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

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ZZMsia
post Sep 1 2021, 11:18 PM

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QUOTE(MUM @ Sep 1 2021, 03:14 PM)
No fees,... That is good.
For for their other thrust, it did mentioned
"Will there be any service fee involved?
The full tenure is of 3-years. A 4.5% as a service fee will be charged per annum"
http://www.ubbtagency.com/cash-trust-.html
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Nett of fees.
Seen the deed myself.
Shows something like 7-9 percent per annum over three years.

Nett of fees.

This post has been edited by ZZMsia: Sep 1 2021, 11:25 PM
ZZMsia
post Sep 2 2021, 02:00 PM

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QUOTE(negayem @ Aug 27 2021, 02:03 PM)
Very recent. It was Opportunity Trust at 7.5% for first 2 years and 8% for third year.

This is a new experience for me, first time.
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@MUM same as this one.
The promotion ended on 1 September or 31 august.

ZZMsia
post May 27 2022, 10:20 AM

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QUOTE(cloudy_eye @ May 26 2022, 12:29 PM)
i saw the post on the edge about cash trust.

but as a client for 6 years now. which i have renew my trust deed for another term, i can gladly say im happy with ubb. during the expiry of my contract, i have requested my capital and they just transfer to me without any issues.

i remember my payout was 7% for the first term, but the second term (expiring on 2023) about 6%. never was up to 36% p.a

if they theEdge claimed to be ponzi, how come all my friends that place with ubb all have good experience w them? i believe, authority will only take action if a group of ubb client go to complaint about the company, so far since that article come out, i dont see any client lodge a complaint.

so now my question is, how to know if they are ponzi or not if there is no official statement from the authority.

if really ponzi im gonna hantam my agent. 

i am slightly worried if the rumors turn out to be true, but speaking from experience, i had a good one and im not sure about others.

beside ubb and amanah raya which other trust company provide cash trust service?
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DCS also popular besides UBB.
is UBB newest rate only 6%?
I saw from the website.

ZZMsia
post May 31 2022, 01:11 PM

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QUOTE(cloudy_eye @ May 27 2022, 10:55 AM)
Yes 6% for their cash trust, i receive previously.

i saw on their website on new liquidity trust, since entry is low. im gonna place it. but only this time im gonna walk into the office n speak to their officers.

lets see what they have to say or show this time around.
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This new trust is quite interesting because the payout is every 6 months instead of 12 months

ZZMsia
post Mar 21 2023, 09:37 PM

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I have a few trust funds with UBB and pays exactly as per the plan.. thankful for that.
ZZMsia
post Jun 25 2023, 07:58 AM

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QUOTE(akidos @ Jun 14 2023, 05:03 PM)
Still getting paid ?
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Yes, last in June 1st week.
This one has semi-annual payment (6 months * 6 times) over 3 years lock in period

ZZMsia
post Jun 25 2023, 08:12 AM

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QUOTE(ZZMsia @ Jun 25 2023, 07:58 AM)
Yes, last in June 1st week.
This one has semi-annual payment (6 months * 6 times) over 3 years lock in period
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Basically, some pays twice a year and some once (per annum)

ZZMsia
post May 8 2024, 11:05 AM

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QUOTE(ASF1984 @ Jan 7 2024, 04:52 AM)
Ive had the same experiences, being a yearly payout without fail.
My cycle is about to expire, and I will likely reinvest.

Just wanted to see if these defamation have had any impact on UBB investors as they do have exposure to a a run on cash withdrawls.
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I am one of them...
It was never 36% PA
it is 7.5% PA (when i signed up)...


This post has been edited by ZZMsia: May 8 2024, 11:18 AM
ZZMsia
post Jun 11 2024, 07:35 PM

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QUOTE(jcong1990 @ May 30 2024, 10:50 AM)
Did you get back the initial investment amount? From the agreement itself stated 10% will be deducted for administration cost right?

user posted image
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My first trust is expiring this year..

Refer email below


Thank you for choosing UBB AMANAH BERHAD as your Trustee.

We are pleased to inform you that your Trust Deed is expiring on XXX.

There are two options available to you, which can be selected prior to the expiry of the Trust:

(i) To transfer the Trust Capital only or Trust Capital and Projected Trust Income (if any) to *other Trust product; or

*top-up is required to meet the minimum trust amount requirement of the specific trust product

(ii) Full encashment of the Trust Capital and/or Projected Trust Income (if any).

Kindly be reminded, we will only proceed with the necessary arrangement according to your selection of the above, provided we have received your written instruction and the complete required documents.

Until and unless the required complete documents are delivered to us, we shall hold the Trust Capital and/or Projected Trust Income, free from interest.

ZZMsia
post Jun 11 2024, 08:10 PM

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QUOTE(jcong1990 @ May 30 2024, 10:50 AM)
Did you get back the initial investment amount? From the agreement itself stated 10% will be deducted for administration cost right?

user posted image
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The money returned is full amount

ZZMsia
post Jun 11 2024, 08:10 PM

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QUOTE(hksgmy @ Jun 11 2024, 07:42 PM)
What’s your decision bro?
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Taking out the money to settle personal matter...

ZZMsia
post Jun 11 2024, 08:27 PM

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QUOTE(hksgmy @ Jun 11 2024, 08:12 PM)
Well done and congrats. I think that’s probably the safest thing to do!
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i have another fund..2 with UBB.. 1 more expiring in 2025 or early 2026.. need to check deed..

ZZMsia
post Jun 12 2024, 09:47 AM

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QUOTE(hksgmy @ Jun 11 2024, 08:29 PM)
Soon then. Because some say this is like a Ponzi scheme no?
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Not at all.. been on this group nearly 3 years..

ZZMsia
post Jun 15 2024, 08:50 AM

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We are pleased to inform you the following fund transfer request has been submitted to AmBank for processing. The payment details are as below:

Date & Time:
Reference Number:
Transfer Mode: Bulk Transfer
Transfer From: UBB AMANAH BERHAD
Transfer To:
Transfer Amount: MYR650.00
Payment Date: 15/06/2024
Recipient Reference:
Other Transfer Details: Income of LQT Jun24

Should you have any queries, please contact the Payer.

Yours faithfully,
AmAccess Biz
AmBank (M) Berhad
ZZMsia
post Jun 15 2024, 12:00 PM

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QUOTE(MUM @ Jun 15 2024, 09:31 AM)
Is that your dividend for your 10k deposit in a year?
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20k deposit and dividend split bi annually.
This is my second investment the first one is due in few months time..
ZZMsia
post Jul 16 2024, 07:48 AM

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QUOTE(jingle1103 @ Jul 12 2024, 10:28 AM)
May I know did u get ur 1st investment money back?
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It's not due yet...can return only on exact date after lock in period
ZZMsia
post Oct 1 2024, 08:19 AM

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QUOTE(jcong1990 @ May 30 2024, 10:50 AM)
Did you get back the initial investment amount? From the agreement itself stated 10% will be deducted for administration cost right?

user posted image
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I received back the total initial amount.. no deductions
ZZMsia
post Oct 1 2024, 11:45 AM

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QUOTE(jingle1103 @ Jul 12 2024, 10:28 AM)
May I know did u get ur 1st investment money back?
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I have received the money back.. no regrets.. only profits.. smile.gif


 

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