The Singapore’s government forecast for inflation is 4.5 to 5.5 per cent this year. The average rate for the past 28 years had been 2 per cent. This means that if you had stashed your money in a biscuit tin, like what some old folks do, the $1000 you have become $667, by compounding the […]
Popularity: 24% [?]
Remembering when your fixed deposits are up is important at certain places you bank the money at. I had forgotten all about my fixed deposit over at one of the finance banks in Singapore, until one month later.
When I went to the bank finally, the bank teller told me that I would not get any […]
Popularity: 18% [?]
Interest rates for New Zealand Dollar at UOB have fallen from 7.6% by 1%. Interestingly, DBS is offering better rates at 7.6%. Usually, UOB rates are better than DBS rates. Anyway, this is still way better than the less than 1% offered for a normal fixed deposit. Previously, my NZ dollar fixed deposit was at […]
Popularity: 31% [?]
Recently, my company got someone down during one of our meetings to talk about saving and loans programme at a co-op. The rates are better than banks. Many people quite keen to sign up for the savings and fixed deposits. To them, earning 2% was a fantastic rate. However, there are other ways of growing […]
Popularity: 19% [?]