facebookThere is constant topic surrounding compound interest, is there any product in Singapore that actually provide this? - Seedly

Anonymous

09 Jun 2020

Saving Hacks

There is constant topic surrounding compound interest, is there any product in Singapore that actually provide this?

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ANy product that you invested that gives didvidend/ interest itself for long run is a compound interest itself.

Compound interest is a concept. Theoretically, any product that pays a positive interest on your money is putting compound interest to use, even the lowly bank savings rates. Hence the importance of starting early and practice of reinvestment.

One example is the CPF?

In the FAQ below, it is advised to top up early in the year to enjoy higher...

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