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