The only way you will know is go to the counter and ask how much I have inside. There are no limit in place if you withdraw to your account.

No such thing as inactive account. Ask the officer before. If I never topup/withdraw for >7 years, nothing will happen to my money right?
Ans : nothing.

Yup. Most likely they will just ask you to change book. That's all. Go to nearest post office/rhb/maybank/cimb bank. No need to go ASB office

This post has been edited by Ramjade: Sep 9 2015, 11:02 PM

Bear in mind that unit trust is bleeding now due to bad economy. As far as I know, ASW2020 still give good returns. Many people lose money by simply following agent advise. Agent only care about commission. Each transcation you do through them, they earn 2% regardless you make a loss or profit.

And yet, you don't see ASX bleeding yet. Wonder could it be their reserve or "don't worry, be happy"? If is their reserve, how many rounds can their reserve last? 5 years or only 2 years?

My guess is 3-5 years MAX. Cause they are saving like 2-3%/year.

If like you say 19 years of reserve =

15 years of savings say 3% (minus 4 years of bad economy) = 15 x 3 = 45%/6 (assuming asw give 6%) = 7.5 years of reserve.

This post has been edited by Ramjade: Sep 10 2015, 12:13 AM

Ha, I don't trust those insurance plan. Why? Someone have shown that their profit is ~3%. Better put promo FD. Can get 4.x% Another thing is insurance agent only want free holiday, new house, new car from you. Better off with FD, FSM or even ASX

Saving plan is for those who have no discipline to save. Show me one plan that is able to beat FD rates of 4.2% p.a (don't give me future predictions) but one with a consistent 5 years track record of giving more >4.2%p.a

That's what joint account is for. In case one were to land up in hospital (ICU) or died, the other pserson should quickly remove all the money inside the FD to ensure that the bank doesn't freeze the account before posting getting any death certificate.

Show us some proof please. 10 years record also can if got no 5 years proof. There are some FD which pay you monthly. Take BR 5 years at 4.55%. They pay you monthly.

Is it possible to write a letter of authorization and allow someone to withdraw on my behalf? Of cause with fingerprint beforehand.

I thought can. So in case they really change to VP, at least my mother is able to withdraw all out.

Cause I thought like bank like that. I can sign, thumbprint before hand and give them a letter telling them on this date, can transfer my matured FD money into this account.

ASW2020

smartinvestor01 confirm old book. I saw kwong yik finance, bank bumiputra. those banks do not exist anymore

Really? if you look at fd thread, some people put Rm500k fd one shot.

Hansel If somehow ASM stays as FP and tax exempted is extended, will you try to buy back the units you sold? Or you will move on?

This post has been edited by Ramjade: Sep 12 2015, 11:50 PM

Well it will only die after 31st December 2015

Main reason we all put money inside ASX is because it is FP.

But I thought the dividend already been determined 1-2 months ago? Anything can happen before dividend is given out.

Unkle dreamer's words coming true