After recently launching the POSB Invest Equities Series 1 (PIES1), DBS/POSB has introduced a sequel with an even less attractive rate of return and more complex payout calculations.

Following on the heels of POSB, Maybank Singapore has launched a new structured deposit (SD) product. The Maybank Blue Skies Structured Deposit is a 3-year SD product which requires a minimum investment of S$10,000 and is offered until 30 March 2010.

After the debacle of failed structured deposits (SD) leading from the collapse of Lehman Brothers, one would have expected SDs to have disappeared for good from Singapore’s retail investment scene. Instead, POSB has been making a major foray into promoting structured deposits.