GE 1.8% for 2 yrs

[addict951]

SRS-able.
Anybuttie keen?

https://www.greateasternlife.com/sg/en/personal-insurance/our-products/wealth-accumulation/great-sp.html?utm_campaign=gels_pdt_ld_greatsp0520&utm_medium=social&utm_source=facebook&utm_content=paid_social&utm_term=agsc3
(Somebuttie on comp pls quote my post. Thanks.)

 

[chiokcc]

SRS-able.
Anybuttie keen?

https://www.greateasternlife.com/sg...cebook&utm_content=paid_social&utm_term=agsc3
(Somebuttie on comp pls quote my post. Thanks.)

https://www.greateasternlife.com/sg...cebook&utm_content=paid_social&utm_term=agsc3

 

[chiokcc]

https://www.greateasternlife.com/sg...cebook&utm_content=paid_social&utm_term=agsc3

Can treat it as a FD?

 

[xtwis7]

Short term endowments are still not considered FD.

Capital guarantee is upon maturity at end of 2 years. If one is really keen on this, online links are available to sign up directly which I can provide more info.

Can treat it as a FD?

 

[BBCWatcher]

If one is really keen on this, online links are available to sign up directly which I can provide more info.

The link to sign up is right on the Web page. Click on "Get instant quote." There's no great mystery here!

I don't think this offer is terribly exciting, but OK, whatever.

 

[cscs3]

Short term endowments are still not considered FD.

Capital guarantee is upon maturity at end of 2 years. If one is really keen on this, online links are available to sign up directly which I can provide more info.

If pay only at the end of year 2. Effective interest rate is less then 1.8%.

 

[Jay9999]

If pay only at the end of year 2. Effective interest rate is less then 1.8%.

Its just 1.8%, if you work it out, $100k will only get you a miserable $3.6k after 2 years...

Nothing to be worried about, of course unless you believe if GE will collapse within the next 2 years.

 

[qhong61]

Its just 1.8%, if you work it out, $100k will only get you a miserable $3.6k after 2 years...

Nothing to be worried about, of course unless you believe if GE will collapse within the next 2 years.

Is it covered by insurance?

 

[bigrooster]

If pay only at the end of year 2. Effective interest rate is less then 1.8%.

it is 1.8% each at end of year 1 and year 2. can keep year 1 payment inside to "invest" and take out togther upon maturity but the added benefit not significant to me.

 

[bigrooster]

Is it covered by insurance?

there is policy owner's protection scheme. can see details in SDIC website.

 

[platee]

Is it covered by insurance?

GE backed by OCB no issue

 

[cal3135]

Almost risk free

xs HardwareZone Forums app

 

[cscs3]

GE backed by OCB no issue

Only back by MAS then consider as no issue.

 

[chiokcc]

Anyone bought?

Just curious to know if it has closed...

 

[bigrooster]

Anyone bought?

Just curious to know if it has closed...

29 May 2020 is closing date.