Tuesday, November 22, 2005

More about deposits

Hi folks,

Guess what, I found something thay may be of interest to you.

Fundsupermart,the online distributor of unit trusts,has come up with a cash management account for all their investment account holders. They are paying an interest of SIBOR- 0.5% this works out to well above 2% .And there is no minimum amount.

I think that it has a rather good advantage over the other products. OCBC has a similar product but it has a minimum deposit of I think 20000 bucks.

Please share any comments, especially if you have experience with this account.

Linus

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