ocbc fixed deposit rate for senior citizen

Such investments can also act as a springboard to start investing in riskier investments.Īs mentioned, in the heightened interest rate environment today, you can find relatively decent returns on your investments as well. This can be a good way for those who are extremely risk-averse or unsure about investing to get started.

Theoretically, there’s no such investment as there will always be some form of risk that we take on when making an investment.īelow, we look at six types of investments that you can put your money into which 1) guarantee your principal and 2) provide a guaranteed return on investment as well. The risk-free return refers to a rate of return that you can expect to achieve even if you don’t take on any risk. One other thing to understand is that when you enjoy such safety in your investments and visibility in your investment returns, you need to be prepared to accept a relatively lower rate of return that is closer to the risk-free rate. Note that if a company is not on the list, it doesn’t mean that it is not a scam. You can refer to the MAS Investor Alert List, which provides a list of unregulated persons or companies as a first layer of check. investments that sound too good to be true. However, there aren’t many investments that provide guaranteed principal and returns in Singapore.įor certain investments that claim to pay guaranteed returns, you need to weed out the potential scams – i.e.

The financial markets are extremely volatile, and rising interest rates have increased the returns on even the safest investments. It’s not surprising that more people are leaning towards investments that are safer today.

Ocbc fixed deposit rate for senior citizen