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#1
21-05-2014, 01:00 PM
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Do You Agree That CPF Interest Rates are Pegged with Local Bank Interest?
An honorable member of the Coffee Shop Has Just Posted the Following:
Dear brothers and sisters, Please refer to the news below: CPF OA is 2.5%. do you agree? It is pegged with Local Bank Interest. http://www.straitstimes.com/news/sin...ep-30-20140521 Singaporeans are stupid to believe that 2.5% must be pegged with local bank interest. this does not make any sense. this is because if you deposit money into local banks, you can withdraw it any time. however, if you deposit money into CPF, your withdrawal depends on CPF fund and Ho Ching Peformance. how can you compare apple with oranges? CPF is a long term fund and long term fund shall yield much higher return than local bank interests. any finance students know this but they are too stupid to continue to vote for PAP Click here to view the whole thread at www.sammyboy.com. 
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