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14-06-2018, 10:39 AM | #1 |
Dragon
Join Date: Sep 2003
Posts: 1,457
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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? |
14-06-2018, 11:32 AM | #2 |
Prof SK Ong
Join Date: Jan 2009
Posts: 10,641
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Mopping up any liquidity that the population may have.
Caveat emptor Smart money Stupid money Who's the greater fool
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15-06-2018, 08:39 AM | #3 |
Dragon
Join Date: Sep 2003
Posts: 1,457
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So which FD now has a better rate?
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15-06-2018, 10:06 AM | #4 |
Arofanatic
Join Date: Jun 2003
Posts: 113
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Unless PAP falls like BN......else the bond is a better option compared to FD.......
Last edited by hkh; 15-06-2018 at 10:07 AM. |
15-06-2018, 10:34 AM | #5 |
Dragon
Join Date: Sep 2003
Posts: 1,457
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yep this year the FD rate dunno why so sian, make saving like so miserable.
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15-06-2018, 02:59 PM | #6 |
Dragon
Join Date: Nov 2007
Posts: 1,446
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17-06-2018, 12:58 PM | #7 |
Dragon
Join Date: Jan 2010
Posts: 1,479
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17-06-2018, 10:36 PM | #8 |
Arofanatic
Join Date: Jun 2003
Posts: 113
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Is our hard time coming ??
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18-06-2018, 09:19 AM | #9 |
Prof SK Ong
Join Date: Jan 2009
Posts: 10,641
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Hard times are great times.
Hit it as hard as you can.
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Just because it's a bad idea doesn't mean it won't be a good time. Use imgur for your photos sharing https://play.google.com/store/apps/d...m.imgur.mobile |
19-06-2018, 12:26 PM | #10 |
Dragon
Join Date: Jan 2010
Posts: 1,479
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