Cpf oa 2.5% OCBC 3.4%

[Inlinefour]

https://www.businesstimes.com.sg/banking-finance/ocbc-offers-fixed-deposit-placements-for-cpf-ordinary-account-savings-at-34-a-year

 

 

Why liang po po said cpf 2.5% best rate huh 🙉🙊🙈

[Ct3833]

how does it work? can on just withdraw his OA and park into FD? how to return back upon FD maturity ? 

[ToyotaShuttle]

44 minutes ago, Ct3833 said:

how does it work? can on just withdraw his OA and park into FD? how to return back upon FD maturity ? 

nope. cannot buy FD but you can use it to buy t-bills which was giving like 4%. problem is that you need to go down to bank and can't do online

[Ct3833]

17 minutes ago, ToyotaShuttle said:

nope. cannot buy FD but you can use it to buy t-bills which was giving like 4%. problem is that you need to go down to bank and can't do online

But this is what the article is about.....

OCBC offers fixed deposit placements for CPF ordinary account savings at 3.4% a year

[mersaylee]

These types so much safer than simi mini bongs for the old dollahs...😁

[Inlinefour]

Old 

Company 

Bo 

Cockup

 

So confirm better than

 

Con 

People

Fund 

 

Bo 🙈🙊🙉 

 

 

[RadX]

Unless u have a few hundred thousand, dun bother

[RadX]

they shd allow online placements best

[kobayashiGT]

1 hour ago, RadX said:

Unless u have a few hundred thousand, dun bother

Sell your house!!!! hahaah 

[Mustank]

1 hour ago, RadX said:

they shd allow online placements best

I heard they doing 

Bank damn fed up do all these extreme low margin high cost transaction

[BanCoe]

11 hours ago, Inlinefour said:

https://www.businesstimes.com.sg/banking-finance/ocbc-offers-fixed-deposit-placements-for-cpf-ordinary-account-savings-at-34-a-year

 

 

Why liang po po said cpf 2.5% best rate huh 🙉🙊🙈

Laoban ….. pls take screenshot of full article …… me no atas enuff $$ to subscribe BT lah 

[Picnic06-Biante15]

11 hours ago, Ct3833 said:

how does it work? can on just withdraw his OA and park into FD? how to return back upon FD maturity ? 

Don't return back, spend on tours, Rolex GMT Master, new cars &  every night.

Must 'pang tang', once out cannot put back. 

 

[Arogab]

0.9% difference - 100k of 0.9% = 900

If you have 100k, then this one year you make $900

200k, then you make $1800

........

.............

................ How much you have to make $9000 one year. If you got and can make $9000 one year, is there a difference? I donno

[Si4dr]

For over 55yo, can he withdraw from the extra from CPF OA(full RA)  & put to OCBC FD?

Then put back OA if the bank rate fall below 2.5%?

[Stratovarius]

11 hours ago, Ct3833 said:

how does it work? can on just withdraw his OA and park into FD? how to return back upon FD maturity ? 

i think should be the same as investment. Need to keep a min of 20k in OA, the rest can take out for investment, or in this case FD. 

[Jamesc]

Why people worry take out

and cannot put back?

I have been trying to take out and not put back

but they won't allow me.

[Ct3833]

2 hours ago, RadX said:

Unless u have a few hundred thousand, dun bother

Don't tell me you don't have hor. 🤣🤣

[RadX]

16 minutes ago, Ct3833 said:

Don't tell me you don't have hor. 🤣🤣

Waiting for better rates lo😂