Tan Yin Loo
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  • Asked by Anonymous

    Tan Yin Loo
    Tan Yin Loo
    Level 2. Rookie
    Answered on 30 Jan 2019
    I would say use a huge portion of CPF as you might not know whether how CPF board choose to let you withdraw money from CPF when you hit your retirement age. see https://www.theonlinecitizen.com/2019/01/28/totally-illogical-to-suggest-cpf-payout-term-of-28-years-where-there-is-no-one-to-receive-balance-payout/
  • Asked by Anonymous

    Tan Yin Loo
    Tan Yin Loo
    Level 2. Rookie
    Answered on 06 Nov 2018
    A simple advice. Open a CIMB Fastsaver account here. https://www.cimbbank.com.sg/en/personal/products/accounts/savings-accounts/cimb-fastsaver-account.html Create a monthly recurring standing instruction in your current bank account that your salary is credited into, and transfer $300 into the CIMB FastSaver account every month. It gives your 1% interest rate without any condition. No fall below fees. If you like, quote my name as the referral. This method will force you to save. I am using it since one year ago.