AIA AUD$ Wealth Accumulator- Guaranteed yield up to 4.70%pa
AIA A$ Wealth Accumulator is launched today 17th February 2010.
AIA A$ Wealth Accumulator is a 4.5-year, non-participating Single Premium Endowment plan denominated in Australian Dollars.
The guaranteed yields (in AUD) for the following investment amounts are:
AIA A$ Wealth Accumulator is a 4.5-year, non-participating Single Premium Endowment plan denominated in Australian Dollars.
The guaranteed yields (in AUD) for the following investment amounts are:
Single Premium Amount (A$)
|
AIA A$ Wealth Accumulator
|
$10,000 - $29,000
|
4.50%pa
|
$30,000 - $74,000
|
4.60%pa
|
$75,000 and above
|
4.70%pa
|
Minimum investment is A$10,000 on Guaranteed Issuance (no medical underwriting).
Investment mode can be either via Cash, Cheque (AUD preferred) or Funds transfer to AIA’s AUD account with Citibank only. Payment in SGD will be subjected to current conversion at AIA’s prevailing exchange rates.
AIA A$ Wealth Accumulator serves as an option for those looking to diversify their portfolio with foreign currency investments, or would like to invest in the Australian Dollar for more specific goals (children's education and/or retirement in Australia). Notwithstanding, one could also invest directly through AUD term deposits (up to 12mths) via local banks or if one has an existing local Australian bank account would enjoy attractive local rates from Australian financial institutions (e.g. NAB and Commonwealth Bank).
Based on MAS historical exchange rate records, the AUD-SGD exchange rate graph is shown below for reference.
.jpg)
WARNING: Those who are not comfortable with holding foreign exchange investments or do not fully comprehend risks on investments with foreign exchange implications are best to avoid investing in such investment products.
