Sunday, July 10, 2011

Investing a Maybank Gold Investment Account

Maybank Gold Investment Account Securing your family’s future starts with 1 gram of gold

Benefits

  • Potentially Better Returns: Opportunity for greater capital gain from the appreciation in gold price.
  • Portfolio diversification: Gold provides a great way to diversify your investment portfolio. With MGIA you can start right away with an affordable initial purchase and subsequent investments.
  • Better security: Provides a good hedge against inflation.
  • Better Protection: Investments in MGIA are fully backed by physical gold deposited in PAMP S.A.
  • Convenience: Maintaining your account is easy. Buy or sell gold and withdraw easily with your passbook at any Maybank branch in Malaysia.
  • Affordability: 1 gram is all you need to purchase, sell and maintain your investment.


Features Description
Minimum Initial Purchase1 gram
Minimum Subsequent Purchase/SaleIn multiples of 1 gram
Minimum Balance in the Account 1 gram
Gold Purchase Price
  • Gold purchase will be based on the Bank's prevailing gold SELLING price quoted in RM per gram
  • The mode of payment accepted for purchase of gold are:
    • Cash
    • Debiting of current/savings account maintained with the Bank
    • House cheque
Gold Sale/Withdrawal
  • Gold sale will be based on the Bank's prevailing gold BUYING price quoted in RM per gram
  • Withdrawal options available are:
    • Cash
    • Crediting of current/savings account maintained with the Bank
Mode of Operation Passbook
Interest No interest payout
Stamp Duty Fee on Agreement RM10
Replacement of Lost / Spoilt Passbook RM15 (inclusive of Stamp Duty for Letter of Indemnity)

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