Ive been waiting for this ASB2 for a long time. But my concern is how would the dividends be? Same as ASB2? Any idea?

Just get him to fill up the authorisation form at the bank and sign it off. They arent bothered really. As long as they have a piece of paper they can use to cover themselves in case of a complaint, they will be fine.

This was discussed before. The 200K refers to the maximum actual deposit in the account. But you can accumulate dividends beyond the 200K.

Not really true. The 200K limit refers to the maximum amount you can physically deposit into the account. That doesnt change. Once you reach that limit, you cannot pump in any more cash but you can accumulate dividends (unlimited).

Yes but that limit of 500K is 'obtained' based on the dividends accumulated right?

So if the account holder has maxed out his account at 200 or 500K, he cant put in any more funds and only has the dividends to accumulate.

No what he withdraws, he can always put back.

it is correct and incorrect in a way.

As you say, the 200K limit is the default limit and this refers to the actual amount you can physically deposit into the account. But if you accumulate dividends over the years and your total balance becomes say 300K, then this becomes you new balance but u still cannot input any more funds into your account unless you take some out first.

So for those who have maxed out their accounts, your balance increases over time (as long as you do not withdraw) but you cannot input any more funds either. Your new account limit will then correspond to the max balance in your account.

Yes, was considering. Just unsure if the dividends will be as good as ASB1. But ive got more than 1 account for ASB1 so still ok for now.

If ASB1 gives 7.70%, how much do you think ASB2 can offer?

How many have invested in ASB2?

But we can only open ASB2 when we fulfill either one of 2 criterias right?:

1) below 34 yrs of age
2) maxed out ASB1

Wow! Thats a high interest rate.

So ull end up paying about 4.95% for an ASB loan and with the BLR expected to go up soon by 25 basis points, we would be looking at BLR 6.85 - 1.45 = 5.40%. Assuming ASB2 dividends are 7.70%, your nett profit is only 2.3%.

Darn!

Why would you dump into AS1M when you have ASB2?

Bonus is calculated as a average over 10 years.

So the actual rates are BLR-1.45% + 0.3%?

Whats the returns for AS1M?

Finally opened ASB2 yesterday at Maybank. But didnt see the additional 10 units? Is that credited at the end of the financial year?

What kind of returns can be expect from ASB2? Would it be as good as ASB1?

So you think returns would be lower than the 7.7% ASB offers currently?

There are numerous funds by CIMB, Hwang, etc out there. Which of these funds would you recommend for me to invest in besides ASB? I want better returns but im also prepared to accept more risk.

Can someone advice me?