I took a saving plan by HLA. Look out for it, I think it's still available. Minimum lock in, 6 year. Return quite high.

TS dah la cakap 6 - 10 years and you go babbling about liquidity risk.

There's a guaranteed return, average to 6.9%/annum. Interest applied on this amount if you don't do withdrawal on it. There is also dividend, but forgotten the rate. My last calculation based on best rate, it could go up to around 9.7%/annum.

Yes, withdraw after completed 6 years tenure. It was backed with PIDM as well.

I did the calculations. Only those that don't understand it said it's a myth.

I've already said, average to 6.9% per annum. Not including dividend.

I wasn't told it was 30%. Just said up to 10% per annum return. This would have to include dividend (max rate) along with compounded interest.

Like I said previous, I did the calculations and it's there. But I haven't check what's the dividend I'm getting though. Will treat it as a way to force my savings. The extra interest over FD is a bonus.

Was definitely told about the early withdrawal penalty. The agent is quite clear on the details with me. So I was ok with it.

FD won't be affected by inflation? If you're discipline enough not to touch the FD once it's matured, then it's ok. It's your own choice.

Sounds different. Mine min must save for 6 yes I order to get the return tabled out. And it's fixed amount per year savings.

To get the best rate, just withdraw once the contract is due. Cause if leaving the savings with the running rate, the interest is not that high. Take it out, reinvest again in similar saving plan.

Their selling point was, "this is the final deal already". But manatau 2 yes down the road I'm still seeing similar plans by HLA, albeit slightly different rate (lower already I think). But if do it every 6 years, the rate is considered high. Definitely better than FD.

Anyway, do your own calculations. You'd know what's best for yourself.