It was a great two years for many of the savers. FED keeps increasing interest rate and as a result, savers (those who don’t like to take risk in equities) are crying for joy! If one goes around, can easily get 3% for Fixed deposit these two years or locked more than 3% under SSBs for 10 years!

Of course, I took the opportunity to bump up the SSBs for me and my spouse such that we will get super safe regular income for about $980+ per month on average for the next 10 years. Considered that our typical household expenses are about $3k per month, this covers about 1/3! However, of course should there be great bear that comes, it will be time to activate warchest. The most sad case is no warchest to buy when things are on sale. Then next important will be courage.

Saving Options for Dec 2024

Option 1: Singapore Saving Bonds – SBJAN24 GX24010F

This month bond is relatively very lousy as compared to previous month. However at least it is still more than 3%. Definitely I won’t buy as it is not attractive for me at all since I have already got what I wanted last month. For my regular readers who saw my post and applied last month, likely will not be interested for this month SSB.

For those who are still keen can apply and has not hit your 200k limit, application deadline is 26 Dec 2023, 9pm. I am sure this issue will be under subscribed.

Pros and Cons of SSB

Anyway,

Let’s us recap the advantages of SSB first:

• Very safe – backed by Singapore Government
• Locked down decent rates of around 3% for 10 years.
• Easy to redeem and can redeem partial
• Liquidity needs maximum of 1 month where you can get your money back. Hence suitable as emergency fund.
• Limit of 200k should be good enough for most people.
• Can build Bond Ladder to get monthly income (which I have already did)

Let’s us recap the disadvantages of SSB:

• Short term rates are lower than banks’ fixed deposits, money market funds such of around 3.5% and above.
• Risk Free 6 month treasury yield is close to 4% which is higher
• Low returns
• 1 month liquidity to redeem your funds may be too long for people who need the funds immediately.

Option 2: T-Bills

For now, you should be able to get above 3.5%. Much better than fixed deposits!

For those who are keen, don’t forget to apply!

Option 3: Bank Liquid accounts

Personally, I am using these 4 accounts for my super liquid cash. Do consider them!

For me the reasons that I am using these are:

• High interest above 3% but your funds can be withdrawn/transferred anytime. SSB needs 1 month, but these are immediate
• Can setup as Joint account for Estate purposes whereas SSB can’t, can only single CDP account 🙁
• Little or no hassle

Deal 1:

Interest rates are getting lower everywhere and there are usually many hoops to jump to get higher rate such as OCBC 360 and UOB ONE!
Consider Maribank, one of the fuss free and give you 1.28% daily without any conditions! Interest is credited daily!

Sign up for MariBank using my referral code: 2KGZ29UL.
https://www.maribank.sg/product/mari-savings-account/

Insured up to S$100k by SDIC.

Deal 2:

Best Items that I have bought from Shopee.

ONLY the best useful worthy items

Many people I realised that they have only shared things that give them the most commissions. I am different. I will only share things that I have bought, used and found it to be good.

Deal 3:

Webull – Get free money!

Good deal! Do not miss this! Sign up here now for free money!!

Deal 4:

Trust Bank New Clients

• Sign up using referral code KNDBPEPT. Key in this code after you download the Trust Bank App from Trust Bank Website
• No minimum balance account
• No foreign transaction fee, great exchange rates when overseas. See my review via Trust Card – Excellent Card for overseas usage.

Deal 5:

FSMone – Cheap Comms and can transfer your shares to Personal/Joint CDP for Free

I am using FSMOne.com to invest in funds & ETFs (including money market funds). FSM is good due to the low comms and the free transfer from FSMOne to CDP (typically takes less than a week to transfer). If you do not have an account, you can sign up here. Please use my FSMOne referral code: P0413007.

• You can read my experience of how I buy cheaply using FSMOne and then transfer my shares to Joint CDP within few days via $0 Free of Charge Transfer of SGX Shares from FSM to CDP and updates! – Done in less than 3 days!
• I am also using FSMOne as part of my Estate Planning Plan. You can read about this via Simplified Guide to the Key Gist of Grant of Probate and Estate Planning

Deal 6:

Eskimo – Best Option for Roaming!

For now, you can get 500MB for free just by signing up with my referral link, no purchase required (I get 500MB only too, but only if you buy a paid plan). Referral code: CHING104915

You can read my review here.

• Battle of Enough VS Spending for Financial Bloggers
• Ultimate Formula for FIRE (Financial Independent, Retire Early)
• Demise of REITs and do you still believe in REITs?
• Dividend Investing is Dangerous
• SSB Bond Ladders
• Simplified Guide to the Key Gist of Grant of Probate and Estate Planning
• Cheapest and best way to trade Singapore Stocks with CDP
• Mastering Dividend Investing: 5 Evergreen Investment Principles
• Unlock Lucrative Returns with IAPD: A High-Yield ETF Providing 7% Annual Yield and Quarterly Payouts
• Unlock Lucrative Returns with SDIV: A High-Yield ETF Providing 11% Annual Yield and Monthly Payouts
• If I am a dividend investor, this is what I would do….
• 7 Things to consider before buy a dividend stock
• 4 Dividend ETFs that can let you sleep well even in the scary bear market
• 5 Best Counters for Passive Dividend Investing
• The Three MOST Important Traits of an Investor
• What is the best investment strategy in the world?
• Ultimate Strategy of buying REITS: XXX instead of X000?
• Ultimate Free 2 Days Reit MasterClass: Exclusive at Careyourpresent.com

Money just buy you the chance of freedom but can’t buy back time. In life, there is no reset button. Time is limited but money is not.

