NTUC Income is back with another tranche* of Capital Plus (CSN4) starting on 24th March.Capital Plus is a single premium, 3-year endowment plan, the premise is very simple:
Guaranteed yield of 2.13% per annum
Minimum $20,000
Funded by Cash or SRS
Guaranteed Issue with no medical check ups required
*tranche simply means a layer of, usually refers to money.
A simple illustration for every $20,000 after 3 years will have a maturity value of $21,305.
Every $1,000 after 3 years will have maturity value of $1065.25
Main Features at a Glance
Act Quick!
This product is usually very popular, each tranche is picked up very quickly and will be fully subscribed within the week if not 1 or 2 days from release.
At time of writing, the interest rates of SSB is 1.46% and the fixed deposit rate stands at 1.45% (based on a 12 month fixed deposit by Maybank).
The post NTUC Income Capital Plus | 2.13% Guaranteed Interests Cash and SRS Approved appeared first on The Astute Parent.
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