Fixed Deposit Enrichment
A gentle introduction to safe investing.
- 30 min30 minutes
- Location 1
(My savings is sitting in Fixed Deposits, interest is peanuts and I am allergic to peanuts!) – Congratulations you are a saver! However, putting money in FD maybe safe for a short period of time, but the long-term effects of putting it there is slow growth and small money. Going around town comparing FD rates is not the way to go – the time spend on removing your existing FD (1.5%) to the new FD (2%) just to enjoy 0.5% more is not worth it. RM100K will yield you an extra RM500 a year and then it goes back to the old board rate. Imagine you repeat this every single year for 10 years. You will get RM21,899 as your 10 year interest. Consider an alternative in a rather achievable 4.5% return bonds which are much more stable then equities (you need that peace of mind!), the 10-year accumulative extra value might be closer to RM55,000*! Wouldn’t this be better? Move your money today to a higher yielding place. Let your snail-paced money get a boost! Easy, call us. *Comparing a 3.5% FD with 6% Fund return. Act Today Own Tomorrow!
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+60 13-325 7653