When you are young and working, you exchange time for money. When you are old, you can have lots of money but you can’t buy time back, especially the things that you have missed (your strong health, time with young child) while busying striking out in career.

Your kids grew up and they no longer need you to accompany them. They no longer want to sit on your lap to share/do things with you…all these time you spent in your 9 to 6 or even longer cubicles…can the money that you have earned by you back these?

We always thought we have more time with our old parents, but we are wrong. Time with them is ticking away every day. One day it will suddenly be gone. There is no regret medicine, no reset in time. Gone is gone and cannot come back. No matter you are billionaires or millionaires, you cannot reset this.

We always thought that we have more time with our spouse every day, but we are wrong. One day they will be gone too. When you read this, please go tell your spouse that you love him/her and he or she is the best thing that you ever had in your life.

Love your life daily. You have one less day with your spouse, parents, children and yourself. Time is ticking away.

Focusing Careyourpresent & living a fulfilling life by supercharging your mind & investment/online income. Careyourpresent Series focus on things that one MUST know in their Life.

• Embracing the Transience: Life Is Short
• Are you one of them?
• Three Pictures to change your Life and Mind
• Live in Present is not easy
• 小时候，幸福很简单。长大了，简单很幸福。
• The Best Advice to Parents and Child
• What if Later never come?
• What will you bring with you on your last day on Earth?
• Time is the ultimate currency, not money
• Our Life only have 5 short Days – we should live the best for every day
• Truly understand Living in the Moment now
• 11 Important Unexpected Life and Money lessons to learn from Your Children
• The days are long but the years are short
• Ditch your mobile phone to build real life
• Careyourpresent: Time is the most important
• Careyourpresent: What is your purpose of life?
• Careyourpresent : Greatest Regrets in life
• Careyourpresent : You might not believe it. It’s little unexpected things that make up a real life
• Careyourpresent: Something only happen once in life, if you missed it, it’s gone forever…
• Careyourpresent : Why is Gold useful?
• Careyourpresent: Frozen. Let it go!

More articles can be found here.

For those who are interested in regular updates of my articles, please join the others to sign up for my free newsletter to has my newest blogposts sent to your mailbox for free!

For real time exclusive updates on market news/life (especially Crypto markets where the news move fast, important news will be shared directly via tweets or telegrams), do also join the platforms below and engage with other like-minded people!

• Telegram Group (Chat with me and other like minded people!)
• Telegram Channel (Get the latest updates on the markets/life!)
• Twitter
• Facebook
• RSS Feed

You may also contact me via [email protected].

Idling Cash

Everyone has some idling cash, and many would still like to generate decent returns for these idling cash. With dipping fixed deposit rate, it is getting difficulty to get nice, high fixed deposit rate especially for those who just got back their money for DBS 4.88% 3 months Fixed Deposit on 13 May.

There are so many options around so what would be the next best option(s)?

Other Options

In this society, many people are are busy and would like summarize version of articles for quick solution but many people tend to write longer articles. Why so?

The ad companies like Google Adsense counts how long people stay in your blogs and what they have clicked. Hence, longer articles make people scroll longer and stay on your blog longer, higher chance for click, hence higher ad income.

Let me summarize in a relatively short article on what are the options available now for options that I am using with at least 2% interest.

Disclaimer: I don’t like to share things that I am not using for the sake of getting referral fees. I only share things that I genuine think is useful and is currently using.

Name	Type	Risk	Interest Rate	Where to apply?
UOB ONE	Bank Deposit	Very low if you keep within the 75K SDIC	up to 5% for 100k if you spend $500 per month using UOB One Card and Credit your salary. Recommended to use a joint account with spouse/parent if possible, for the 150k (75K + 75K) SDIC Insurance Personally, I did this by crediting my salary, spend $500 every month, and get around $420 each month.	Click here to apply
OCBC 360	Bank Deposit	Very low if you keep within the 75K SDIC	4% for 100k if you credit your salary + increase ADB by $500 each month. Recommend putting around $600 at 1st of every month. Recommended to use a joint account with spouse/parent if possible, for the 150k (75K + 75K) SDIC Insurance Personally, my wife credit her salary and I put in $600 every 1st day of the money and set alert for transaction of $0.01 to my bank so ensure that I transfer my money out whenever there is money credited into his account. We get around $330 each month.	Click here to apply
SCB Esaver	Bank Deposit	Very low if you keep within the 75K SDIC	~ earn up to 3.80% p.a. interest on eligible deposit balance of S$2 million with no lock-in period. Take note of the SDIC 75k too. Personally, I got the 4% promotion from March to Aug 2023. Hence, I simply put 150k to get around $500 each month without doing anything. Of course, this is joint account with my spouse for the SDIC insurance.	Click here to apply
CIMB Fastsaver	Bank Deposit	Very low if you keep within the 75K SDIC	up to effective interest rate of 2.5% if you put in 75K. Personally, I use this as my daily cash flow account so that get some decent interest while don’t need to bother with the hassle of doing anything or something to get that extra interest.	Click here to apply
Singapore Saving Bonds (SSB)/Treasury Bills	SG Government Bonds	Very Low	MAS protected, bonds by government. 2 to 3+% interest rate. Latest SSB issue is 2.8% only. I have built up my bond ladders in the past years. Personally, together with my spouse, I get about $600 each monthly using SSB Bond ladders. I also have Tbills that expiring on different timeline.	Click here to apply
Singlife	Insurance savings plan by SingLife	Very Low	Earn up to 2% for the 1st 10k. This policy is protected under the Policy Owners’ Protection Scheme which is administered by the Singapore Deposit Insurance Corporation (SDIC).  Personally, I am also using this as a daily cash flow account.	Click here to apply
FSM Autosweep	Money Market Fund	Low	Current rate is about 3%. Personally, I am using this account to put my investable funds for Singapore Stocks. The comms to buy Singapore shares is about $12-$15 for buying about 5k to 10k worth of shares. After buying the shares, I will keep my shares in FSM for those that I want to trade so that can sell easily with cheaper commissions as compared to other traditional brokerages. For those shares that I want to keep, I will transfer it to Joint CDP with my spouse for free. FSM please continue to keep this free 🙂 I did the transfer many times, so far it took less than a week (most recent one was requested on Tuesday and got transferred on Friday in the same week). But there was once where it took about 2 weeks ~ somewhere around Feb 2023 this year.	If you do not have an account, you can sign up here. Please use my FSMOne referral code: P0413007.
Poems Smartpark	Money Market Fund	Low	Current rate is about 3.7%. Personally, I have put some of my funds here to spread the low risk of Money Market Funds.	Click here to apply
Webull MoneyBull	Money Market Fund	Low	Current rate is about 3.7%. There is a promotion now, don’t missed the free money! You can read more via Webull New Offer: Use S$0.01 to earn US$50 to US$500 and chance to win Tesla Model 3 Car Personally, I have put some of my funds here to spread the low risk of Money Market Funds.	Click here to apply
Moomoo Cash Plus	Money Market Fund	Low	Current rate is about 3.7%. There is a promotion now, don’t missed the free money! You can read more via Moomoo – One Stop Platform for US, SG, HK stocks and a great higher yield alternative to Singapore Saving Bonds using Moomoo Cash Plus! Personally, I have put some of my funds here to spread the low risk of Money Market Funds.	Download the Moomoo SG app using this link on your phone and then log in
MoneyOwl Wise Saver	Money Market Fund	Low	Current rate is about 3.7%. Personally, I have put some of my funds here to spread the low risk of Money Market Funds.	Click here to apply

