Personal Finance
Why Should I Worry About Interest Rates?
By Seedly  •  October 9, 2017
A post shared by one of our members on Seedly Personal Finance Community opened up a discussion regarding yet another interest rate hike at the end of this year. With the second interest rate increase of 1.25% implemented this year, many people are not sure what this means for everyday Singaporeans. Increase in interest rate over 2 years What some of you may not know is that interest rates have a larger impact on our lives than we think! Here’s how it affects us: Home Loans Increase This affects 90.8% of Singaporeans, with home loans being one of the highest forms of loans on the population that owns a property. Household owners taking up ......
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By Seedly
Launched in 2016, Seedly helps users make smarter financial decisions with its budgeting app which allows its 40,000 users to sync up their financial accounts and better manage their cash-flow. Last year, we introduced a new community feature which allows users to crowdsource knowledge from peers before making a financial decision.
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