Lastest S$ Deposit updates - Part 3

tamago_

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can SIC the source pls ?

someone also mentioned it to me but forgotten where it was from

thanks
【好過買樓收租】美元定存一年期高見2.6厘

video: 港元定存掀加息潮南商一年期衝上2厘 全城最高

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K202020K

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Looks like following the links from the bank's main web page didn't land me with the latest information then!

:s22::D
Operating in stealth mode to gain an advantage over their competitors lah.
Online rates are not in real time. Almost always lag behind the actual scenario in order to gain an edge with their latest move.

Better to call up and verify in order to be precise and certain.
 

tamago_

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this pdf dated 5 apr, already outdated, latest is 2.08% for HKD for 12 months.

HKD peg likely to break in near future, once break, rate will surge.
Actually, just to confirm understanding, if the peg breaks, HKD will depreciate to below 7.85 (8-something), which should relieve the pressure for it to follow US in raising rates. Logical investors are now selling HKD to buy USD to get better USD FD interest rates, and HKMA has to lap up the excess HKD on the market by paying out of its USD reserves.

So, once it breaks the peg, the interest rate can continue to stay low, which is needed for them to keep inflation from getting out of control (inflation there is about 4%+ even with 1%+ overnight in part due to property contributing 10%-12% a year).
 
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K202020K

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Latest at 30/4 2pm: DBS and Nanyang Commercial Bank tied for top spot for 12-month FD
~ but today is only 29.4.2018 yo
 

tamago_

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Latest at 30/4 2pm: DBS and Nanyang Commercial Bank tied for top spot for 12-month FD
~ but today is only 29.4.2018 yo
Oops 29/4 2pm. The timestamp on the article should be only a few hours before.
 

K202020K

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DBS is dam gian png in hk. But in SG is dam yaya papaya yo. Time to transfer my funds to hk banks.
 

xtwis7

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Just sharing, while this is not a fixed deposit.

GE just launched a 5-year plan. 2.7% guaranteed returns and principal held to maturity.
 

faithblitz

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Adding on to the bros who mentioned about the Great270 plan, there's 2 option to which you can choose in receiving the survival benefits.

The First Option -
@ 2.70% of Single Premium (paid-out per annum)

The Second Option - to accumulate the survival benefit yield
@ 2.72% of Single Premium (based on a non-guaranteed interest rate of 3% per annum)
 
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