on 狮城有约 Hello Singapore
Money Lobang's representative 孙鼎盛 was invited as a guest to discuss
about rising fixed deposit rates on Channel
8's 狮城有约 Hello Singapore 十分访谈 Segment aired on 18 May 2018.
Rising Fixed Deposit Rates
The segment starts off with how promotional fixed deposit interest
rates have rose over the past 9 months. The participants went on
to discuss about the reasons for the rise and checking out a chart
depicting which are the banks offering the Highest
Promotional Fixed Deposit Rates. Our representative goes on
to caution depositors about purchasing financial products in order
to receive high headline interest rates as it could result in purchasing
of unwanted investment or insurance products.
Singapore Savings Bonds
The participants follow up with a discussion about how Singapore
Savings Bonds match up against Singapore Fixed Deposits and
came up with the conclusion that Singapore
Savings Bonds is currently more attractive than Fixed
Term Deposits at the moment due to its better returns but is
limited by a maximum investment of $100,000.
The last part of the segment is rounded up with the guests giving
some advice on how to manage one's personal finance in a period
of rising interest rates.