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Hence, fixed deposits became the preferred choice for Singaporeans to store their savings as they offer relatively higher interest rates as compared to an average savings account and yet are covered by Singapore's deposit insurance up to a maximum of $100,000 for each bank or finance company. SSBs are completely covered by government guarantee ...
The Central Provident Fund Board (CPFB), commonly known as the CPF Board or simply the Central Provident Fund (CPF), is a compulsory comprehensive savings and pension plan for working Singaporeans and permanent residents primarily to fund their retirement, healthcare, and housing [3] needs in Singapore.
The maximum protection amount of deposit was HK$100,000 in 2006 (when the Hong Kong Deposit Protection Board was set up). From 1 October 2024, the limit is raised to HK$800,000 (or equivalent amount in any other currency).
A fixed deposit (FD) is a tenured deposit account provided by banks or non-bank financial institutions which provides investors a higher rate of interest than a regular savings account, until the given maturity date. It may or may not require the creation of a separate account. The term fixed deposit is most commonly used in India and the ...
Education spending usually makes up about 20 per cent of the annual national budget, [7] which subsidises state education and government-assisted private education for Singaporean citizens and funds the Edusave programme. Non-citizens bear significantly higher costs of educating their children in Singapore government and government-aided schools.
Country or currency union Central bank interest rate (%) Change Effective date of last change Average inflation rate 2017–2021 (%) by WB and IMF [1] [2] as in the List Central bank interest rate
To optimise the use of resources, schools may merge and be relocated. Such merger of schools may sometimes allow for a greater exchange of expertise and policies to provide a higher quality of education, as was the case of the merger of Ang Mo Kio North Primary School, Li Hua Primary School and Hong Dao Primary School.
Special Assistance Plan schools (or SAP schools, Chinese: 特选学校) refers to schools that offers the Special Assistance Plan.The SAP is offered at both primary (elementary) school level as well as secondary (high school) level, in Special Assistance Plan primary schools (Chinese: 特选小学) and Special Assistance Plan high schools (Chinese: 特选中学) respectively.