This is a follow-up to MMF rtn vs Bank deposit rates which I post on a monthly basis.
Remarks: $1,000 parked in MMF would have yielded $7.58 more than savings rates YTD since 1st Jan2008. I am comparing MMF to savings because of their withdrawal flexibility.
Other figures as shown above. Fixed Deposit, on the other hand, is not as flexible when it comes to withdrawal.
Fixed Deposit rates reference: MAS
MMF annualized returns as of 29Aug2008 since 1Jan2008: 1.401% p.a
Feel free to contact waynekohwg@gmail.com / 8288.9005 (mobile) for details and clarifications.
Remarks: $1,000 parked in MMF would have yielded $7.58 more than savings rates YTD since 1st Jan2008. I am comparing MMF to savings because of their withdrawal flexibility.Other figures as shown above. Fixed Deposit, on the other hand, is not as flexible when it comes to withdrawal.
Fixed Deposit rates reference: MAS
MMF annualized returns as of 29Aug2008 since 1Jan2008: 1.401% p.a
Feel free to contact waynekohwg@gmail.com / 8288.9005 (mobile) for details and clarifications.
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