Ok
This kind of fixed D is zero risk right?
Tks
This kind of fixed D is zero risk right?
Tks
Bank of China 6 + 6 months?
$80k-$149k @ 1.93 pa.
Bank of China 6 + 6 months?
$80k-$149k @ 1.93 pa.
Consider SBI (State bank of india) gives 1.95% p.a
ICBC gives 1.98% p.a (only online )
Try liao say maybank td offer 2.05.
So if 100k meaning the safer direction is 100k put 2 person so 50k each right? So worst scenario sdic will cover right?
Tia
Want to ask fellow edmw...why need to be so concerned about SDIC 50k limit?
Has there ever been cases when SDIC had to step in because bank collapse, exclude great recession in 2008+?
If park money in FD above 50k with reputable or government-backed/state banks with good rated assets, whats the risk and what's MAS guideline in terms of getting our money back for foreign banks if they fail?
If risk is low, why be so concerned about 50k SDIC limit?
but never say never though.. lehman brothers was also thought to be too big to fail back then..
always dun hv to worry until something happens, ultimately own decision and blame no one else when such things happen
Well technically the overall interest earned with the 2.05% promotion will be less because Maybank requires that you place at least 10% of the FD amount in a savings account that earns 0.1875% pa (up to $50k). For the interest return I would say the 2.00% pa promotion is better.
https://info.maybank2u.com.sg/promotion/deposits-banking/isavvy-td.aspx
then like that the current OCBC $110 NTUC voucher for every $10,000 FD (mut hold for 6mths) is better mah.... abt 2.25% pa
wah interest rates keep going up, and the best deal is barely 2.25%
Can share the URL?
Can see this promo on ocbc website but when I click for more details, it keeps going back to same page.
Go down to the branch n ask, you need to sign a form there no matter u open a new account or use existing account. It is ending by this month.
hi guys for those who got like 500K cash and afraid of bank run so you guys spread to more than 10 banks for the 50K SDIC protection ?
Can share the URL?
Can see this promo on ocbc website but when I click for more details, it keeps going back to same page.
Go down to the branch n ask, you need to sign a form there no matter u open a new account or use existing account. It is ending by this month.
Hi both,
The Terms & Conditions for the promotion can be found here: https://www.ocbc.com/personal-banki...assets/pdf/passbook-statement-cny-tnc2019.pdf
Do note that the promotion will end on 31 January 2019. If you are interested, do visit our branches as soon as possible.
If you have further questions, do drop us a private message. We will be here till 8pm.
Otherwise, you could also call our hotline at 1800 363 3333.
^DG
hi,
ending 31 Jan or 28 Feb?
extract from your T&C:
The Promotion commences on 2 January 2019 and ends on 28 February 2019 or such date(s) as may be determined
and notified by OCBC Bank in its sole discretion (“Promotion Period”).
Also, i experienced this nightmare of OCBC sending the vouchers via registered mail using SingPost, It took me almost 3 weeks to retrieve the lost mail. possible to consider Qexpress or a letter to redeem it at NTUC etc..?
As the Hokkien saying goes, "If you sway, rear bird also can fly away."
AAA rating government bonds I also don't trust 100%. We just have to diversify our risks into different currencies to hedge and protect purchasing power.
Too big to fail is a scam.
hi guys for those who got like 500K cash and afraid of bank run so you guys spread to more than 10 banks for the 50K SDIC protection ?