Aviva Early Redemption of BIG e

Just got a letter from AVIVA about the notice of early redemption of BIG e.

Last year, I invested my SRS retirement fund to AVIVA Big e, to earns bigger return of 3.5% per annum.

To be fair, 3.5% interest rate with no lock-in period, is quite attractive compared to any fixed deposit rates offered by any bank here at the point of time.

This is one of the good option for low risk investments.

Due to interest rates is dropping everywhere, Aviva adjusted the BIG e interest rate to 2.75% at Jan 2008.

Now, the market is getting uncertainty, AVIVA is unable to sustain the attractive interest rate for BIG e. Therefore, AVIVA will return all the BIG e funds to it’s investor on 26th February 2008.

I’m now start searching for alternative to park my SRS retirement fund.

Any recommendation for long term and low risk investment products?

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