If you ask me, I would say there's a very high probability of market price fixing on the local scene. In the past, banks were caught fixing the exchange rates of regional currency, sorry I forget the exact details but you can find out more online.
Maybank 1.65Bangkok bank still highest so far at 1.6%, but it is close on weekends, no time to open account.
Next is sbi ahneh favourite bank at 1.55%
Next next is bank china at 1.5%
Pittance when we have ssb and sgs, what are our banks doing sian..
All the excitement is with Singapore Savings Bonds now, but my Fixed Deposits Database is still updated. Please check out chuanz's interface:
https://sgfd.neocities.org/
Best rate for $25k 6 months: CIMB 1.35% pa
Best rate for $25k 12 months: ICBC (online) 1.47%
Compare SSB June 2018 1st year: 1.68% pa*
* if you only hold it for 3 or 6 or 9 months you still get the first year's rate. But after minusing $2 application and redemption fees it may not be worth it.
Best rate for $25k 24 months: Sing Investments & Finance 1.50% pa
Compare SSB June 2018 if held for 2 years: 1.91% pa
I can think of one reason to go for FDs - SSBs are getting heavily oversubscribed and you probably cannot buy as much as $25k.
Min $50k, saving account $10k.'is it the put 1k in savings account and can put $10k in FD' thingy?
effectively the IR is less than that already...
Why they like to complicate things? Too free is it?
They have the normal one too. 1.2%pa.
No worries. Better rates are coming. The world is moving from an ultra low interest rate to a high interest rate environment. Got to be patient lah.
Bangkok bank still highest so far at 1.6%, but it is close on weekends, no time to open account.
Next is sbi ahneh favourite bank at 1.55%
Next next is bank china at 1.5%
Pittance when we have ssb and sgs, what are our banks doing sian..
Ya still on.
Maybank 1.65% min $50k, saving $5k.
