what is your view on this endownment product?

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- single premium; that means one time payment only
- you can use cash or SRS (Supplementary Retirement Scheme)
- 5 year maturity; that means you have to hold for 5 years to mature
- guaranteed return of 1.5%pa (minimum)
- projected total return of 1.9%pa (potential)
- no medical underwriting
- minimum single premium $10,000

worth to take up?
 

limster

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I took up a similar product from NTUC sometime back, 5 years for 2.75% guaranteed. By the time the product matured, interest rates were below 1% already.

So whether or not it suitable for you depends on your view of interest rates. Assuming that the terms and conditions are similar to the product i'm familiar with, its a relatively low-risk tool that you can use to put into 'action' your beliefs on interest rates.
 

limster

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Seriously, its basically a 5 year fixed deposit with 1.5% interest. That's why no one is replying? Really nothing to discuss.

I presume the reason you are looking at this is that you are too scared to invest in stocks or bonds that can yield more but are non-guaranteed products.

How much more information do you need to help you decide whether you want to place your money in a fixed deposit?
 

Mr.Huttons

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OCBC 360 account would be a better alternative TS. To me, the returns doesn't justify the 5 years lockdown period.
 
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