Category Archives for Financial Planning
UOB CashPlus Promotion
I found out yesterday that UOB was offering a 2.88% p.a. promotional interest rate for balance transfers from a CashPlus account. The current market rate for a promotional balance transfer is around 3.88% p.a. There are also interest free offers around but typically these come with an admin fee of 2.0% to 2.2%. A note […]
Marriage and Parenthood Package
As announced by Prime Minister Lee Hsien Loong at the National Day Rally this year, the government will be enhancing the Marriage and Parenthood Package (in order to boost the birth rate). Some of these includes: Increase in maternity leave from 12 to 16 weeks. Paid childcare leave from 2 to 6 days per year […]
eSaver Extra Interest
Standard Chartered Bank is currently running a promotion on their eSaver account. Topup your eSaver account by the end of this year and enjoy an additional 0.5% p.a. interest on your topup amount. Here’s how it works. If your account balance has: Less than $50k – the prevailing rate of 0.5% p.a. + bonus rate […]
Growth Dividends to be Increased
In the National Day Rally held a few days ago, PM Lee Hsien Loong announced that the government will be giving out $256 million in view of the higher inflation and uncertain economic outlook. This will be in the form of a 50% increase in the remaining installment of Growth Dividends (GD) which was supposed […]
Transferring from CPF OA to SA
Last Sunday, I saw an advertisement in the Sunday Times by the CPF board. Inside this CPF advertisement, the CPF board tells us that we can earn more interest by transferring funds from our Ordinary Account (OA) to the Special Account (SA). It was mentioned that the SA earns an interest rate that is 1.5% […]