While the CPF pays interest on your cash – 2.5% on your OA and 4% on your SA and MA, and an additional 1% interest on combined balances below S$60K, the interest rate paid on your OA barely beats inflation in Singapore, estimated to be around 2% annually.
In mid-2019, the Monetary Authority of Singapore (MAS) announced that it will issue 5 new digital full bank licenses to non-bank players in a major move to liberalise the banking industry in Singapore. But how far can they disrupt the industry?
You've read the headlines - the first phase of the US-China Trade pact has been signed between the two largest economies in the world after they first slapped tariffs on each other in July 2018. Was it significant? I explore further.
It's probably is contrary to popular belief - but if you're like me and you want things to work seamlessly, easily and effortlessly, then sometimes paying a premium for a product or service that delivers just that - might be worth paying a little more for.
Without being too technical about the details, this article will explore the finer nuances about investing in Ireland-ETFs and how Singaporean investors can take advantage of this knowledge to maximise their returns from an ETF.
In this Q4 2019 portfolio review, I talk about staying invested in the equities despite the volatility as economic conditions remain healthy. We are now seeing an extension of the current economic cycle thanks to the resurgence of growth optimism.
In the year which saw numerous multi-currency debit card launches, Southeast Asian tech giant Grab has also joined the fray with the public launch of its GrabPay MasterCard after announcing its early access program earlier this year. In this article, I share my thoughts about why the launch of GrabPay MasterCard is great news for consumers.
In this summary post called the best of everything for a working adult, I summarise the best of the financial and non-financial products, services, platforms and apps based on my personal opinion so that you can quickly get started in the right direction.
With just a month to go before the new year, I thought it'd be a good opportunity time to do a review of my personal finances with little Marie Kondo-inspired twist this year - simplifying my finances and getting rid of 'unloved' investments.
The introduction of the NikkoAM-StraitsTrading Asia ex Japan REIT ETF (CFA) and the Nikko AM SGD Investment Grade Corporate Bond ETF (MBH), investors now have the option to invest in Asia ex-Japan real estate as well as investment grade bonds denominated in SGD.
In this post, I'd like to share my experience in several ways on how a fresh graduate with not much initial resources and money can get started to build a stream of alternative sources of passive income.
Revolut and TransferWise are both useful digital platforms offering you a multi-currency wallet and exchange between currencies within the app without expensive markups - saving you tons of foreign transaction fees when travelling or paying in foreign currencies.