the objective of regular savings plan is usually to smoothen out your returns because no one knows the direction of the market for sure... if you are just expecting rm24k at the end of the day, you can do the regular savings plan in your bank account (which is not advisable) Track Your Portfolio: With access to our Maybank2u Online, you can monitor and track your portfolio performance anytime and anywhere. Family health is a priority during time of pandemic & by saving regularly in Maybank Tabungan EduPlan Plus/ EduPlan Plus iB. Dollar Cost Averaging (DCA) Requirements Minimum initial deposit of S$10 In this scheme, the high potential returns, reasonable risk and cost effectiveness of Unit Trusts with a risk management tool. However, unlike a regular savings plan, the amount of money you invest with VAP every month is not fixed. And with every year, you can just contribute to the plan … Minimum investment of S$1000 required for individual funds before subscription into RSP. Click here to access the list of available funds, Find us at a convenient location near you, 6-digit SMS OTP for Online Banking, Mobile Banking and Phone Banking, Avoid possible suspension of your unsecured credit facilities, Receive an American Tourister Linex 66/24 Luggage TSA worth S$260 with Maybank Credit Cards and CreditAble, Refer your friends to apply for Maybank Credit Cards and CreditAble to be rewarded with S$50 Cash Credits, Find out how we've made M2U secure - and how you can keep your online banking experience worry free. Maybank Singapore Limited (UEN: 201804195C). Control: You can adjust your monthly investment contribution (subject to the minimum investment amount), change your fund selection or cash in your investment any time you wish. Sitemap | About Us | Rates & Bank Charges FAQs & Forms | Locate Us | Feedback Terms & Conditions of Access Security, Data Protection & Client Charter Copyright © document.write(new Date().getFullYear()); Maybank. Remark : *The End of regular saving plan ordering date specified must be after at least 3 times of auto regular saving plan subscription. You can set up to five goals, which you can then categorise and name as you desire. Affordability: You need as little as RM 100 a months to get started on this plan via our Maybank2u Online. for retirement planning. An investment in the fund is subject to investment risks, including the possible loss of the principal amount invested. When you invest using a VAP, you start by setting a monthly target amount that you want your portfolio to grow (i.e. If you have an existing FSMOne account, you can start investing in the ETFs on the FSMOne platform online. DisciplineTake a systematic approach to invest on a regular basis instead of trying to time the market. A regular investment savings plan to help you get ahead, affordably UOB Regular Investment Savings Plan (RIS) a disciplined approach to investing. Diversify Your Portfolio. Even if your average monthly balance fluctuates month-to-month, you can still earn top interest rates with Maybank iSAVvy Savings Account–as long as your account remains above S$5,000 for 6 months, which is quite reasonable for the average consumer. regular savings plan For most of us, the two major financial concerns in life are funding our … Home > Let us double up your savings so you can achieve your goal faster with M2U Goal Savings Plan. Get 6 months Halodoc membership by saving … This all-in-one feature allows you to create a Goal, set a monthly amount contribution, and track your progress. Get 6 months Halodoc membership by saving regularly every month. Investing in Unit Trusts and through a Regular Savings Plan (RSP) does not have a lock-in period, as compared to other regular investment facilities that may have a lock-in period of 10, 20 years. / Branch / Start From Date / The Date of Investment Plan YITlQV0Yl / On the date / Until / of month / The money that is used for your monthly investments will … With a method called “drip-feeding”, you essentially get a regular savings plan, then with the excess cash, you can leave it in the fixed deposit. Exclusive streaming for international matches and the most complete video-on-demand. Reach our internet banking fraud hotline at +603-5891 4744. If you invest often and long enough, it will help you to average out the market’s peaks and troughs. View the principle and total savings by year, in the chart and table. With a regular plan coupled with a fixed deposit, you may get more at the end of the day. RM50. TALK TO US ADD TO COMPARE. PhillipCapital's RSS, launched in February 2002, was the first, followed by POSB and OCBC Bank in mid-2013, while Maybank … Regular Savings Plan uses an investment method called dollar-cost averaging to protect the investor from most of the volatility of stocks. ... Download the Maybank app now. FSMOne ETF Regular Savings Plan. Interest compounded based on selected period. 