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have u check your interests from your bank account?
- Thread starter leetahbar
- Start date
PATHETIC!!
the amount of the interests paid is really sickening!!
it's not worth keeping your money now with the bank, especially POSB or DBS.
"Interest" is a non countable noun. you do not add an "s" to make it plural.
POSB which is now usurped by DBS is very parasitic. it charges $2 for those who still upkeep a current POSB account even though u might have more than the minimum amount set for any other current account. on top of that, each cheque costs 20c to issue or $10 for a booklet of 50pcs. don't ever tear or throw away a POSB cheque. just endorse (and endorse if wrong again) over the mistake.
i wonder whether POSB or DBS charges account which doesn't maintain a minimum amount? heard last time was about $500 or was it $200? any amount lesser than that would have an automatic deduction of $2 - i think - deducted from your saving.
A Savings account is a joke nowadays - actually for some time already. We only need a current account for transactions; even fixed deposit accounts are crappy considering you need to lock up your cash for a long time. With stupidly low interest rates in Savings, where is the incentive to save? So people just spend, and not spend what they save, but spend what they can borrow. Gone are the days when POSB gave us a 4% interest on our accounts.
What the world has embraced is Consumer Driven Liberalism. Sounds good, but its one of the driving factors that's screwed up the capitalist societies. We need to reinstate some good old fashioned values - savings.
Cheers!
What the world has embraced is Consumer Driven Liberalism. Sounds good, but its one of the driving factors that's screwed up the capitalist societies. We need to reinstate some good old fashioned values - savings.
Cheers!
really cannot understand how could the gov allow the way that the banks are now being run. it seem that honest folks who once have faith and put their savings with the bank are not fairly treated. banks under present situation doesn't seem to be serving but appear more to be leeching on common simple folks to feed to powderful entities which are ruining the economy.
am i being drastic or fair to say that?
am i being drastic or fair to say that?
mayb iz bcoz u dun haf a lot of moni in ur a/c ...PATHETIC!!
the amount of the interests paid is really sickening!!
it's not worth keeping your money now with the bank, especially POSB or DBS.
:p
many poor elderlies may not know how to check or complain when banks such as posb or dbs starts auto deducting from their already meagre saving.
just wanna confirm if those banks are still doing such terrible things to poor people with very little saving.
if such insiduous thing is happening in our country , it's about time the gov check, censor and completely restrict banks from such unfair and unethical practice. to be poor is already miserable. the least a society can do away is the banks robbing from the poor :(
just wanna confirm if those banks are still doing such terrible things to poor people with very little saving.
if such insiduous thing is happening in our country , it's about time the gov check, censor and completely restrict banks from such unfair and unethical practice. to be poor is already miserable. the least a society can do away is the banks robbing from the poor :(
nothing is guaranteed. not even our cpf. if there were to be change a of power, the figures we know in our cpf accounts could be just imaginary.
Your observation is true, statement is more than fair. The gap between the haves and haves nots, or have less - nobody cares. Like the last US prez said, it is now between the haves and have more.
Ideally (in bold), the governments' job is to govern and regulate, and let the free-enterprise compete. That is the way free-entreprise should work. Well, sometime in the eighties and nineties, the governments and big-corps sat down togehter and decided to fuck the people together. Governments make laws that protect big-businesses, and get seats in their boards for themselves or their kin. The Philippines had the idea right from the start - they call it Cronyism.
Someday, when things get bad enough, workers of the world will unite. But I fear it will be futile.
Cheers!
Ideally (in bold), the governments' job is to govern and regulate, and let the free-enterprise compete. That is the way free-entreprise should work. Well, sometime in the eighties and nineties, the governments and big-corps sat down togehter and decided to fuck the people together. Governments make laws that protect big-businesses, and get seats in their boards for themselves or their kin. The Philippines had the idea right from the start - they call it Cronyism.
Someday, when things get bad enough, workers of the world will unite. But I fear it will be futile.
Cheers!
a very spiritual pal told me that singapore should go for the socio-communistic way. that is, the rich to spread their wealth to the poor. in such a way, the society would be more balanced. if the richer continues to be greedy and gets richer at the expenses of the poor getting poorer, the would could to a state of inequilibrium and unrest in the society could be initiated as we could see what's happening in other parts of the world now.
it's constructive that gov is comtemplating lowering their obscene pays but such action could be just wayang or hypocritical. it has been many many years that we experience contradictive actions from the gov. one hand they like very generous reduce prices; over another hand they raise many times another vital livelihood issues. then what's the point? only to convince that our gov is best in opera wayang....and singapore is just a very efficient opera wayanging hub.
very kek sim, u know :(
it's constructive that gov is comtemplating lowering their obscene pays but such action could be just wayang or hypocritical. it has been many many years that we experience contradictive actions from the gov. one hand they like very generous reduce prices; over another hand they raise many times another vital livelihood issues. then what's the point? only to convince that our gov is best in opera wayang....and singapore is just a very efficient opera wayanging hub.
very kek sim, u know :(
don't bluff lah. fixed deposits also can't get 1% p.a.
i got more interest fr my shares dividends.
hi there
1. no eye see!
2. the humble posb was no longer some people's bank a long time ago.
3. it lost its modest direction.
Before I dont even know why Posbank deduct $2 every month. Until I ask them I keep more than min amount required. They said is current account service charge.
After DBS(Damn Bloody Stupid) take over all free service gone.
Before POSbank current account is free so do they cheaque.
my perception is that rich people are happiest when screwing those they think are beneath them
that's how they get happy and then go pray to god
that's how they get happy and then go pray to god
In the good old days of early-mid 1990s, a 1-year fixed deposit yields 5% to 6% upon maturity.
If you want to blame, blame Alan Greenspan for cutting global interest rates during the late 1990s (dot com bubble) and all through last decade in the 2000s, which was then continued by Bernanke.
The banks figured out that they could earn more money from consumer debt (credit cards) and housing loans. Your money parked in a savings account isn't that a priority for their business.
Nowadays, you'll have to buy shares to obtain 5% and above dividends. Forget those structured products those RMs keep pushing onto you, do your homework, do your calculations an invest wisely.
so embarrass to reveal this. the rich actually borrows much from the bank. ludicrously, these are the bank treasured members. they pay their purchases with credit cards and loan facilities. on the other hand, the poor pays by cash and yet they are the parasitised members.
when a bank goes kaput, it would be fair not to feel sorry for them cos it's the rich (and greedy) who cause their downfall.
a pal just called to thank me after reading my thread. he didn't realise that he was deducted $4 monthly - $2 for cheque services and $2 for not maintaining minimal $500.
he would be terminating his POSB account tomorrow. his interest accrue for 2011 about 88c! LOL!!
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