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Citibank: 3.2% for 12 month FD
05-10-2022, 06:59 PM
I wil only support UOB local bank and Bk of China. Recalling back Lehman bros saga when Citibank almost goes bankrupt make me eerie.
05-10-2022, 07:03 PM
..
CPF Management easily made 0.70% profit margin W/O doing anything.
3.20% - 2.50%= 0.70% . Its Daylight robbery.
CPF members are the losers
CPF Management easily made 0.70% profit margin W/O doing anything.
3.20% - 2.50%= 0.70% . Its Daylight robbery.
CPF members are the losers
05-10-2022, 07:05 PM
Now Citi offered 3.20% shows that interest rates will still keep rising. Shiok.......
Thinking is difficult, that's why most people judge
Carl Jung
05-10-2022, 07:55 PM
Wow FD race .... will it hit 6% like during the 80s?
05-10-2022, 08:10 PM
Had fd with them bef now no more.
Do not talk to a fool for he will scorn the wisdom of your words
☝️
05-10-2022, 08:41 PM
Remember is a bank goes bankrupt, you can put in half a mil FD and you get 75k back only. Dun say I never warn you.
05-10-2022, 09:17 PM
Later you realised USD deposit offers higher interest rates.
05-10-2022, 10:06 PM
(05-10-2022, 06:59 PM)Gemstar Wrote: I wil only support UOB local bank and Bk of China. Recalling back Lehman bros saga when Citibank almost goes bankrupt make me eerie.
Dont worry lah. SDIC now guarantee 75k SGD.
But this guarantee capital will change one hor.
“Be who you are and say what you feel, because those who mind don't matter and those who matter don't mind"
05-10-2022, 10:08 PM
05-10-2022, 10:08 PM
“Be who you are and say what you feel, because those who mind don't matter and those who matter don't mind"
05-10-2022, 10:09 PM
“Be who you are and say what you feel, because those who mind don't matter and those who matter don't mind"
06-10-2022, 07:37 AM
(05-10-2022, 07:03 PM)Scythian Wrote: ..
CPF Management easily made 0.70% profit margin W/O doing anything.
3.20% - 2.50%= 0.70% . Its Daylight robbery.
CPF members are the losers
One in four people who made top-ups for themselves or their family members in 2022 has been doing so for at least three consecutive years, said CPF.
"Qannum with zero risk," said the agency.
"With higher balances in their CPF, members can enjoy higher CPF LIFE monthly retirement payouts, no matter how long they live."
06-10-2022, 07:42 AM
(06-10-2022, 07:37 AM)Teeth53 Wrote: "With higher balances in their CPF, members can enjoy higher CPF LIFE monthly retirement payouts, no matter how long they live."
Higher payout is how much?
I understand now the payouts for non CPF LIFE is something like $450 per month until the fund runs out. With today's inflation. how many cai-png meals can $450 buy? ....
Thinking is difficult, that's why most people judge
Carl Jung
06-10-2022, 11:35 AM
When time is bad many people don’t have money to bank in
So fd interest rates go up to attract lenders.
So fd interest rates go up to attract lenders.
Do not talk to a fool for he will scorn the wisdom of your words
☝️
06-10-2022, 11:39 AM
(06-10-2022, 07:42 AM)Huliwang Wrote: Higher payout is how much?
I understand now the payouts for non CPF LIFE is something like $450 per month until the fund runs out. With today's inflation. how many cai-png meals can $450 buy? ....
$450 can buy around 90 chap Chye png for simple meal which can last 2 meals for 1 month.
Do not talk to a fool for he will scorn the wisdom of your words
☝️
06-10-2022, 05:20 PM
(06-10-2022, 07:42 AM)Huliwang Wrote: Higher payout is how much?
I understand now the payouts for non CPF LIFE is something like $450 per month until the fund runs out. With today's inflation. how many cai-png meals can $450 buy? ....
My CPF is non Life one.
I'm receiving a lot more than that. But it is not for life.
Only CPF Life is for life , that's why it is so-called.
06-10-2022, 08:58 PM
06-10-2022, 09:00 PM
06-10-2022, 09:02 PM
07-10-2022, 09:28 AM
(05-10-2022, 07:03 PM)Scythian Wrote: ..There is no adjustment for OA interest after many years despite inflation and GST increased
CPF Management easily made 0.70% profit margin W/O doing anything.
3.20% - 2.50%= 0.70% . Its Daylight robbery.
CPF members are the losers
Why?
The same goes to housing loan rate from CPF at 2.6%
Look at the present salary most employees are paid
most buyers still feel the resale price of HDB still affordable or rather not expensive
Resale price of HDB and private property both are increasing non stop.
Still can't see light at end of tunnel.
Hesitate to buy now will end up pay higher another month
Is it a healthy sign to continue?
For property agent:Yes/No
Set a ceiling for HDB resale price?
A hefty tax is imposed after that.
% is gradually increased.
The main purpose of flat is for citizen has a roof over the head.
Alternatively, completion of building BTO flat set at 3 years.
Expedite the process of handing keys of new flat to owner.
Consider the HDB branch office to assist.
Decentralised to lighten the workload of HDB Hub
Most staff can be employed at branch office.
07-10-2022, 09:32 AM
(06-10-2022, 05:20 PM)Ahnya Wrote: My CPF is non Life one.Those long life only can enjoy cpf life
I'm receiving a lot more than that. But it is not for life.
Only CPF Life is for life , that's why it is so-called.
Do not talk to a fool for he will scorn the wisdom of your words
☝️
09-10-2022, 10:53 PM
09-10-2022, 11:38 PM
10-10-2022, 07:36 AM
I wonder if chenghu will increase our OA rate. Else I will use my OA to buy bonds instead
Wherever you go, no matter what the weather, always bring your own sunshine
10-10-2022, 07:43 AM
(06-10-2022, 09:02 PM)dynamite Wrote: U put one mil guarantee 75K?
Only guarantee 75k lah at the moment. You have to puts into 14 banks for 1 mil to protect all your capital.
“Be who you are and say what you feel, because those who mind don't matter and those who matter don't mind"
10-10-2022, 07:44 AM
During bad time, dont put all $$$ into bank. This is why ppl buy hard asset like gold.
I have said before go and buy branded jewelleries.
I have said before go and buy branded jewelleries.
“Be who you are and say what you feel, because those who mind don't matter and those who matter don't mind"
10-10-2022, 07:46 AM
(10-10-2022, 07:43 AM)RiseofAsia Wrote: Only guarantee 75k lah at the moment. You have to puts into 14 banks for 1 mil to protect all your capital.
It’s doable
Wherever you go, no matter what the weather, always bring your own sunshine
10-10-2022, 07:49 AM
“Be who you are and say what you feel, because those who mind don't matter and those who matter don't mind"
10-10-2022, 07:56 AM
Now putting 400k fixed deposit with 3% rate, easily earns 12k. Can bring your family of 4 for a nice 7 days Japan holiday. Song Boh!
“Be who you are and say what you feel, because those who mind don't matter and those who matter don't mind"
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