200k.

they are giving 6.5% interest rate pa?

www.asnb.com.my

min 7% since 1990

For Maybank, only ASB and AS1M are available to be added... Mine was done within the next working day...

ASB offers the best interest rates compared to other ASNB funds. Last year they gave out 7.65+1.15 = 8.80%.

indeed they are

btw, i wonder why it is not open to the chinese

If government open for Chinese, it should be sold 10 billion units not more than 2 week at least. Since in the past, other Amanah Saham which offer 0 % sales charge and fix fund units can sold out almost 500 million units in less than 24 hours after announced for Chinese quota.

I will buy 20,000 units directly if it happens!

This post has been edited by adolph: Oct 12 2012, 11:15 AM

Native rights? But the question here is are the natives really natives of Malaysia?

native rights aside... i cant figure why they dont sell to the chinese. i'm pretty sure we will sapu it in no time.

my take is that, the chinese are smart and dont mind to withdraw anytime in big sums. and because the gov have the habit to make our money seem like disappear somewhere questionable, this will pose problems a problem for them. its not unknown that gov funds for example epf have questionable accounts. so investors who obediently park their money long term works best for them. worse that happens is all those money only remain as numbers in their deposit booklets. hard to see that day come as it will throw the country into riots, it is still something to ponder

This post has been edited by doneright: Oct 12 2012, 12:16 PM

Yes thats true. But i think the main reason is because of the high returns of ASB, the Gov wants to be seen as giving more 'exclusive' rights to a selected race. If it were open to all, then the effect of exclusivity is lost. But in reality, its mainly the higher income groups and some of the middle income ppl who are clearly benefiting from ASB. Hence, the rich get richer while the poor remain poor.

Found out that ctually any places can get u the units amount you want, it all depends on the willingness of the teller and the time (many ppl at bank queue or not). And it is not easy to get units by 1 try or even 10 tries, u need to find someone who willing to spend the time n energy for u, tht they r not busy (too many people), and their heart is willing to help. If not, it's doomed. Of course, if they click once, 90% won't return any success. It is very repetitive, keep on tapping and tapping to refresh, but if u found a willing teller, they can get you the units u want, within maybe 15-20 minutes, not in 1 transaction, but multiple transactions if your amount is large. Most of the time, the unwilling tellers will (in order of 'un-helpfulness'):
a) Try once and give u the easy answer "No Units". May even mock you for telling them to try amounts like 2k or 3k, bash you with liners like "You'd be lucky to get even 50 units!"
b) Try a couple of times, stops and then tell u no units.
c) Try harder than (b) until at least 1 transaction is successful, even if not up to the amt u want, just finish the transaction and ask u to fill up form.
d) Willing to try incrementally (multiple transactions) until it gets to the amount you want. Then only call you up to fill forms etc. (This is the really rare gems to seek for).

Of course, if you have connections, family/relatives working as tellers, it'd be so much easier, I saw stacks of ASW/ASM passbooks at one teller and I asked them, they said, it is for their staff only (probably family and relatives as well), they told me they don't provide outsiders the service to put your books thr and they try to search units for you.

speaks volumes about the difficulty to top up

glad i'm not one of them.

i thought anyone (eligible) can buy any time?
with a promise of such high returns, its easy to get people deposit large amounts of money. plus, they give loans to those who want to max out their ASB.

while the math seems right, the fundementals does not. it can only sustain itself until that far.

Max 200K capital investment. Many of those who have not maxed out, dont quite know about loan schemes to invest in ASB. But even with the loan, your net profit is about 2-3% only.

I was trying to add my ASM & ASW2020 as favourite account in CIMB clicks this morning AGAIN. Can't remember how many times i tried and get rejected !! Know what, this time i manage to get it THROUGH !!!!!! I went to Maybank to update my AS1M passbook this afternoon, at the same time try to add more units (for AS1M, ASM, ASW2020), but it was FULL, as usual.

This post has been edited by jacklew77: Oct 12 2012, 04:36 PM

I did the first "Add Unit" from CIMB clicks this morning for my AS1M. See tomorrow got any good news or not. They charged RM1 for one transaction regardless successful. It is worth for trying rather than driving to the bank.....parking fee, petrol, time, some more need to carry cash.......

This post has been edited by jacklew77: Oct 12 2012, 04:36 PM

When did you open your ASNB account?

Several year ago?
Kinda envy you, at least you've the account and already began, I can't even opened account even there's units that can top up.

Most agents from bankers and Pos office told me to tried my luck after yearly dividend announced, but the chance are extremely low. They told me 2nd option, try it in the early of new year, as chance of fund size will be add

This post has been edited by adolph: Oct 12 2012, 04:57 PM

Paying RM1 for a chance to get AS1M is like buying Toto lah... But Toto can get a few millions

What is the minimum & maximum units that you are allowed to purchase through CIMBClicks ?