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    Fixed Deposit Promotion

    Scheduled Pinned Locked Moved Money Matters
    1.2k Posts 124 Posters 386.2k Views 1 Watching
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    • starlight1968sgS Offline
      starlight1968sg
      last edited by

      Am keen to use OA or SA. Am turning 55 next year.

      1 Reply Last reply Reply Quote 0
      • doodbugD Offline
        doodbug
        last edited by

        starlight1968sg\" post_id=\"2089045\" time=\"1668739482\" user_id=\"14025:

        Am keen to use OA or SA. Am turning 55 next year.
        for shielding, is it must time everything swee swee? (check date the T bill is returned to your CPF account....)

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        • zac's mumZ Offline
          zac's mum
          last edited by

          starlight1968sg\" post_id=\"2089045\" time=\"1668739482\" user_id=\"14025:

          Am keen to use OA or SA. Am turning 55 next year.
          U can use both like I did (2 separate physical forms). The adviser at the bank will be able to show u where on your CPF mobile app (under “Invest” tab) u can view the total amt in OA and SA u can invest.

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          • starlight1968sgS Offline
            starlight1968sg
            last edited by

            doodbug\" post_id=\"2089046\" time=\"1668739710\" user_id=\"13281:

            for shielding, is it must time everything swee swee? (check date the T bill is returned to your CPF account....)
            I think when ah gong takes my SA and it is not there, it will hv to take my OA. Thereafter my SA can return lor 🙂

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            • doodbugD Offline
              doodbug
              last edited by

              i think by the time my time 12 years down the road, ah gong will close this loop 😞


              that said i don't have much OA also as all used up for housing.

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              • mummyof3angelsM Offline
                mummyof3angels
                last edited by

                Hopefully FD rates will hit 5% - 6% p.a soon!


                https://www.straitstimes.com/business/banking/uob-raises-maximum-interest-rate-on-its-one-savings-account-to-78-joining-peers-in-deposits-race

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                • sharonkhooS Offline
                  sharonkhoo
                  last edited by

                  mummyof3angels\" post_id=\"2091056\" time=\"1669856628\" user_id=\"194437:

                  Hopefully FD rates will hit 5% - 6% p.a soon!

                  https://www.straitstimes.com/business/banking/uob-raises-maximum-interest-rate-on-its-one-savings-account-to-78-joining-peers-in-deposits-race
                  It will hit those who still have large outstanding loans hard, e.g. people with larger home loans to pay.

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                  • EstéemaE Offline
                    Estéema
                    last edited by

                    UOB raises maximum interest rate on its One savings account to 7.8%

                    https://www.straitstimes.com/business/banking/uob-raises-maximum-interest-rate-on-its-one-savings-account-to-78-joining-peers-in-deposits-race

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                    • mummyof3angelsM Offline
                      mummyof3angels
                      last edited by

                      slmkhoo\" post_id=\"2091057\" time=\"1669857273\" user_id=\"28674:

                      It will hit those who still have large outstanding loans hard, e.g. people with larger home loans to pay.
                      That is true, but on the flip side, they also benefited from the past 15 years of artificially low interest rates.

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                      • starlight1968sgS Offline
                        starlight1968sg
                        last edited by

                        Why the banks need so much $$ by offering such high interest rates?

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