With the above, I get around S$1600 to S$1800 almost risk-free money per month. Don’t let your idling cash to waste! Put it into something! Some or all of the options that I have shared above!

Estate Planning

If you look carefully above, I mentioned a lot about Joint account etc. Actually, this is part of my Estate planning. Given that my wife is totally noob in finance matters, I have to keep things simple. Hence, I tried to put as much as our funds in joint accounts if possible. For those that I am unable to, I will cover the shortfall with a “Will”. For FSM, I use beneficiary account with my wife as beneficiary. All the transaction I have kept in a file that I have shared with her privately offline.

Details of how to do Estate planning, perhaps I will share in another post if the readers are interested.

Inflation

With inflation and rising costs in the current world situation, I still missed teh $2 Cai Png and Chicken Rice etc 20 years ago. Now easily each simple meal can cost $4! Everyone really need to find ways to get extra income, even a small amount will help. Do read this post (Unlocking Extra Income: Side income updates) to learn how to get extra little side income!

For those new to finance world, getting your first paid check. It would be good to know how to manage your cashflow too. Do read this post (Cashflow Management Made Easy: How I Simplified my Cashflow Management) for more information!

Time is the Ultimate Currency, not Money

Lastly, please remember Time is the ultimate currency, not money! Below is what I shared in this post.

Money just buy you the chance of freedom. When you are young and working, you exchange time for money. When you are old, you can have lots of money but you can’t buy time back, especially the things that you have missed while busying striking out in career. Of course, if you love your career, and consciously know that you are missing out the first time your child walk or talk, that’s ok, but if you are the other spectrum, please do something about it.

Good articles that you should read!

People are drawn to dividend investing.

Why? Firstly, dividends provide a regular stream of income, allowing investors to receive a portion of the company’s profits on a periodic basis. This can be particularly attractive for individuals seeking consistent cash flow or looking to supplement their existing income. Additionally, dividend investing is often viewed as a more stable and predictable investment strategy compared to relying solely on capital appreciation.

I always write and share articles, especially on dividends which many people love them. Do read them!

• Simplified Guide to the Key Gist of Grant of Probate and Estate Planning
• Cheapest and best way to trade Singapore Stocks with CDP
• Mastering Dividend Investing: 5 Evergreen Investment Principles
• Unlock Lucrative Returns with IAPD: A High-Yield ETF Providing 7% Annual Yield and Quarterly Payouts
• Unlock Lucrative Returns with SDIV: A High-Yield ETF Providing 11% Annual Yield and Monthly Payouts
• If I am a dividend investor, this is what I would do….
• 7 Things to consider before buy a dividend stock
• 4 Dividend ETFs that can let you sleep well even in the scary bear market
• 5 Best Counters for Passive Dividend Investing
• The Three MOST Important Traits of an Investor
• What is the best investment strategy in the world?
• Ultimate Strategy of buying REITS: XXX instead of X000?
• Ultimate Free 2 Days Reit MasterClass: Exclusive at Careyourpresent.com only!

Alternatively, you can go the right side of my page, there is a search bar where you can simply search “dividend” to see all my articles related to dividends!

Of course, you can search for other things that would interest you such as “Careyourpresent”, “Reits”, “Side Hustles”, “Fixed Incomes”, “Savings” etc.

CAREYOURPRESENT

Money just buy you the chance of freedom.

When you are young and working, you exchange time for money. When you are old, you can have lots of money but you can’t buy time back, especially the things that you have missed while busying striking out in career. Of course, if you love your career, and consciously know that you are missing out the first time your child walk or talk, that’s ok, but if you are the other spectrum, please do something about it.

Your kids grew up and they no longer need you to accompany them. They no longer want to sit on your lap to share/do things with you…all these time you spent in your 9 to 6 or even longer cubicles…can the money that you have earned by you back these?

