Maybank Saver Series 8 Structured Deposit

From 2 February to 5 March 2015, invest in Maybank Saver Series 8 Structured Deposit and earn up to 11% over 5 years, including a bonus interest of 1% at the end of Year 5.

Key info:

• 5-year Structured Deposit
• 100% Principal Guaranteed at Maturity
• Minimum Investment Amount of S$30,000

Tenure		Year 1	Year 2	Year 3	Year 4	Year 5	Potential Total Payout
Guaranteed Annual Payout	SGD	2%	2%	2%	2%	2% + 1%*	11%
* Bonus interest of 1% is only applicable at end of Year 5, if the 6-month Singapore Dollar Swap Offer Rate is 3.5% or above.

Please refer to the website for more details.

If you ask me, this may not be the best time to invest in structured deposits at 2% p.a. as we expect interest rates to go up this year and currently, banks are starting to offer interest rates of 1.5% p.a. for time deposits with a tenure of 12 months, so your funds get locked up for a shorter period of time. As a result, you can be more nimble to take advantage of any market opportunity that arises during the 5 year period.

Something to note when you invest in structured deposits is that you are exposed to the credit risk of Maybank, the issuer and early termination risk as Maybank has the option (but not the obligation) to terminate this product at the end of every year.

However, for those of us who prefer more interest rates certainty, it may not be a bad choice.
 

Maybank 5-Year Structured Deposit Promotion

From 27 Oct to 8 Dec 2014, invest in Maybank Saver Series 7 Structured Deposit and earn up to 11% over 5 years, including a bonus interest of 1%* at the end of Year 5.

Tenure		Year 1	Year 2	Year 3	Year 4	Year 5	Potential Total Payout
Guaranteed Annual Payout	SGD	2%	2%	2%	2%	2% + 1%*	11%
* Bonus interest of 1% is only applicable at end of Year 5, if the 6-month Singapore Dollar Swap Offer Rate is 3.5% or above. A minimum investment amount of S$30,000 is required and 100% principal is guaranteed at maturity. Please refer to the website for more details.

Standard Chartered 4 Year Step-Up Fixed Rate Structured Deposit 5 Promotion

Standard Chartered Bank is also offering structured deposit products to the retail investor. However, the interest rates offered seem less attractive than the recent UOB and Maybank ones. Details of issue are below:

Issuer	Standard Chartered Bank (Singapore) Limited ("SCBSL" or "the Bank")
Investment currency	SGD
Tenor	4 years
Application period	Application ends 03 November 2014
	(or earlier, subject to market conditions)
Start Date	11-Nov-14
Minimum investment amount	SGD 20,000
Interest rate payout	Year 1 to 4:
	Fixed interest of
	Y1: 1.50% p.a
	Y2: 1.50% p.a
	Y3: 1.60% p.a
	Y3: 1.60% p.a
	Total interest: 6.20%

Please refer to the website for more details.

UOB Structured Deposits Promotion

Looks like structured deposits are making a comeback at the banks.

From now till 8 Nov 2014, with a minimum of just S$5,000, you can invest in UOB Structured Deposit 2014 - Series (3). This 5-year and 11-month investment pays you an effective interest rate of 1.7774% p.a. or a total of 10.5% total guaranteed minimum interests (Being Total

Guaranteed Fixed Interest of 9.5% plus minimum Maturity Variable Interest of 1.0%) over the entire period. It is 100% principal guaranteed when held to maturity.

The Maturity Variable Interest up to 4% is linked to 5 Singapore based Company Shares.

Shares in Underlying Basket

• DBS Group Holdings Limited (“DBS”)
• Global Logistic Properties Limited ("GLP")
• Keppel Corporation Limited (“KEP”)
• Oversea-Chinese Banking Corporation ("OCBC")
• Singapore Telecommunications Limited ("ST")

* Also available in USD. Refer to UOB Structured Deposit 2014 - Series (5).

Please refer to the website for more details.

Standard Chartered 4-Year Structured Deposit

With a minimum investment of S$20,000, you can invest in a Structured Deposit from now till 5th September 2014. The fixed interest rate payout are as follows:
Year 1: 1.45% p.a.
Year 2: 1.45% p.a.
Year 3: 1.50% p.a.
Year 4: 1.90% p.a.
Total: 6.30% p.a.

Do note that this Structured Deposit is not a traditional deposit and is not protected under any government or private protection or compensation scheme. Hence, you may not receive the expected interest payments and you may lose some or all of your initial investment amount if:
1) the Bank defaults on any of its payment obligations under the Structured Deposit or becomes insolvent; or
2) certain events which subject the Structured Deposit to an early termination occur.

Please refer to the website for more details.