Money No Enough: Fixed Deposits Lobang (1-mth FD included)

[Bad New Brown]

Just make sure you top up your special account to max FRS first to nullify the yearly increase. The 4% interest is more than adequate to cover the fuckup PAP's yearly increase.

Make sure housing loan is fully paid. If fully paid in CPF, you can now do periodic CPF housing refunds via the new CPF app. This allows you to earn interest at 2.5%, way better than any FDs. At 55, if you do not need the monies in Ordinary account, don't bother withdrawing. Leave inside. You can still take out any time after 55 should you need the money. It pays reasonably good interest.

Only when you have spare cash, then throw in FDs and other investment.

Bro Meng, I am still working now so still having employer contribution into SA and my MA is maxed liao The long term FD that I placed with commercial banks now for my old aged living and my emergency fund is very liquid in the saving accounts

I hope all the sacrifices that I make in this decade is more than sufficient to show those malicious people (if they live long enough to see) that sinkie men can also retire comfortable

 

[JustLikeThis]

Update:

CIMB increased 3mth Deposits to 1.7-1.8%pa after Najib brother (related to CIMB) got flagged for 1MDB.

 

[rushifa666]

Dumb sinkies. Especially okd dumb sjnkies qualified for mm2h. Interest here is better than any shit sinkieland has tk offer

 

[Hypocrite-The]

Hong Leong Bank (Not Hong Leong Finance) no lock-in period
(Reputable Malaysian Bank)

https://www.hlbank.com.sg/en/person...s-account-same-flexibility-higher-growth.html

How come the more money is in the account..the lesser the interest?

 

[whoami]

Update:

CIMB increased 3mth Deposits to 1.7-1.8%pa after Najib brother (related to CIMB) got flagged for 1MDB.

July FD for 1 year was 1.85%.

 

[halsey02]

place with PAP...5%

 

[AhMeng]

place with PAP...5%

Exactly. PAP is bestest.

 

[halsey02]

Exactly. PAP is bestest.

You get the euphoria that you are rich, looking at your deposits with the PAP grows, but....you may only get the money, not, 'when you are 64'..ha ha ha ..maybe 99 years of age...or as & when they think...for it will be yOUR MONEY...pays the best interests rates in town though.

 

[AhMeng]

You get the euphoria that you are rich, looking at your deposits with the PAP grows, but....you may only get the money, not, 'when you are 64'..ha ha ha ..maybe 99 years of age...or as & when they think...for it will be yOUR MONEY...pays the best interests rates in town though.

There's a price for everything.

 

[halsey02]

There's a price for everything.

Yes...but Sinkingporeans, have no choice but to pay the price...whether they voted or not for the PAP.