We always thought we have more time with our old parents, but we are wrong. Time with them is ticking away every day. One day it will suddenly be gone. There is no regret medicine, no reset in time. Gone is gone and cannot come back. No matter you are billionaires or millionaires, you cannot reset this.

We always thought that we have more time with our spouse every day, but we are wrong. One day they will be gone too. When you read this, please go tell your spouse that you love him/her and he or she is the best thing that you ever had in your life.

I have picked out some of the more life reflecting articles of the CAREYOURPRESENT series. Do read them:

• The Best Advice to Parents and Child
• What if Later never come?
• What will you bring with you on your last day on Earth?
• Time is the ultimate currency, not money
• Our Life only have 5 short Days – we should live the best for every day
• Truly understand Living in the Moment now
• 11 Important Unexpected Life and Money lessons to learn from Your Children
• The days are long but the years are short
• Ditch your mobile phone to build real life
• Careyourpresent: Time is the most important
• Careyourpresent: What is your purpose of life?
• Careyourpresent : Greatest Regrets in life
• Careyourpresent : You might not believe it. It’s little unexpected things that make up a real life
• Careyourpresent: Something only happen once in life, if you missed it, it’s gone forever…
• Careyourpresent : Why is Gold useful?
• Careyourpresent: Frozen. Let it go!

You can read more about my articles on Careyourpresent via the Category “Careyourpresent” or simply click “Careyourpresent” via the main menu bar.

REMEMBER:

Love your life daily.

You have one less day with your spouse, parents, children and yourself.

Time is ticking away.

For each passing day,

Enjoy and Treasure your Life!

For those who are interested in regular updates of my articles, please join the others to sign up for my free newsletter to has my newest blogposts sent to your mailbox for free!

For real time exclusive updates on market news/life (especially Crypto markets where the news move fast, important news will be shared directly via tweets or telegrams), do also join the platforms below and engage with other like-minded people!

• Telegram Group (Chat with me and other like minded people!)
• Telegram Channel (Get the latest updates on the markets/life!)
• Twitter
• Facebook
• RSS Feed

You may also contact me via [email protected].

If you’re looking referral codes, do check out my referral and ebook page. Give it a try and who knows? You might end up loving these platforms! To be absolutely fair to all the readers, I am definitely using all these companies and they are useful to me! Likely will be useful to you too!

At the same referral and ebook page, you can also download my free ebooks and other free resources.

For quick references to these resources, you can see below.

• Ebooks and other useful resources on enhancing productivity (Investment, Excel, Notion etc). Currently most of it are free at this moment (subject to change).
• WeBull: A powerful brokerage with nice free welcome gift. You can refer to my guide here on how to signup! 4 Simple step only! Click here to register a new account!
• MoneyOwl: You can use this 6SHU-93MC to get free grab vouchers and highly safe liquid cash fund account.
• Trust Bank – You will enjoy free FairPrice E-Voucher referral if you sign up via my referral code KNDBPEPT. Simply download the Trust Bank SG App on the App Store or Google Play Store. Tap on “Use referral code” immediately after you start the app and key in: KNDBPEPT
• FSMOne: P0413007. Good account to keep liquid cash in autosweep and to purchase investment at low fee.
• Hostinger: You can use this link for hosting your new website. 20% off hosting!
• Crypto.com: Use my referral link https://crypto.com/app/h92xdfarkq to sign up for Crypto.com and we both get $25 USD 🙂

Update on the rates

This is a short post to provide an update to my previous post.

If you refer to my post two days ago on SAVERs – Best Options to maximise your interests, I have mentioned that the rates will likely goes down – hence please locked in your funds for Savers.

In that post, I have presented 4 options:

• DBS Fixed Deposit 5 Months Promotion
• OCBC 4.08% Fixed Deposit Promotion
• CIMB Fixed Deposits
• MoneyOwl WiseSaver

CIMB Fixed Deposits

Among the 4 options above, CIMB Fixed Deposits rate are considered as drastic drop as of now.

Compared the two screenshots below, a drastic drop. Hope that you have locked in after my post two days ago.

Remaining Options

Luckily the other 3 options that I have mentioned in my post two days ago on SAVERs – Best Options to maximise your interests are relatively intact, do grab while stock last.

For the MoneyOwl, just in case that you are not aware, please note that you can setup joint account after you have setup an individual account each. Remember to fund the account with at least $10 so that you can get the free grab referral voucher before the promotion runs out!

Rate Hike

The next FED meeting is coming soon, there will be a rate hike but likely smaller amount. Overall the rate is still high, grab those high interest instruments if you are a saver.

As an investor, I am not optimistic about the market. Currently it feels like a bear rally to me, to suck all people into before massive crash. The earnings will likely be down with economy in dire situation. Stay safe everyone!

Good articles that you should read!

People are drawn to dividend investing.

Why? Firstly, dividends provide a regular stream of income, allowing investors to receive a portion of the company’s profits on a periodic basis. This can be particularly attractive for individuals seeking consistent cash flow or looking to supplement their existing income. Additionally, dividend investing is often viewed as a more stable and predictable investment strategy compared to relying solely on capital appreciation.

I always write and share articles, especially on dividends which many people love them. Do read them!

