Monday, December 12, 2005


0.125% or 3.75%?




if u were given 2 savings plan, A & B.

Interest Rate for Plan A : 0.125%

Interest Rate for Plan B : 3.75%

which interest rate wld u prefer?

needless to say, i dun tink any1 wld ever choose Plan A. but, tats the usual plan which every1 of us have cos 0.125% is the interest rate of our savings account. n tat is the standard rate of all banks.

u may say, banks r offering a higher interest rate for Fixed Deposit wif interest as high as 3%.. u r rite.. it's very high indeed but tat is if u deposit $50k into it.. do u have tat sum of money?

even if u do, $50k shldn be tied down into a fixed deposit.. it shld be placed into unit trust so as to earn higher returns.. isn't it?

anyway, talkin abt both plans, if given a choice of Plan B, will u take it?

nt onli do u discipline urself to save every mth n allows u to get a lump sum of money upon maturity, u get a piece of mind too.

cos, shld anyth happen to u, ur next of kin gets a lump sum of money as well cos u get a basic sum assured of $50k or $100k.

on top of tat, shld u get any of the 30 Critical Illness, u need nt pay for ur future premiums n the plan carries on.. tat is if u add a Payor Benefit..

too gd to be true? but its true.. tats wad im selling nw..

n, wif a mere of $150 every mth for a 18 yr plan, u can choose to get a bar fridge or dvd player for free.. if u save more, u get even betta gifts!!

all plans can be adjusted n suited jus for u.. in other words, its tailored made to suit ur needs and an amt n time horizon tat is comfortable for u..

aftall, every1 of us wana retire comfortably rite? n do read the word, comfortably.

the key word is, always start young.

cheerios,
aManDa


10:01 PM


aManDa