Hi1307, 8 months ago So you get the same rate as straight up buying SGD bonds, but instead with a 55yr-lifetime lock in period
So you get the same rate as straight up buying SGD bonds, but instead with a 55yr-lifetime lock in period
trewq, 8 months ago From what i know cpf interest is compounded while ssb is simple one (i forgot the actual term, rate * invested amt). By right compunded interest give better result than simple one for the same rate over time. Source: cpf.gov.sg/…/how-is-my-cpf-interest-computed-and-… -> first paragrah: compounded annually. Using this calc www.investor.gov/…/compound-interest-calculator$1000 with 4% compounded interest gives you $3,243.40 1,000 with simple 4% rate gives you $2,200
From what i know cpf interest is compounded while ssb is simple one (i forgot the actual term, rate * invested amt). By right compunded interest give better result than simple one for the same rate over time.
Source: cpf.gov.sg/…/how-is-my-cpf-interest-computed-and-… -> first paragrah: compounded annually.
Using this calc www.investor.gov/…/compound-interest-calculator$1000 with 4% compounded interest gives you $3,243.40 1,000 with simple 4% rate gives you $2,200
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