after repeated haggling by tiger bank, finally moved my butt to join their "wealth" status, previously known as aspire.

no welcome gift.
although RM seems enthusiastic enough.

pushing for an endowment plan that seems quite interesting though.

capital of say RM32k per annum for 6 years.
first 6 years get RM4k per annum.
subsequently next 14 years get RM8k or so.

anyway long story short, pay total of 32kx6 years = approx 192k

get back over 20 years period = 142k interest guaranteed

insurance if unclaimed, 50k guaranteed at end of period or balance left if there's claim
unguaranteed bonus estimates rm90k at the end of period.

so guaranteed return = 192k (total return) / 192k (total vested) / 20 years
5% p.a?
better than fd if one discount the compounding interest effect.
but again they give rm8k yearly by year 7 with total capital of rm192k, still approx 4% already.

bonus is on the unguaranteed bonus?

good deal kah?

and really dissapointed that there's no welcome gift.

the only non guaranteed portion is the 90k.
guaranteed return is 4x6 + 14x8 + 50 = 186k

186k/192k / 20 years = 4.8%

You mean they don't have free flow of Krug at klia2 ppl?!

What ? Not 142k, but 90k ? Not guaranteed somemore ?

Year 0 -32k
Year 1 -32k + 4k = -28k
Year 2 -32k + 4k = -28k
Year 3 -32k + 4k = -28k
Year 4 -32k + 4k = -28k
Year 5 -32k + 4k = -28k
Year 6 +4k
Year 7 +8k
Year 8 +8k
Year 9 +8k
Year 10 +8k
Year 11 +8k
Year 12 +8k
Year 13 +8k
Year 14 +8k
Year 15 +8k
Year 16 +8k
Year 17 +8k
Year 18 +8k
Year 19 +8k
Year 20 +8k + 50k + 90k = +148k

Then the IRR (ie. compound interest) is 2.8288%

In return, you give free gift to the bank 

why dont put some in UT and some in P2P ? the return is even higher.

Bank.          Lower tier banking.    Upper tier banking

CIMB.        CIMB Prime.                CIMB Preferred
Maybank    Maybank Privilege.      Premier Wealth
HSBC.        HSBC Advance.            HSBC Premier
Citibank.    Citipriority.                  Citigold
UOB.          Wealth banking            Privilege banking

Folks, whose priority bank is active in organizing events? Don't mind some social activities now and then.

What is the difference between Maybank Privilege and Premier Wealth? Both seem to have RM250k deposits/investment limit. Couldn't find any info on their website.

Privilage you only need 50k Premier you need 250k or 500k for get or 2.5mil aum. Not sure. What I sure is aspire siapa also can lol

Just got Privilege (Aspire), any real benefits besides the debit card? lol
Premier Wealth is min USD1 million cash (checkout their new webpage)

What's the different between Premier and Private Banking?

What different benefits do they give?

Guys, for a 7 digits investment which is maturing soon, what options do you think there are other than putting the money into FDs, UTs, Bonds, stock market, EPF, ASNB?
Putting into PMMMF temporarily until a proper decision is made within the next week.

I would personally suggest for foreign investments.

If you are going for ringgit denominated :
1.ASNB would be a good option for the next 3-4 years.
2.Bonds(get a consultant in private banking to explain in detail).

EPF would have withdrawal restrictions.

Stock market and floating unit trusts under Pakatan Harapan are terrible choices in the next 3-4 years.

Guys, for a 7 digits investment which is maturing soon, what options do you think there are other than putting the money into FDs, UTs, Bonds, stock market, EPF, ASNB?
Putting into PMMMF temporarily until a proper decision is made within the next week.