Monday, July 03, 2006

Earn 3% and more on your un-fixed deposits

Do you want to earn 3% or more on your un-fixed deposits?

Our Flexi-Cash operates like a deposit in a bank. The current interest rate is about 3%. It will change with the money market. Right now, interest rate is increasing, so the interest rate on your deposit will also move up.

It is an un-fixed deposit becuase you can withdraw it at any time. There is no penalty. You are not locked in for 1 year or longer.

Your money is invested in our Money Market fund, which is invested mainly in the inter bank market (ie lent to other banks) or A rated money market instruments. The cost of investing is only 0.1% (yes, one tenth of 1%), during the promotion period.

Invest in the un-fixed deposit. It pays more, and gives full flexibility for your cash.

Go to www.income.coop and read our FAQ. Or call 6788 1111.
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1 comment:

andreww said...

Hi Mr Tan,
interesting product.

i have been swinging my time deposits among the various banks.

which date does it track?
interbank rate? how big is the spread between the rate and what we are getting?

is the interest subject to personal tax?

tks.
andrew wee
www.insiderwomen.com/woman

July 07, 2006 7:57 AM

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