Don't expect interest rates to rise: Experts

(taken from Straits Times 23rd November 2009)

SAVINGS accounts have seen miserly interest rates of below 1 per cent per annum since 2001 - and people hoping for better yields ahead will be disappointed.

The rates are unlikely to rise - at least in the next six months, experts say.

Monthly average savings rates have been on a downward trend from January to last month. This means the annual average rate for this year is likely to dip below last year's already paltry 0.22 per cent.

Rubbing salt into savers' wounds - inflation is likely to rise next year.

Who is Steven

Who is Steven

Hi Guys! I am a super-charged individual living in Sunny-island Singapore. I am a Realtor with ERA Network Pte Ltd by profession. Besides working hard, I LOVE to play hard too! I Love travelling and would go all out to find out and discover the wonders and cultures of different countries in the World!

Experience the Steven Teo Difference

Other than having fun (most of the time), I help expatriates find their dream home in this sunny island, where I call Home. Be it you are here for long term stay or migrating to Singapore. You will definitely find my services very useful to you. If you do engage my Services, I will be with you every step of the way. My role is to help you stay focused on your objectives and dreams. 

1. Organize and Simplify My first priority is to provide clarity to you in terms of the real estate market in Singapore, be it for own stay or for investment. 

2. Listen and understand your needs

This is the reason why certain solutions are recommended. 

3. Ethical & Honest
As a licensed CEA Estate Agent in Singapore and under the wings of one of the World's largest real estate companies, ERA Network Pte Ltd, I handle all my cases with diligence and due care as it may spell disaster if I do not, especially in Singapore where tight controls are in place to monitor the real estate market.

4. Educate
My passion in Customer Service has led me to put education first before recommending solutions. When a client is empowered with the knowledge to make the right decision, he knows that he has given him/her something valuable.

5. Holistic lifestyle & guidance Steven is passionate about health and a balanced lifestyle. He is also a walking "directory" to his clients. He believes that there is more to life than just money. Our ultimate goal is to “Retire Rich” - rich in every sense: spiritually, emotionally, physically and financially.

Work aside, take some time to explore my travel blog designed specially for like-minded people - those who love to travel! I can just pop out any subject related to Travel, so keep yourself up-to-date by subscrbing to my posts.