Comments on: HSBC Guaranteed Saver Plus Premium Discount

By: TM Nest Egg (SP - Guaranteed 3)

TM Nest Egg (SP - Guaranteed 3) — Sun, 05 Jul 2009 07:15:10 +0000

[...] compete against similar plans that have been recently launched in the market. One of them is the HSBC Guaranteed Saver Plus which gives a yield of 2.25% to 2.75% (depending on amount invested). I suppose those who like [...]

By: chee

chee — Fri, 26 Jun 2009 07:19:30 +0000

Hi Lion ,

Thanks.

rgds

Chee

By: lioninvestor

lioninvestor — Thu, 25 Jun 2009 11:55:31 +0000

Hi Chee,

This is not a deposit and as such does not fall under the Singapore Deposit Insurance Act.

However, for insurance products – the Insurance Act provides for the setting up of a Policy Owner’s Protection Fund (”PPF”) to compensate policy owners. Under the current provisions, the PPF will cover up to 90% of an insurer’s liability on any life policy.

By: chee

chee — Thu, 25 Jun 2009 11:01:10 +0000

Hi Lion ,

Is this product fall under the Singapore Deposit Insurance Act ?
Please advise.

thks & rgds

Chee

By: chee

chee — Wed, 24 Jun 2009 10:08:29 +0000

Hi Lion ,

Is this product does not fall under the Singapore Deposit Insurance Act ?

thanks & rgds

Chee

By: Depp

Depp — Wed, 17 Jun 2009 13:47:20 +0000

Hi Lion ,

how do you view the asian currency ?

Will SG and RMB contiune to rise against the region asean?

By: lioninvestor

lioninvestor — Sun, 14 Jun 2009 13:57:10 +0000

Hi Intheknow,

Yes, there are higher yielding instruments around and this product might not be the best option for everyone.

Different strokes for different folks.

5-year SGS bonds is currently giving yield to maturity of 1.29% p.a.

By: Intheknow

Intheknow — Sun, 14 Jun 2009 09:53:19 +0000

2.75% p.a. for a 5 year investment is pathetic… sorry to say.

By: lioninvestor

lioninvestor — Sat, 13 Jun 2009 08:18:46 +0000

Hi CC Lim,

Apologies for being a bit unclear in my post. Please see the latest post for a more detailed illustration:

http://www.lioninvestor.com/what-i-meant-by-annualised-yield/

By: lioninvestor

lioninvestor — Sat, 13 Jun 2009 08:16:44 +0000

Hi Jasmin,

The product is offered as a single premium insurance product by HSBC Insurance and will not be affected by the failure of HSBC bank.

Please see my other post for a more detailed illustration on the yield:

http://www.lioninvestor.com/what-i-meant-by-annualised-yield/