More of MoneyOwl in the Media

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Bank time deposits remain popular in Singapore despite a decline in total deposits during the second half of 2024, as interest rates entered a cut cycle. As of October 2024, the total fixed deposits of local residents stood at 424 billion yuan, up 0.87% from the previous month, despite earlier months showing slight decreases. Although...

Daphne Lye, Solutions Lead at MoneyOwl said in an interview that despite the low interest rates, individuals still need to pay attention to their debt levels to ensure that their financial stability is not affected, especially non-mortgage loans with higher interest rates and should pay them off as soon as possible, start with the ones with the highest interest rates first.