Fixed Deposit Promotion
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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?
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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 -
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. -
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: -
dasalo:
I think at or after age 55, the OA and SA will merge to form RA.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:
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 ... -
Nothing attractive at all from the banks/
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starlight1968sg:
Nothing attractive at all from the banks/
ya man. shortlisted 2, but it got to depend on individual preference commitment n appetite -
RHB offers as low as 1.2%pa for 12mth
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Ocbc has this interest linked structured deposit
6 yrs, min 5k
Half yearly coupon payout at 2.08%pa for first 3 yrs, then 2.18%pa for the remaining 3 yrs
Capital and the above rates guaranteed
For info only -
@starlight
Thanks! Sigh… still only 2%. And 0.10% better for second round of 3 years. LOL.
Singapore interest rates are horrible.
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