Lastest S$ Deposit updates - Part 3

luckygal

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Can we open fd account on behalf of someone? With the person ic. Can we?
 

kurt111494

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Why would you guys put into FD instead of SSb or singapore govt treasuries?

Hmmm, to me, the long period needed (to reap the most interest) for SSB turns me off. Even if I can withdraw earlier, it will result in a low interest.

FDs allow more flexibility by putting in per 1/2/3 years, and the interest is not that bad.

Plus I think for the younger people out there where you will need more expenditure on housing/transport/kids etc, it's better to have more liquid cash on hand.
 

luckygal

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Let say I have opened the fd acc online for posb but decided to give it a miss, how do I close the acccount? If I just leave it, wonder if there is any penalty?
 

tan1688

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Let say I have opened the fd acc online for posb but decided to give it a miss, how do I close the acccount? If I just leave it, wonder if there is any penalty?

you can deposit fd $1 don't close the account :s13:
 
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