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 Ubb CASH TRUST 3 years nett 6-8% pa anyone?, UBB Amanah Bhd

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Mama Anas
post Nov 9 2020, 03:25 PM

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UBB crisis trust is no longer available. The min if I'm not mistaken offered during PKPP is RM30K.

UBB amanah cash trust minimum is RM60K. We offer to client not because of return. But only for the purpose of estate planning. In term of death event, this vehicle can cash out within 2 weeks. Early this year I saw my client get dividend around 5.5%. We not propose this for investment. However, it is very useful for estate planning because this one will not be frozen once passed away. I believe because under Trust Act. This one also can passed out to beneficiaries too.
Mama Anas
post Nov 9 2020, 04:15 PM

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QUOTE(MUM @ Nov 9 2020, 03:39 PM)
that is a very responsible kind of comment

this 5.5%pa dividend that you saw your client obtained is nett of all fees?

how long have you been with this company?

is 7%pa nett, the normal returns for either of this Cash trust or Crisis trust?

has either of these 2 trust (crisis & cash trust) given out 7%pa nett for the pass recent few years continuously?

when have this crisis trust ceased to exists?

what is the current nett pa return rates given out for the cash trust?
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My advisory client checked his saving account in front of me, he received more than RM3.5k.. which I recalled more than 5.5% just after one year, on his anniversary date. He put only one year.

Crisis trust is similar, however promoted to clients who previously not afford to dump min Rm60k.

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How long have been? More than 3 years

 

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