Many invest in bank fixed deposits and treat it as the most secure place to park their savings. However, fixed deposits should largely be viewed as a place to park money with the objective of preserving the capital rather than a means to create long-term wealth. Fixed deposits suit ultra-conservative investors as they do not settle for anything other than fixed and assured return with high safety.

However, ultra-conservative investors should look at traded insurance policies that give you a higher returns and policies are also back by SDIC in the event of default of insurers. Read more on SDIC website.

Purvis Policies vs Singapore Fixed Deposit Rates

Effective date, March 2020

12 mths 18 mths 24 mths 36 mths 48 mths 60 mths
Cash Deposit  Over $20K (% p.a.) 1.40% 1.40% 1.40% 1.40% 1.40% 1.40%
Purvis Traded Policies (% p.a.) 2.50% 2.50% 2.50% 3.00% 3.30% 3.50%

Featured Policy for Sale

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Policy Case

P2607

2 Yrs Tenure

Initial Investment:
$20,932.47

Yearly Premium:
$512.50 x 2 yrs

Total Investment:
$21,957.47

Return on Investment:
$23,375.00

Profit:
$1,417.53

IRR:
2.50%

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Policy Case

G2233

3 Yrs Tenure

Initial Investment:
$18,436.24

Yearly Premium:
$1,260.15 x 3 yrs

Total Investment:
$22,216.69

Return of Investment:
$24,508.00

Profit:
$2,291.31

IRR:
3.00%

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Policy Case

P7412

5 Yrs Tenure

Initial Investment:
$26,784.09

Yearly Premium:
$910.00 x 5 yrs

Total Investment:
$31,334.09

Return of Investment:
$37,321.00

Profit:
$5,986.91

IRR:
3.50%

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Policy Case

N8795

5 Yrs Tenure

Initial Investment:
$28,408.92

Yearly Premium:
$2,218.20 x 5 yrs

Total Investment:
$39,499.92

Return of Investment:
$46,835.00

Profit:
$7,335.08

IRR:
3.50%

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Current Policies for Sale

* Maturity value as projected by insurers

Yield To Maturity

YTM is up to 4.5% p.a. when you invest in Purvis Traded Endowment & Life Policies of 10 year tenure, compared, to a new policy with an average of less than 3% p.a.