Volvobrick Supersonic December 3, 2022 Share December 3, 2022 34 minutes ago, Starry said: All this keep rising...but what I want to know is when will the interest rate rise? ask Mr Tan Ku Ku..... ↡ Advertisement Link to post Share on other sites More sharing options...
Kopites Supersonic December 3, 2022 Share December 3, 2022 1 hour ago, Starry said: All this keep rising...but what I want to know is when will the interest rate rise? The current cpf rate will remain up till 31st march 2023 as announced. Subsequently heaven know what will be the movement or no movement. 😁 Anyway based on those so called "experts" analysis the current inflated interest rate is likely to peak mid of next year 2023. Link to post Share on other sites More sharing options...
Voodooman Supersonic December 3, 2022 Share December 3, 2022 (edited) 52 minutes ago, Kopites said: The current cpf rate will remain up till 31st march 2023 as announced. Subsequently heaven know what will be the movement or no movement. 😁 Anyway based on those so called "experts" analysis the current inflated interest rate is likely to peak mid of next year 2023. Last night job data shows 3.75% of hikes have had little impact on slowing down the job market, so more to go or at least rates will stay high for a while. My bet is CPF 2.5 will be adjusted next quarter. Larry Summers Says Fed Will Need to Boost Rates More Than Markets Expect https://www.bloomberg.com/news/articles/2022-12-03/larry-summers-says-fed-will-raise-interest-rates-more-than-forecast Edited December 3, 2022 by Voodooman 1 1 Link to post Share on other sites More sharing options...
Throttle2 Supersonic December 3, 2022 Share December 3, 2022 They need to raise CPF rates shouldnt even be a question already. if they dont raise by end 1q2023, then will have knnbccb reactions all round 2 Link to post Share on other sites More sharing options...
Wt_know Supersonic December 3, 2022 Author Share December 3, 2022 Just now, Throttle2 said: They need to raise CPF rates shouldnt even be a question already. if they dont raise by end 1q2023, then will have knnbccb reactions all round FD all smelly smelly 3.5% to 4.0% liao and OA still giving 2.5% ... Link to post Share on other sites More sharing options...
Spidey10 Supercharged December 5, 2022 Share December 5, 2022 On 12/3/2022 at 1:59 PM, Wt_know said: FD all smelly smelly 3.5% to 4.0% liao and OA still giving 2.5% ... if they dun raise.....i think those above 55 and with excess of BRS will withdraw and put into FD..... just imagine how much money will flood the banking system.... for me is an obvious choice.....higher interest but more importantly, my maney in my hand rather than with someone.... Link to post Share on other sites More sharing options...
Wt_know Supersonic December 5, 2022 Author Share December 5, 2022 interest rate stay low < 1% for 10 years if interest rate stay high for the next 3-5-7 years, how? ah gong watching wor … Link to post Share on other sites More sharing options...
Throttle2 Supersonic December 5, 2022 Share December 5, 2022 Confirm withdraw all OA if rates outside are significantly higher Run on CPF. BBQ leh 1 Link to post Share on other sites More sharing options...
Kopites Supersonic December 5, 2022 Share December 5, 2022 1 hour ago, Spidey10 said: if they dun raise.....i think those above 55 and with excess of BRS will withdraw and put into FD..... just imagine how much money will flood the banking system.... for me is an obvious choice.....higher interest but more importantly, my maney in my hand rather than with someone.... Do your sum carefully to factor in the effect of compound interest on CPF OA. Might not be that significant down the years. If worthwhile then go ahead. 1 Link to post Share on other sites More sharing options...
Spidey10 Supercharged December 5, 2022 Share December 5, 2022 1 hour ago, Kopites said: Do your sum carefully to factor in the effect of compound interest on CPF OA. Might not be that significant down the years. If worthwhile then go ahead. if slight difference then is fine for me.....more important for me is my maney is in my hands.... who knows with a stroke of a pen...the pen says change the withdrawal age to 65....then really lan lan already!! really c@#$ die standing... Link to post Share on other sites More sharing options...
Throttle2 Supersonic December 5, 2022 Share December 5, 2022 19 minutes ago, Spidey10 said: if slight difference then is fine for me.....more important for me is my maney is in my hands.... who knows with a stroke of a pen...the pen says change the withdrawal age to 65....then really lan lan already!! really c@#$ die standing... Not so quickly and easily lah. evenif raise withdrawal age also must slowly. first step to 60 before 65 you know i suspect they read our posts here. so many times whatever i say comes true a few days a few weeks later etter dont give them ideas 1 Link to post Share on other sites More sharing options...
Kopites Supersonic December 5, 2022 Share December 5, 2022 26 minutes ago, Spidey10 said: if slight difference then is fine for me.....more important for me is my maney is in my hands.... who knows with a stroke of a pen...the pen says change the withdrawal age to 65....then really lan lan already!! really c@#$ die standing... I have no better use of the cpf money as of now. Probably will leave it as status quo till the times come to shield OA and SA. Imo, it is so hard to put money into cpf relative to wothdraw out. 😁 Thick twice before you proceed to withdraw out. Link to post Share on other sites More sharing options...
Throttle2 Supersonic December 5, 2022 Share December 5, 2022 40 minutes ago, Kopites said: I have no better use of the cpf money as of now. Probably will leave it as status quo till the times come to shield OA and SA. Imo, it is so hard to put money into cpf relative to wothdraw out. 😁 Thick twice before you proceed to withdraw out. At such rates, if i am allowed, i will take it all out. 1 Link to post Share on other sites More sharing options...
Spidey10 Supercharged December 5, 2022 Share December 5, 2022 57 minutes ago, Kopites said: I have no better use of the cpf money as of now. Probably will leave it as status quo till the times come to shield OA and SA. Imo, it is so hard to put money into cpf relative to wothdraw out. 😁 Thick twice before you proceed to withdraw out. the when the time comes when you want to withdraw but can't....lan lan suck thumb ... that's why for me, my maney in my account better that my maney in someone's account - both my wife and I think this way, we are in control ...never know what tomorrow brings.... Link to post Share on other sites More sharing options...
Spidey10 Supercharged December 5, 2022 Share December 5, 2022 (edited) 1 hour ago, Throttle2 said: Not so quickly and easily lah. evenif raise withdrawal age also must slowly. first step to 60 before 65 you know i suspect they read our posts here. so many times whatever i say comes true a few days a few weeks later etter dont give them ideas Hoi...die ler...issshhhhh Edited December 5, 2022 by Spidey10 Link to post Share on other sites More sharing options...
Kopites Supersonic December 5, 2022 Share December 5, 2022 32 minutes ago, Throttle2 said: At such rates, if i am allowed, i will take it all out. Definitely I will do likewise if I am as savvy when come to investment. 😁 Link to post Share on other sites More sharing options...
Ginyu 4th Gear December 5, 2022 Share December 5, 2022 7 hours ago, Spidey10 said: if they dun raise.....i think those above 55 and with excess of BRS will withdraw and put into FD..... just imagine how much money will flood the banking system.... for me is an obvious choice.....higher interest but more importantly, my maney in my hand rather than with someone.... For those with excess of ERS so just keep enough for BRS and withdraw the excess and put in FD 😂 1 Link to post Share on other sites More sharing options...
Mkl22 Twincharged December 5, 2022 Share December 5, 2022 6 hours ago, Kopites said: Do your sum carefully to factor in the effect of compound interest on CPF OA. Might not be that significant down the years. If worthwhile then go ahead. Compounded annually. So 1yr FD also works the same. ↡ Advertisement Link to post Share on other sites More sharing options...
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