Best places for investing or saving money now?

• clone_war85

  11 Jul 09, 01:33

  In this market crisis right now, where stocks and shares are unstable and property flutuating greatly. Where do you think is the best place to park your money right now?

  1) CPF

  2) Property

  3) Stocks, unit trusts

  4) Banks Fixed Deposit

  5) Insurance

  Listed above are 5 main streams of places where Singaporeans park their money to grow and for retirement. Which is the best in your view?

   

• clone_war85

  12 Jul 09, 18:13

  2) Fixed deposit
  
  Rates collated on 6 July 2009 (Source : http://singaporesearchsite.com/singapore-tips/fixed-deposit-interest-rate/)
  
  Period:         1 Yr   Citibank   DBS      HSBC   MayBank      OCBC        RHB        SC           UOB
  
   < S$10k                     -            0.4500    0.4800     0.8750          0.5500        0.7500     0.3500     0.4500
  
  S$10k                        0.4500   0.4500    0.4800      0.8750           0.5500       0.7500     0.3500     0.4500
  
  S$20k                        0.4500   0.4500    0.4800      0.8750           0.5500       0.7500     0.3500      0.4500
  
  S$30k                       0.4500     0.4500   0.4800     0.8750            0.5500       0.7500     0.3500      0.4500
  
  S$40k                       0.4500    0.4500   0.4800     0.8750            0.5500        0.7500    0.3500      0.4500
  
  S$50k                       0.4500     0.4500   0.4800     0.8750           0.5500         0.7500    0.3500      0.4500

• TooFree

  12 Jul 09, 18:34

  Having a low appetite for risk, I would usually parked a portion of my monthly salary with the bank's savings account. Good for rainy days use.

• lianamaster

  25 Jul 09, 23:34

  Originally posted by clone_war85:

  2) Fixed deposit
  
  Rates collated on 6 July 2009 (Source : http://singaporesearchsite.com/singapore-tips/fixed-deposit-interest-rate/)
  
  Period:         1 Yr   Citibank   DBS      HSBC   MayBank      OCBC        RHB        SC           UOB
  
   < S$10k                     -            0.4500    0.4800     0.8750          0.5500        0.7500     0.3500     0.4500
  
  S$10k                        0.4500   0.4500    0.4800      0.8750           0.5500       0.7500     0.3500     0.4500
  
  S$20k                        0.4500   0.4500    0.4800      0.8750           0.5500       0.7500     0.3500      0.4500
  
  S$30k                       0.4500     0.4500   0.4800     0.8750            0.5500       0.7500     0.3500      0.4500
  
  S$40k                       0.4500    0.4500   0.4800     0.8750            0.5500        0.7500    0.3500      0.4500
  
  S$50k                       0.4500     0.4500   0.4800     0.8750           0.5500         0.7500    0.3500      0.4500