As from April 2013 my Journey in Investing is to create Retirement Income for Life till 80 years old for two over market cycles of Bull and Bear.

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This blog is authored by an old multi-bagger blue chips stock picker uncle from HDB heartland!

"The market is not your mother. It consists of tough men and women who look for ways to take money away from you instead of pouring milk into your mouth." - Dr. Alexander Elder

"For the things we have to learn before we can do them, we learn by doing them." - Aristotle

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Value Investing
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Wednesday, 22 June 2016

POSB launches savings programme for national servicemen

Under this programme, NSFs will get an interest rate of 2 per cent per annum on their monthly contribution to the savings account for the entire duration of their full-time National Service period.

..

Under this programme, NSFs will get an interest rate of 2 per cent per annum on their monthly contribution to the savings account for the entire duration of their full-time National Service period, up to 24 months. Regular savings accounts currently only attract 0.05 per cent interest.

A stipulated amount between S$50 and S$3,000 will be deducted from a separate POSB/DSB account where national service allowances have been credited.

CW8888:

Ah Boi can save 100% of NSF allowance to earn the additional 2%; but borrow some allowances from Bank of Papa or Bank of Mama at interest-free rate.

No loving parents who can afford this loan will charge their son interests.

Shiok arh!




1 comment:

  1. Ah Boi!

    If you know papa or mama is the can do. Time to speak to them or send them this URL and tell them Uncle say one. LOL!

    ReplyDelete

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