Another FD Beater

If you are "scared" of the equities market (or at least for now);
If you find that fixed deposit returns are not good enough;
There is still something to look at.....

I received info from "N" company on this promo that they are running til 31 Oct2008. Did my usual stuff, and plotted the results on this spreadsheet:The "best case scenario" of 3.21% is slightly better than NestEgg's 3.08%, both non-guaranteed.
I'm not asking that everyone make the rush to sign this up now. Look at the Guaranteed and Non-guaranteed portions and make an informed decision.
This may offer a good alternative to the "Fixed Deposit" part of a portfolio. In a nutshell, this may be good for:

1) people who put mid to long term in fixed deposit; Even the "worst case scenario" of 1.0%(normal)~1.2%(promo) p.a 0ver 5 years is slightly better than fixed deposit returns;

2) people who allocate 20% to 50% of portfolio into low-risk instruments;

Available using Cash, CPF-OA & SRS. My personal opinion on using these three:-
a) Cash: as per points 1) & 2) above
b) CPF-OA: It's a fairly good chance that the end results would be better than the 2.5% CPF interest.
c) SRS: as per points 1) & 2) above

On the side, the "extras" would be the 125% insurance coverage on death/TPD and "2 times sum assured+bonus" coverage on accidental death. Like I said, this is just "extras" and should not be the anchor of any informed decision.

Fixed Deposit rates reference: MAS

Feel free to contact waynekohwg@gmail.com / 8288.9005 (mobile) for details and clarifications.