Posts: 19,414
   
Threads: 2,604
    
Likes Received: 3,236 in 2,753 posts
Likes Given: 2,183
All CPF members should keep interest rate as low as possible to help GIC making more money.
For the love of Singapore, the country must be above self
(This post was last modified: 29-09-2022, 11:01 PM by
Scythian.)
Posts: 19,414
   
Threads: 2,604
    
Likes Received: 3,236 in 2,753 posts
Likes Given: 2,183
(29-09-2022, 11:00 PM)Scythian Wrote: All CPF members should keep interest rate as low as possible to help GIC making more money.
For the love of Singapore, the country must be above self
Maybe all CPF members agreed to sacrifice 1 percentage lower to help GIC making more money, by collectively accept interest rate @ 1.50% p.a. instead of 2.50% p.a.
It's a small price worth paying
Posts: 19,414
   
Threads: 2,604
    
Likes Received: 3,236 in 2,753 posts
Likes Given: 2,183
.
If situation permits, CPF members can also accept negative interest rate - 2% pa to pay CPF Board for safe keeping of our pension funds.
It's hard work for CPF CEO to manage so much $$$
Posts: 3,417
   
Threads: 28
    
Likes Received: 1,210 in 994 posts
Likes Given: 1,003
Since 61% approve low CPF interest rates, Then please spare the rest suffering for it.
(This post was last modified: 30-09-2022, 08:05 AM by
Wy:Nox.)
Posts: 19,414
   
Threads: 2,604
    
Likes Received: 3,236 in 2,753 posts
Likes Given: 2,183
(30-09-2022, 08:05 AM)Wy:Nox Wrote: Since 61% approve low CPF interest rates, Then please spare the rest suffering for it.
The moment GIC reports it's overseas investments struggling with global high interest rates, CPF CEO immediately freezed CPF savings interest rate @ 2.50%.
What an Obedient servant's reaction