Lastest S$ Deposit updates - Part 3

peppermint7

peppermint7

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pratik28 said:


FD rates a decade ago , same same but different ! haha
Click to expand...

That was the time I pump into Refund to Housing instead. A few years later the interest rate enviro rises up to 4%+ which i heart pain inside for a few years :ROFLMAO:
We can't predict the future. SC RM told me current rate likely will drop further especially Kevin Warsh is taking over. He predicts likely many will go into funds / UT instead.
 
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maumu

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peppermint7 said:
That was the time I pump into Refund to Housing instead. A few years later the interest rate enviro rises up to 4%+ which i heart pain inside for a few years :ROFLMAO:
We can't predict the future. SC RM told me current rate likely will drop further especially Kevin Warsh is taking over. He predicts likely many will go into funds / UT instead.
Click to expand...
personally don't think it's ever a wrong decision to refund to housing. the short period when interest rose to 4+% will just be averaged out by long periods of low rates.

unless it's about putting into long-term bonds like SSB if haven't yet maxed out.

am also planning to refund to housing soon...
 
peppermint7

peppermint7

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maumu said:
personally don't think it's ever a wrong decision to refund to housing. the short period when interest rose to 4+% will just be averaged out by long periods of low rates.

unless it's about putting into long-term bonds like SSB if haven't yet maxed out.

am also planning to refund to housing soon...
Click to expand...
I refunded when I'm around 47. This year my fund is free. Just my luck the rates go back down to 1%+. On a bright side, it save my trouble i no need to shift out. Merry go round is also a headache out there.
 
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Nanonited

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peppermint7 said:
That was the time I pump into Refund to Housing instead. A few years later the interest rate enviro rises up to 4%+ which i heart pain inside for a few years :ROFLMAO:
We can't predict the future. SC RM told me current rate likely will drop further especially Kevin Warsh is taking over. He predicts likely many will go into funds / UT instead.
Click to expand...
Despite the high rates… stock market/precious metals all went up to ATH after ATH..

Tbh nowadays all the prediction is just market will keep going up and up.. since high rates property and equities also up, low also up. So when will market go down?
 
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maumu said:
personally don't think it's ever a wrong decision to refund to housing. the short period when interest rose to 4+% will just be averaged out by long periods of low rates.

unless it's about putting into long-term bonds like SSB if haven't yet maxed out.

am also planning to refund to housing soon...
Click to expand...
So what will you do with the funds you refunded? All in to the market?

i was too short sighted and did not max out all my SSB at 3%… regret being greedy for bank rates
 
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maumu

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Nanonited said:
So what will you do with the funds you refunded? All in to the market?

i was too short sighted and did not max out all my SSB at 3%… regret being greedy for bank rates
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eh. I just plan to park for 2.5% and treat it like FD... a few years' time will get to touch the money liao :o

at the same time I'm trying not to accumulate too much accrued interest so that when I sell, I don't need to pay too much back to myself insai CPF...
 
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maumu said:
eh. I just plan to park for 2.5% and treat it like FD... a few years' time will get to touch the money liao :o

at the same time I'm trying not to accumulate too much accrued interest so that when I sell, I don't need to pay too much back to myself insai CPF...
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Oh i am halfway to touching my CPF.. recently took a loan and was considering whether to totally not touch my CPF at all for downpayment but still decided to use my CPF as cash is still way more flexible than CPF.

Hard decision as i will be quite screwed if i use all cash and CPF policies change. My cash will be stuck
 
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Squaredot

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Nanonited said:
Oh i am halfway to touching my CPF.. recently took a loan and was considering whether to totally not touch my CPF at all for downpayment but still decided to use my CPF as cash is still way more flexible than CPF.

Hard decision as i will be quite screwed if i use all cash and CPF policies change. My cash will be stuck
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your decision is not wrong.
halfway sounds so young! Envy :grin:
 
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Hyruga

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Actually isn't it better to buy endowment since endowment interests is better than fixed deposit in general and endowment covers basic insurance.
 
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Hyruga

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everex

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TLCTLC88 said:
Can't move my FD from RHB as need to maintain my premier status.

And I already have FD with maybank, CIMB and HLF. Not keen with HL Bank due to bad experience.
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Hi, may I ask why keep premier status in RHB instead of moving to other premier banks? Thanks.
 
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TLCTLC88

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everex said:
Hi, may I ask why keep premier status in RHB instead of moving to other premier banks? Thanks.
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Slightly higher interest rates for Premier customers. I have a few FDs with RHB and all under Premier interest rates. If i move, it will affect the rest and will turn to public rates.
 
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