Invest Round-up

Banks cater to customers' leisure and forex needs

A UOB customer checking exchange rates using the bank's Mighty FX service, which lets customers trade and transact quickly and conveniently in 11 currencies without being charged any currency conversion fees.
A UOB customer checking exchange rates using the bank's Mighty FX service, which lets customers trade and transact quickly and conveniently in 11 currencies without being charged any currency conversion fees.PHOTO: UNITED OVERSEAS BANK

The Sunday Times highlights three new insurance products, an entertainment benefit and a digital forex service.

This is a single premium plan aimed at affluent pre-retirees. It can be used as an avenue to supplement your retirement income or as part of your legacy planning.

The key benefits include guaranteed monthly cash payouts and a non-guaranteed cash bonus starting from the fifth policy year. The total projected yield is up to 4.16 per cent a year.

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A version of this article appeared in the print edition of The Sunday Times on March 04, 2018, with the headline 'Banks cater to customers' leisure and forex needs'. Print Edition | Subscribe