Oh insurance not for investment bro

There is pure investment plan from insurance company that targets global equities.

whats the limit the account can open ?

say

mother + son - mbb,rhb,cimb,ocbc,

father + son - mbb,rhb,cimb,ocbc,

rm50k each account

possible ?

50K can

In my opinion, there is no "Best Saving Account".

Every plans or accounts out there have their pros and cons. Ultimately, you will need to know what is your final goal or objective of savings.

Some say Plan A is the best, but that is for long term. So if your objective is short term, Plan A will be a nightmare.

Some say Plan B is the best, but that is for short term. So if your objective is long term, you lose all opportunities of a greater gain.

In conclusion, know what is your need/objective first before looking for a "Best saving account".

Hi, no it is not. Easy has better rates and non-withdrawal bonus. I made a mistake opening RHB Jr at 1st, but later switched to Easy

Hi MyVi. I opened the easy account but seems I only get a piece of paper stating my account number. Do u have a passbook or online account? Cos if dub have anything how to check balance right

Hi sorry for the late reply. Ya, same here. Only paper with acc. no. To check balance either need to have Adult RHB acc or through ATM if im not mistaken. RHB does however send sms every month end on the balance.

Guys, mind sharing.
What is FD, GIA and Dormant?
Thanks

Public Bank use to have one of the best for children.

What bout sspn ?

Theres also tax relief of rm6k too...

Dun like my money tie up by gommen. Cant be trusted until there's a change

why bother with a childs savings account? just throw in the money in any KLSE bluechip, they are all 6-8% yield.

Such as which company?

I just try withdraw from easy account quite leceh la. Need write purpose of withdrawal and your job and position. Somemore the teller tell me transfer to bank need charge rm2.10. U got face same prob with withdrawal?

I haven't try to make any withdrawal yet but from what you have gone through, it's indeed very troublesome if need to write the job and position plus need to pay RM2.10 to transfer to bank. Anyone has tried withdrawal before with RHB Easy?
Back to topic, few months back when I did my research, I found out that RHB Easy has the best junior savings account after taken into consideration the base rate, non withdrawal and monthly growth bonus.
Any idea how to monitor the account better apart from receiving letter from the bank quarterly?

Yes they got Best rate but hassle if save like 100k then want take out? So far I tried 1 time is ok la but only take 500. They also got send me sms once a month to update me on my balance.

This post has been edited by ic no 851025071234: Jul 2 2016, 01:39 PM

Wah new rules???

Make withdrawal need pay rm2.10??? For wat charge?

Last time i withdraw and dump all in promo hl fd4.5 % but no charge.

So far no withdrawal done. But maybe the point of the account is not to withdraw as and when required, so they put in place a "leceh" method kot.. That is why they giving non-withdrawal bonus too.

Ya I know but just to test water. Imagine u save until have 200k then want take out time they have all the silly rules make u can't take out own money.