For the risk-adverse, higher interest rates on your money often come tagged with multiple requirements or a reallllly long maturity period. However, there's a disruptive new offering that doesn't require you to tie up your money for 10 to 15 years anymore, yet you can get a competitive rate of 2.02% per annum, with your capital guaranteed and free insurance protection during the period.
Sounds too good to be true? Well, you'd better believe it!
I run a Facebook group supporting women on their personal finance journey (and questions), and not too long ago we had a brief discussion regarding FWD's newest endowment offering which promised 2.02% p.a. returns when one of my readers raised this to our attention:
The discussion was short because we concluded very quickly that this was a good deal. But the applications closed in August, so many of us didn't make ......
