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25-12-2012, 11:48 AM
Of the $2000, set aside $100 for investment books. This leaves a balance of $1900.
Deposit $1900 into your CPF Ordinary account before 31 December. You will get 2.5% interest plus you will qualify for the additional 1% interest (as you are a student, I don't think you have more than 60k in your CPF now).
CPF interest is computed and payable 1st Jan. So within 1 week, you get your interest.
The only catch? You can't really get the money in your hands. But I guess it is better than to deal with the uncertainty of the tables or the betting shop.
Deposit $1900 into your CPF Ordinary account before 31 December. You will get 2.5% interest plus you will qualify for the additional 1% interest (as you are a student, I don't think you have more than 60k in your CPF now).
CPF interest is computed and payable 1st Jan. So within 1 week, you get your interest.
The only catch? You can't really get the money in your hands. But I guess it is better than to deal with the uncertainty of the tables or the betting shop.
You can count on the greed of man for the next recession to happen.