8%) . Regular Savings Plan is an investment plan that can help you meet financial goals that you have in mind. The best part about this savings account is that you don't have to walk in the hot sun to open one, just apply via Maybank2u. The Sunday Times highlights four Regular Share Savings (RSS) plans. The money invested is channeled into assets such as stocks, ETFs and unit trusts, which means RSPs come with risks. This advertisement has not been reviewed by the Monetary Authority of Singapore. Don't be a victim of email or SMS fraud! A Savings account you can manage completely … If you have trouble committing to saving a specific amount for a big purchase, then this is definitely the feature for you. Today, whether you are planning for retirement, saving for your children, or achieving any financial goals, you need a sound investment plan and the right product to see you right through. Our plans cater to all kinds of investors, from new investors looking to invest smaller amounts to investors looking to invest abroad. Most prominent among the new features is the Goals Savings Plan. In the event that the potential investor chooses not to seek advice from a financial adviser, he/she should consider whether the fund(s) is suitable for him/her. A Regular Shares Savings (RSS) Plan or Regular Savings Plan (RSP) allows you to regularly invest a fixed amount of money into a variety of financial products. Dollar cost averaging is a well-proven and recognized tool in risk management, which advocates the exact opposite of dangerous market timing. Subscribe to RSS    Find us on Facebook     Find us on Instagram. Opening a KE Trade Prefunded Account for Monthly Investment Plan There are 3 ways: Online Select "Monthly Investment Plan" here. Click here to read more on iSAVvy Savings Plus Account Deposit Insurance Scheme Singapore dollar deposits of non-bank depositors are insured by the Singapore Deposit Insurance Corporation, for up to S$75,000 in aggregate per depositor per Scheme member by law. The illustrative example is meant for illustrative purposes only and should not be relied upon as advice. Step 3: Ensure Sufficient Funds In Your Designated Account. Most of the time, that would be into blue-chip stocks listed on the Singapore stock market. What are the benefits of Regular Subscription Plan (RSP)? It takes advantage of the dollar cost averaging concept that does not require you to worry about market timing and volatility. Convenience: All you need is a link to your Maybank account, and the RSP will be ready for your investment. By Mail Download and complete the account application forms. Find out more, Security, Data Protection & Client Charter. With a Regular Subscription Plan (RSP), you will be investing a fixed amount of money on a recurring monthly basis into unit trusts of your choice. Enjoy complimentary insurance and birthday privileges with this passbook savings account made just for children and teens under 16 years old. Estimate how much you can save with a regular savings plan, e.g. How to Use: Enter the initial deposit amount. Investors should read the respective prospectus before deciding to subscribe for or purchase units in the fund(s). Maybank2u Savers-i account is an online Islamic savings account that offers high multi-tiered profit rates with a minimum balance of RM2,000. It is also a good way to accumulate savings, even if you start with a modest RSP of $100 each month. It helps you to take small and steady steps towards building your investment position and achieving your financial goals. If you want to build up your investment through a month saving plan, this is for you. Affordability You do not need to have a huge initial capital outlay and can have a head start to investment.*. This is achieved by investing a smaller fixed amount regularly, regardless of the timing or the individual cost of investments. Beware of phishing emails / calls / SMS targeting Maybank customers. *RSP is only applicable for SGD denominated unit trust funds. The value of the units of the fund(s) and the income accruing to the fund(s), if any, may fall as well as rise. It is known as the Regular Savings Plan or RSP for short. The Regular Savings Plan aims to turn market fluctuations to your benefit by managing market risk with dollar cost averaging. With a Regular Subscription Plan (RSP), you will be investing a fixed amount of money on a recurring monthly basis into unit trusts of your choice. All rights reserved. With Goal Savings Plan, there is no need to worry about your future plans! In order to find the best savings account, we looked at a typical working adult in Singapore and assumed that he or she:. It takes advantage of the dollar cost averaging concept that does not require you to worry about market timing and volatility. Terms & Conditions | Security | e-Banking Charter | myCareer | © 2018 Malayan Banking Berhad (Company No, 3813-K). The Regular Savings Plan aims to turn market fluctuations to your benefit by managing market risk with dollar cost averaging. Control of investmentYou have complete control over your monthly investment amount, from as little as S$100 each month, to any sum that works for your budget.*. Convenience: All you need is a link to your Maybank account, and the RSP will be ready for your investment. All rights reserved. Benefits. Monthly Investment Plans enable you to diversify your investment portfolio. Regular Savings Plans The most important thing about setting goals in life is having one. Online savings account with high interest rates for teens from 12 to 18 years old. Copies of the respective fund prospectus are available and can be obtained from any Maybank Branch. In this scheme, the high potential returns, reasonable risk and cost effectiveness of Unit Trusts with a risk management tool. Regular Shares Savings (RSS) plans allow you to invest small amounts of money every month to invest in blue-chip stocks, Exchange-Traded Funds (ETFs) that track the Straits Times Index (STI), or Real Estate Investment Trusts (REITs). What is a regular savings plan (RSP) and how does it work? DisclaimerThis document is prepared for information and general circulation only and does not have any regard to the specific investment objectives, financial situation and the particular needs of any specific person who may receive this document. Wealth Management > / Wish / Fund Name / Amount / Paid By / A/C Name to / Create Investment plan / Baht / Amount Words / A/C No. Regular Savings Plan is an investment plan that can help you meet financial goals that you have in mind. Maybank2u Savers. Create your very own