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Continue to put money in banks or..?

Diana
 Diana
(@Diana)
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Local banks have cut their interest rates on savings accounts… is there any other options available for the time being until interest rates are back to normal?

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Topic starter Posted : 09/08/2020 1:31 pm
Jin Li
 Jin Li
(@Jin Li)
Guest

Hmm, to be frank, amidst this pandemic there is really a lot of uncertainties going on right now around the world, so we really don’t know what will happen next. You can cash out I guess? But even if banks are cutting down on interest rates, the compounding interest will still allow you to earn (not much, but better than nth) so I guess it would be advisable to not touch it

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Posted : 10/08/2020 4:20 pm
Jaydon
 Jaydon
(@Jaydon)
Guest

 Can consider shifting some of your funds to investment portfolios if your risk appetitie is relatively high

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Posted : 11/08/2020 7:03 pm

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