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In January, I shared in my blog about POSB's Chinese New Year fixed deposit special.
The offer was:
Get 1.88% per annum for a 12 months fixed deposit from a minimum sum of $1,000 to a maximum sum of $1,000,000.
I tried taking part in it and because I am such a dinosaur with IT stuff, I wasn't sure if my application went through.
In fact, when a reader asked me about this during the second "Evening with AK and friends" last week, I was not able to give a clear answer.
Anyway, I checked earlier and I found that my account has been credited with $88. Apparently, I was one of the first 10,000 customers! My application was successful!
We need little happy surprises like this from time to time in life.
For POSB customers who deposited only $1,000 and received the $88 ang bao, they are actually getting an interest rate of 10.68% per annum!
In fact, it is more than that since the $88 ang bao is given now and not at the end of the 12 months period!
Thank you, POSB, for the generous ang bao.
I'm smiling. :)
Where to put your emergency funds? Fixed deposits aren't too bad. See related post number 1 below.
Related posts:
1. A special chest for emergency fund.
2. Should I put money in a foreign currency FD?
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