Category Archives for Financial Planning
CPF Advisory Panel’s Recommendations – Part 1
The CPF Advisory Panel has just released their recommendations on the changes to the CPF. A summary of the changes are as follows: Minimum Sum to be Renamed With an Additional Level There will now be 3 levels, the Basic Retirement Sum (BRS), the Full Retirement Sum (FRS) and the Enhanced Retirement Sum (ERS). These are […]
DBS/POSB Chinese New Year Cash Gift Promotion
Interest rates are creeping up and DBS/POSB is back with another top-up promotion just launched three days ago. They have called it the Chinese New Year Cash Gift Promotion. Simply top-up $1000 to $1,000,000 to your DBS/POSB account from other banks and you will earn 1.88% on that amount. The money that you transfer will […]
Fixed Deposits Promotions 2014
There was quite a fair bit of interest in my previous post on the POSB 1.5% p.a. savings promotion, so I thought I can update you on some of the other fixed deposit rates right now. Generally, interest rates are slowly creeping up with the end of qualitative easing in the US. These are some […]
POSB 1.5% Savings Promotion
POSB is currently running a promotion where they will give 1.5% p.a. interest on a topup to a POSB or DBS savings account. The topup amount can be between $1000 and $20000 and will earn interest at the rate of 1.5% p.a. for 6 months. How to Qualify Register by 22 Dec 2014. Complete a […]
SCB Step-Up Time Deposit
Standard Chartered Bank currently has a very popular fixed deposit promotion, the SCB Step-Up Time Deposit. The other day, I was at one of SCB branches and the place was full of people! There were many people waiting to open a Step-Up account with a waiting time of almost 3 hours. The offer was previously open […]