I need your advice. What are your views on POSB MoneySmart Kids? The financial advisor told me that the interest rate is 4% better than the interest on savings account. I need to grow money for my kids' education.
Pls refer to attached link. http://www.dbs.com/posb/
REPLY
As this is a life insurance policy, you should ask for a benefit illustration and look for the two key factors (i.e. distribution cost and effect of deduction) as explained in my FAQ and my financial planning book.
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