Launch of NTUC Capital Plus (CPN16)

14 years ago
/ Endowment Savings
/ By Martin Lee
/ 11 COMMENTS

NTUC Income just launched their latest tranche of Capital Plus yesterday.

Capital Plus CPN16 is a single premium non-participating plan which offers a guaranteed return of 1.6% p.a. for a 2 year term, available for new and exisiting policyholders. This means an initial investment of $10,000 will have a maturity value of $10323.

The minimum investment is $10000 and can only be bought using cash and funds from SRS.

Application will be closed once they have reached $25m or 14 Dec 2009, whichever is earlier. Application is on a first-come-first-serve basis.

For comparison, the current fixed deposit rates are as follows (figures provided by NTUC):

Bank	S$ Fixed Deposits, Rates Per Annum
Bank	12-Mth	18-Mth	24-Mth
DBS	0.45%	0.60%	0.70%
OCBC	0.55%	0.60%	0.70%
UOB	0.45%	0.60%	0.70%
Citibank	0.45%	0.60%	0.70%
HSBC	0.48%	NA	NA
Maybank	0.88%	1.00%	1.00%
StandChart	0.35%	0.72%	0.76%
RHB	0.75%	0.88%	1.13%
Average	0.54%	0.71%	0.81%

The table doesn’t include CIMB which currently offers 1.2% for a 12-month fixed deposit and 1.4% for a 24-month fixed deposit.

05 Jun, 2018

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First Batch of Singapore Savings Bonds Available Today

09 Apr, 2015

LIC Wealth Plus 2

Intheknow says 14 years ago

insurance companies are FOR PROFIT companies.

of course they charge you a lot for loans and pay you peanuts for deposits.

Singaporean says 14 years ago

If you borrow your own money from your policies you are charged 6% (approx). How many percent is that above what you are paid for putting your money with them at 1.6%? Why is it that one has to pay so much higher interest when taking one’s own money yet the same co-operative that is supposed to be “from the people, for the people” is giving so little when they are borrowing from the people?

Goh says 14 years ago

How do you buy a government bond? What is the minimum sum?

Vincent Teo says 14 years ago

Buy Singapore Govt Bond. At least you can liquidate anytime without penalty.

lioninvestor says 14 years ago

Hi Vincent,

Actually, when you sell a government bond, it will be at the market price. It can be higher or lower than your initial purchase price.

Hi Lioninvestor

I do understand the working of govt bond. At least you have a chance to either sell higher and you do not incurr penalty charges. If you try to liquidate your NTUC Capital Plus, it is confirmed 100% you have to face heavy penalties that may eat into your initial capital.

Jasmin says 14 years ago

I thought the last tranche was at 1.4%pa!

Yes, this tranche is slightly higher.

getting pathetic…

1.6% p.a. for 2 years….

Yes…Started at 2% 1 year back but now the rates are low across the board.

Launch of NTUC Capital Plus (CPN16)

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