Anonymous
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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Gabriel
09 Apr 2020
Undergraduate at National University of Singapore
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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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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.