Lastest S$ Deposit updates - Part 3

[TLCTLC88]

Can i open multiple fixed deposit with the same bank. E.g 50k, 30k, 20k instead of 100k. So in the event of emergency, i can choose to withdraw 1 account and the other 2 is still running. TIA

Yes u can.

 

[ahchan]

Can i open multiple fixed deposit with the same bank. E.g 50k, 30k, 20k instead of 100k. So in the event of emergency, i can choose to withdraw 1 account and the other 2 is still running. TIA

If you are talking about Maybank, then it is better to put in multiple of $25k, as the minimum to enjoy the rate is 25k...

 

[vsvs24]

If you are talking about Maybank, then it is better to put in multiple of $25k, as the minimum to enjoy the rate is 25k...

Maybank has 2 types of FD for 3 years at 2.05%. The one with upfront interest has min 25k. The one without upfront interest is min 1k.

 

[Honda_typeR]

ok great thanks all for the advice.

 

[Gimago19]

Please take note, the Islamic FD needs to open at the bank. You also will need to open a saving account to credit in the upfront interest which you can cash out and maintain the minimum, for me is $500 for iSAVvy account. I just did mine yesterday.

 

[a4973]

Please take note, the Islamic FD needs to open at the bank. You also will need to open a saving account to credit in the upfront interest which you can cash out and maintain the minimum, for me is $500 for iSAVvy account. I just did mine yesterday.

Did you mean that you cash out the upfront profit that is paid after 1 working day and just leave $500 as the minimum balance in Isavvy account to avoid fall below fee? Btw it's 2.05% x 3 right for 3 years profit? Thanks

 

[Alex.hero]

Is the maybank promotion still available??

 

[Gimago19]

Yes Maybank promotion still on. For the Islamic FD, yes, you can cash out the interest and just leave $500 in the saving account to waive the admin fee.

 

[pchltws]

Yes Maybank promotion still on. For the Islamic FD, yes, you can cash out the interest and just leave $500 in the saving account to waive the admin fee.

Can like that one huh, got so good meh?
Any hidden clause to take note?
So must be a Muslim, then can open this account?

 

[caniggia]

Can like that one huh, got so good meh?
Any hidden clause to take note?
So must be a Muslim, then can open this account?

Its a shariah compliant term deposit. Nothing to do with race. Sooner or later the interest has to be paid out anyway. They entice you by giving you before maturity.

 

[lzydata]

Bad news. Maybank's 3-year 2.05% pa term deposit is no more

Currently, for iSAVvy Time Deposit of $25k to $1m:

12 months 0.8500 % p.a.
24 months 1.2000 % p.a.
36 months 1.5000 % p.a.

https://sslsecure.maybank.com.sg/cgi-bin/mbs/JSPscripts/mbb_rates/deposit_rate.jsp

 

[Mr.Canberra]

Bad news. Maybank's 3-year 2.05% pa term deposit is no more

Currently, for iSAVvy Time Deposit of $25k to $1m:

12 months 0.8500 % p.a.
24 months 1.2000 % p.a.
36 months 1.5000 % p.a.

https://sslsecure.maybank.com.sg/cgi-bin/mbs/JSPscripts/mbb_rates/deposit_rate.jsp

Heng ah the party was good while it lasted!

 

[heng_ah]

Bad news. Maybank's 3-year 2.05% pa term deposit is no more

Currently, for iSAVvy Time Deposit of $25k to $1m:

12 months 0.8500 % p.a.
24 months 1.2000 % p.a.
36 months 1.5000 % p.a.

https://sslsecure.maybank.com.sg/cgi-bin/mbs/JSPscripts/mbb_rates/deposit_rate.jsp

Wah, heng... I managed to open the last batch of Islamic Time Deposit 36 months 2.0500 % p.a. with upfront interest.
Went to the branch last Saturday.

 

[caniggia]

Expected. Fast hand leg did that 2 weeks ago.

 

[Ahboy069]

Yeah expect that dod 50k 2 weeks bavk

 

[Gimago19]

Great Eastern Life has launched a 1 year endowment plan with guaranteed yield of 1.05%pa.

To apply, go to http://sg.gelife.co/GSP1155088

 

[Squaredot]

Great Eastern Life has launched a 1 year endowment plan with guaranteed yield of 1.05%pa.

To apply, go to http://sg.gelife.co/GSP1155088

1 year endowment? Cheap funds for GE
GE giving out any vouchers to boost our return anot?

 

[vsvs24]

1 year endowment? Cheap funds for GE
GE giving out any vouchers to boost our return anot?

GE issued 2 yr at 1.8% in June which I bought quickly on the day CIMB announced cut in rates.

This 1 year product is more for preventing outflow because they have the 3 year GE205 which mature in Sep. They probably have others maturing this year. It is obvious because I receive email that they allow you to place this from proceeds of policies maturing upto 31 Dec.

Extract of email :
If you have policies maturing soon#, you may use your maturity proceeds to directly fund the premium of your GREAT SP Series 2 policy through an online application.

We will need the details of the maturing policies you wish to reinvest. You can get the details from your policy documents or through eConnect.

#To be eligible, your policies should be maturing after 14 calendar days of the submission and before or on 31 December 2020.

 

[Squaredot]

GE issued 2 yr at 1.8% in June which I bought quickly on the day CIMB announced cut in rates.

This 1 year product is more for preventing outflow because they have the 3 year GE205 which mature in Sep. They probably have others maturing this year. It is obvious because I receive email that they allow you to place this from proceeds of policies maturing upto 31 Dec.

Extract of email :
If you have policies maturing soon#, you may use your maturity proceeds to directly fund the premium of your GREAT SP Series 2 policy through an online application.

We will need the details of the maturing policies you wish to reinvest. You can get the details from your policy documents or through eConnect.

#To be eligible, your policies should be maturing after 14 calendar days of the submission and before or on 31 December 2020.

1.05% pa attractive to retent u?

 

[tiertime]

1.05% pa attractive to retent u?

why bank want promote 1.05% , who on earth will put FD 1 year for this amount , may i suggest to banks if its anything less than 1.5% dun bother to promote... waste everyone's time