I was informed by my mum that the government’s stimulus package Savings Bond (Sukuk Simpanan Rakyat) will be up for grabs in just a few days. The minimum investment is RM1k and maximum is RM5k. The bond will have a maturity of three years with an annual return of 5% which will be paid quarterly to bond holders. I am keeping my fingers crossed that I will be lucky enough to purchase the savings bond. The annual return of 5% is double that of the current fixed deposit savings’ interest. I can anticipate that all the banks will be flooded with people hoping to get a slice of the cake. I wish I had the time to queue up to lay my hands on a slice of the cake too. If I can’t get hold of the bond this time, I may consider investing my money in something more profitable like gold. It’s such a heartache seeing my money sitting in the bank earning peanuts now.
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my dear, I bought already, there’s no max as such…offer close end of April