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