on 财经追击 Money Week
Money Lobang's representative 孙鼎盛 was invited to be interviewed
on his opinions on alternatives to Singapore
Savings Bonds in Singapore on Channel
8's 财经追击 Money Week 2015 Episode 13.
Step-Up Deposits as an Alternative to Singapore Savings
The episode starts off with reasons on why deposit rates are rising.
One of the reasons include the impending issue of Singapore
Savings Bonds by the government in second half of 2015. The
various reasons lead to banks offering promotions and alternative
products to compete for deposits. Our representative explains how
an alternative product such as Step-Up Deposits work and how they
have been in the market for some time. He goes on to elaborate how
they have been gaining popularity recently due to its similarity
with SSBs. His segment finally finishes off with a comparison of
the returns between the traditional Fixed
Term Deposit, Singapore
Savings Bonds and Step-Up Deposits.
Other Details about the Episode
The rest of the episode explains how Singapore
Savings Bonds work and factors to consider when deciding between
Fixed Term Deposit
Savings Bonds. There is also a special feature on Singapore
Chinese Chamber of Commerce and Industry (SCCCI) for its contribution
to years of nation-building and the entrepreneurial spirit of prominent
Chinese business leaders with SCCCI.
Comments on Interview on Channel 8's 财经追击