Fixed Deposit has been gradually dropping...

[Lchlch]

That is terrible.
Probably elderly who placed f ds might earning interest chop by half by now.
Col is rising.
Fd interest is spiraling downwards..

 

[euro2012]

fd interest drop until left 2.1-2.2 nia sian..

 

[Anghtj]

fd interest drop until left 2.1-2.2 nia sian..

GXS bank got 2.58% for 3 months. No need to thank me

 

[qhong61]

That is terrible.
Probably elderly who placed f ds might earning interest chop by half by now.
Col is rising.
Fd interest is spiraling downwards..

When the interest is their only passive income.

 

[Jackal84]

GXS 2.58%
maribank 2.28%
chocolate 3.2%

Put it into Mari Invest Save plus. 2.86% for now.

But don't put it into Mari Invest income. The NAV fluctuates.

 

[buttbERry]

time to reinvest else where ba

 

[pmetpmet]

Time to buy SGX stocks

 

[wutawa]

I heard about fed rate in the news...
Meaning if fed rate up, fd also up.
If fed rate reduce, fd also reduce.
Am I right?

Sg FD up when fed rate up to prevent too much money flowing out of sg.
US in big debts because of post COVID high rate, must cut rate to mitigate

 

[1982-1994]

Rent out a bedroom no $ problem liao







O wait.... still got tenant problem

 

[wutawa]

Put it into Mari Invest Save plus. 2.86% for now.

But don't put it into Mari Invest income. The NAV fluctuates.

All my savings in saveplus but I tink the return is around 2.3% bah

 

[buttbERry]

Time to buy SGX stocks

US stocks better ba

 

[loveboon]

GXS 2.58%
maribank 2.28%
chocolate 3.2%

Pretty good unlike trust bank already dropped to 0.75%

 

[Lchlch]

Banks can't invest too much money..

 

[qhong61]

All my savings in saveplus but I tink the return is around 2.3% bah

What is save plus

 

[huihong]

What is save plus

https://www.maribank.sg/product/mari-invest/saveplus

 

[orlengtao]

Last year, plenty of rounds to put into ssb to max out your ssb at 3.2-3.5% for 10 years with a cap of 200k. Many never look long term and put in bank or fd instead. Hahaha, heng I maxed.

Anyway lower interest rate means better for businesses and for the economy. It's a good sign.

 

[qhong61]

https://www.maribank.sg/product/mari-invest/saveplus

Thanks

 

[SOLDIER 1st Class]

GXS bank got 2.58% for 3 months. No need to thank me

it will be 0.645% for the 3 mths fd

 

[desiresale]

I remember 2 year ago, fd is 3.something precent.

Before covid kicked in, FD interest rate had been low. 1+% nia. For senior citizen, some bank got give some minor xtra %, can steal laugh liao.

You wan safe investment option, then cannot expect high yield

 

[sporeknight76]

All my savings in saveplus but I tink the return is around 2.3% bah

Is not capital protected rite? Is a investment