new structured deposit from ocbc

[unhinged_loon]

with the major indices at record high, is now a good time to buy and hold?

STI isn't at a all time high. It is only at a 2 year high.

 

[kael1n83]

0.6% if its at least 20k, 1.2% if its at least 40k for structured deposit

hmm so if 40k, and assuming one holds $70k in ocbc 360 account, then the $70k will earn $840 more.


attributing this additional interest to the structured deposit means it earns about 0.35% more per annum which makes it more palatable, but still not great..

 

[tiertime]

dont bothered
CPF pay more. anything less than CPF no need to think further. the banks are taking you for a ride by paying such low rates

but CPF once deposit in liao cannot take out for a lonnng time... I have checked with the CPF hotline officer and she admitted that IF the CPF board suddenly decides to decrease the interest for some reason.. you cannot do anything...

 

[crimsontactics]

but CPF once deposit in liao cannot take out for a lonnng time... I have checked with the CPF hotline officer and she admitted that IF the CPF board suddenly decides to decrease the interest for some reason.. you cannot do anything...

And the banks can't?

Have you read the T&C?

Sent from OPPO F1s using GAGT

 

[numbers]

And the banks can't?

Have you read the T&C?

Sent from OPPO F1s using GAGT

banks also may one day collapse like lehman brothers....but if CPF board collapses....it doesnt matter where u put your money, i think whole sg in trouble by then

 

[apatheticme]

And the banks can't?

Have you read the T&C?

Sent from OPPO F1s using GAGT

Banks can change interest rates, but you can always move your deposits, unlike the CPF.

 

[tiertime]

And the banks can't?

Have you read the T&C?

Sent from OPPO F1s using GAGT

Usually FD can be withdrawn at any point of time , just forfeit the interest... but CPF, once put in, you have to wait many years then can 'withdraw'... in small bits... coz they transfer to the RA...