FWD save smart 1.6%

[Oldliao]

2 year savings plan at 1.6% pa. Good? Anything higher than 1.6% now?

https://www.fwd.com.sg/savings-insurance/save-smart-series/

 

[mynickname]

2 year savings plan at 1.6% pa. Good? Anything higher than 1.6% now?

https://www.fwd.com.sg/savings-insurance/save-smart-series/

CPF oa.

 

[iduncheckmail]

markets in correction mode.
yet U going to lock at 1.6% for 2yr ???

 

[Oldliao]

markets in correction mode.
yet U going to lock at 1.6% for 2yr ???

Enlighten me?

 

[lifeafter41]

Oldliao better keep coffin money in FD or T bills.

 

[buttbERry]

invest in stocks ba

 

[archie7]

seems like a PPN
they must have or targeting some high yield investment in their portfolio

 

[Oldliao]

Oldliao better keep coffin money in FD or T bills.

Both lower interest than this.

 

[eAtNeAt]

Thought rates going up soon

 

[bigrooster]

2 year savings plan at 1.6% pa. Good? Anything higher than 1.6% now?

https://www.fwd.com.sg/savings-insurance/save-smart-series/

It depends on individuals. Those higher than 1.6% could be different kinds of instruments with different risks. If you compare with Great Eastern Great SP return of 0.7% for the same duration, then this is much better.

If you put in a modest amount as part of your diversification strategy, then why not? I invested in this same one two months back with a small amount.

 

[Oldliao]

Thought rates going up soon

How you know?

 

[eAtNeAt]

How you know?

Coz I jus refinance my housing loan at a relatively high rate compared to a month ago. And Fed releases nowadays are hawkish

 

[Hyruga]

If you buy a REIT like Aims Ampi or CDL hosp REIT, you might get 5-6% dividend.

 

[antonpoh]

2 year savings plan at 1.6% pa. Good? Anything higher than 1.6% now?

https://www.fwd.com.sg/savings-insurance/save-smart-series/

If the company close shop and run road lei?

 

[~sabaisabai~]

Both lower interest than this.

If you want risk free, yes the rate is lower

 

[royalmix]

2 year savings plan at 1.6% pa. Good? Anything higher than 1.6% now?

https://www.fwd.com.sg/savings-insurance/save-smart-series/

apple to apple, this is better?

https://www.dbs.com.sg/personal/ins...ction/wealth-accumulation-plans/manulife-goal

Both not me for tho!

 

[bigrooster]

@Oldliao
Here's another similar product with similar duration and guaranteed 1.72% p.a. But their death benefit is 101% compared to FWD's 105%, AFAIK.

SavvyEndowment 22

Lock in potential returns of up to 1.88% p.a.1 for 2 years

At policy maturity, receive:

• 100% of your capital2
• Guaranteed returns of 1.72% p.a.1
• Non-guaranteed returns of up to 0.16% p.a.1

Receive 101% of the single premium that you paid in the event of death during the policy term