's a lot of Venti-sized frappucino....

ASB is short for Amanah Saham Bumiputra.

It is a fund scheme that is exclusively limited to the Bumiputra. Think of it as a unit trust fund, like the ones from Public Mutual and CWA.

However that's as far as the similarity ends, its price per unit is fixed at RM1.00. You purchase your units in Ringgit, RM1 for 1 unit. When you want to sell it off, it is also RM1 for 1 unit. All this without any buying/selling fees.

Since the unit price is fixed, there is no capital gain for unit holders. They get their returns in the form of dividends that are given at the beginning of the year for investments/deposits made in the previous year, calculated based on each month's lowest balance.

The dividend of 8.5% is quite high but is still lower than returns generated by other fund companies in the past 10 years or more (depending on the fund companies). A typical unit rust fund from one of the top company can generate annualized return of 10% per annum. ASB, has a lower return than that, but hey, it is super stable.

Even during economic recessions and downturns (1997 and 2008) ASB kept on giving dividends, unlike unit trust funds that follow the market -market goes down, your unit price follows.

FInally, your capital is guaranteed by PNB (the manager of the fund). In the worst case scenario you would get back your capital. At least that is what they claim la.

so only bumi can buy this ? hmm.... for normal ppl, what similar product available....

hahaha dude, dont like that la. Everyone also normal people. Bumi advantage not that much pun. Most Bumis dont fill their RM200k quota anyway.

If you are keeping the money for long term, unit trust in equity funds may be more suitable due to its higher total return over the years compared to ASB. IF you are keeping the money for short term or chooses not to risk losing your capital, you can invest in bond fund in unit trust, it gives an annualized return of about 6% over the past 10 years

If wanna talk about ASB & others ASNB funds please do post HERE

Noted. Sorry about that. Everyone, lets move the discussion or questions to the other thread.

Let's keep the thread clean.

Anyone have tried to withdraw money using Maybank ATM card in overseas and are the ATM asking us whether to withdraw from M2Usavers or savings account? what i mean is it same like us withdrawing from Maybank ATM in Malaysia? how about withdraw from other bank MEPS ATM?

As far as i'm concerned, only the money in your savings account can be withdrawn. There is no option for you to choose which savings account you want to withdraw your money from. I personally have tried this in Hong Kong just 2 months ago.

I have also tried using my MBB ATM/VISA debit card to withdraw money from other local bank's ATM and i was not given the option to choose which savings account i want to withdraw my money from. I had to manually transfer the money from my M2U Savers to my Wadiah Savings through Maybank mobile app.

thanks milesandmore

Today I logged in to my M2u to check... But my M2U Savers-i account can't check! It says Information not available ..

What happen? >.<

Now still cannot?
If cannot, u better call maybank to check

Now can already guess just now system error

Maybank2u Savers interest rate now revised!

Credit Balance	Nominal Rates	Effective Rates
RM2,000 to RM50,000	2.25% p.a.	2.27% p.a.
Above RM50,000	2.45% p.a.	2.48% p.a.

Source: Maybank

This post has been edited by cybpsych: Jul 18 2014, 05:58 PM

Great. I have just opened an account last month. Previously 2.1% is nominal right?

for maybank saver need to install money every month???

no need!

as long as your daily remaining balance is >RM2,000 (savers), interest of 2.25% p.a. will be calculated over that remaining balance.

it's literally earning daily interest by just maintaining a balance of RM2,000.


if that particular day's balance is <RM2,000, no interest will be given.

Is savers-i better than savers?

Don't quite understand the 5/95 rate explanation.

M2U Savers-i
Balance Band Profit Sharing Ratio (PSR)
Depositor Bank
Below 2,000 5 95.0

M2U Savers-i *
Balance Band Indicative Dividend Rates (%)
Below 2,000 0.40
Up to 50,000 2.25
Above 50,000 2.45
Up to 50,000 5 95.0
Above 50,000 5 95.0

sound interesting !

Prefer savers coz it offer higher int rate
5/95 is profit sharing ratio between client n bank