personalised Goal on M2U and track your progress digitally! What are the benefits of Regular Subscription Plan (RSP)? This is achieved by investing a smaller fixed amount regularly, regardless of the timing or the individual cost of investments. Wide Choice of Funds: Whether you are a risk-averse or an aggressive investor, your unique requirements could be met with our wide range of unit trusts managed by reputable fund managers. From the above illustration, an investor would have benefitted from the price volatility and obtained more units at a lower average price as compared to a one time lump sum investment at a potentially higher price. M2U Goal Savings Plan. grow by $1,000 a month) and the target annual return (i.e. Prices can go up and down. Investment > Regular Savings Plan (RSP) is an investment plan that offers a consistent and disciplined means of investment for stocks and unit trusts. (Regular Saving Plan Form) Date / Unitholder Name Ñ161.n (Branch) / (Agent) / Cancel Investment plan / Fund Code . Regular Savings Plan is an investment plan that can help you meet your financial goals. Mail them to us, along with a signed photocopy of the required supporting documents to: Maybank Kim Eng Securities Pte Ltd Client Services Department Try not to let the ‘savings’ in the name mislead you, a RSP is an investment instrument that requires you to set aside a fixed sum on a regular basis. … Do not disclose any sensitive information over emails / calls / SMS.Call us immediately. DISCOVER MINIMUM DEPOSIT. All applications for units in the fund(s) must be made on the application forms accompanying the respective prospectus or otherwise described in the prospectus. An RSP (Regular Savings Plan) is a automatic savings plan that keeps you in the good habit of saving. It takes advantage of the dollar cost averaging concept that does not require you to worry about market timing and volatility. Please fill in the following details and we will be in touch to assist you with your application. Looking at the table below, if an investor was to have invested RM100 monthly over a 12-month period in a volatile market with dollar cost averaging. Best Savings Accounts in Singapore With the Highest Interest Rates 2021. Dollar Cost Averaging (DCA)Over time, the average unit cost may potentially be lower than the average market price of the fund during the same period of time. The Regular Savings Plan aims to turn market fluctuations to your benefit by managing market risk with dollar cost averaging. Family health is a priority during time of pandemic & by saving regularly in Maybank Tabungan EduPlan Plus/ EduPlan Plus iB. "Regular savings plans invest a fixed amount of funds every month into buying blue chip stocks, REITs and ETFs, using an investment method called dollar-cost averaging to protect the investor from most of the volatility of stocks." Fast and no hussle. Convenience It is a convenient way of investing by deducting the monthly investment sum through GIRO. Flexible whole life insurance savings plan No penalties and interest clawback after 90 days for funds withdrawal or top-up Guaranteed 1.80% pa for the first 3 years Whether you are planning for retirement, saving for your children’s education or aiming to achieve other financial objectives, Regular Savings Plans (“RSPs”) could potentially help you … Unit Trust Regular Saving Plan (RSP). Instead of investing one lump sum of your money, you gradually build your portfolio by investing a small amount regularly over a period of time. It is known as the Regular Savings Plan or RSP for short. Potential investors may wish to seek advice from a financial adviser, taking into account their specific investment objectives, market events, financial situation and particular needs and, the risk factors contained in the prospectus, before making a commitment to invest in units of the fund(s). Your fixed amount of money will buy more units when prices are low and less when prices are high. Calculate the total amount earned from regular savings. To update your contact details for SMS Transaction Alerts and One-time Authorisation Codes for online purchases, please click here for the relevant forms. Fast and no hussle. Plus/ EduPlan Plus iB not fixed our internet banking fraud hotline at +603-5891.... Not need to worry about market timing and volatility months to get started on this Plan via our online... Monthly amount contribution, and track your progress digitally need to have a initial... Started on this Plan via our Maybank2u online exact opposite of dangerous timing! Fund is subject to investment. * way to accumulate Savings, if! A specific amount for a big purchase, then this is for you of investors, new...: with access to our Maybank2u online, you can set up to five goals, which advocates exact. ( RSP ) and the RSP will be in touch to assist you with your application are high teens 12. Trusts with a risk management, which advocates the exact opposite of market... 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Four Regular Share Savings ( RSS ) plans Savings by year, in the fund is subject to investment *! > Wealth management > unit Trust funds exact opposite of dangerous market timing and volatility Maybank2u account. Future plans track your progress ready for your investment. * Subscription RSP... Allows you to average out the market ’ s peaks and troughs home > investment Wealth... A victim of email or SMS fraud be a victim of email or fraud... Has not been reviewed by the Monetary Authority of Singapore Trust Regular saving Plan, this is definitely the for. Up your Savings so you can start investing in the chart and table to your account. S peaks and troughs available and can be obtained from any Maybank Branch advantage of the time, that be!