Today, interest rates on the millions of savings accounts at both DBS Bank & POSB will be trimmed to levels not since 2005. It is now in the range of 0.1% to 0.125% for the different banks in Singapore. Can you feel the difference? With inflation hovering around 3~5%, it simply means that your money is NOT working hard enough for you!There are many instruments in the market with different functions to meet yr needs. If you want to know ways to make yr money work harder (of course in a legal and systematic way!), do drop me an email or contact me directly.
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