Money Money Money
 

Many of us here already over 50s, WuLingGaoShou and may have taken our first round of CPF money. This year since Chinese New Year the bank FD rate doesn't seem attractive at all and no special rate like last year or before.

Recently the news mentioned about Singapore Saving Bonds rate seem to be better than FD rate. Also no penalty for early withdrawal and deposits in multiples of $500 to max $100k each person. Must have CDP account to deposit, each transaction $2 charge.

This month closing is 26 Jun, can deposit every month. Anyone already have it, can share is it good?

Mopping up any liquidity that the population may have.


Caveat emptor

Smart money
Stupid money

Who's the greater fool

:D

So which FD now has a better rate?

Unless PAP falls like BN......else the bond is a better option compared to FD.......

yep this year the FD rate dunno why so sian, make saving like so miserable.

Not impossible.... like some years back, some said it is IMPOSSIBLE for BN to fall. Today, BN holds less than One-Third of the 222 parliament seats.

Is our hard time coming ??

Hard times are great times.

Hit it as hard as you can.

I think majority of the people in Singapore is still happily in the third stage....