cwng3 發表於 17-6-20 11:08
Tried to read the detail and think any trick inside. Thing we need to think and compare is. How mu ...
Thanks for your reply!
I agree the most comparable is fixed deposit. For me, I think one point FXD product better than fixed deposit is that they offer daily interest VS fixed deposit need to wait for a certain period of time. If we redeem the fixed deposit within the certain period, we can only get back the premium without interest.
But thanks for bringing up the redemption time for FXD one may need 6 months
Tried to read the detail and think any trick inside. Thing we need to think and compare is. How much fixed deposit offer by the bank ? Is the extra risk justified by premium (extra interest rate) we earn ?
From the term, seems min balance need to be kept but not sure for how long. Not sure if we can get back after year 3 ? If not, then we cannot treat it just as a 3yr fixed deposit. And from yr 4, they only guarantee the depo rate is not less than 0%.
Finally, I see below in the term about early redemption. Not sure how long we need to take normally but they have right to delay for 6months.
本公司從收到填妥的申請書當日起計，有權延遲最多六 (6) 個月才發放部分退保權益。
I remember some indian banks can offer kind of 1.6% 6m fixed deposit (few weeks ago, hope my memory is correct). Is 40bps extra justified for 2.5y more locking period, worse credit, less liquidity? If you are fine on above, can try this product.....
Happy to discuss and please point out if my understanding is incorrect.
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