Martin Lee @ Sg
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Closure of NTUC Capital Plus CPN23

Looks like many Singaporeans are hungry for yield.

Just not too long after its launched, NTUC Capital Plus CPN23 has been fully subscribed and will be closed today at 12pm.

The CPN23 was giving a yield of 1.4% p.a. for a 2-year duration, which was what ICICI bank was giving for any fixed deposits less than S$50k. Quite surprising at the huge takeup as ICICI even gave higher interest rates for amounts S$50k and above.

Capital Plus CPN24, which gives a yield of 1.7% p.a. for a 2-year duration, is still available.

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2 comments
DanielP says 8 years ago

It is likely many did not know about the ICICI rates, also some may not be comfortable placing a deposit in a bank they never heard of.

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The Watchman says 8 years ago

you should know……consumers trust their salesmen and what the salesmen give in return? Kenna conned. This is the game. No matter what you say consumers are deaf to advice.
Between capital plus and FD by ICICI, ICICI has NO risk of capital loss. It is liquid.. Whereas capital plus there is a risk of loss if buyer should liquidate prematurely.
CONCLUSION:::::Generally speaking consumers are clueless about anything financial. The problem they refuse to admit.

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