Martin Lee @ Sg
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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.

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11 comments
Intheknow says 9 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 9 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 9 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 9 years ago

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

Reply
Vincent Teo says 9 years ago

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

Reply
    lioninvestor says 9 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 9 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 9 years ago

I thought the last tranche was at 1.4%pa!

Reply
    lioninvestor says 9 years ago

    Yes, this tranche is slightly higher.

    Reply
Intheknow says 9 years ago

getting pathetic…

1.6% p.a. for 2 years….

Reply
    lioninvestor says 9 years ago

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

    Reply
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