• Simplified Guide to the Key Gist of Grant of Probate and Estate Planning
• Cheapest and best way to trade Singapore Stocks with CDP
• Mastering Dividend Investing: 5 Evergreen Investment Principles
• Unlock Lucrative Returns with IAPD: A High-Yield ETF Providing 7% Annual Yield and Quarterly Payouts
• Unlock Lucrative Returns with SDIV: A High-Yield ETF Providing 11% Annual Yield and Monthly Payouts
• If I am a dividend investor, this is what I would do….
• 7 Things to consider before buy a dividend stock
• 4 Dividend ETFs that can let you sleep well even in the scary bear market
• 5 Best Counters for Passive Dividend Investing
• The Three MOST Important Traits of an Investor
• What is the best investment strategy in the world?
• Ultimate Strategy of buying REITS: XXX instead of X000?
• Ultimate Free 2 Days Reit MasterClass: Exclusive at Careyourpresent.com only!

Alternatively, you can go the right side of my page, there is a search bar where you can simply search “dividend” to see all my articles related to dividends!

Of course, you can search for other things that would interest you such as “Careyourpresent”, “Reits”, “Side Hustles”, “Fixed Incomes”, “Savings” etc.

CAREYOURPRESENT

Money just buy you the chance of freedom.

When you are young and working, you exchange time for money. When you are old, you can have lots of money but you can’t buy time back, especially the things that you have missed while busying striking out in career. Of course, if you love your career, and consciously know that you are missing out the first time your child walk or talk, that’s ok, but if you are the other spectrum, please do something about it.

Your kids grew up and they no longer need you to accompany them. They no longer want to sit on your lap to share/do things with you…all these time you spent in your 9 to 6 or even longer cubicles…can the money that you have earned by you back these?

We always thought we have more time with our old parents, but we are wrong. Time with them is ticking away every day. One day it will suddenly be gone. There is no regret medicine, no reset in time. Gone is gone and cannot come back. No matter you are billionaires or millionaires, you cannot reset this.

We always thought that we have more time with our spouse every day, but we are wrong. One day they will be gone too. When you read this, please go tell your spouse that you love him/her and he or she is the best thing that you ever had in your life.

I have picked out some of the more life reflecting articles of the CAREYOURPRESENT series. Do read them:

• The Best Advice to Parents and Child
• What if Later never come?
• What will you bring with you on your last day on Earth?
• Time is the ultimate currency, not money
• Our Life only have 5 short Days – we should live the best for every day
• Truly understand Living in the Moment now
• 11 Important Unexpected Life and Money lessons to learn from Your Children
• The days are long but the years are short
• Ditch your mobile phone to build real life
• Careyourpresent: Time is the most important
• Careyourpresent: What is your purpose of life?
• Careyourpresent : Greatest Regrets in life
• Careyourpresent : You might not believe it. It’s little unexpected things that make up a real life
• Careyourpresent: Something only happen once in life, if you missed it, it’s gone forever…
• Careyourpresent : Why is Gold useful?
• Careyourpresent: Frozen. Let it go!

You can read more about my articles on Careyourpresent via the Category “Careyourpresent” or simply click “Careyourpresent” via the main menu bar.

REMEMBER:

Love your life daily.

You have one less day with your spouse, parents, children and yourself.

Time is ticking away.

For each passing day,

Enjoy and Treasure your Life!

For those who are interested in regular updates of my articles, please join the others to sign up for my free newsletter to has my newest blogposts sent to your mailbox for free!

For real time exclusive updates on market news/life (especially Crypto markets where the news move fast, important news will be shared directly via tweets or telegrams), do also join the platforms below and engage with other like-minded people!

• Telegram Group (Chat with me and other like minded people!)
• Telegram Channel (Get the latest updates on the markets/life!)
• Twitter
• Facebook
• RSS Feed

You may also contact me via [email protected].

If you’re looking referral codes, do check out my referral and ebook page. Give it a try and who knows? You might end up loving these platforms! To be absolutely fair to all the readers, I am definitely using all these companies and they are useful to me! Likely will be useful to you too!

At the same referral and ebook page, you can also download my free ebooks and other free resources.

For quick references to these resources, you can see below.

• Ebooks and other useful resources on enhancing productivity (Investment, Excel, Notion etc). Currently most of it are free at this moment (subject to change).
• WeBull: A powerful brokerage with nice free welcome gift. You can refer to my guide here on how to signup! 4 Simple step only! Click here to register a new account!
• MoneyOwl: You can use this 6SHU-93MC to get free grab vouchers and highly safe liquid cash fund account.
• Trust Bank – You will enjoy free FairPrice E-Voucher referral if you sign up via my referral code KNDBPEPT. Simply download the Trust Bank SG App on the App Store or Google Play Store. Tap on “Use referral code” immediately after you start the app and key in: KNDBPEPT
• FSMOne: P0413007. Good account to keep liquid cash in autosweep and to purchase investment at low fee.
• Hostinger: You can use this link for hosting your new website. 20% off hosting!
• Crypto.com: Use my referral link https://crypto.com/app/h92xdfarkq to sign up for Crypto.com and we both get $25 USD 🙂

Interest rates are going down

The short-term interest rates are coming down…banks fixed deposits, Tbills, SSBs are coming down. Currently today is near the end of January 2023, likely banks will announce new fixed deposits rate soon. Quite likely it will be same or slightly lower for a while.

Of course, you if are a saver, most likely you would like to put your money in the safest options that you can ever find in the current market. For many, this would mean the three local banks – DBS, UOB, OCBC or Treasury Bills/Singapore Saving Bonds by MAS.

SDIC Insurance

Please take note of the 75k SDIC insurance that we have. Spread your risks across different banks. For those who are unsure how this SDIC insurance works, do read here.

In the event a Deposit Insurance (DI) Scheme member bank or finance company fails, all of your insured deposits with that member are aggregated and insured up to S$75,000 by the Singapore Deposit Insurance Corporation Limited (SDIC). Insured deposits held in trust and client accounts held by non-bank depositors are insured up to S$75,000 per account. 

