Gro Capital Ease

[DevilPlate]

yeah am hoping to see GE and Tiq rolling out new tranches so there's more competition for higher rates and better options for us

All depends on US CPI liao

 

[maumu]

All depends on US CPI liao

the next one is on 14 March. by then most likely NTUC one will end liao...

think will just park whatever 'cash value' I have in SRS for now.

 

[sohguanh]

if take out at the end of maturity, it has bonus interest, like the gro capital, which is 112.32%.
it has the compounding effect

Thanks for sharing it is not bonus it is compounded effect. 10k X 1.0395 x 1.0395 x 1.0395 = 11,232 which mean is 4.1% each year. It is like previous RHB 12m 4.1% but then 3 years then see monies hmmmm

 

[sohguanh]

https://tesinvest.com.sg/endowment-...LNfk477gPInh9i8mxCIpjE4-wd5HlqlsaAhGOEALw_wcB
Anyone look at this? Endowment insurance can be traded wow first time I read. Interesting hmmm

 

[Nofear40]

the next one is on 14 March. by then most likely NTUC one will end liao...

think will just park whatever 'cash value' I have in SRS for now.

May I know which one on 14 Mar?

 

[maumu]

May I know which one on 14 Mar?

US CPI, was replying to Devil plate's post.

 

[~sabaisabai~]

the next one is on 14 March. by then most likely NTUC one will end liao...
think will just park whatever 'cash value' I have in SRS for now.

park cash in gro capital?

 

[dantom04]

Worthwhile to park cash in this? 3 yrs FD don't have this rate right?

 

[maumu]

park cash in gro capital?

as in park whatever balance I have in SRS (that is not used for any investment) in this for 3 years... no need to think about it for next 3 years.

 

[DevilPlate]

Worthwhile to park cash in this? 3 yrs FD don't have this rate right?

FD longest tenure is 2yr

It is a good idea if you are expecting a big purchase in 3 yrs time.

 

[~sabaisabai~]

Thanks for sharing it is not bonus it is compounded effect. 10k X 1.0395 x 1.0395 x 1.0395 = 11,232 which mean is 4.1% each year. It is like previous RHB 12m 4.1% but then 3 years then see monies hmmmm

most of the FDs in the bank only collect interest upon maturity, except maybank give out partial, not sure about now.

 

[tatose]

most of the FDs in the bank only collect interest upon maturity, except maybank give out partial, not sure about now.

both Maybank and CIMB has the option to prepay interests before maturity, though at lower yield since $$$ worth more in your hand.

 

[~sabaisabai~]

both Maybank and CIMB has the option to prepay interests before maturity, though at lower yield since $$$ worth more in your hand.

CIMB has? not aware of it

 

[xiaosinsinful]

Thanks for sharing it is not bonus it is compounded effect. 10k X 1.0395 x 1.0395 x 1.0395 = 11,232 which mean is 4.1% each year. It is like previous RHB 12m 4.1% but then 3 years then see monies

thanks for sharing, for a sec I was questioning if my math was so bad.

because I calculated $1132 of 10k interest is not 3.95% ((1232/10000)*100)/3)=4.10

 

[~sabaisabai~]

After I put OCBC 8m 4.08% my reserves low now. Still thinking as this is 3 year period terminate is heavy penalty. I am hoping GE Sp series where 2-3 years but every year can take interest liao that is better. So still thinking.

yeah endowment saving works this year, that is their terms and conditions
once early termination will lose the principle amt

 

[sohguanh]

https://tesinvest.com.sg/endowment-...LNfk477gPInh9i8mxCIpjE4-wd5HlqlsaAhGOEALw_wcB
Anyone look at this? Endowment insurance can be traded wow first time I read. Interesting hmmm

This trading of insurance look interesting. MAS actually haven't come with regulations but it seems legal. I am surprised so many ppl surrender those long term policy. Why? So close to mature sell sure rugi but I can understand sometimes ppl need cash urgently and this company can help to buy from you paying your total premiums paid with a little more instead of surrender to direct insurer and never get back total premiums paid.

Anyone try this before? Both in sell and buy I mean.

 

[skyhunter]

Just to share - my agent informed me that NTUC Income will launch a 3 year plan next week on June 13. 3.55% per annum.

 

[kenvup]

Just to share - my agent informed me that NTUC Income will launch a 3 year plan next week on June 13. 3.55% per annum.

Thanks for sharing, but it is lower than the recent Singlife 4.1% 2yr plan. Hopefully the upcoming GE SP series will offer a better one.

 

[sohguanh]

Thanks for sharing, but it is lower than the recent Singlife 4.1% 2yr plan. Hopefully the upcoming GE SP series will offer a better one.

Singlife cannot DIY and minimum seem to be "100K" then can get so when compare need look at other factors besides just the X.XX % numbers

 

[kenvup]

Singlife cannot DIY and minimum seem to be "100K" then can get so when compare need look at other factors besides just the X.XX % numbers

Yes, need to look at these too, DIY is a plus and 3.55% is still quite good. Can try.