Lastest S$ Deposit updates - Part 3

[TLCTLC88]

All the interest rate in Bank is going down. Any recommendation on highest FD SGD rate? TIA

Hsbc. 1.4% for 24 months and only up to 49,999.

 

[luckygal]

Looks good

Hsbc. 1.4% for 24 months and only up to 49,999.

 

[Squaredot]

U mean joint name?

For me, Husband one account, Wife one account.

 

[ydnar1]

Also, Endowment has penalty when you prematurally withdraw.


A traditional FD will be better. No penalty but no interest.

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.

 

[luckygal]

But if it’s a one year endowment shd be safe

Also, Endowment has penalty when you prematurally withdraw.


A traditional FD will be better. No penalty but no interest.

 

[luckygal]

But it’s not on their website

Hsbc. 1.4% for 24 months and only up to 49,999.

 

[TLCTLC88]

But it’s not on their website

It is. Or u can call them. I have placed mine last week.

 

[demoforce1]

It is. Or u can call them. I have placed mine last week.

I placed mine too last week, but cant find it now, probably they take it down

 

[macflashpay]

But it’s not on their website

https://www.hsbc.com.sg/rates/singapore-dollar-deposits/
HSBC Premier only

 

[huitay]

Endowus Cash-smart

Anyone put in the endowment plan under Endowus Cash-smart? it offering up to 2% per annum

 

[lzydata]

https://www.hsbc.com.sg/rates/singapore-dollar-deposits/
HSBC Premier only

Looks like for all categories now, not only Premier?

 

[demoforce1]

Looks like for all categories now, not only Premier?

yes, that's correct

 

[merlot6230]

just done my dbs fd at 1.2% for 11mth - were told today is last day.

 

[luckygal]

You senior?

just done my dbs fd at 1.2% for 11mth - were told today is last day.

 

[Gimago19]

https://dollarsandsense.sg/6-investments-singapore-provide-guaranteed-principal-returns/

 

[Squaredot]

just done my dbs fd at 1.2% for 11mth - were told today is last day.

Thanks for heads up.
Revised to 0.05% for 20k and above
Lucky u placed FD yesterday hope many benefitted from your advance warning

 

[Squaredot]

Just realised SSB interest are so low for Sep2020 issue. 1st year 0.24% nia


https://eservices.mas.gov.sg/Statistics/fdanet/StepupInterest.aspx

 

[kranjipioneer]

Thanks for heads up.
Revised to 0.05% for 20k and above
Lucky u placed FD yesterday hope many benefitted from your advance warning

Locked in $49,999 11mths @1.10% yesterday.
Thanks for the alert.

 

[SkyNinja]

OCBC fixed deposit 1.95%, 4 years, at least $5k.

 

[merlot6230]

OCBC fixed deposit 1.95%, 4 years, at least $5k.

Too long period, waiting for rate pick up asap.

2% is my best option