In short, your deposits are insured up to S$75,000 per bank/finance company. If you hold a joint account with your spouse, your deposits are insured up to S$150,000 in total (S$75,000 each, assuming each of you don’t hold other deposits with the same bank/finance company).

For example:

Money in your Personal Account with Bank A: $20k.

Money in your Joint account with Spouse with Bank A: $120k.

Amount not insured by SDIC under your name = ($20K + $120K/2) – $75K = $5K

Amount insured by SDIC under your name = $75K (since max is $75K)

Amount insured by SDIC under your spouse’s name = $120K/2 = $60K

Keep things short, for savers, these are few options which you can consider now.

DBS Fixed Deposit 5 Months Promotion

I have received a notification about this promotion with DBS Fixed Deposit when I logged in to my internet banking few days ago:

3.9% p.a. 5 months fixed deposit promotion for a minimum of $20,000 placed.

Promo code: SR5A.

However, this might be for targeted customers of DBS only. Whatever the case is, no harm to try if you are keen? Simply login to your internet banking and submit to apply for it!

Personally, I have quickly applied in case the promotion code run out!

OCBC 4.08% Fixed Deposit Promotion

8 Month Fixed Deposit at 4.08% for OCBC 360 Customers. Don’t miss it! The caveat is you will need to have OCBC 360 accounts in the first place.

CIMB Fixed Deposits

With 10k minimum, the rate is 3.95% for 6 months, 4.05% for 9 months and 4.15% for 12/18 Months.

For those who think that the interest rate will starts to go down from here, it would be good for you to lock some funds (remember SDIC insurance is 75k) for the 12/18 Months.

This promotion is only until 31 January 2023 (today and tomorrow!).

My guess is the rate will drip from 1 Feb 2023 onwards, do consider locking up some funds that you may be planning to use in 6/12/18 months from now.

While stock last!

Other Options

There are some savers who don’t like to lock up their funds but still like to get high interest rate. Options for this kind of accounts would be using Money Market Funds. There are many companies that offer this – MoneyOwl WiseSaver, FSM Autosweep, Poems Money Market Funds, Tigers’ Broker Cash Plus, Moomoo Cash Plus etc.

Of course, Singapore Saving Bond is another option, but the current 10 years rate is 2.97% and need 1 month to take out. For those who want to lock up their money for longer term with 1 month liquidity, this is a very good option. Personally, I have put in my emergency funds into Singapore Saving Bonds and built a bond ladder using these.

Personally, for Money Market Funds which give high interest rate with few days liquidity, I have Trust Issue and prefer local companies to hold my funds that I indicate to allocate under “Fixed Income”. Hence, I am only using MoneyOwl WiseSaver, FSM Autosweep and Poems Money Market Funds. Out of these three, I would recommend using MoneyOwl WiseSaver for higher rate of around 4% for savers who like high interest and high liquidity.

For regular DIY investor, I would recommend FSM Autosweep as we can use it to buy equities anytime.

MoneyOwl WiseSaver

MoneyOwl Wisesaver is investing in Fullerton SGD Cash Fund – Class A (SGD) which invested mainly in SGD Fixed Deposit and backed by Temasek. MoneyOwl itself is under NTUC income. It is as safe as you can get!

The latest rate is around 4.01%. This is liquid and you can take out anytime.

Insure, invest, or do a financial planning with MoneyOwl and get welcome Grab credits when you join using my referral link/code. You can use my referral link (or key in 6SHU-93MC) to get free $20-$60 Grab Vouchers when you invest with them.

To earn the first free $20, simply sign up for WiseSaver which the underlying fund is Fullerton Cash Fund – invested in rolling SGD Fixed Deposit and backed by Temasek. Then put in minimum $10 via FAST transfer to fund this account to earn full liquid ~4% yield. Since free money and risk free, why not?

Conclusion

For those with idling funds and would like to get higher returns, please consider the options above to make your funds work harder.

Good articles that you should read!

People are drawn to dividend investing.

Why? Firstly, dividends provide a regular stream of income, allowing investors to receive a portion of the company’s profits on a periodic basis. This can be particularly attractive for individuals seeking consistent cash flow or looking to supplement their existing income. Additionally, dividend investing is often viewed as a more stable and predictable investment strategy compared to relying solely on capital appreciation.

I always write and share articles, especially on dividends which many people love them. Do read them!

• Simplified Guide to the Key Gist of Grant of Probate and Estate Planning
• Cheapest and best way to trade Singapore Stocks with CDP
• Mastering Dividend Investing: 5 Evergreen Investment Principles
• Unlock Lucrative Returns with IAPD: A High-Yield ETF Providing 7% Annual Yield and Quarterly Payouts
• Unlock Lucrative Returns with SDIV: A High-Yield ETF Providing 11% Annual Yield and Monthly Payouts
• If I am a dividend investor, this is what I would do….
• 7 Things to consider before buy a dividend stock
• 4 Dividend ETFs that can let you sleep well even in the scary bear market
• 5 Best Counters for Passive Dividend Investing
• The Three MOST Important Traits of an Investor
• What is the best investment strategy in the world?
• Ultimate Strategy of buying REITS: XXX instead of X000?
• Ultimate Free 2 Days Reit MasterClass: Exclusive at Careyourpresent.com only!

Alternatively, you can go the right side of my page, there is a search bar where you can simply search “dividend” to see all my articles related to dividends!

Of course, you can search for other things that would interest you such as “Careyourpresent”, “Reits”, “Side Hustles”, “Fixed Incomes”, “Savings” etc.

