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.
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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!
Posts
Debtzilla – Mastering Personal Finance Through Games
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Our good friend Xeo, the brain behind Wongamania, has launched a new
financial board game Debtzilla! We had the privilege to play it before it
was availabl...
1 hour ago
Ah Boi!
ReplyDeleteIf 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!