May 24 2022, 10:26 AM
As a new lowyat user I can't post the link here but you can try Google a latest writeup by The Edge on dubious cash trust scheme. You can search under title: SEVERAL CASH TRUSTS SAID TO BE PONZI SCHEMES.
Hope it helps.
QUOTE(guy3288 @ Jul 2 2019, 06:32 PM)
Hello frens,
An ex bankers recommended this Ubb Trust to me
Its new to me as i never had any trust account.
This particular product is called Cash Trust.
www.cashtrust.my
www.ubbamanah.com
Their fee is 3.5% pa , seems quite high
yet it says NETT return assured 6-8%pa for 3 year tenure product,
min RM60k capital guaranteed,
She said it has benefits that FD do not provide in
death claims, bancrupty etc..
Any of you guys have Trust account with Ubb,
are they reliable?
I am tempted to try as FD rate is getting lower..
An ex bankers recommended this Ubb Trust to me
Its new to me as i never had any trust account.
This particular product is called Cash Trust.
www.cashtrust.my
www.ubbamanah.com
Their fee is 3.5% pa , seems quite high
yet it says NETT return assured 6-8%pa for 3 year tenure product,
min RM60k capital guaranteed,
She said it has benefits that FD do not provide in
death claims, bancrupty etc..
Any of you guys have Trust account with Ubb,
are they reliable?
I am tempted to try as FD rate is getting lower..
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