Cpf oa 2.5% OCBC 3.4%

[Inlinefour]

22 minutes ago, Arogab said:

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

long term compound interest will be more

since the figures are untouchable 🤐🤐🤐 

 

 

 

[Inlinefour]

1 minute ago, RadX said:

Waiting for better rates lo😂

hearsay hell bank rate is 10000% 👻👻👻👻👻

[Arogab]

17 minutes ago, Inlinefour said:

long term compound interest will be more

since the figures are untouchable 🤐🤐🤐 

 

 

 

Quite true, and no longer for old people like me😂

[Maxus-MIFA9]

20 minutes ago, RadX said:

Waiting for better rates lo😂

You waiting for 7.5% .... 

[Maxus-MIFA9]

CPF or Banks

Both have its pro & con ......  

To withdraw from CPF will take 3 ~ 5 working days to download into your bank account and then another 2 hrs waiting time to withdraw from banks..  

Banks FD take 2 hours of waiting time inside the bank.. 

[Ody_2004]

4 minutes ago, Picnic06-Biante15 said:

You waiting for 7.5% .... 

wah.. at this rate.. the housing loan rate at 8%? many will cry..

[Volvobrick]

45 minutes ago, Si4dr said:

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%?

Withdrawal is from the SA first and then OA after SA is zero. 

And can't put back other than the max of about 36k a year including contributions. 

[BanCoe]

1 hour ago, Arogab said:

Quite true, and no longer for old people like me😂

Steady lah Unker ! 

[Arogab]

7 minutes ago, BanCoe said:

Steady lah Unker ! 

You unker got money, I umker no money. I still struggling to wipe under table😅

[BanCoe]

18 minutes ago, Arogab said:

You unker got money, I umker no money. I still struggling to wipe under table😅

Wah !! Undertable liddat oso stuggling??  then you must come join me in Top table wiping.... but make sure you dunch wear fancy watch when doing hor, just saying so ..... ok ok  back to topic

 

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

---------

in my case table wiping   

[Arogab]

2 minutes ago, BanCoe said:

Wah !! Undertable liddat oso stuggling??  then you must come join me in Top table wiping.... but make sure you dunch wear fancy watch when doing hor, just saying so ..... ok ok  back to topic

 

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

---------

in my case table wiping   

I got no fancy watch hor, I simple design one😂

[Spidey10]

4 hours ago, Picnic06-Biante15 said:

CPF or Banks

Both have its pro & con ......  

To withdraw from CPF will take 3 ~ 5 working days to download into your bank account and then another 2 hrs waiting time to withdraw from banks..  

Banks FD take 2 hours of waiting time inside the bank.. 

go on line to open ba....but still take a couple of days...true!!

[Fcw75]

5 hours ago, Jamesc said:

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.

I want to put in and can take out one….oh wait, you are not talking about that ah? 

[Fcw75]

3 hours ago, BanCoe said:

Wah !! Undertable liddat oso stuggling??  then you must come join me in Top table wiping.... but make sure you dunch wear fancy watch when doing hor, just saying so ..... ok ok  back to topic

 

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

---------

in my case table wiping   

At least you all wipe table, I wipe backside! 😵🥲

[Throttle2]

9 hours ago, RadX said:

Unless u have a few hundred thousand, dun bother

With a difference of 0.9% per year, it works out to be a Rolex watch for me.   Not bad.

[Throttle2]

If this is happening, it is time for CPF to adjust its rate during the next qtrly review.  

[BanCoe]

1 hour ago, Fcw75 said:

At least you all wipe table, I wipe backside! 😵🥲

Thanks for sharing your sexperiences ... I dont think you got much competition then if any ; unlike table wipers so many  

[BanCoe]

6 hours ago, Ody_2004 said:

wah.. at this rate.. the housing loan rate at 8%? many will cry..

Aint it not a bubble already waiting to burst ?? with current stratospheric prices of even so called "affordable" properties; Peoples wages are not keeping up even with food inflation and expenses already