Insurance
Great Eastern Great SP: 2-Year Endowment Plan with 1.8% p.a. Guaranteed Returns
By Seedly  •  May 6, 2020

The interest rate for this month’s Singapore Savings Bond (SSB) had many Singaporeans looking for an alternative to park their savings. 

One of our government-backed investment products now yields a return of an average of only 1.05% per annum.

Riding on this opportunity, we expect financial institutions out there to come out with more attractive investment and saving products for Singaporeans.

Great Eastern made their first move.

Great Eastern GREAT SP

Great Eastern just launched GREAT SP, and we saw that it is making its way around social media. Just thought we will cover it.

This new online endowment plan offering a guaranteed return of 1.80% per annum. While the return pales in comparison with the Great220 launched last year, I guess we will have to make do with the options available for our current climate.

On top of that, with the current stock market situation, this might be a

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By Seedly
Launched in 2016, Seedly helps users make smarter financial decisions with its budgeting app which allows its 40,000 users to sync up their financial accounts and better manage their cash-flow. Last year, we introduced a new community feature which allows users to crowdsource knowledge from peers before making a financial decision.
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