Lastest S$ Deposit updates - Part 3

yongsaver

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the following banking groups are Domestic SIB:

DBS Bank;
Oversea-Chinese Banking Corporation;
United Overseas Bank;
Citibank;
Malayan Banking Berhad;
Standard Chartered Bank; and
HSBC

potential to destabilise the SG economy if they disappear.

There is another list of 30 banks which are classified as GLOBAL SIB

potential to destabilise the world economy if they disappear. :D

http://www.fsb.org/wp-content/uploads/P211117-1.pdf

they are subject to more capital requirements.
 

tmkedmw

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Most of the well known banks are SIB. What difference does it make?

They are better capitalised and have local incorporation. Of the foreign banks that are DSIB, Maybank was the last to have local incorporation
 

saintgtril

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Hi all,

I opened a CIMB FD account with FASTSAVER-i. I realise there is interest earned for FASTSAVER-i? :s11:

One question, what is the interest one will earn? And what is its minimum account to maintain in order not to incur any fall below penalty?
 

yongsaver

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simply put...well capitalized = stronger = can absorb shocks or losses better = harder to fail = safer to put your FD with them. :D

DSIB and GSIB are required by law to hold greater capital buffer compared to other banks.
 

Axelwolf

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Mayban k got 1.9% promo

only 1 month december nia for 1.90
must fresh funds 200K above

unquote from maybank :-
during the Promotion Period, you will enjoy the higher bonus rate on your incremental balance for that month.

so if you have balance from november 200k , that will not be counted

typical maybank nowadays
 

vsvs24

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only 1 month december nia for 1.90
must fresh funds 200K above

unquote from maybank :-
during the Promotion Period, you will enjoy the higher bonus rate on your incremental balance for that month.

so if you have balance from november 200k , that will not be counted

typical maybank nowadays

Please don't mislead.
http://info.maybank2u.com.sg/promotion/deposits-banking/fresh-funds-top-up.aspx

Reference month is June 2018 for Jul to Dec promo. For Oct to Dec, bonus for all incremental above 20k. No longer tiered.
 

lzydata

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havetheveryfun

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Can laugh first, the crying time can come later .... 哈哈!

is laugh because dont understand why will have limited options when interest rates go south just because it is incremental funds, just FAST the money out and park somewhere else only
 

RangerSnake

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is laugh because dont understand why will have limited options when interest rates go south just because it is incremental funds, just FAST the money out and park somewhere else only

Ya, nowadays online FAST transfer is very convenient. And I also don't understand why limited options. It's not like the money are restricted there like FD. Hmm....
 
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