Erm, I know he is based in KL only. But then KL should be included in Klang Valley right? So I guess he is servicing all KL and selangor area. I had send you a PM, then anything you could ask him directly

Thanks for the sharing!

Haha, Ok this company had returned back my funds, I place in cash trust on 2017,

I recently renewed another term with them, but for this time the return is only 5-7% (last time was 6-8%)

I think since im not using the monies anytime soon, i just renew and see for another term how their performance,

on my side, i find this trust account is legit la.

only i dont know why people never heard about this company, i also know from the agent that sells me my insurance.

Satisfied customer <3

mind sharing
how much did you put in initially in 2017?
what is the actual total cumulative amount did you take back?

i am sure that this UBB is legal and regulated....
as to why nobody know much about them is, i think they did NOT officially publish the "Net historical rate of returns", only have to depends on the words of mouth of the agents.
As to why they did not officially publish the "Net historical rate of returns",....i guess, only the agents knows

Regarding this I can shed some insight as i also quite 38. I had went and speak with one of the management and it is against the rule of BNM to publish the rate and historical return in website or publically. They did show me under the trustee act 1949, it is forbidden to do so. As they are not investment link scheme or unit trust which are categories as financial product.

It is different kind of thing under Trust service.

So I hope this can clear your doubt.

Same here bro , already renewed once and cash out once too . They are having the crisis trust now @ 7.5% but only valid for one month period. Are you going in too bro?

I am tempted here as the tenure lock in is short too.

thanks for info....

But when "it is against the rule of BNM to publish the rate and historical return in website or publically. They did show me under the trustee act 1949, it is forbidden to do so."........

i was wondering if it is "OK" for their agents to do it publicly inclusive in social medias?
will the company deny any responsibilities or accountabilities for the "words/information" spoken/provided/conveyed by the agents publicly inclusive in social media??

This post has been edited by yklooi: Nov 4 2020, 04:27 PM

HI,

UBB Co. is not a Company in Investment for you. UBB is Trust Service Company. So there is no factsheet to everyone.

Haha no thanks, I've found something better that gives 15% p.a with proper paperwork.

guys,

can search for more educational videos on cash trust in learnabee or KCLau facebook page.

Just search keyword *cash trust* in learnabee

OR, In gripeo website, search for UBB Amanah Berhad.

Btw, just for info, there are many BAD reviews by readers of the article written n posted in gripeo ..

Personally I think the writer did not post any useful solid proof by merely postings of "speculative", "non proven" accusations...... Posted or questioned by others..... Just like what "I" (or "we) do mostly here

Hmm suddenly noticed quite a number of billboards in Penang showing Ubb while I was driving. Marketing kuat ni.