CAREYOURPRESENT

Money just buy you the chance of freedom.

When you are young and working, you exchange time for money. When you are old, you can have lots of money but you can’t buy time back, especially the things that you have missed while busying striking out in career. Of course, if you love your career, and consciously know that you are missing out the first time your child walk or talk, that’s ok, but if you are the other spectrum, please do something about it.

Your kids grew up and they no longer need you to accompany them. They no longer want to sit on your lap to share/do things with you…all these time you spent in your 9 to 6 or even longer cubicles…can the money that you have earned by you back these?

We always thought we have more time with our old parents, but we are wrong. Time with them is ticking away every day. One day it will suddenly be gone. There is no regret medicine, no reset in time. Gone is gone and cannot come back. No matter you are billionaires or millionaires, you cannot reset this.

We always thought that we have more time with our spouse every day, but we are wrong. One day they will be gone too. When you read this, please go tell your spouse that you love him/her and he or she is the best thing that you ever had in your life.

I have picked out some of the more life reflecting articles of the CAREYOURPRESENT series. Do read them:

• The Best Advice to Parents and Child
• What if Later never come?
• What will you bring with you on your last day on Earth?
• Time is the ultimate currency, not money
• Our Life only have 5 short Days – we should live the best for every day
• Truly understand Living in the Moment now
• 11 Important Unexpected Life and Money lessons to learn from Your Children
• The days are long but the years are short
• Ditch your mobile phone to build real life
• Careyourpresent: Time is the most important
• Careyourpresent: What is your purpose of life?
• Careyourpresent : Greatest Regrets in life
• Careyourpresent : You might not believe it. It’s little unexpected things that make up a real life
• Careyourpresent: Something only happen once in life, if you missed it, it’s gone forever…
• Careyourpresent : Why is Gold useful?
• Careyourpresent: Frozen. Let it go!

You can read more about my articles on Careyourpresent via the Category “Careyourpresent” or simply click “Careyourpresent” via the main menu bar.

REMEMBER:

Love your life daily.

You have one less day with your spouse, parents, children and yourself.

Time is ticking away.

For each passing day,

Enjoy and Treasure your Life!

For those who are interested in regular updates of my articles, please join the others to sign up for my free newsletter to has my newest blogposts sent to your mailbox for free!

For real time exclusive updates on market news/life (especially Crypto markets where the news move fast, important news will be shared directly via tweets or telegrams), do also join the platforms below and engage with other like-minded people!

• Telegram Group (Chat with me and other like minded people!)
• Telegram Channel (Get the latest updates on the markets/life!)
• Twitter
• Facebook
• RSS Feed

You may also contact me via [email protected].

If you’re looking referral codes, do check out my referral and ebook page. Give it a try and who knows? You might end up loving these platforms! To be absolutely fair to all the readers, I am definitely using all these companies and they are useful to me! Likely will be useful to you too!

At the same referral and ebook page, you can also download my free ebooks and other free resources.

For quick references to these resources, you can see below.

• Ebooks and other useful resources on enhancing productivity (Investment, Excel, Notion etc). Currently most of it are free at this moment (subject to change).
• WeBull: A powerful brokerage with nice free welcome gift. You can refer to my guide here on how to signup! 4 Simple step only! Click here to register a new account!
• MoneyOwl: You can use this 6SHU-93MC to get free grab vouchers and highly safe liquid cash fund account.
• Trust Bank – You will enjoy free FairPrice E-Voucher referral if you sign up via my referral code KNDBPEPT. Simply download the Trust Bank SG App on the App Store or Google Play Store. Tap on “Use referral code” immediately after you start the app and key in: KNDBPEPT
• FSMOne: P0413007. Good account to keep liquid cash in autosweep and to purchase investment at low fee.
• Hostinger: You can use this link for hosting your new website. 20% off hosting!
• Crypto.com: Use my referral link https://crypto.com/app/h92xdfarkq to sign up for Crypto.com and we both get $25 USD 🙂

Liquid Cash

We all like to make our liquid cash work harder for us. Treasury Bill recently was 4.4% (getting hot) but no guarantee that you will get the amount you want, money will also be locked up for 6 or 12 months.

Of course, there is OCBC 360 giving 4% and UOB ONE giving 5% but you need to do quite a few things before you can get the rates.

For those who want real liquid money (and hassle free) I would recommend 3 options. I will never share things that I never use, so as disclaimer I have all 3 of the options below.

Option 1: MoneyOwl

It is investing in Fullerton SGD Cash Fund – Class A (SGD) which invested mainly in SGD Fixed Deposit and backed by Temasek. MoneyOwl itself is under NTUC income. It is as safe as you can get!

Insure, invest, or do a financial planning with MoneyOwl and get welcome Grab credits when you join using my referral link/code. I’m already a happy MoneyOwl client, you should check it out too!

You can use my referral link (or key in 6SHU-93MC) to get free $20-$60 Grab Vouchers when you invest with them.

Moreover, there is a promotion until 31 Dec 2022 now where you can get $20 worth of WiseSaver units by 31 January 2023 if you open WiseSaver Account.

Option 2: FSM

The Autosweep rate is 2.556% now, you can take the money out within 1 day if you submit before 3pm to your verified account. Very safe if you see what it is invested in below.

Personaly I am using FSMOne.com to invest in funds & ETFs (including money market funds). FSM is good due to the low comms and the free transfer from FSM to CDP (typically takes less than a week to transfer). If you do not have an account, you can sign up here. Please use my FSMOne referral code: P0413007.

Option 3: Singapore Saving Bonds

Latest rates above, backed by Singapore Government and you can take out within a month. Best of all you will be locked for 3% rate for next 10 years regardless how the interest rate change from now onwards.

