As mention before, what is missed in the table is Maybank pay your FD interest out front. You can choose to deposit it or spend it immediately.
He already said at the start that the interest paid upfront lah. I think it's you who has missed out that juicy bit.
Yes, but in the calculation, he did not add in the potential interest earned for this out front payment.
Also, if I remember correctly, Maybank pay more then 0.1875% in saving account if you are already at age of 55 and above.
Heng I deposited with SBI @2.2% on Saturday which is the last day for this promo, I think rates will be falling in the near future due to the fed rate cut.
Yes, but in the calculation, he did not add in the potential interest earned for this out front payment.
Also, if I remember correctly, Maybank pay more then 0.1875% in saving account if you are already at age of 55 and above.
2.2%? You deposit S$1 Million is it?
Because the amount is peanuts lah.
Earn a little bit here, a little bit there also won't make you rich. Just more tired, running around in circles for a few extra cents.
Oops, should be 2.05%.
High rate with other conditions to be met. Why simple FD needs to be tied down with savings account? Obviously it's not that simple yo. Used already then will know.
Of course Ah Neh bank always give the best no gimmicks deal when they show hand. No other banks can match their offer!
SBI and CIMB are Mr.Canberra's favourite no gimmicks fixed depositers with competitive rates.
I want to support local banks but local banks don't support poor uncles like me leh.
It is about capturing the offer details accurately and completely so that informed decision can be made. Nonetheless, I agreed that the difference is usually insignificant and does not worth the time and effort running around and that's why I stick with MBB and did not want to start a banking relationship with SBI.Because the amount is peanuts lah.
Earn a little bit here, a little bit there also won't make you rich. Just more tired, running around in circles for a few extra cents.
It is about capturing the offer details accurately and completely so that informed decision can be made. Nonetheless, I agreed that the difference is usually insignificant and does not worth the time and effort running around and that's why I stick with MBB and did not want to start a banking relationship with SBI.
yes cimb and sbi - no gimmicks
most banks need $500 in the saving account
but like u said if the quantum is huge, den $500 is fine, if they dun ask for more...
but currently sbi no more promo...
only maybank offers 2% for 24mths for min 50k placement
and its online FD
SBI promo @2.05% is ongoing until 31 July 2019.
SBI is it Singapore Bank of India?
SBI promo @2.05% is ongoing until 31 July 2019.
is anyone following the fintech digital bank scene?
I saw MAS award some digital only banking license
May I ask does anyone have any idea when they will be launching promos?
Because my FD expiring soon and I want to know how long I can lock in?
If not, when these offerings appear in the market, no funds to deposit
I'm assuming because they are online, they have low cost and able to offer better rates