Wait! If you haven’t read my previous post of the same title, please do so here. This is a follow-up to it. Many thanks for those who answered. In the short story told in my previous blog post, I had used an interest rate of 2.5%. In truth, the interest rate was more like 1.88%, and the amount was in fact closer to $20,000! Nevertheless, the interest rate isn’t the key. I had used 2.5% for a very specific reason. The eagle-eyed amongst you might have sensed a slight similarity between my short story and a certain issue many Singaporeans hold very dear to their heart.

Once Upon A Time ..

In an ill-fated discussion about the role of CPF in HDB housing, the topic of accrued interest crept up and needless to say, it all went downhill from there. You see, I hold a rather neutral view on this ......