OCBC offers fixed deposit placements for CPF ordinary account savings at 3.4% a year
COMPETITION for cash has gone beyond the savings in customers’ bank accounts, OCBC : O39 -0.32% is now asking Central Provident Fund (CPF) members to place their ordinary account savings for fixed deposit at 3.4 per cent per annum.
Many will rush to put in their cpf OA into the FD in ocbc.
Then cpf got no choice but to raise the cpf OA to 4.5% ?
(16-11-2022, 12:46 PM)Gstalk Wrote: [ -> ]Many will rush to put in their cpf OA into the FD in ocbc.
Then cpf got no choice but to raise the cpf OA to 4.5% ?
WAITING FOR UOB N DBS BETTTER RATES THAN OCBC
question is do u need to hv >20k in OA b4 putting in ocbc ?
Why put in OCBC when your t bills already 4% to 4.19%???
(16-11-2022, 12:59 PM)p1acebo Wrote: [ -> ]Why put in OCBC when your t bills already 4% to 4.19%???
This one only for 6 months. FD for a year or 2 years. Lagi best. Wait for UOB or DBS
(16-11-2022, 01:42 PM)Gstalk Wrote: [ -> ]This one only for 6 months. FD for a year or 2 years. Lagi best. Wait for UOB or DBS
There will be more 6 mths and 12 mths T bills down the road
I never liked banks. They will offer you and umbrella when it is sunny and yank it away when it starts to rain.
.
Why CPF CEO got no brain?
Very sad, he manages pensioners savings of $500 billion AuM
(16-11-2022, 03:16 PM)Scythian Wrote: [ -> ].
Why CPF CEO got no brain?
Very sad, he manages pensioners savings of $500 billion AuM
Why are you so worried about CPF now that you are an Australian citizen with better performed super fund returns?
(16-11-2022, 12:55 PM)talky Wrote: [ -> ]WAITING FOR UOB N DBS BETTTER RATES THAN OCBC
Normally the worst rates for S$ FD are from DBS.
(16-11-2022, 12:46 PM)Gstalk Wrote: [ -> ]Many will rush to put in their cpf OA into the FD in ocbc.
Then cpf got no choice but to raise the cpf OA to 4.5% ?
CPF will never raise the savings rate
Because if they do once, must do twice or thrice
So they rather get local banks to do it, lagging behind the Inflation Rates