Tag: Covid economy

Retirees Unhappy With Declining FD Rates during Covid. What to do?

One thing that Covid has impacted severely is the global economy and interest rates. In Singapore, our fixed deposit rates are closely linked to the interest rates in the United States. We can expect the interest rates to hover just slightly above zero percent for the short and medium term. For seniors depending on fixed deposit interest to make ends meet, this is bad news. Without taking in more risk, what should seniors do?

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