This afternoon, we went to OCBC bank to do some investment. Initially, we thought of terminating our NZD investment since there is some gain in it but after being explained by the advisor that there is penalty charge for early termination before maturity, we decided to continue to keep it until near to maturity date before deciding if to continue to roll or terminate it.
Since USD exchange rate is rather low today, we decided to invest in this foreign currency. Although there is no interest but we hope to take the chance of the possibility of the rate going up again so that we can sell it and earn the exchange rate gain. Instead of fixed deposit account, we open a USD saving account. It is more convenient and the withdrawal can be done anytime at any branch and it is immediate (no need to wait for 2 working days which will expose to any change in the rate).
Felt so satisfied that I am doing something to make my $$$ grow. Thanks to 小珠 who helped to lookout for opportunities. Else I will still keep my $$$ in saving account which interest is so miserable. :)
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