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Chinese New Year Fixed Deposit Promotion 2024
By My Sweet Retirement  •  February 3, 2024
Today, I am going to share with you the best Chinese New Year Fixed Deposit Promotion in February 2024. This year, Chinese New Year 2024 falls on Saturday, 10th February 2024. Every year during this festive lunar period, banks in Singapore will give out promotional interest rates for fixed deposits. If you are new to fixed deposit, it is a type of bank account where you deposit a lump sum of money for a predetermined duration. In return, the bank pay you a fixed rate of interest on that amount. Fixed deposits are low-risk investments because they are practically risk-free. In Singapore, your deposits are also insured by the Singapore Deposit Insurance Corporation (SDIC) for up to S$75,000. Fixed deposits (also known as time deposits) are popular among our parents and grandparents. They are also popular investment option for individuals who want to earn guaranteed interest on their savings over a specified period of time....
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By My Sweet Retirement
I am a working salaried professional in my mid 30s. Just like most Singaporeans, I worked long office working hours, often trying very hard to find some work life balance. The Sweet Retirement Blog was created to share my journey towards achieving a comfortable retirement life. I believe we cannot simply rely solely on our Central Provident Fund savings when reaching old age. Neither can we rely solely on our bank savings as we all know the interest rates cannot beat inflation.
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