Fixed Deposit has been gradually dropping...

Dopod007

Arch-Supremacy Member
Joined
Jul 10, 2007
Messages
15,708
Reaction score
51,277
Cash will devaluate over long term. Putting in FD earning 2.5% is still below inflation of 4-5 %. Better to invest money in property, stocks, gold and silver
 

bruiser69

Supremacy Member
Joined
Jul 9, 2021
Messages
9,145
Reaction score
4,453
With falling rates everywhere, currently Sing Finance looks like the best @ 1.3% for its Go Savers account. No need to jump any hoops :o

GXS 1.3% rate is only for its Boost Pockets aka FD :(
 

Lchlch

Honorary Member
Joined
Jul 8, 2021
Messages
140,155
Reaction score
121,050
With the on going war, oil crisis, etc etc..
Will fixed deposit spiral downwards even more???
Will dividends you buy drop?
 
Important Forum Advisory Note
This forum is moderated by volunteer moderators who will react only to members' feedback on posts. Moderators are not employees or representatives of HWZ Forums. Forum members and moderators are responsible for their own posts. Please refer to our Community Guidelines and Standards and Terms and Conditions for more information.
Top