Lastest S$ Deposit updates - Part 3

[5408854088]

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

looks like it is capped at $20k

https://www.ocbc.com/personal-banking/deposits/fixed-deposit-sgd-interest-rates.page

 

[5408854088]

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

Looks like for all categories now, not only Premier?

yes, that's correct

this looks decent, 1.40%, 24 months, capped at SGD 49,999

 

[5408854088]

https://www.posb.com.sg/personal/rates-online/singapore-dollar-fixed-deposits.page

was it revised? it shows 1.15% for 12mths up to 49999

It’s stated clearly on the webpage that interest rate for 12 mths and above is applicable to only rollover.
So best interest is 11 mths 1.1%. Senior citizens (55 and above) get 1.2%

looks good, but capped at $19,999

 

[5408854088]

UOB and SCB rates are not looking too good also

https://www.uob.com.sg/personal/save/savings/singapore-dollar-time-fixed-deposits-rates.page

https://www.sc.com/sg/help/faqs/sgd-time-deposit-interest-rates/

 

[5408854088]

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

whats the difference between iSAVvy Time Deposit and Singapore Dollar Time Deposit? for Singapore Dollar Time Deposit, they are giving 0.7% to 1.5% for tenure of 12 to 36 months.

 

[tweeety]

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

i tried to do it via internet banking. unable to find the 48 months selection. only have up to 36 months.

any 1 see the 48 months option?

 

[5408854088]

anyone looking at UOB Stash Account as an alternative to fixed deposits?

First S$10,000 - 0.05%
Next S$40,000 - 0.80%
Next S$50,000 - 1%

https://www.uob.com.sg/personal/save/savings/stash.page#benefits

 

[Squaredot]

Too long period, waiting for rate pick up asap.

2% is my best option

Where to get 2%

 

[SkyNinja]

i tried to do it via internet banking. unable to find the 48 months selection. only have up to 36 months.

any 1 see the 48 months option?

48 months need to walk in branch.

 

[dragon_fly]

this looks decent, 1.40%, 24 months, capped at SGD 49,999

Take note it's a ONE TIME placement ALLOWED only even if you deposit less than the cap amount $49,999 for this HSBC 1.4% interest rate.

 

[foxer77]

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


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

yes, any banks FD rate are better than SSB now.

 

[5408854088]

Take note it's a ONE TIME placement ALLOWED only even if you deposit less than the cap amount $49,999 for this HSBC 1.4% interest rate.

what do you mean? not today give them $49,999 then 2 years later they return back plus 1.4% interest?

 

[dragon_fly]

what do you mean? not today give them $49,999 then 2 years later they return back plus 1.4% interest?

Eg- If you deposit 30K today and want to place an additional 2nd placement deposit of 19,999k tomorrow , it won't be allowed. One time placement allowed only

 

[CyberTan]

Actually, it has been many years since Govt is offering a interest not as good as banks. Initial launch, yes but now, it’s better to put FD than SSB if the amount is Lower than 75K

yes, any banks FD rate are better than SSB now.

 

[5408854088]

Eg- If you deposit 30K today and want to place an additional 2nd placement deposit of 19,999k tomorrow , it won't be allowed. One time placement allowed only

oh i get you now. you mean other banks allow different placement? like $30k split into 3 placement of $10k each?

 

[dragon_fly]

oh i get you now. you mean other banks allow different placement? like $30k split into 3 placement of $10k each?

Basically, if you are interested in this current HSBC fix deposit of 1.4% up to the cap of 49,999 , then do it at one go. They don't allow multiple or subsequent placement later after your 1st or initial placement .

 

[sted.]

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

can split $100k into 5 a/c to earn the 1.95% for 4 years ?

 

[5408854088]

Basically, if you are interested in this current HSBC fix deposit of 1.4% up to the cap of 49,999 , then do it at one go. They don't allow multiple or subsequent placement later after your 1st or initial placement .

thanks. just wondering which bank will allow multiple placement of the same interest rate.

 

[dragon_fly]

thanks. just wondering which bank will allow multiple placement of the same interest rate.

Maybank 1.5% for 3 years placement as highlighted by other forummers in the last few pages. No restriction on multiple placements .

 

[LouisSaha]

can split $100k into 5 a/c to earn the 1.95% for 4 years ?

Maybank 2.05% pa 3 years.