Fixed Deposit has been gradually dropping...

[Cowbellc]

just buy t bill.

Juz got rejected. I put 20k competitive 2.3%
Kanna refund.all back

 

[mcylo]

Juz got rejected. I put 20k competitive 2.3%
Kanna refund.all back

T bills now less than 2% right

 

[Lchlch]

Yes if i remember correctly. Tomorrow will check and head down for placement.

Alright bro...

 

[Lchlch]

I transfer to Syfe and Stashaway

Syfe interest is 1.9% right?

 

[born2fly]

Syfe interest is 1.9% right?

Depends you could go higher to 5.6 if you want to take a little risk

 

[Ironside]

Juz got rejected. I put 20k competitive 2.3%
Kanna refund.all back

you will not get to choose the interest. nowadays is below 1.5% for sure. if can get 1.3% or above can steal laugh. keep enough money to get through for at least 2-3years, if not market crash, you will need to sell off your good assets at discount. Charlie Munger and Warren Buffet taught me this.

 

[Atrina_Boy]

when can we expect FD interest raise 3 to 4% again ?

 

[Cowbellc]

T bills now less than 2% right

Ya. Last is 1.39. tot yr end rebond to 2.

 

[Cowbellc]

Syfe interest is 1.9% right?

Thkin of Syfe. Can explain pro n con, wat to look out for?
Gumsia

 

[Lchlch]

Thkin of Syfe. Can explain pro n con, wat to look out for?
Gumsia

I hv to ask my kid who invested in this dont know what ….

 

[Lchlch]

Ya. Last is 1.39. tot yr end rebond to 2.

Lesser than FD 1.4%

 

[Starabby]

just notified by ICBC the FD rate is 1.1%

 

[audiovideo]

all below 1.5% jialat
soon need to park half of resale proceed reh
lucky the other half can leave in cpf earn 2.5%

 

[Lchlch]

when can we expect FD interest raise 3 to 4% again ?

Bro, if can raise to 1.5 to 1.8 next year, i will be contented.

 

[Lchlch]

just notified by ICBC the FD rate is 1.1%

Not over the counter ya or via mobile app apply?

 

[Lchlch]

all below 1.5% jialat
soon need to park half of resale proceed reh
lucky the other half can leave in cpf earn 2.5%

My thought bro.
might force many elderly to withdraw out the money….probably banks holding too much cash on hand, need to release out..?

 

[audiovideo]

My thought bro.
might force many elderly to withdraw out the money….probably banks holding too much cash on hand, need to release out..?

not a good sign

 

[Starabby]

Not over the counter ya or via mobile app apply?

auto renew and notified via mobile sms

 

[askxyz]

Bro, if can raise to 1.5 to 1.8 next year, i will be contented.

only going down. more rate cuts coming leh

 

[Atrina_Boy]

Bro, if can raise to 1.5 to 1.8 next year, i will be contented.

so low
better show hand to CPF. higher interest...lol