The current interest rate environment is very different from that of the past 2 years. To be specific, interest rates have gone up from 0% to 4% in a very short span of time. With such a meteoric shift, various financial products have also adjusted their respective payouts. Therefore, it is now a worthwhile personal finance exercise for me to review my own emergency funds allocation. With rising ... continue reading...
With Rising Interest Rate Is It Better To Use CPF or Cash To Pay Housing Loan
To say that interest rates has been rising at a frightening pace is stating the obvious. Recall that the United States Fed Funds Rate started the year at 0.25% and is projected to peak at 4% by year end. Such a steep and fast rise has certainly thrown a spanner to some homeowner’s mortgage repayment plans. While some mortgagors may be locked into their financial agreements, they can still evaluate ... continue reading...
Invest your idle funds or war chest with moomoo Cash Plus to earn 2.5% interest rate
With the exception of STI, the global equity markets haven’t been too kind in 2022. To hedge against a possible recession in the near term, I have also been selectively paring down some of my investments. As a result, the size of my idle funds has grown but this has presented other problems in itself – cash drag. It is not just a drag on my portfolio performance but also generating negative ... continue reading...
Trust Bank by Standard Chartered and NTUC FairPrice offers $42 freebies, 1.4% interest, 21% rebate
It is only the start of September but 2 new entrants, GXS Bank and Trust Bank wasted no time to introduce their products into Singapore's nascent digital banking scene. Trust Bank offers up to 1.4% interest rate for its savings account, 21% rebate on its credit card $42 worth of freebies to mark its launch. I am particularly impressed with the value proposition offered by Trust Bank and promptly ... continue reading...
My family holiday to Australia’s Brisbane, Gold Coast and Sunshine Coast
By pure coincidence, our overseas holiday to Australia bookended the start of the Covid-19 outbreak and the end of it as a global pandemic. Can’t exactly pinpoint why the family chose Australia but I guess a lot got to do with the familiarity, relative proximity and cooling weather. On this occasion, we began our 2-week vacation by flying into Brisbane before gradually making our way to other ... continue reading...
