Gro Capital Ease

[abcde83]

oops, sorry. thanks for correcting

wonder why like not popular...? used to be fully subscribed very fast.

3.95 3y is gd for my srs.
just Applied

 

[bargin]

oops, sorry. thanks for correcting

wonder why like not popular...? used to be fully subscribed very fast.

will lock for 3 yrs, early withdrawal will lose principal amount

 

[abcde83]

will lock for 3 yrs, early withdrawal will lose principal amount

it's ok for srs..won't withdraw anytime soon

 

[maumu]

wonder if any competitors might want to push higher than 3.95%... missed the one by Tiq earlier.

I'm also using SRS so no issue with 3 years.

 

[sohguanh]

It's true. GE pays interest in form of survival benefits.

But truthfully, whether insurer pay bonus every year or only at the end of 3yrs there is not much difference.

The main difference is upon death, GE will pay out more

There is a difference from my own perspective. Ignore the death and tpd just on rate alone, every year give is like FD 1 year take one time for three years so this is better.

 

[peacefulday]

Applied using srs. If got 10yrs even better

 

[abcde83]

Applied using srs. If got 10yrs even better

i want 20yrs..haha

 

[sohguanh]

Applied using srs. If got 10yrs even better

SRS stuck inside until 65 so it is a good choice to deploy to this Gro Ease else earn bank miserable 0.05%? Me not into SRS for deferred tax rebate though

 

[~sabaisabai~]

SRS stuck inside until 65 so it is a good choice to deploy to this Gro Ease else earn bank miserable 0.05%? Me not into SRS for deferred tax rebate though

did u use cash to subscribe this endowment?

 

[DevilPlate]

Me no SRS and I use cash to buy some.
Treat it as 3yr FD to complement my 18 mth CIMB FD

Now looking at 5yr tenure options like 5 yr SGS.
Is there any other viable option?

 

[sohguanh]

did u use cash to subscribe this endowment?

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.

 

[DevilPlate]

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.

reserve low then keep it liquid better and in case stock market plunge can buy dividend stocks like S reits.

 

[~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.

i got previous GE endowment, i nvr take out the interest

 

[sohguanh]

i got previous GE endowment, i nvr take out the interest

Can I check every year take and at maturity take is same amount? E.g maturity is X after 3 years. Then year 1 they will give X/3 exact ? Year 2 another X/3 and final year X/3

 

[sohguanh]

reserve low then keep it liquid better and in case stock market plunge can buy dividend stocks like S reits.

Low for this month but Mar onwards T-bill last year buy mature but not sure in time for this Gro Ease or not.

 

[DevilPlate]

If they pay out interest yearly meaning no auto compound.

 

[~sabaisabai~]

Can I check every year take and at maturity take is same amount? E.g maturity is X after 3 years. Then year 1 they will give X/3 exact ? Year 2 another X/3 and final year X/3

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

 

[DevilPlate]

Low for this month but Mar onwards T-bill last year buy mature but not sure in time for this Gro Ease or not.

High chance will be closed by end of this month or earlier.

 

[sohguanh]

High chance will be closed by end of this month or earlier.

Then hope GE offer their Sp series in Mar then. Competitor come out soon they will have one and maybe Tiq later too these are short term endowment insurance players playing turn by turn

 

[maumu]

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