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    Fixed Deposit Promotion

    Scheduled Pinned Locked Moved Money Matters
    1.2k Posts 124 Posters 379.8k Views 1 Watching
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    • 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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                      • Liew Nga WingL Offline
                        Liew Nga Wing
                        last edited by

                        starlight1968sg\" post_id=\"2091073\" time=\"1669864784\" user_id=\"14025:

                        Why the banks need so much $$ by offering such high interest rates?
                        If our banks don't offer such high interest following the Federal Fund Rate of US, all the international capital or funds will leave Singapore and our financial market will collapse.

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