Mummy Jennifer's Hatch

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TheAnswer
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Re: Mummy Jennifer's Hatch

Post by TheAnswer » Mon Apr 20, 2015 8:01 pm

Can your si fang qian be cashed out anytime or must be locked in?

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Re: Mummy Jennifer's Hatch

Post by TheAnswer » Mon Apr 20, 2015 8:02 pm

When r u visiting ur niece?

Jennifer
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Re: Mummy Jennifer's Hatch

Post by Jennifer » Mon Apr 20, 2015 8:07 pm

TheAnswer wrote:Can your si fang qian be cashed out anytime or must be locked in?


Can withdraw but will not get 2% interest, only 0.05% computed for that month.

I do not intend to withdraw from this account.

Jennifer
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Re: Mummy Jennifer's Hatch

Post by Jennifer » Mon Apr 20, 2015 8:08 pm

TheAnswer wrote:When r u visiting ur niece?


Will see her on Wed at in laws' place.

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Re: Mummy Jennifer's Hatch

Post by TheAnswer » Mon Apr 20, 2015 8:08 pm

Jennifer wrote:
TheAnswer wrote:Can your si fang qian be cashed out anytime or must be locked in?


Can withdraw but will not get 2% interest, only 0.05% computed for that month.

I do not intend to withdraw from this account.

Can pm me more information?


Jennifer
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Re: Mummy Jennifer's Hatch

Post by Jennifer » Mon Apr 20, 2015 8:15 pm

TheAnswer wrote:
Jennifer wrote:
TheAnswer wrote:Can your si fang qian be cashed out anytime or must be locked in?


Can withdraw but will not get 2% interest, only 0.05% computed for that month.

I do not intend to withdraw from this account.

Can pm me more information?



Actually I went to bank intending to open a new account with DBS. Upon understanding it is meant to b an account for saving, the bank staff recommended me this POSB eMysavings account.

Details can be found online.

I am a small time saver, did not think too much about interest earnings which won't be much in my case anyway.

http://www.posb.com.sg/personal/calcula ... lator.page

starlight1968sg
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Re: Mummy Jennifer's Hatch

Post by starlight1968sg » Mon Apr 20, 2015 8:17 pm

Jennifer,
The 2% interest rate is too attractive to ignore.

Jennifer
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Re: Mummy Jennifer's Hatch

Post by Jennifer » Mon Apr 20, 2015 8:19 pm

starlight1968sg wrote:Jennifer,
The 2% interest rate is too attractive to ignore.



Only if one parks a lot of $ into this account every month.

Normal interest rate only 0.05% as shown on POSB website.

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Re: Mummy Jennifer's Hatch

Post by TheAnswer » Mon Apr 20, 2015 8:22 pm

starlight1968sg wrote:Jennifer,
The 2% interest rate is too attractive to ignore.


:wink:

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Re: Mummy Jennifer's Hatch

Post by TheAnswer » Mon Apr 20, 2015 8:23 pm

Jennifer wrote:
starlight1968sg wrote:Jennifer,
The 2% interest rate is too attractive to ignore.



Only if one parks a lot of $ into this account every month.

Normal interest rate only 0.05% as shown on POSB website.

How much is a lot?

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