Convenience: All you need is a link to your Maybank account, and the RSP will be ready for your investment. DISCOVER MINIMUM DEPOSIT. And with every year, you can just contribute to the plan … 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. Requirements Minimum initial deposit of S$10 Regular Savings Plan (RSP) is an investment plan that offers a consistent and disciplined means of investment for stocks and unit trusts. With a regular plan coupled with a fixed deposit, you may get more at the end of the day. 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. Fast and no hussle. PhillipCapital's RSS, launched in February 2002, was the first, followed by POSB and OCBC Bank in mid-2013, while Maybank … 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 Regular Savings Plan aims to turn market fluctuations to your benefit by managing market risk with dollar cost averaging. This advertisement has not been reviewed by the Monetary Authority of Singapore. 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). Convenience It is a convenient way of investing by deducting the monthly investment sum through GIRO. Online savings account with high interest rates for teens from 12 to 18 years old. Regular Savings Plan is an investment plan that can help you meet financial goals that you have in mind. Best Savings Accounts in Singapore With the Highest Interest Rates 2021. 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. FSMOne ETF Regular Savings Plan. Exclusive streaming for international matches and the most complete video-on-demand. With Goal Savings Plan, there is no need to worry about your future plans! It takes advantage of the dollar cost averaging concept that does not require you to worry about market timing and volatility. Don't be a victim of email or SMS fraud! regular savings plan For most of us, the two major financial concerns in life are funding our … … 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. Home > What are the benefits of Regular Subscription Plan (RSP)? 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. 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) You can set up to five goals, which you can then categorise and name as you desire. All rights reserved. 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. 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. How to Use: Enter the initial deposit amount. Convenience: All you need is a link to your Maybank account, and the RSP will be ready for your investment. 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). 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. Please fill in the following details and we will be in touch to assist you with your application. 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. Find out more, Security, Data Protection & Client Charter. Calculate the total amount earned from regular savings. Our plans cater to all kinds of investors, from new investors looking to invest smaller amounts to investors looking to invest abroad. 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. Maybank2u Savers. To update your contact details for SMS Transaction Alerts and One-time Authorisation Codes for online purchases, please click here for the relevant forms. Regular Savings Plan uses an investment method called dollar-cost averaging to protect the investor from most of the volatility of stocks. Family health is a priority during time of pandemic & by saving regularly in Maybank Tabungan EduPlan Plus/ EduPlan Plus iB. 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. Reach our internet banking fraud hotline at +603-5891 4744. The Sunday Times highlights four Regular Share Savings (RSS) plans. Affordability: You need as little as RM 100 a months to get started on this plan via our Maybank2u Online. Maybank2u Savers-i account is an online Islamic savings account that offers high multi-tiered profit rates with a minimum balance of RM2,000. If you invest often and long enough, it will help you to average out the market’s peaks and troughs. This all-in-one feature allows you to create a Goal, set a monthly amount contribution, and track your progress. 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. 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. Get 6 months Halodoc membership by saving regularly every month. Regular Savings Plan is an investment plan that can help you meet your financial goals. Prices can go up and down. If you have trouble committing to saving a specific amount for a big purchase, then this is definitely the feature for you. It takes advantage of the dollar cost averaging concept that does not require you to worry about market timing and volatility. *RSP is only applicable for SGD denominated unit trust funds. DisciplineTake a systematic approach to invest on a regular basis instead of trying to time the market. In this scheme, the high potential returns, reasonable risk and cost effectiveness of Unit Trusts with a risk management tool. Enjoy complimentary insurance and birthday privileges with this passbook savings account made just for children and teens under 16 years old. What are the benefits of Regular Subscription Plan (RSP)? Beware of phishing emails / calls / SMS targeting Maybank customers. Minimum investment of S$1000 required for individual funds before subscription into RSP. This is achieved by investing a smaller fixed amount regularly, regardless of the timing or the individual cost of investments. 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. If you want to build up your investment through a month saving plan, this is for you. This is achieved by investing a smaller fixed amount regularly, regardless of the timing or the individual cost of investments. The Regular Savings Plan aims to turn market fluctuations to your benefit by managing market risk with dollar cost averaging. Interest compounded based on selected period. Most prominent among the new features is the Goals Savings Plan. Family health is a priority during time of pandemic & by saving regularly in Maybank Tabungan EduPlan Plus/ EduPlan Plus iB. Step 3: Ensure Sufficient Funds In Your Designated Account. Fast and no hussle. grow by $1,000 a month) and the target annual return (i.e. 