Rant 946 / A Key To Skip The Cinematics, A Key To Skip The Gameplay And A Key To Skip The Entire Game.

Clearly in Bollywood the laws of physics do not apply.

Burning vehicles lying on their sides that were originally moving the same speed as the white car can somehow slide faster than the car after rolling onto their sides.

A man who is moving at the same speed as the car can somehow move faster than it when he moves upward on a wooden ramp.

Also, why did those cars at 0:49 explode? They didn't have anything to do with the entire chase!

Another question is: how did they suddenly end up on a cliff when they were on a highway in an urban area?

Finally, why is that crane parked at the edge of a cliff with the net full of boxes dangling precariously in mid-air?

Apparently there are people who think that fixed deposits require large sums of money.

That is not true.

For example, fixed deposits at Hong Leong Finance in Singapore only require S$500 for tenures of at least 3 months, ie the minimum sum is S$500 if you put it there for at least that long.

Interest rates for such small amounts only hit 0.7% p.a. when it's for at least 2 years. However, one can make a joint deposit, or whatever it's called, with an elderly person to get an extra 0.125% p.a. provided that person is at least 55 years of age.

The catch is obvious but if it's your own grandparent, that most likely won't pose a problem.

0.825% of S$500 is only S$4.125, or S$8.25 after 2 years but it's still free guaranteed money.

Doesn't beat inflation though.

However there are charges that one should note when placing their savings there. For example, only the first cheque withdrawal is free of charge, and subsequent ones cost S$5 each.

I'm not a big fan of Hong Leong, it's just that I've been using it longer than any other financial institutions for FDs. After all, it's been offering some of the best FD rates here for a number of years now.

But at the moment the best in Singapore AFAIK is still Maybank with the awesomely unbeatable 1.38% p.a. that requires a minimum sum of S$10,000 for a tenure of 2 years.

1.38% comprises of the upfront interest and the interest-upon-interest at maturity. In this case, it's 0.25% and 452% respectively.

Deceivingly complicated mathematics to blow up the numbers to humongous proportions.

I'll translate them to simpler terms.

The basic interest rate is only 0.25% p.a. and this is paid to your savings account (or whatever Maybank account you set up to store the money in the first place) 1 day after you set it up.

452% interest-upon-interest paid upon maturity (ie when the 2 years are up) is just 1.13%, ie that's the bulk of the interest rate. 4.52 * 0.25% = 1.13%

1.13% + 0.25% = 1.38%

0.25% paid now and 1.13% paid at the end.

Since the website says that "no interest will be paid for premature withdrawals made within 3 months of placement date of fixed deposit", I believe it means they will just deduct the upfront interest from the total deposit if you withdraw your money after the upfront interest is deposited into your account.




























MOO FOR ME!