Good articles that you should read!

People are drawn to dividend investing.

Why? Firstly, dividends provide a regular stream of income, allowing investors to receive a portion of the company’s profits on a periodic basis. This can be particularly attractive for individuals seeking consistent cash flow or looking to supplement their existing income. Additionally, dividend investing is often viewed as a more stable and predictable investment strategy compared to relying solely on capital appreciation.

I always write and share articles, especially on dividends which many people love them. Do read them!

• Simplified Guide to the Key Gist of Grant of Probate and Estate Planning
• Cheapest and best way to trade Singapore Stocks with CDP
• Mastering Dividend Investing: 5 Evergreen Investment Principles
• Unlock Lucrative Returns with IAPD: A High-Yield ETF Providing 7% Annual Yield and Quarterly Payouts
• Unlock Lucrative Returns with SDIV: A High-Yield ETF Providing 11% Annual Yield and Monthly Payouts
• If I am a dividend investor, this is what I would do….
• 7 Things to consider before buy a dividend stock
• 4 Dividend ETFs that can let you sleep well even in the scary bear market
• 5 Best Counters for Passive Dividend Investing
• The Three MOST Important Traits of an Investor
• What is the best investment strategy in the world?
• Ultimate Strategy of buying REITS: XXX instead of X000?
• Ultimate Free 2 Days Reit MasterClass: Exclusive at Careyourpresent.com only!

Alternatively, you can go the right side of my page, there is a search bar where you can simply search “dividend” to see all my articles related to dividends!

Of course, you can search for other things that would interest you such as “Careyourpresent”, “Reits”, “Side Hustles”, “Fixed Incomes”, “Savings” etc.

CAREYOURPRESENT

Money just buy you the chance of freedom.

When you are young and working, you exchange time for money. When you are old, you can have lots of money but you can’t buy time back, especially the things that you have missed while busying striking out in career. Of course, if you love your career, and consciously know that you are missing out the first time your child walk or talk, that’s ok, but if you are the other spectrum, please do something about it.

Your kids grew up and they no longer need you to accompany them. They no longer want to sit on your lap to share/do things with you…all these time you spent in your 9 to 6 or even longer cubicles…can the money that you have earned by you back these?

We always thought we have more time with our old parents, but we are wrong. Time with them is ticking away every day. One day it will suddenly be gone. There is no regret medicine, no reset in time. Gone is gone and cannot come back. No matter you are billionaires or millionaires, you cannot reset this.

We always thought that we have more time with our spouse every day, but we are wrong. One day they will be gone too. When you read this, please go tell your spouse that you love him/her and he or she is the best thing that you ever had in your life.

I have picked out some of the more life reflecting articles of the CAREYOURPRESENT series. Do read them:

• The Best Advice to Parents and Child
• What if Later never come?
• What will you bring with you on your last day on Earth?
• Time is the ultimate currency, not money
• Our Life only have 5 short Days – we should live the best for every day
• Truly understand Living in the Moment now
• 11 Important Unexpected Life and Money lessons to learn from Your Children
• The days are long but the years are short
• Ditch your mobile phone to build real life
• Careyourpresent: Time is the most important
• Careyourpresent: What is your purpose of life?
• Careyourpresent : Greatest Regrets in life
• Careyourpresent : You might not believe it. It’s little unexpected things that make up a real life
• Careyourpresent: Something only happen once in life, if you missed it, it’s gone forever…
• Careyourpresent : Why is Gold useful?
• Careyourpresent: Frozen. Let it go!

You can read more about my articles on Careyourpresent via the Category “Careyourpresent” or simply click “Careyourpresent” via the main menu bar.

REMEMBER:

Love your life daily.

You have one less day with your spouse, parents, children and yourself.

Time is ticking away.

For each passing day,

Enjoy and Treasure your Life!

For those who are interested in regular updates of my articles, please join the others to sign up for my free newsletter to has my newest blogposts sent to your mailbox for free!

For real time exclusive updates on market news/life (especially Crypto markets where the news move fast, important news will be shared directly via tweets or telegrams), do also join the platforms below and engage with other like-minded people!

• Telegram Group (Chat with me and other like minded people!)
• Telegram Channel (Get the latest updates on the markets/life!)
• Twitter
• Facebook
• RSS Feed

You may also contact me via [email protected].

If you’re looking referral codes, do check out my referral and ebook page. Give it a try and who knows? You might end up loving these platforms! To be absolutely fair to all the readers, I am definitely using all these companies and they are useful to me! Likely will be useful to you too!

At the same referral and ebook page, you can also download my free ebooks and other free resources.

For quick references to these resources, you can see below.

• Ebooks and other useful resources on enhancing productivity (Investment, Excel, Notion etc). Currently most of it are free at this moment (subject to change).
• WeBull: A powerful brokerage with nice free welcome gift. You can refer to my guide here on how to signup! 4 Simple step only! Click here to register a new account!
• MoneyOwl: You can use this 6SHU-93MC to get free grab vouchers and highly safe liquid cash fund account.
• Trust Bank – You will enjoy free FairPrice E-Voucher referral if you sign up via my referral code KNDBPEPT. Simply download the Trust Bank SG App on the App Store or Google Play Store. Tap on “Use referral code” immediately after you start the app and key in: KNDBPEPT
• FSMOne: P0413007. Good account to keep liquid cash in autosweep and to purchase investment at low fee.
• Hostinger: You can use this link for hosting your new website. 20% off hosting!
• Crypto.com: Use my referral link https://crypto.com/app/h92xdfarkq to sign up for Crypto.com and we both get $25 USD 🙂