(Photo credit: Great Eastern)
After almost a year of high inflation that is proving to be persistently sticky, I cannot emphasize how important it is to ensure that your cash savings are working harder than ever. The biggest mistake would be to leave the cash idle earning next to nothing and seeing inflation erode your purchasing power. Moreover, in a rising interest rate macro-environment, it literally pays to be a saver these days. How much? Well, I found out that it is to the tune of 4% p.a. Here is my review of Great Eastern’s GREAT SP Series 10 which is offering a guaranteed return of 4% after 1 year.
WHAT IS GREAT SP SERIES 10?
Great Eastern, a member of the OCBC Group, is the oldest and most established life insurance group in Singapore and Malaysia. It has launched
GREAT SP Series 10, a single premium non-participating plan with a guaranteed yield at maturity of 4% for a short-term commitment of 1 year....