Posts: 26,685
Threads: 3,623
Likes Received: 3,765 in 3,232 posts
Likes Given: 2,768
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.)
Posts: 2,510
Threads: 276
Likes Received: 760 in 601 posts
Likes Given: 3
Withdraw from cpf and put into FD
Posts: 26,685
Threads: 3,623
Likes Received: 3,765 in 3,232 posts
Likes Given: 2,768
(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.
Posts: 956
Threads: 6
Likes Received: 212 in 192 posts
Likes Given: 255
(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
Posts: 26,685
Threads: 3,623
Likes Received: 3,765 in 3,232 posts
Likes Given: 2,768
(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.
![](https://i.imgur.com/CLvY2jA.png")
