In Singapore, some insurance companies are give higher rate than bank for saving plans..?

Question

eg. NTUC income is giving 3% fixed interest rate for $20K+ for 5 yrs, is there any better rates given by other Insurance company ?

Answer 1

Financial products sold by insurance always attached some condition, such as minimum period, market performance and etc. Thus, you will need to read the policy carefully before signing and document.

There are several banks which offer up to 2% interest rate for fixed deposit, and it's normally 1 to 2 years. Thus. 3% intereste rate for 5 years need to consider further.