facebookThoughts on the Great Eastern SP Series 2 (1 year endowment) plan that pays 1.05% pa after maxing out 10k in Singlife? - Seedly

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Anonymous

02 Feb 2021

Insurance

Thoughts on the Great Eastern SP Series 2 (1 year endowment) plan that pays 1.05% pa after maxing out 10k in Singlife?

I have already maxed out 10k in Singlife.

Discussion (4)

What are your thoughts?

PolicyPal

PolicyPal

22 Sep 2020

Level 11·Official Account at PolicyPal

GREAT SP Series 2 offers 1.05%p. guaranteed return for a one year lock-in period. While it is attractive, there are some other products in the market you can consider.

If you can afford a longer lock-in period, we would recommend you to check out eEASY save V. It provides you with a higher return of 2.68% p.a. guaranteed return for the first six years.

If you are not keen to lock up your funds for six years but would still like high returns, do keep a lookout on our blog as we have something exciting coming up.

Interest after first 10k is 1%, close to 1.05%. Unless the sum is huge, the difference of 0.05% is not worth the trouble switching.

The term is short and return is guaranteed. If this suits your needs then it is a good product...

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