As from April 2013 my Journey in Investing is to create Retirement Income for Life till 85 years old in 2041 for two persons over market cycles of Bull and Bear.

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Welcome to Ministry of Wealth!

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

It is here where I share with you how I did it! FREE Education in stock market wisdom.

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Value Investing
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Sunday, 2 October 2011

The best interest rate in Singapore for senior citizens!

Read? The best Bond fund in Singapore for senior citizens!

Reaching 55. Congratulations! You are now senior citizen in Singapore.

You have special privilege. The National Bank of Singapore upon you reaching 55 will automatically setup a special saving account for you and let you enjoy the best interest rate at 2.5% in Singapore. You are entitled to one withdrawal per year for any amount at any time between your two birthday. I am pretty sure that your younger colleagues, friends and relative will be jealous of your super interest rate in the current market condition.

CPF Investment Account

Do you have some long-term stocks in your CPF investment account receiving good dividends?

If yes, don't close your CPF investment account to transfer them to CDP as cash stocks.

You can do something wonderful with those stocks in your CPF investment account.

Emergency Fund

Do you maintain several bank Fixed Deposits at low interest rate of 1.X% as Emergency fund?

If yes, now you have special privilege to transfer your fixed deposits from your banks to the National Bank of Singapore to earn much higher interest rate at 2.5% for senior citizens.

This is how you do it?

Keep most of your Emergency fund at the National Bank of Singapore to earn higher interest rate at 2.5%; but do maintain some spare money at low interest rate as liquidity fund at any bank in Singapore for immediate cash withdrawal. This is a small price to pay for liquidity and worth it.


I am senior citizen and
 a privilege banking customer of
National Bank of Singapore.


  1. Great place for cash fund.
    Thanks for the excellent idea.


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