Best places for investing or saving money now?

clone_war85 SG

In this market crisis right now, where stocks and shares are unstable and property flutuating greatly. Where do you think is the best place to park your money right now?

1) CPF

2) Property

3) Stocks, unit trusts

4) Banks Fixed Deposit

5) Insurance

Listed above are 5 main streams of places where Singaporeans park their money to grow and for retirement. Which is the best in your view?

clone_war85 SG

2) Fixed deposit

Rates collated on 6 July 2009 (Source : http://singaporesearchsite.com/singapore-tips/fixed-deposit-interest-rate/)

Period:         1 Yr   Citibank   DBS      HSBC   MayBank      OCBC        RHB        SC           UOB

< S$10k                     -            0.4500    0.4800     0.8750          0.5500        0.7500     0.3500     0.4500

S$10k                        0.4500   0.4500    0.4800      0.8750           0.5500       0.7500     0.3500     0.4500

S$20k                        0.4500   0.4500    0.4800      0.8750           0.5500       0.7500     0.3500      0.4500

S$30k                       0.4500     0.4500   0.4800     0.8750            0.5500       0.7500     0.3500      0.4500

S$40k                       0.4500    0.4500   0.4800     0.8750            0.5500        0.7500    0.3500      0.4500

S$50k                       0.4500     0.4500   0.4800     0.8750           0.5500         0.7500    0.3500      0.4500

TooFree SG

Having a low appetite for risk, I would usually parked a portion of my monthly salary with the bank's savings account. Good for rainy days use.