Lastest S$ Deposit updates - Part 3

[vsvs24]

you rather have some money in your hands, or no money?

Exactly what she said !

 

[Guojing88]

you rather have some money in your hands, or no money?

I rather have bank low interest than CPF.

You are probably saying this because you don't expect to live long.

But if you managed to live till 75 for example, you will regret saying this.

 

[item2sell]

my grandparents were above 80, my dad close to 80. so yeah, i guess i will live to minimum 70 (if i am lucky).

but i have not considered my lifespan when i make my decision to oust CPF out of my life as much as i can.

 

[qhong61]

you rather have some money in your hands, or no money?

I rather have bank low interest than CPF.

Good........

 

[Guojing88]

my grandparents were above 80, my dad close to 80. so yeah, i guess i will live to minimum 70 (if i am lucky).

but i have not considered my lifespan when i make my decision to oust CPF out of my life as much as i can.

If you think you will live long, why not have your retirement savings earn you 4% compared to what banks give you?

 

[item2sell]

If you think you will live long, why not have your retirement savings earn you 4% compared to what banks give you?

4% guarantee? After you put in, they change to 1%, you cry also no use.

 

[vsvs24]

If you think you will live long, why not have your retirement savings earn you 4% compared to what banks give you?

He already said he don't trust govt with CPF so want to withdraw as soon as allowed.

I also a bit worried. So far govt made it very clear that they want us to have enough to fend for ourselves. Policies will be changed to be geared towards this. Just look at the way they implement carelife shield forcefully.

 

[item2sell]

this works for me. you can try it.

write off your cpf.

replan your finances without it.
see if your retirement can work.
if ok, you don't need cpf.

if not ok, you are in deep sh+t

 

[vsvs24]

this works for me. you can try it.

write off your cpf.

replan your finances without it.
see if your retirement can work.
if ok, you don't need cpf.

if not ok, you are in deep sh+t

That's a bit extreme. My concern is that they change the policy to allow less to be withdrawn at and after 55. Not so much that my CPF funds will vanish such that I need to write off.

 

[Mr.Canberra]

Can meh? I doubt OCBC will allow you to game that way. 1.95% for 4 years is not attractive at all.

I beg to differ. This is the best risk free + no gimmicks deal right now.

Only downside is maximum $20,000 placement per name/account for 1.95% p.a.?

Low interest rates environment is here to stay at least till 2023. For excess idle funds it is good to lock in at better rates in medium term (3-4 Year) fixed deposits rather than short term (1-2 Year) fixed deposits.

Congratulations to those who locked in Maybank 2.05% p.a. (36 Months) during July 2020 before it ended.

Ya lor! Even if interest rate attractive, I also won't top up with cash, especially this timing. I had a friend who kept saying topping up CPF is the best investment. Unfortunately, one year before she turns 62, she passed away. It is quite sad to see people are unable to enjoy the fruits of their hard work.

Sad to hear your friend is unable to enjoy her fruits of labour.

Her strategy of risk free investment only works if can guarantee to live to a ripe old age. We cannot even predict what is going to happen in 1 hour let alone decades.

That's a bit extreme. My concern is that they change the policy to allow less to be withdrawn at and after 55. Not so much that my CPF funds will vanish such that I need to write off.

#ReturnOurCPF

Han Huihui will kee chiu!

 

[Guojing88]

https://www.cpf.gov.sg/members/FAQ/...avings from 55&folderid=12854&ajfaqid=2189257

If you opt for BRS, can’t withdraw interest and TOP up

Unless your top up and interest somehow exceeds the BRS, the rest you can take out right?

Money is fungible, why can't the money that comes from the top up and the interest, be the same money that is included in the BRS, and you take out the rest?

 

[Opps-gal]

What are the good FD promotion now?

 

[Sausage]

end of month coming, anyone shifted from savings acc to FD account?

 

[item2sell]

income gro at 1.96%pa 3 years

 

[yongsaver]

for those holding the DBS 4.7% NCPS...game over liao. bank just announced they redeeming the issue come Nov.

https://links.sgx.com/FileOpen/DBS ...ion_FINAL.ashx?App=Announcement&FileID=633312

 

[lzydata]

What are the good FD promotion now?

For 24 months, I was going to name HSBC's promotional rate at 1.4% pa, but I found that they have stopped it - it's now 1.1% pa. From $5k to $49,999.

Maybank's iSAVvy Time Deposit is at 1.2% pa for 24 months and 0.85% pa for 12 months.

https://www.maybank2u.com.sg/en/personal/accounts/time-deposit/isavvy-time-deposit.page?

 

[peppermint7]

for those holding the DBS 4.7% NCPS...game over liao. bank just announced they redeeming the issue come Nov.

https://links.sgx.com/FileOpen/DBS ...ion_FINAL.ashx?App=Announcement&FileID=633312

I no need do anything right? Account will auto close and $ auto into my acc?

Btw heng u sold off your HSBC bonds earlier. Now u can buy back cheep cheep

 

[yongsaver]

I no need do anything right? Account will auto close and $ auto into my acc?

Btw heng u sold off your HSBC bonds earlier. Now u can buy back cheep cheep

yep.

now just holding 5K of HSBC bonds nia.

 

[peppermint7]

yep.

now just holding 5K of HSBC bonds nia.

Tqq

Wah heng only 5k
Too bad the Ant IPO I'm not familiar how to apply. Otherwise that's a good one to hop in. I believe in Jack Ma

 

[yongsaver]

Tqq

Wah heng only 5k
Too bad the Ant IPO I'm not familiar how to apply. Otherwise that's a good one to hop in. I believe in Jack Ma

just buy when it list. for me will apply for the IPO. tikam tikam.