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Old 14-06-2018, 10:39 AM   #1
Guppies Onli
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Default 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?
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Old 14-06-2018, 11:32 AM   #2
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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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Old 15-06-2018, 08:39 AM   #3
Guppies Onli
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So which FD now has a better rate?
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Old 15-06-2018, 10:06 AM   #4
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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.
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Old 15-06-2018, 10:34 AM   #5
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yep this year the FD rate dunno why so sian, make saving like so miserable.
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Old 15-06-2018, 02:59 PM   #6
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Quote:
Originally Posted by hkh View Post
Unless PAP falls like BN......else the bond is a better option compared to FD.......
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.
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Old 17-06-2018, 12:58 PM   #7
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Quote:
Originally Posted by globalcookie View Post
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.
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Old 17-06-2018, 10:36 PM   #8
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Is our hard time coming ??
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Old 18-06-2018, 09:19 AM   #9
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Exclamation

Hard times are great times.

Hit it as hard as you can.
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Old 19-06-2018, 12:26 PM   #10
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Quote:
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Is our hard time coming ??
I think majority of the people in Singapore is still happily in the third stage....
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