Dear readers, there is currently one product on the market that offers 2.30% per annum interest with capital guaranteed. The aforementioned product is likely to be the highest interest-paying product on the markets that comes with capital guaranteed. This product also beats the Singapore Savings Bonds whose December 2019 Singapore Savings Bond pays an annual 1.71% interest if held to 10-year maturity period. So what is this product?
Well, it is none other than the latest endowment product from NTUC Income: NTUC Capital Plus. While the interest yield is attractive, my only thought is that investors who are interested in NTUC Capital Plus should ensure that they could hold the product for three years else otherwise if a better investment opportunity comes during their holding period (say a stocks markets corrections), then their monies would be locked up in the product and could not be deployed for better returns through investing at the most opportune times.
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