It is ironic. Fixed deposit rollers always complain that the interest rate are too low yet they are most reluctant to commit longer period to preserve better return. The common misperception is that they can always shop around for the best deal whenever their one year fixed deposit is due.
The hard truth is that with years of falling interest rates, it has become increasingly challenging, if not impossible, for product providers to maintain short-term savings products with comparatively high returns.
Following the rate revision of NTUC Growth Plan, Tokio Marine Life Insurance will be replacing the current TM Wealth Enhancement (EnRICH) with a revised version with effect 2 July 2012.
This is a 5-year single premium participating endowment plan. The return was reasonable but I am sure the revised version will offer a less yield.