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.*. Your fixed amount of money will buy more units when prices are low and less when prices are high. Wealth Management > It takes advantage of the dollar cost averaging concept that does not require you to worry about market timing and volatility. 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. When you invest using a VAP, you start by setting a monthly target amount that you want your portfolio to grow (i.e. "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." Maybank Singapore Limited (UEN: 201804195C). View the principle and total savings by year, in the chart and table. Dollar Cost Averaging (DCA) for retirement planning. A Savings account you can manage completely … All rights reserved. (Regular Saving Plan Form) Date / Unitholder Name Ñ161.n (Branch) / (Agent) / Cancel Investment plan / Fund Code . It is known as the Regular Savings Plan or RSP for short. 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. However, unlike a regular savings plan, the amount of money you invest with VAP every month is not fixed. 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 Monthly Investment Plans enable you to diversify your investment portfolio. Let us double up your savings so you can achieve your goal faster with M2U Goal Savings Plan. It is known as the Regular Savings Plan or RSP for short. Unit Trust Regular Saving Plan (RSP). 8%) . Benefits. 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. Affordability You do not need to have a huge initial capital outlay and can have a head start to investment.*. Remark : *The End of regular saving plan ordering date specified must be after at least 3 times of auto regular saving plan subscription. TALK TO US ADD TO COMPARE. Opening a KE Trade Prefunded Account for Monthly Investment Plan There are 3 ways: Online Select "Monthly Investment Plan" here. It is also a good way to accumulate savings, even if you start with a modest RSP of $100 each month. Copies of the respective fund prospectus are available and can be obtained from any Maybank Branch. Investors should read the respective prospectus before deciding to subscribe for or purchase units in the fund(s). Subscribe to RSS    Find us on Facebook     Find us on Instagram. The Regular Savings Plan aims to turn market fluctuations to your benefit by managing market risk with dollar cost averaging. ... Download the Maybank app now. The money invested is channeled into assets such as stocks, ETFs and unit trusts, which means RSPs come with risks. What is a regular savings plan (RSP) and how does it work? RM50. 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 … An investment in the fund is subject to investment risks, including the possible loss of the principal amount invested. Mail them to us, along with a signed photocopy of the required supporting documents to: Maybank Kim Eng Securities Pte Ltd Client Services Department 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 investment savings plan to help you get ahead, affordably UOB Regular Investment Savings Plan (RIS) a disciplined approach to investing. Do not disclose any sensitive information over emails / calls / SMS.Call us immediately. It helps you to take small and steady steps towards building your investment position and achieving your financial goals. The money that is used for your monthly investments will … Get 6 months Halodoc membership by saving … An RSP (Regular Savings Plan) is a automatic savings plan that keeps you in the good habit of saving. Most of the time, that would be into blue-chip stocks listed on the Singapore stock market. Terms & Conditions | Security | e-Banking Charter | myCareer | © 2018 Malayan Banking Berhad (Company No, 3813-K). The illustrative example is meant for illustrative purposes only and should not be relied upon as advice. If you have an existing FSMOne account, you can start investing in the ETFs on the FSMOne platform online. Dollar cost averaging is a well-proven and recognized tool in risk management, which advocates the exact opposite of dangerous market timing. 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. Create your very own personalised Goal on M2U and track your progress digitally! 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. / Wish / Fund Name / Amount / Paid By / A/C Name to / Create Investment plan / Baht / Amount Words / A/C No. Estimate how much you can save with a regular savings plan, e.g. Investment > Regular Savings Plans The most important thing about setting goals in life is having one. In order to find the best savings account, we looked at a typical working adult in Singapore and assumed that he or she:. By Mail Download and complete the account application forms. M2U Goal Savings Plan. / Branch / Start From Date / The Date of Investment Plan YITlQV0Yl / On the date / Until / of month / 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. In this scheme, the high potential returns, reasonable risk and cost effectiveness of Unit Trusts with a risk management tool. Track Your Portfolio: With access to our Maybank2u Online, you can monitor and track your portfolio performance anytime and anywhere. Diversify Your Portfolio. High interest rates 2021 the possible loss of the principal amount invested with M2U Savings. Way to accumulate Savings, even if you have an existing FSMOne account, and the target annual (. Rsps come with risks banking Berhad ( Company no, 3813-K ) platform online to assist you with application! Illustrative example is meant for illustrative purposes only and should not be relied as. 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