OCBC Financial OneViewlets you view all your accounts from participating banks, insurers, SGX CDP, CPF, HDB and IRAS on your free dashboard – enabled by SGFinDex. This means skipping multiple app logins, no more manual tracking, and being able to see things in totality to make better infor...
So long as an applicant meets the MAS-mandated minimum requirements, then banks have the discretion to approve them for any sort of credit card, be it an entry-level plastic card with no annual fee, or a top-of-the-line invite-only metal card. In practice, however, banks use income re...
The SA currently yields aninterest rate of up to 5%,making it a strong retirement savings plan. It also allows simple cash top-ups to boost the retirement nest egg. Ordinary Account (OA) account holders can opt to transfer funds to SA and earn risk-free interest. However, there is more ...
Kakeibo simply teaches you how to manage existing cash, but not on how you can generate money for yourself. What are other ways you can save and grow money, after using the Kakeibo method? 1. Increase your savings For most of us, the building block of our savings begins with our em...
When you pay with Boleto Bancário, you can either visit a bank or retail outlet to make the cash payment, or pay via your online banking account. Although we provide you with a payment confirmation in real time, the payment can take a little while to go through – general...
10 to 15 per cent fixed income securities (vanilla corporate bonds, Singapore Savings Bonds, voluntary CPF top-ups) 5 to 10 per cent cash (savings account with good bonus tiers, years of ang-pao money stuffed in a drawer) Note: This is a typical example only; you may want to co...
Debt funding is a staple of starting up. In Singapore, banks offer two kinds of loan: working capital loans and funding. A working capital loan is to help with tight cash flow, while funding is for long-term investment. 6 Peer-to-peer lending Peer-to-peer (P2P) lending is an excellent...
The money can be useful for me to deploy in any way I want during my golden years, whether it’s to invest for even higher returns, purchase an annuity plan that can give me passive income, top up my CPF Retirement Account, or to be passed down as part of a legacy for my children...
An underfunded pension plan is risky for employers because the guarantees to employees are often binding. Learn More Cash Balance Pension Plan In a cash balance pension plan, employees who retire receive a set percentage of their annual compensation plus interest. This type of plan is maintained ...
then you have the benefits of time and compound interest on your side. Even a modest contribution will grow over time if you start early but stop contributing after a while. Starting later will necessitate more up-front investment, and you will need to continue contributing for ...