Lastest S$ Deposit updates - Part 3

[luckygal]

I think he took into account the compounded interest on the annual interest. So end of 3 yrs when u divide by 3 for simple interest, its 3.7%?

Oic. But Manulife is compounded interest too I think.

 

[Sambuca78]

If your SRS account is not with DBS, can you still apply using SRS for the SavvyEndowment?

Can, my SRS is with UOB, i went to DBS branch to apply the SavvyEndowment

 

[sglandscape]

Thought ntuc is 3.55 pa guaranteed. Where did you get 3.70?

By not assuming compound interest and dividing the rate by 3. This is how FDs are quoted for banks I believe.

 

[gobin74]

Hi just to understand what is go

Can, my SRS is with UOB, i went to DBS branch to apply the SavvyEndowment

Hi I do not have any DBs account only ocbc uob can I apply for this plz

 

[luckygal]

Can, my SRS is with UOB, i went to DBS branch to apply the SavvyEndowment

So you opted for Manulife instead of Income?

 

[Sambuca78]

So you opted for Manulife instead of Income?

I got the savvy endowment few mths back when it was 3.92%

 

[Sambuca78]

Hi just to understand what is go

Hi I do not have any DBs account only ocbc uob can I apply for this plz

This i dunno liao...

 

[Guojing88]

Can, my SRS is with UOB, i went to DBS branch to apply the SavvyEndowment

Thanks, no way to do it online?

 

[Sambuca78]

Thanks, no way to do it online?

Cannot, i called and asked them before.

 

[maumu]

anyone interested in the ntuc one? EIR 3.67% for 3 years right?

not sure whether to go for this or get another DBS SavvyEndowment / Manulife Goal which I had gotten earlier (but it was for 2-years).

fed news imply a couple more hikes moving forward and rates staying high till 2024... wonder should continue with t-bills or better to lock in now in the short-term saving endowments.

 

[zeroX26]

anyone interested in the ntuc one? EIR 3.67% for 3 years right?

not sure whether to go for this or get another DBS SavvyEndowment / Manulife Goal which I had gotten earlier (but it was for 2-years).

fed news imply a couple more hikes moving forward and rates staying high till 2024... wonder should continue with t-bills or better to lock in now in the short-term saving endowments.

Spread out over a few purchases lah. Not worth and very hard to catch the best rates one.

 

[maumu]

Spread out over a few purchases lah. Not worth and very hard to catch the best rates one.

yeah so I thought it's a bit too close to what I just bought recently (the 2-year endowment). wanna save bullets for next wave...

... but wonder why others like GE and Etiqa never roll out any new tranches. maybe loaded with cash already...

 

[McFadden]

Spread out over a few purchases lah. Not worth and very hard to catch the best rates one.

But this is partial insurance also right?that means some of your premium goes to insurance?

 

[zeroX26]

But this is partial insurance also right?that means some of your premium goes to insurance?

Only death and TPD benefits. Because its a single premium non-participating policy, I won't really be bothered about whether premium goes to insurance or not; they already guaranteed you how much they will pay you liao mah. I usually view such plans as the insurance company borrowing money from me and won't consider it part of my insurance coverage one.

 

[McFadden]

Only death and TPD benefits. Because its a single premium non-participating policy, I won't really be bothered about whether premium goes to insurance or not; they already guaranteed you how much they will pay you liao mah. I usually view such plans as the insurance company borrowing money from me and won't consider it part of my insurance coverage one.

If it's non participate,how they get their funds?

 

[zeroX26]

If it's non participate,how they get their funds?

I don't care. And I don't need to care as long the payout amount is promised.

 

[bberry]

anyone interested in the ntuc one? EIR 3.67% for 3 years right?

not sure whether to go for this or get another DBS SavvyEndowment / Manulife Goal which I had gotten earlier (but it was for 2-years).

fed news imply a couple more hikes moving forward and rates staying high till 2024... wonder should continue with t-bills or better to lock in now in the short-term saving endowments.

jus signed up yesterday with ntuc

 

[Hwsemb]

jus signed up yesterday with ntuc

Any idea what is the default maturity payout METHOD for NTUC?

For Manulife-DBS savvy endowment, it is going to be direct credit back to the POSB/DBS savings account used to fund the premium.

 

[vsvs24]

jus signed up yesterday with ntuc

Can share the process ?

Will get the policy/proposal number immediately after applying and then make payment ?

 

[vaxvms]

how abt prudential saving plan?