Syfe Cash+ Review – How does it compare to the rest?

The banks did it again. In just a few months, several popular savings accounts had their interest rates cut multiple times. For example, Standard Chartered’s Jumpstart account, an account which I have been using since late 2019 had its interest rate cut twice from 2% to 0.4% in months. OCBC 360, OCBC’s flagship savings account…

Best Savings Products in Singapore (January 2021)

Banks have been reducing interest rates for savings account in hopes of saving its own NIM. Recently, several savings products popped up to meet the needs of high yield savers. In this article, we will discuss the feasibility in using such products as an alternative to your usual savings account.

Another Personal Finance and Investing Update

Apologies that I have not been posting any educational post lately. I have been procrastinating after finishing work each day that I did not really set aside time to do any reading or research.  In this post, I will be making a quick update on what happened for the past 2 month since my last…

GIGANTIQ Review – Your Next Best Alternative Savings Plan

I started chasing for yield when I was as young as 16. CIMB FastSaver was the most popular no frill savings account recommended by many. I was happily earning my extra cai png money every month for years until Standard Chartered introduced the Jumpstart account in 2019, offering 2% for the first $20k. Low interest…

How to save $10k before ORD

As a NSF myself, I am always interested in reading articles about finances meant for NSF or youth in general. I recently chanced upon an article by The Woke Salaryman. In the article, he shares about the best things one can do for themself during NS. Among what is shared, saving $10k by ORD is…

How to Fund Your University Fees in Singapore

Congratulations on completing 12 or 13 years of schooling! For the JC students, you will be taking by far the most important exam in your whole life – A Level, which will decide where you will go in University. As for the Poly students, you should be either stressing out on your Final Year Project…

Low Interest Rate Environment – Should You Still Buy Banks?

Ask around investors who recently bought banks – be it DBS, OCBC or UOB. Many would say that they bought Banks because it offers an attractive dividend yield of more than 5% (before dividend cap) in this low interest rate environment. Many complain that REITs, once loved by dividend investors, now offer low dividend yield,…

A Quick Update on Personal Finance and Investing

I have been quite inactive for a while. Therefore, I have decided to make a quick update. This article will not be an educational one. It is more of a personal update on finance and investing. Personal Finance – Adjusting Allocation As shared in one of my previous articles, I have a budget allocation that…

Banks’ Dividend – Cash or Scrip?

The pandemic has resulted in the majority of the companies in the world to report less revenue and earnings. Banks’ earnings are under pressure this year especially from the fact that The Federal Reserve made the bold move of slashing interest rates to combat the impact of the pandemic to the economy. This resulted in…