On and off, banks will offer special fixed/term deposit interest rates and other goodies.
The main questions to ask the bank officer serving you are:
- will the interest rates hold steady throughout the term of the deposit (eg 12 mths or 24 mths etc)?
- where does it say in the T&Cs that it will hold steady, assuming the answer to the first question from the bank officer is ''yes''.
- if there is a banking crisis or a run on the bank, how much of the deposit sum (how many %) is guaranteed?
- is the deposit linked to any unit trust or other investments that come with risk elements?
- what is the bank officer's name and verify with his/her name tag.
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Sunday, May 23, 2010
Wednesday, May 19, 2010
Thursday, May 6, 2010
Bailout for Greece
The EU and IMF are assisting Greece with a bailout of its debts.
Greece is facing a tough economic situation and both Germany and France are expected to lead the way in the bailout.
Greece is facing a tough economic situation and both Germany and France are expected to lead the way in the bailout.
Saturday, April 10, 2010
Prices of COE
The prices of COE for new cars are at an all time high. Cost of living is again high.
Have a read here.
Have a read here.
Friday, March 26, 2010
Economic Recovery
The economy seems like it is heating up again. What with much higher COE prices, housing prices, rental prices (retail and residential), it looks like the economy is heading north again.
Good news for jobs, but may not be that good a news for business owners who are functioning in areas where the demand for their goods/services has not increased in line with the increase in business costs (rental, utilities etc).
Good news for jobs, but may not be that good a news for business owners who are functioning in areas where the demand for their goods/services has not increased in line with the increase in business costs (rental, utilities etc).
Saturday, March 6, 2010
Bank Sales Job
This is a challenging (alot of stress) position that when done well, reap rewards that are more than what other jobs could offer.
Sunday, January 24, 2010
Bank Relationship Manager (RM)
Whether or not you are looking for a job as a Bank RM, or are already in it, you will know that it is a very challenging role which requires the person to be smart, resourceful, eloquent, articulate, likeable, knowledgeable and determined.
It is a rewarding role if one can break through the obstacles infront of him/her.
There are banks in almost every part of the world, so if one does it well enough, money will be more than enough as banks are in the business of money in the first place.
It is a rewarding role if one can break through the obstacles infront of him/her.
There are banks in almost every part of the world, so if one does it well enough, money will be more than enough as banks are in the business of money in the first place.
Wednesday, January 6, 2010
Bank Sales Staff - Job Hop
There are a number of bank sales managers who move onto other banks, supposedly ''greener pastures''.
Well, some do move onto better grounds, but others just get into deeper waters that could sink them.
Well, some do move onto better grounds, but others just get into deeper waters that could sink them.
Monday, December 28, 2009
Bank Sales Manager
To be successful here, one has to play politics just like anywhere else. Some thought that working in a sales environment would be more objective, but definitely not so.
Even a person with poor sales nos and bad attendance and frequently comes in late for work, can survive working in a sales environment so long as the person knows how to play the game with the bosses.
These bosses are also real lousy bosses who do not know how to treasure the real workers.
Even a person with poor sales nos and bad attendance and frequently comes in late for work, can survive working in a sales environment so long as the person knows how to play the game with the bosses.
These bosses are also real lousy bosses who do not know how to treasure the real workers.
Thursday, December 3, 2009
Bank Job - The Brighter Side
Well, besides all the doom and gloom, there is also a slightly better side. There are perks for high performing individuals but they are in the minority.
Some good and cunning salespeople can make up to $10,000 a month. But they have to play their game very well and know how to 'pretend' alot.
And of course, work real hard too.
Some good and cunning salespeople can make up to $10,000 a month. But they have to play their game very well and know how to 'pretend' alot.
And of course, work real hard too.
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