Well, this savings account is not for investment. If you have spare money that is laying around with nothing better to do, then at least you should've put it in the FD. You'll get 3% p.a.

If you are a Bumi, then put it in ASB. Get 8% p.a.

If you are feeling lucky, can go to casino.

But if you really wanna invest, then study up the stock market. That is where rich people make their money, aside from business and real estate.

Anyway, I personally just use this savings account to keep my cash for daily expenses. Any extra money will straight go into my stock market portfolio.

Yes, 2.1% annually is just almost nothing. But it is definitely more than 0.5% annually which I get from normal saving account. It does makes a different, but just a small one.

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.