The Lowdown on Low Rates
An amendment to my previous post (thanks Sharon!) – just found out that DBS/POSB slashed their interest rates to a pathetic 0.05% for their regular savings accounts, and 0.2%-0.25% p.a for a MySavings account. To give you an idea about how painful that is, consider that $1,000 saved at a 0.05% interest rate, compounded monthly […]