Personal Finance
Reduction in interest for banks
By Bully The Bear  •  September 20, 2011
It would seem that the banks to not want our money at all, because they had reduced the interest rates across the board. The majority of my cash is found in posb and standard chartered bank account, hence I only showed these two. For readers with other bank accounts, you might want to check out. I think it's quite uniform across the board.

POSB

Effective date: 14th October 2011




SCB

Effective date: 1st Sep 2011





Does it make a difference to you? It doesn't make much difference to me, since I don't have the bulk of my networth in cash. Used to have a lot more cash of course, but had been paying for my renovation and furnishing. The bulk of my cash used to be in MMF, which at last count, gives an annualised rate of around 0.42% to 0.46% (depending on how you count it). However, ...
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By Bully The Bear
La papillion is french for butterfly. This blog chronicles my journey from an amateur in the stock market to where I am today. Have I turned into a beautiful butterfly? I don't know, but I think my metamorphosis is still on-going now :)
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