Fixed Deposit Promotion

[Zappy]

Yep, average for 10 yrs.

For the Feb issue, these are the rates yearly, but this rate is different for every month's issue.
http://www.sgs.gov.sg/savingsbonds/Your-SSB/This-months-bond.aspx

Apply through ATM or internet banking.

[TheAnswer]

Thanks for the info. Will discuss with hubby if he wants to put any of our spare cash inside.

[Zappy]

TheAnswer:

Thanks for the info. Will discuss with hubby if he wants to put any of our spare cash inside.

Btw, limited to max of 50k per tranche up to total of 100k.

[TheAnswer]

Zappy:

TheAnswer:

Thanks for the info. Will discuss with hubby if he wants to put any of our spare cash inside.

Btw, limited to max of 50k per tranche up to total of 100k.

Noted. We parked some of our excess somewhere else already. So SSB is only for the remaining.

[dasalo]

O/T - Just wondering, why none talk about leaving cash with CPF which pays the highest interest. ie. After full-filling the minimun sum (bonus too). ? Can someone enlighten me?

[starlight1968sg]

dasalo:

O/T - Just wondering, why none talk about leaving cash with CPF which pays the highest interest. ie. After full-filling the minimun sum (bonus too). ? Can someone enlighten me?

I guess one of the reasons could be unable to withdraw it easily
To maximise the return in cpf, one can consider transferring funds from OA to SA

[TheAnswer]

dasalo:

O/T - Just wondering, why none talk about leaving cash with CPF which pays the highest interest. ie. After full-filling the minimun sum (bonus too). ? Can someone enlighten me?

I'm 35 this year. Hubby 38. We are super faraway from official retirement. Many other options available.

[dasalo]

Does SA still exist after 55? Or 65? CPF allows only once a yr withdrawal or more?


Thanks Starlight!

* Hubby now says that i should pay for all bills from bank and he keeps his money in CPF. :yikes: :stompfeet:

[starlight1968sg]

dasalo:

Does SA still exist after 55? Or 65? CPF allows only once a yr withdrawal or more?


Thanks Starlight!

* Hubby now says that i should pay for all bills from bank and he keeps his money in CPF. :yikes: :stompfeet:

I think at or after age 55, the OA and SA will merge to form RA.

Many years ago when the interest rates for FD were high, I did place some OA in FDs offered by the bank. Those were the days ...

[starlight1968sg]

Nothing attractive at all from the banks/