In view of the seriously low bank interest rates, I have been wondering if I should start saving with AmBank’s AmCash Guarantee 21.
It's a three in one savings plan that comes with savings, maturity bonus and insurance. The insurance protection for savings of RM2000 annually is RM25,000. I have no idea if this is term life ins but it covers 36 illnesses, permanent disability and death.
Interest is paid every three year interval and for the first three years, it will be RM2000. Subsequently, it will be RM2500 every three years. This is for savings of RM2000 per year.
I consulted a friend about this and he said that this is not a good plan at this moment. Of course, I was just thinking of this as some sort of gratuity or EPF. So I guess I will have to continue searching for a better plan.
It's a three in one savings plan that comes with savings, maturity bonus and insurance. The insurance protection for savings of RM2000 annually is RM25,000. I have no idea if this is term life ins but it covers 36 illnesses, permanent disability and death.
Interest is paid every three year interval and for the first three years, it will be RM2000. Subsequently, it will be RM2500 every three years. This is for savings of RM2000 per year.
I consulted a friend about this and he said that this is not a good plan at this moment. Of course, I was just thinking of this as some sort of gratuity or EPF. So I guess I will have to continue searching for a better plan.
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