Serious Is cpf short changing ppl with 2.5% rates?

[hbk75]

 

[laksaboy]

If your child has been kidnapped and held hostage, do you really need to care what the kidnappers have been feeding him or her?

Wake the fuck up, daft Sinkies.

 

[face the facts]

pay u 10% also no use, main problem is cannot take back your money before you mati. especially medisave...haha

 

[JohnTan]

View attachment 166328

Was CPF giving out free cash to sinkies when bank savings rate was at 0.1% per annum while CPF savings interest rates were over 20 times higher at 2.4%?

 

[hbk75]

Was CPF giving out free cash to sinkies when bank savings rate was at 0.1% per annum while CPF savings interest rates were over 20 times higher at 2.4%?

But cpf deposits is permanent. Some died of booster dun even get to collect.

 

[JohnTan]

But cpf deposits is permanent. Some died of booster dun even get to collect.

Yup. So sinkies earned decades of very much higher savings interest when they put their money in CPF instead of in banks.

They should be on their knees thanking the PAP.

 

[bobby]

CPF is not a bank...so they can suka suka pay you whatever they want.

If not happy...close the account.

 

[hbk75]

Yup. So sinkies earned decades of very much higher savings interest when they put their money in CPF instead of in banks.

They should be on their knees thanking the PAP.

so if banks interest goes up to 10%. cpf can also continue giving 2.5% saying last time low rates time also gave u 2.5%? past is the past. stop dwelling on it.

 

[Chase]

If CPF rate increased, my HDB loan interest will also increase.

This recent article talked about the imaginary HDB interest rate floor of 3%
https://www.businesstimes.com.sg/re...-tightened-in-fresh-measures-to-cool-property

 

[hbk75]

If CPF rate increased, my HDB loan interest will also increase.

This recent article talked about the imaginary HDB interest rate floor of 3%
https://www.businesstimes.com.sg/re...-tightened-in-fresh-measures-to-cool-property

Need to be fair to those that never borrow right?

 

[JohnTan]

so if banks interest goes up to 10%. cpf can also continue giving 2.5% saying last time low rates time also gave u 2.5%? past is the past. stop dwelling on it.

You don't want to dwell on the past because the past do not support your nonsensical ideas about PAP shortchanging sinkies interest payment.

The hard truth is that the PAP CPF had been paying 20 times above the market interest rates for many years. Didn't see you complaining about it.

 

[Chase]

Need to be fair to those that never borrow right?

my rich friends use CPF OA for 3-4%pa T-bills.
They buy with their internet banking account linked to CDP but I don't if we can use 100% of the OA balance or part of it.

 

[batman1]

so if banks interest goes up to 10%. cpf can also continue giving 2.5% saying last time low rates time also gave u 2.5%? past is the past. stop dwelling on it.

The balance surplus of 7.50% transferred to CPF as Agent Fees .

 

[hbk75]

The balance surplus of 7.50% transferred to CPF as Agent Fees .

If I am cpf I take the money buy t bills at 4% plus then give 2.5% to sinkies. Middle man can earn 1.6% for doing nothing

 

[hbk75]

You don't want to dwell on the past because the past do not support your nonsensical ideas about PAP shortchanging sinkies interest payment.

The hard truth is that the PAP CPF had been paying 20 times above the market interest rates for many years. Didn't see you complaining about it.

Still short changing ppl. Stop living in the past. No more cheap money so cpf is trying to rip sinkies off by giving low rates?

 

[hbk75]

my rich friends use CPF OA for 3-4%pa T-bills.
They buy with their internet banking account linked to CDP but I don't if we can use 100% of the OA balance or part of it.

T bills can use cpf buy?

 

[Chase]

T bills can use cpf buy?

friends said can, next launch is this coming weekend.
I don't have spare cash so never tried.