Usually they do. But some based on money market and bonds maybe not.

YOU select the unit trust (with the minimum 2.5 % sales charge), so YOU need to blame YOURSELF if you selected one with shitty return.

Overall this deal is great, you only need to put 1k a month in unit trust for one year and can enjoy the fat 2% bonus interest on the PrivSaver. So the interest return will definitely be unbeatable, if you feel uncomfortable with the potential that you get negative return from the unit trust investment, stick to the 4.0% for deposit and spend.

Thanks!

So the average balance is capped to 20k if you only put in 1k. This indeed is a game changer.

So, let´s calculate for 12 months:

Bonus interest: RM 400

Sales charge for 13k (2k inital + 11k following): RM 325

Certainly not so exciting anymore, performance of unit trust is quite important.

Or just get married and have two daughters like me, fulfilling the 1k spending is more than easy then.

That number alone is meaningless. Did your funds outperform the MSCI world index (including costs) since the day you bought?

The pure number is indeed meaningless.

You need to compare the interest of a CASA or FD with the OPR rate.

And you need to compare the performance of unit trusts that invest in stocks with the corresponding index. A unit trust that only loses 10% when the corresponding market loses 15% is a great performer. A unit trust that gains 15% when the market is 20% up is bad.

Sure, you will get it immediately at the branch.

now it is 4,2% which still is great. but promo ends FRIDAY I was told

yes, only new customers as always with this promo. but perfect for all the people coming from OCBC and lining up in front of the SC branch

Hmm, not here.

I not have this. Maybe because debit card and not credit card?

Somewhere I read that Debit card also qualifies (like with OCBC), but I cannot find anymore.

Yeah, no idea what I have read and misunderstood before

Cash can do more. Actually they asked why I am depositing so much money, I said bring it over to SC

Depends on the location of the branches

yes, on the liverpool card the numbers are almost unreadable

Yes, I also had to doublecheck the TnC because I settled mine in March and did not get the March bonus.

But it is absolutely clear, start in March not means bonus in March:

Actually it is 2.5 % for almost all unit trusts, except the ones that not mainly invest in stocks (then it is lower and will not qualify).

Usually the informations sheets from the unit trust companies show higher sales charge, but that is only the top barrier. Surely at other places you can get lower than 2.5, but the combo of 2.5 charge and 2.0 bonus is quite attractive if you keep the investment down to the minimum requirement of 1k a month.

Yeah, so we are talking about a bonus of RM 33,33 a month

The unit trust will gain or lose much more in the next 12 months.

But if you want to put money in a unit trust and increase your balance with SC, why not?

If one thinks 2020 is a good year to put RM 6000 in a unit trust every month, also can consider, at least you are lowering the 2.5 % sales charge a lot with the bonus.

This post has been edited by David_Yang: Apr 5 2020, 05:12 PM

No uncle, this is also the SC analysis. Got update from them on Monday, SC expects 0.5% cut in May and then another 0.25, so 1.75% for the rest of 2020!

And also OCBC told me to prepare for the May cut and the 1.75

The 12 month Ambank 3.5% will be DOUBLE the OPR, you said you don´t want to go, but maybe it is time to give the money to your kids and grandchildren and send them to AmBank