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.