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.

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

NTUC Capital Plus (CPN35) June 2018

01 Sep, 2015

First Batch of Singapore Savings Bonds Available Today

09 Apr, 2015

LIC Wealth Plus 2

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.

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?

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 […]

Goh says 9 years ago

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

Vincent Teo says 9 years ago

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

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.

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 9 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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