Category Archives for Financial Planning
CIMB FD Promotion
I saw this banner of a CIMB Bank fixed deposit promotion and thought of sharing the details here with you. These are the terms: Interest: 1.8% p.a. for 12-month SGD or 1.5% p.a. for 3-month SGD Minimum amount of $10k only Available to both new and existing customers Falls under the Singapore Governments guarantee until […]
Increasing the CPF OA Investment Limit for Stocks
Under the rules of the CPF Investment Scheme (CPFIS), we are allowed to invest only 35% of the investible amount in our Ordinary Account (OA) into stocks. For example, if you have $100k in your OA balance (with no monies already withdrawn for investment or education), you can only buy stocks up to $35k. Click […]
SRS Year End Reminder
If you have not yet contributed to your SRS account this year to save on your income tax, remember to do so by the end of the year if you intend to use SRS as a tax savings tool. SRS is basically a voluntary scheme started in 2001 to help people save on their income […]
FD Marketing Gimmick
My mum was asking me about a 3% p.a. FD rate that she saw in the newspapers the other day. The minimum sum required was $40,000. 3% for a fixed deposit at this time? Surely there was a catch. To be precise, the rate she saw was 3.08% p.a. The deal was too good to […]
Get $100 From Maybank
Maybank is currently having a credit card promotion. From now till 31 December 2008, simply apply for any Maybank Platinum Credit Card and enjoy 10-Year Annual Fee Waiver S$100 cash credit to your Card Account upon your first card spend within one month of receiving your Card This promotion is available for new applicants who […]