Term Deposit: 5.05% for 12-24 months
#1

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#2

Australian banks increase TD rate to 5-5.1% range
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#3

NZ banks increase TD rate to 6%


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#4

Those who pump all their savings into CPF, should be regretting by now.
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#5

(19-11-2023, 12:05 PM)lvlrsSTI Wrote:  NZ banks increase TD rate to 6%


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In SG ??
Definitely not in SG...
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#6

AUD trending down against SGD since 2021 1st quarter.

NZD trending down against SGD since 2021 4th quarter.

One can take a chance if one thinks the trend will stop.
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#7

(19-11-2023, 12:06 PM)Alice Alicia Wrote:  Those who pump all their savings into CPF, should be regretting by now.
Putting funds in forex is a risk even it is at high interest rates. Convert to AUD wil lose the buy/sell spread diff. Couple with volatile exchange rates. There is no guarantee that AUD wil always be stable. If AUD falls overtime, you wil not be at 5.05% you are getting. There is a need to factor-in all these risks.
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