Interview on 财经追击 Money Week
Step-Up Deposits as an Alternative to Singapore Savings Bonds
The episode starts off with reasons on why deposit rates are rising. One of the reasons include the impending issue of Singapore Savings Bonds by the government in second half of 2015. The various reasons lead to banks offering promotions and alternative products to compete for deposits. Our representative explains how an alternative product such as Step-Up Deposits work and how they have been in the market for some time. He goes on to elaborate how they have been gaining popularity recently due to its similarity with SSBs. His segment finally finishes off with a comparison of the returns between the traditional Fixed Term Deposit, Singapore Savings Bonds and Step-Up Deposits.
Other Details about the Episode
The rest of the episode explains how Singapore Savings Bonds work and factors to consider when deciding between Fixed Term Deposit and Singapore Savings Bonds. There is also a special feature on Singapore Chinese Chamber of Commerce and Industry (SCCCI) for its contribution to years of nation-building and the entrepreneurial spirit of prominent Chinese business leaders with SCCCI.