facebookSinglife's ADV => Earning 2.5% p.a. returns per annum. Returns are not guaranteed. How should I interpret "Returns are not guaranteed"? - Seedly

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Anonymous

16 Jun 2020

CPF

Singlife's ADV => Earning 2.5% p.a. returns per annum. Returns are not guaranteed. How should I interpret "Returns are not guaranteed"?

2.5% p.a interest is valid now until Singlife announce otherwise right? Why is it that "Returns are not guaranteed"?

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Discussion (2)

Gabriel

09 Apr 2020

Undergraduate at National University of Singapore

Hey Anon, it simply means that the interest rate is subject to changes at their discretion. Anyway, I contact their support previously and was told that they'll inform us by email should there be a change of interest rate. So for now, the returns are still at 2.5 interest p.a.

Your capital is guaranteed, so rest assured.

Hariz Arthur Maloy

26 Mar 2020

Independent Financial Advisor at Promiseland Independent

Singlife can decide to reduce the 2.5% interest rate. Your capital is protected but the interest rate can change. That's it.

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