Martin Lee @ Sg
Sharing is Caring!

Launch of NTUC Capital Plus (CPN16)

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.indian coins

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

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.

Leave a Comment:

11 comments
Intheknow says 10 years ago

insurance companies are FOR PROFIT companies.

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

Reply
Singaporean says 10 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?

Reply
Extension of NTUC Capital Plus says 10 years ago

[…] Income has increased their tranche of Capital Plus (CPN16) and will be extending the offer of this plan till 21st December 2009 (next […]

Reply
Goh says 10 years ago

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

Reply
Vincent Teo says 10 years ago

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

Reply
    lioninvestor says 10 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.

    Reply
      Vincent Teo says 10 years ago

      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.

      Reply
Jasmin says 10 years ago

I thought the last tranche was at 1.4%pa!

Reply
    lioninvestor says 10 years ago

    Yes, this tranche is slightly higher.

    Reply
Intheknow says 10 years ago

getting pathetic…

1.6% p.a. for 2 years….

Reply
    lioninvestor says 10 years ago

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

    Reply
Add Your Reply