Can i know which bank saving plan is good ? Juz need tenure 6 - 10 years. Only for saving coz insurance plan ord have

This post has been edited by samsungXP: Apr 15 2018, 02:18 AM

The best is put ur own fd

Every month u put 1000 fd for 12months

Saving plan is actually jus taking ur money n buying unit trust for u. U can jus buy ur own unit trust

But every month target save rm300 - rm500.FD min rm1000

Hmm i would suggest u putting in unit trust. But i guess u are not a investment person? Jus wanna put fd n zero risk?

Maybe can put fd every 2 months then.. 500+500

But saving plan interest more higher

Higher interest comes with higher risk.

No free lunch there.

Maybe in the form of a lock period which is a form of liquidity risk.

Give money to parents

Masuk SSPN la. 4% yearly. Got rebate for income tax summore.

anyone can masuk?
got age limit?
uncle old already...

If really uncle then good. Open under your kids name la.

I myself open two accounts. Summore this year got free rm500 grant for kids 7-12 years old.

whut is this

Which bank ?

Put Insurance, free insurance somemore

But alot say, insurance is insurance. Don't mix the up?

Nowadays got short term pay to maximise protection and investment

Ord have insurance plan

the best is asb.

if not eligible, maybe can pm for deal

Instant 24%++ annual return if you dump into SSPN (in a form of tax rebate), if your annual income is 100k and above (tax bracket @ 24%+)

But max is 6k laa.

And only valid for 2018, 2019 and 2020 - meaning got 3 more tax assessment years, unless gomen extends it further

Caveat is you need at least 1 kid, and it is hard to cash out till the kid is 18 yrs old

also, if you earth prince then got ASB as well maa. ~7% annual returnz risk-free, tax-free, and no fees

This post has been edited by ketupatlazat: Apr 15 2018, 11:14 PM

You dont know about sspn? Education fund for ur kids

Wat is the min tenure