This post is for the 2010 tranche of Capital Plus. For the June 2018 tranche, you can refer to this post:
NTUC just launched a new tranche of their Capital Plus a couple of days ago. Capital Plus is a single premium short-term endowment policy with guaranteed returns. You can invest using cash or funds from SRS. This product is available on a first come first serve basis and will be withdrawn once the sales allocation is reached.
Capital Plus (CPN23)
This plan is opened to all new and existing policyholders. It has a policy term of 2 years and a guaranteed yield of 1.4% p.a. upon maturity.
Capital Plus (CPN24)
This plan is exclusive to policyholders who are receiving their maturity proceeds from now till end of the year. It has a tenure of 2 years and a guaranteed yield of 1.7% p.a. upon maturity. Please note that this offer is not transferrable and policyholders will not be entitled to any reinvestment vouchers when they buy CPN24.
Application will be on a first-come-first-serve basis, except for the special reservation made for policyholders who are receiving their Capital Plus maturity in December 2010. Policyholders who are receiving Capital Plus maturity proceeds in December 2010 will be:
1. Receiving a letter from NTUC, inviting them to reinvest into CPN24.
2. Given guaranteed acceptance for the maturity proceeds, if the completed application form is received by 15 December 2010.
This offer is slightly superior to what Tokio Marine was previously offering for their TM Nest Egg (SP-Guaranteed 5) plan which gave 1.4% p.a. for three years.
ICICI bank used to (as recently as few weeks back) give very good rates for fixed deposit. They just reduced their rates but they are still giving among the best around in Singapore now.
Currently, they give 1.4% (amounts less than $50k) for their 2-year fixed deposit. This is equivalent to what NTUC is giving for their Capital Plus CPN23 series.
The current ICICI fixed deposit rates are as shown below:
Tenure < 50,000 < 100,000 >= 100,000
1 month 0.00% 0.00% 0.30%
3 months 0.15% 0.40% 0.67%
6 months 0.35% 0.60% 0.88%
9 months 0.55% 0.80% 1.05%
12 months 1.00% 1.25% 1.50%
24 months 1.40% 1.65% 1.90%
36 months 1.70% 1.95% 2.20%