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Many Banks FD @ 3.20% for 12 months while CPF Board paying @ 2.50% OA for 30/40 years.
Exploitation..
Where's the logic?
(This post was last modified: 05-10-2022, 06:59 PM by
Scythian.)
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Withdraw from cpf and put into FD
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(05-10-2022, 07:00 PM)Stoki Wrote: Withdraw from cpf and put into FD
CPF Board S$450 Bil @ 0.70% making a profit S$3.15 billion a year.
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(05-10-2022, 07:09 PM)Scythian Wrote: CPF Board S$450 Bil @ 0.70% making a profit S$3.15 billion a year.
Good to adjust higher interest to offset inflation and next year GST increase
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(05-10-2022, 07:00 PM)Stoki Wrote: Withdraw from cpf and put into FD
Write to CPF CEO that their interest rate @2.50% is ridiculously low today.
You authorised CPF CEO to transfer your OA savings to Citi FD @ 3.20% for 12 months.
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