Lastest S$ Deposit updates - Part 3

[saintgtril]

When I log onto dbs ibanking website, the digibot will immediately pop up at my bottom right hand corner, it will state ' 3 yrs lock in for guaranteed returns of 3.65% p.a. with SavvyEndowment 12. Plus, up to S$50 vouchers with promo code DBSSE12. Learn more. T&Cs apply.' . Not sure whether promo code is exclusive. Hope this helps

Thanks!

 

[saintgtril]

I called in POSB to appeal. Also wrote in service@manulife.com

Thanks for sharing. Much appreciated.

 

[white_prince]

Thanks for sharing. Much appreciated.

Dbs took down savvyendowment 12 site.
I think they help manulife collexted enough?

 

[oceanicmanta]

Dbs took down savvyendowment 12 site.
I think they help manulife collexted enough?

i saw a notice earlier that there is some maintenance going on ... not sure if it is that reason

 

[white_prince]

i saw a notice earlier that there is some maintenance going on ... not sure if it is that reason

Oh, hopefully thats the reason.
I m still hoping to apply once my FD expires nezt week.

 

[Intel888]

How to choose between fixed deposit and endowments?which one more safe and more returns?

FD usually can terminate at any time, and you get back the entire principle. Some banks may even give you base rate interest

Endowment must wait until maturity then can get back the entire principle.
The earlier you terminate, the more money you lose.

 

[sohguanh]

FD usually can terminate at any time, and you get back the entire principle. Some banks may even give you base rate interest

Endowment must wait until maturity then can get back the entire principle.
The earlier you terminate, the more money you lose.

That is also why my preferred in order of priority is FD first and then endowment second.

Currently the FD rates are dropping which is why I have to resort to endowment instead.

 

[Intel888]

That is also why my preferred in order of priority is FD first and then endowment second.

Currently the FD rates are dropping which is why I have to resort to endowment instead.

If very sure can hold until maturity, and if rates are good, can go for endowment.

If suay suay really have emergency, then will have no choice but to take a loss to terminate endowment before maturity.

 

[sohguanh]

If very sure can hold until maturity, and if rates are good, can go for endowment.

If suay suay really have emergency, then will have no choice but to take a loss to terminate endowment before maturity.

That is why never all in to any investment instrument. Always a bit here a bit there. Which means have some in FD some in endowment etc

 

[htc_user]

Got this from GE agent

Great SP 11: 1-year single premium non-participating endowment plan
Guaranteed payout 3.5% pa of single premium yearly
Capital guaranteed upon maturity
Covers death; total & permanent disability
Cash or SRS

T&Cs apply
Launch date Wed 21 Jun 2023

 

[McFadden]

Got this from GE agent

Great SP 11: 1-year single premium non-participating endowment plan
Guaranteed payout 3.5% pa of single premium yearly
Capital guaranteed upon maturity
Covers death; total & permanent disability
Cash or SRS

T&Cs apply
Launch date Wed 21 Jun 2023

Participating better cause got dividends?

 

[McFadden]

That is why never all in to any investment instrument. Always a bit here a bit there. Which means have some in FD some in endowment etc

FD can buy online or must go to their branch?

 

[bberry]

FD can buy online or must go to their branch?

depending on the bank ba, rhb FD can be done online, even for new customers

 

[Shalom_555]

How come when I put 30k and the promo code, it still says only "$20 eCapitaVoucher with min premium of $20,000", and no additional info?

I faced the same problem on Friday. Have just sent a message to DBS on this. Will update

 

[luckygal]

If I want short term, would be Hong Leong Finance 3.28% for 8 months or ocbc 3.5% for 6 months or this new GE plan, 3.5% for 1y. Still deciding which one.

 

[zeroX26]

Participating better cause got dividends?

No participating plans will give u a guaranteed payout of such %.

 

[KayElf]

If I want short term, would be Hong Leong Finance 3.28% for 8 months or ocbc 3.5% for 6 months or this new GE plan, 3.5% for 1y. Still deciding which one.

OCBC 3.5%?

 

[sohguanh]

If I want short term, would be Hong Leong Finance 3.28% for 8 months or ocbc 3.5% for 6 months or this new GE plan, 3.5% for 1y. Still deciding which one.

Any FD that is 6 months tenure, why not try your luck with 6 months T-bill first? They are almost equivalent as in capital guaranteed in a sense. If try T-bill fail then can consider the bank FD?

 

[white_prince]

Any FD that is 6 months tenure, why not try your luck with 6 months T-bill first? They are almost equivalent as in capital guaranteed in a sense. If try T-bill fail then can consider the bank FD?

Sounds good outright
Tbills->FD->endowment

 

[sohguanh]

Sounds good outright
Tbills->FD->endowment

Tbill need to bid if you bid too high may not get and it is usually 6 months or 1 year. So in theory that order of priority is correct but what if you want 3 month, 9 month tenure period? That is when FD come in.