By: PanzerGrenadier

Source: Monetary Authority of Singapore Financial Databases

The trend since late 2007 in terms of interest rates has been clear. It is going down. This has been evidenced by Maybank iSavvy dropping its rates along with many banks such as Citibank’s Step Up accounts as well as most of the fixed deposit promotion rates for most of the banks featured in this blog.

What can we do in this low interest rate regime?

It is one thing to know that interest rates look set to be in a period of 1%-ish for the next few quarters. But what can we do about it? In reality, there is nothing much you can do if you are NOT willing to accept greater risk of losing your money in order to obtain higher returns. Read more…