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