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Eman

17 Jun 2020

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For Fixed Deposits, what does it mean by returns are given upfront instead of upon maturity?

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Wrong Sean

17 Jun 2020

It means that the interest on the amount that you put in the fixed deposit is credited to your account when the fixed deposit account is set up and active.

The fixed deposit amount is locked in for the term of the period that you signed up for.

Upon maturity, means the interest is paid to the account at when the term is completed.

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I am 25yo this year, saved around 50k. Been doing fixed deposits for quite a few years recently took out as I am planning to do investment, Are there any investments with higher returns than fixed deposit?

For T bills, if I apply $1K, $1K will be deducted from my acct upon application, when results are out, the interest will be returned to my acct. Upon maturity, $1K will be returned. Is this correct?

For saving plans, do you prefer high flexibility with lower returns (Eg. saving accts, SSB, flexible insurance savings plans) or no flexibility with higher returns (Eg. fixed deposits, endowments) ?

If REITs are giving such high returns, why should we even look at other assets like SSBs or fixed deposits? These give lower returns than REITs dividends.?

Are there advantages in having a fixed deposit account and a savings account? Why do some people put money into a FD account, instead of say, putting everything into a savings account (e.g. DBS Multiplier)?

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