Saving & Spending
What can we do in this low interest rate environment in Singapore?
By Five Cents Ten Cents  •  February 20, 2008
By: PanzerGrenadier

Interest rates are low hovering around 1.5% or less for shorter tenures as can be seen here in my previous post on Singapore banks and fixed deposits interest rates for the last 2 years. There is nothing much we can do...unless In reality, for most savers, there is very little you can do if you are not willing to accept more risk for the possibility of greater returns. If you do not have the time, inclination and more importantly the interest to learn about other investments such as stocks and shares, property, unit trusts (mutual funds) etc, then it will be difficult to get a better return than what banks and finance companies can give you for a relatively risk free investment (especially your first $20,000 deposit that is covered under the deposit insurance scheme in Singapore). If you are happy in your job, do not want to worry or take on the REAL POSSIBILITY of your investments going -20% (or +20%) or even -50% (or +50%) which CAN HAPPEN for stocks and shares, then you should just look at strategies to lock in higher interest rates and learn about treasury bills which can move higher than fixed deposits in terms of interest returns. Read more...
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By Five Cents Ten Cents
PanzerGrenadier is a 30-something accountant who finally grasped the concept of financial freedom at the ripe old age of 32. Ever since, he has been travelling on his journey towards financial freedom and documenting his adventures through his blog "fivecentstencents". PanzerGrenadier allocates his non-work time in between living within his means, saving and investing as well as spending quality time with family. He is an avid toastmaster and has completed 10 years of being a reservist conscript in the Lion City.
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