My Retirement Plan At 35

[KopiKat]

i have come across internet banking for placing AUD Fixed deposit with AUS BANKS from Singapore. But i am unsured how it works.
60-month period is never attractive to me. Any thing that is more than a year is not suitable to me. Besides FOREX and AUS tax are quite high, i think.

If you're looking at <1yr, then the NAB rate looks similar to the ones offered by MayBank iSavvy. Also, not sure if there'll be with-holding taxes (for interest earned) if you open directly with NAB (not S'pore ones).

I used to put some $$ in A$ ACU but have stopped when interest rates dropped (used to be >10% a long time ago) and S$ kept strengthening. The only time I was thankful I had some $$ in A$ was when stock market collapsed...

Sadly the denomination are in 250k, thus this is why the rich get richer in this country. Crappy but true.

Some years back, I was very envious of a friend of mine who was getting 10% to 12% for some investments that were only available via Private Bankers. I was seriously contemplating whether to put together $250k and beg this friend to ask the Private Banker to allow me to invest in this good 'lobang'. Fortunately, I didn't do that as that 'lobang' was for CDOs....