POSB which was known as Post Office Savings Bank in the past has the highest interest ever recorded at 9.5% on 1 August, 1981. How many of us were there during that time to remember this historical high interest rate era? For me, I was not born yet but history shows me how interest rates have moved from the past to now. With such high interest, I can only imagine how fast my money would compound and grow over time. But, do you know that with this kind of high interest, it is actually not that good for us also? Will Higher Interest Rates Be Good Or Bad For Us? One thing we would be interested to know is if high interest rate is good or bad for us? If we were living in the 1970s-1980s, higher interest rates may not be that bad for us in Singapore as ......