Cpf special account

[dork32]

i got some money in dbs savings which is giving me 0.05%. this is very low. i want to transfer my money to ocbc savings which gives me 0,05%. any idea how i can do this?

 

[sglandscape]

i got some money in dbs savings which is giving me 0.05%. this is very low. i want to transfer my money to ocbc savings which gives me 0,05%. any idea how i can do this?

why you want to move from one to the other and get same low rate? open a dbs my account, no fall below fee, close the dbs savings account.

open a Maribank account and get 2.7%.

 

[sglandscape]

i also have the intention to move out sa funds to say tbill ? if yes how can we move sa funds to tbill /9/ mi know yields may be less than 4 %) - but this bcoz sa will be put into oa in 2025..

any other option apart for tbill pl advise ...

any inputs is apprecuate d

why would you invest SA funds to Tbills? SA shielding no longer works either.

 

[Froggyman]

i also have the intention to move out sa funds to say tbill ? if yes how can we move sa funds to tbill /9/ mi know yields may be less than 4 %) - but this bcoz sa will be put into oa in 2025..

any other option apart for tbill pl advise ...

any inputs is apprecuate d

You are over Age 55 or going to be ??
Made no sense to use SA to buy T bills at the current rate.

 

[bargin]

i got some money in dbs savings which is giving me 0.05%. this is very low. i want to transfer my money to ocbc savings which gives me 0,05%. any idea how i can do this?

why dont open Maribank account giving 2.7% pa which earn daily interest and you can transfer dbs savings to Maribank account

 

[dork32]

why you people like maribank? it is such a tiny bank. dont know will collapse or not. dbs no1. ocbc no.2 confirm wont collapse

 

[sohguanh]

why you people like maribank? it is such a tiny bank. dont know will collapse or not. dbs no1. ocbc no.2 confirm wont collapse

This is called got options mah. You don't like cannot force all others don't like also. Analogy you like to eat durian does not mean everyone like some don't like the durian smell.

 

[dork32]

This is called got options mah. You don't like cannot force all others don't like also. Analogy you like to eat durian does not mean everyone like some don't like the durian smell.

why dont you tell the maribank supporters that? They are the one that cannot accept that i like ocbc and dbs. why is it that i have to like maribank like them

 

[BBCWatcher]

why you people like maribank? it is such a tiny bank. dont know will collapse or not.

Deposits at MariBank are covered up to SDIC limits.

dbs no1. ocbc no.2 confirm wont collapse

The Credit Suisse bailout literally just happened last year (2023). Of course it’s possible for a bank that’s large and systemically important (even beyond its home country) to fail. That literally just happened in another small country beginning with the letter S. However, deposits at DBS and OCBC are also covered up to SDIC limits.

 

[dork32]

Deposits at MariBank are covered up to SDIC limits.

The Credit Suisse bailout literally just happened last year (2023). Of course it’s possible for a bank that’s large and systemically important (even beyond its home country) to fail. That literally just happened in another small country beginning with the letter S. However, deposits at DBS and OCBC are also covered up to SDIC limits.

swiss is what lousy country. of course their bank die. we are singapore, we are number 1.

 

[dork32]

Deposits at MariBank are covered up to SDIC limits.

75 000? i got 75 mil. the lousy insurance can cover or not?

 

[BBCWatcher]

75 000?

S$100,000.

 

[dork32]

S$100,000.

that really makes a lot of difference

 

[dork32]

why are you all commenting on me. why dont you people comment on the guy that say putting the sa in tbill is a good idea because it is going to be transferred to oa at 55. tbill interest more than oa interest

 

[yuppieboy]

why are you all commenting on me. why dont you people comment on the guy that say putting the sa in tbill is a good idea because it is going to be transferred to oa at 55. tbill interest more than oa interest

Current Tbills is 3.4%pa and likely to fall further while SA is giving 4%. Does not make sense to go into Tbills. Even when SA is removed and funds are moved to OA, at 2.5%pa is still better off than the slightly higher Tbill rates considering the opportunity costs of losing 1 or 2 months of OA interests if funds are used to buy Tbills.

Therefore, with the Tbills rates likely to head lower, you are better off leaving your funds in OA instead.

 

[reddevil0728]

Current Tbills is 3.4%pa and likely to fall further while SA is giving 4%. Does not make sense to go into Tbills. Even when SA is removed and funds are moved to OA, at 2.5%pa is still better off than the slightly higher Tbill rates considering the opportunity costs of losing 1 or 2 months of OA interests if funds are used to buy Tbills.

Therefore, with the Tbills rates likely to head lower, you are better off leaving your funds in OA instead.

Sounds logical and rational.

but is ok to take a bet on t-bill still

but people do it with NC which makes no sense

 

[Pyroxene]

Question: If I achieve ERS, do my monthly contributions to SA now overflow to OA, or do they continue to go into SA?

This isn't a situation that is happening to me anytime soon, but I'm curious as to what happens in that situation.

 

[reddevil0728]

Question: If I achieve ERS, do my monthly contributions to SA now overflow to OA, or do they continue to go into SA?

This isn't a situation that is happening to me anytime soon, but I'm curious as to what happens in that situation.

continue to go into SA