Fixed Deposit Promotion

[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/

[MyPillow]

starlight1968sg:

Nothing attractive at all from the banks/

ya man. shortlisted 2, but it got to depend on individual preference commitment n appetite

[starlight1968sg]

RHB offers as low as 1.2%pa for 12mth

[starlight1968sg]

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

[adhd.041031dad]

@starlight


Thanks! Sigh… still only 2%. And 0.10% better for second round of 3 years. LOL.
Singapore interest rates are horrible.

[starlight1968sg]

1.2%pa for 11mth min 25k

https://www.sc.com/sg/save/term-deposit-sgd-dollar.html

[mjl]

Bangkok Bank 50k 1 yr 1.5%, 18 mths 1.7%, 2 yrs 1.8%


I think there is only one branch in Singapore, at Cecil Street.

Deposit insurance of 50k applies, in case you are worried the bank is small.