This is really a good plan.
If you have a couple of thousand and you are planning on puttint it into a fixed deposit, you may think of putting it into this plan instead. It gives you 2.05% returns guaranteed.
The difference is you can’t withdraw it without penalties unlike fixed deposits.
But you get insurance coverage.
Nothing very much more to comment about.
Basically, put in a few thousand, every year get 2.05% for 3 years.
Better than fixed deposit rates.
But cannot withdraw.
But policy holder has insurance coverage during the period.
Singapore Government Bonds are probably better if you’re planning on holding for more than 3 years.
But if you’re looking at just a short term tenure for a very stable return with very low risk.
I suppose this is as good as it gets for now.
Not a sponsored post. I don’t get sponsors. LOL
But I was thinking about …