Personal Finance

Singapore Banks Have Access To S$30M Funds To Boost Cybersecurity

If you are updated with the current events, you would know that the country has suffered a serious data breaching this year. The unfortunate event compromised the personal data of 1.5 million healthcare patients including the data of Prime Minister Lee Hsien Loong. These patients are under SingHealth – the country’s largest group of healthcare institutions spanning various clinical specialties, public hospitals, specialty centers, polyclinics, and community hospitals. Similar stories of data breaching in other sectors have been reported in

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Investments

Leading Fixed Deposit Rates In Singapore

First, you must know the nature of fixed deposits (FD), its advantages, and disadvantages. A fixed deposit is a financial tool offered by the bank, which, provides clients (like YOU) with a higher rate of interest than a savings account. In Singapore, a minimum deposit of S$1, 000 is required to open an account. The fixed deposit rate will only be given within a maturity term. The term ranging from 1 to 36 months depends upon your bank here. Once the money

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Personal Finance

Newbie’s Guide To Singapore Banking

WHY SHOULD YOU KEEP YOUR MONEY IN THE BANK? 1. Protection A potent reason why people prefer to keep their wealth in the bank is its security. Keeping your money at home may increase the risk of it getting stolen or damaged by unforeseen events such as fire. The banks are equipped with facilities to guard your money the best they can possibly can. 2. Accessibility With the modern times, banking had become easier. More and more banks allow online

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Credit & Loan

Should You Borrow Money From The Bank Or Licensed Money Lenders?

Believe it or not, the bank often lends its money to people who are stable enough that they would not need to borrow the money anymore. This is why some Singaporeans turn to alternative ways of acquiring money including Licensed Money Lenders. Now, before you borrow money from any of these options, you must know their differences first. BANKS Loaning money from the bank guarantees that there would be future repayment of the principal amount and its interest. A loan

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Savings

Which Bank To Deposit Your Ang Bao Money?

Banks Deposit

After days of Chinese New Year, many of us feel “richer” after collecting red packets from your parents and relatives. (For those that gave out red packets, i hope your rubbed shoulder with God of Fortune and got your windfall) Now as you hold and sniff your stacks of new notes, you may be thinking of the best place to put away this sum of money other than your tin can or under your pillow. Should you just deposit these

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