Anonymous
GREAT SP Series 9 vs Manulife Goal 13
I read that GREAT SP Series 9 is a single premium non participating plan that offers guaranteed returns of 3.38% per annum and a capital guarantee upon maturity. Manulife Goal 13 is a similar single premium plan that offers guaranteed maturity rate of 6.98% with greater potential upside.
Between these two plans, would you recommend to take up the former since the overall performance of insurers' participating fund has dipped in recent years? Or would you rather invest in Singapore Savings Bond or others?
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Billy
10 Nov 2022
Development & Acquisitions Manager at Real Estate Private Equity
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Based on brochure number the Series 9 & goal 13 have a CAGR of 3.4% p.a. and 3.32% p.a for the guranteed portion, locked for 2 years.
SSB this month is ~3.47% p.a. and is liquid.
https://cagrcalculator.net/result/
Depend if you want to lock your money for 2 years and get 3%+ p.a. Or do you want liquidity and get 3%+p.a. for 10 years, risk-free.
Of course, if u are investing huge amount. U may need to buy ssb in few months, because many people buying, & amount not exceeding $200k.
I still prefer SSB
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Even OCBC is providing 3.4% and up (depending on which client-type you fall under) for 12 month Time Deposit: https://www.ocbc.com/personal-banking/deposits/...
I wouldn't recommend going with endowments