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

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

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.

Put Insurance, free insurance somemore

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

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

I calculated saving plus plan before, better you keep in FD. FD accumulated interest plus shorter maturity period, Saving plus plan fixed interest at 3 %, usually with few years maturity period. Your accumulated interest in few years definitely higher than saving plus plan i tell you.