Wednesday, December 23, 2009

Koperasi Tentera - capital guranteed with 12% return annually

today i made my maiden investment into Koperasi Tentera

it needs RM100 as starting modal, RM10 as account opening fee. Subsequenty one can put money into fee advance (simpanan pendahuluan yuran) whereby each month a maximum of RM300 will be deducted into the account that enjoys 12% dividend per year. i also bank in some money into the special savings account (akaun simpanan khas) where one enjoys 5% interest

so for people who has access to this, it is a good place to park your money as part of a diversified portfolio

3 comments:

Giap Seng said...

You deposited the money using your name, or your wife's name?

I thought your BatC had already expired?

May be next time you can help me top up the money. The office is quite near your house.

Giap Seng

Cheah Wei said...

yes, it is near my house. but problem is their operating hour is 830am, by which i am already should be in office. so i need to resort to bank in lot of $ as advance and let them deduct for few months. The next time i go will be at least 3 months from now.

Unknown said...

Is this open to public?