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Old 18-09-2018, 07:46 AM   #23
thevaluefund
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Join Date: Aug 2016
Posts: 120
I suppose u can use the OA as a standby bank account with 2.5% interest rate if u really want.

The property charge to remain is good. (Amount used + accrued interest). Benefit is that you’re allowed to do a payback anytime. If they remove this, than you won’t be able to do this payback.

Idea is when officially retire, exit stock market, surrender ILPs and use the lump sum to do the “payback” into OA.

This OA account can than serve as your regular bank account with 2.5% pa. risk-free without any strings attached. Unlike what the banks need u to do in order to pay u a higher interest.(OCBC one/DBS Multiplier)
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