Interview on 财经追击 Money Week
Money Lobang's representative 孙鼎盛 was invited to be interviewed on his opinions on deposit interest rates in Singapore on Channel U's 财经追击 Money Week 2014 Episode 1.
Deposit Account Interest Rates
In the interview, he talks about the basic savings deposit account interest rates. He explains why there is a difference in the interest rates among local and foreign banks operating in Singapore. He goes on to give an example of other Current or Savings Deposit accounts which entitles a depositor with potentially higher interest rates than Fixed Term Deposit but with various conditions attached. The same segment also explore reasons on why interest rates are increasing and when was the last time fixed deposit interest rates are at around 1.00%.
Other Details about the Episode
The rest of the episode gives advice on how to save on personal income taxes and highlights on various companies stock prices and update on their businesses.