Sk65 1st Gear October 5, 2011 Share October 5, 2011 coz u nvr go re-finance mah.... any bros tried to re-finance b4 ar? i think my % was 1.88. worth the effort + those admin charges? wats the prevailing car loan rate now ar? ↡ Advertisement Link to post Share on other sites More sharing options...
Babyt 4th Gear October 5, 2011 Share October 5, 2011 i put maybank for my saving acc...interest % much higher than our local banks. dont talk about investment or what...comparing the interest given as gratiuity for using their saving acc. Link to post Share on other sites More sharing options...
Throttle2 Supersonic October 5, 2011 Share October 5, 2011 My account with them is only for crediting of salary, nothing else. Moved my monies to another bank years ago aiyah then , why you grumble? interest so low wont make any difference even if your salary is $100k a month, right? Link to post Share on other sites More sharing options...
Mllcg 3rd Gear October 5, 2011 Author Share October 5, 2011 it works both way... you'll get cheaper loans now but CC interest rates still so high leh Link to post Share on other sites More sharing options...
Beehive3783 Turbocharged October 5, 2011 Share October 5, 2011 aiyah then , why you grumble? interest so low wont make any difference even if your salary is $100k a month, right? Free speech, why can't grumble? Link to post Share on other sites More sharing options...
Apvman 2nd Gear October 5, 2011 Share October 5, 2011 Now this is really crappy. Interest rate HALVED? Fark them man. notice that posb usually give very low rate Link to post Share on other sites More sharing options...
Vid Hypersonic October 5, 2011 Share October 5, 2011 Putting your money in bank is like letting it rot away. Inflation is higher than interest so slowly your 100k is not worth 100k anymore. Investment still the best option. Link to post Share on other sites More sharing options...
Scb11980 1st Gear October 5, 2011 Share October 5, 2011 cant be help low interest rate around the world so there are many ways to hedge against low interest rate 1. DCI 2. Buy high dividend yield stocks 3. Buy property with high rental yield 4. not advisable - be a loan shark (better the legal kind such as credit cards) Link to post Share on other sites More sharing options...
Ladykillerz 4th Gear October 5, 2011 Share October 5, 2011 any bros tried to re-finance b4 ar? i think my % was 1.88. worth the effort + those admin charges? wats the prevailing car loan rate now ar? at the moment, re-finance will only be good for interest rate >3%. it is good for those who over loan when purchasing a car. anything <3% does not make much sense to re-finance. if i am not wrong, the re-finance will be around 2% or so. nonetheless, your 1.88% is already consider as dirt cheap for current situation. hope it helps. Link to post Share on other sites More sharing options...
Darthrevan Supercharged October 5, 2011 Share October 5, 2011 interest rate lower no diff for me, still living hand to mouth. ;( saying it often dun make it any more true u know? if a private banker lives hand to mouth..then most sinkies already starve to death already Link to post Share on other sites More sharing options...
Yeshe Turbocharged October 5, 2011 Share October 5, 2011 http://www.dbs.com/posb/deposit/notice/rev...px?pid=xs402121 knn. see the new rates. just when we thought they were already low... does it make any difference?? anyway, i already treat it as 0% leow Link to post Share on other sites More sharing options...
Mcfguy 1st Gear October 5, 2011 Share October 5, 2011 i put maybank for my saving acc...interest % much higher than our local banks. dont talk about investment or what...comparing the interest given as gratiuity for using their saving acc. What rate is maybanks? Think I want to trnasfer my half a million from dbs/posb to it if viable. Link to post Share on other sites More sharing options...
Mllcg 3rd Gear October 5, 2011 Author Share October 5, 2011 Putting your money in bank is like letting it rot away. Inflation is higher than interest so slowly your 100k is not worth 100k anymore. Investment still the best option. investment also cannot keep up with inflation. low risk give max 3% only. inflation also more than that. Link to post Share on other sites More sharing options...
Gearoil 1st Gear October 5, 2011 Share October 5, 2011 When I first saw the thread....my impression is TS is a pretty hopelessssss guy.... Banks have been paying close to 'zip' in interest for years and this bugger is 'still looking' at what the 'new' interest rate is for deposit. But then again I realised.... Isn't that typical of Sinkie.... They look at something going from bad to worse and had been that way for years and he still keep looking at it... It never occur to them to 'get out of such mindset and do or make something 'better' of out it... They remain resigned to the fact....that some organisation much bigger than them having been 'farking them' all these years.... Same thing applies as their own gov is doing to them! Link to post Share on other sites More sharing options...
Takumi21 2nd Gear October 5, 2011 Share October 5, 2011 so many other banks... dun worry.. Link to post Share on other sites More sharing options...
Scb11980 1st Gear October 5, 2011 Share October 5, 2011 When I first saw the thread....my impression is TS is a pretty hopelessssss guy.... Banks have been paying close to 'zip' in interest for years and this bugger is 'still looking' at what the 'new' interest rate is for deposit. But then again I realised.... Isn't that typical of Sinkie.... They look at something going from bad to worse and had been that way for years and he still keep looking at it... It never occur to them to 'get out of such mindset and do or make something 'better' of out it... They remain resigned to the fact....that some organisation much bigger than them having been 'farking them' all these years.... Same thing applies as their own gov is doing to them! GOOD OBSERVATION Link to post Share on other sites More sharing options...
Throttle2 Supersonic October 5, 2011 Share October 5, 2011 saying it often dun make it any more true u know? if a private banker lives hand to mouth..then most sinkies already starve to death already Tedlhw is the private banker, i'm the table wiper lah..... aiyo, how many times must i tell you.... ↡ Advertisement Link to post Share on other sites More sharing options...
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