Is it worth it to lock up your funds for extra $200 payout?

[Isibeihaolian]

Let's just say there is a place to lock your funds 6 months and u get extra $200. Is it worth it ?

[jim889]

Let's just say there is a place to lock your funds 6 months and u get extra $200. Is it worth it ?

rock how much to get 200 dollar?
depends on how much.. if not wanting to use it can roh.
rock 1000 can
rock 10000 cannot
 

[Isibeihaolian]

rock how much to get 200 dollar?
depends on how much.. if not wanting to use it can roh.
rock 1000 can
rock 10000 cannot
 

Lockup one yr celery  was considering between tbill and cimb FD.

[jim889]

Lockup one yr celery  was considering between tbill and cimb FD.

wah 1 yr celery ish alot reh for onli 200 nia.
chiu better consult the finance sexperts here.

if chiu nose need to use can consider but 200/12 is $16.60 a mth nia..

any bank normal saving account if chiu have $20,000 in savings.. interest if 1% P/A is this amt wat..

so wat is the point?
 

[Isibeihaolian]

wah 1 yr celery ish alot reh for onli 200 nia.
chiu better consult the finance sexperts here.

if chiu nose need to use can consider but 200/12 is $16.60 a mth nia..

any bank normal saving account if chiu have $20,000 in savings.. interest if 1% P/A is this amt wat..

so wat is the point?
 

Ok thank you Jim kor... You make sense.

[GhostZM]

wah 1 yr celery ish alot reh for onli 200 nia.
chiu better consult the finance sexperts here.

if chiu nose need to use can consider but 200/12 is $16.60 a mth nia..

any bank normal saving account if chiu have $20,000 in savings.. interest if 1% P/A is this amt wat..

so wat is the point?
 

What is the amount of your 1 Yr salary? Is it in 5 figures?


CheerS!!!😉

[default]

your 1 yr salary say 50k also not worth it. if u say 1 mth can consider, 3 mths is rly when u totally dont want any risk and nth else to do

[drdoof]

Worth it if you are confident that you will not be touching the money during the lock in period

[Isibeihaolian]

What is the amount of your 1 Yr salary? Is it in 5 figures?


CheerS!!!😉

Yes Ghost kor, annual salary was 5 figures back in yr 2022. Now do part time job no more such salary liao. Next week losing job also.

[Isibeihaolian]

Worth it if you are confident that you will not be touching the money during the lock in period

After thinking through. I think it's not worth to lock for a mere $200. 

[Isibeihaolian]

your 1 yr salary say 50k also not worth it. if u say 1 mth can consider, 3 mths is rly when u totally dont want any risk and nth else to do

Ya lor. If it's $2k extra maybe I can go ahead. $200 extra not worth it to lock 6 mths.

[GhostZM]

your 1 yr salary say 50k also not worth it. if u say 1 mth can consider, 3 mths is rly when u totally dont want any risk and nth else to do

If u r putting in 5 figures for that add. 200 after 6 months, I think just forget it..unless u can't find something else that generates a better return.


CheerS!!!😉