Lastest S$ Deposit updates - Part 3

[yuppieboy]

https://www.cpf.gov.sg/members/FAQ/...avings from 55&folderid=12854&ajfaqid=2189257

If you opt for BRS, can’t withdraw interest and TOP up

You can only opt for BRS in your retirement account if you pledged your property. After you have pledged, you will receive half of FRS in cash within a week. Any other balances left in your ordinary and special acc can also be withdrawn anytime via paynow. Withdrawals are done from the acc earning the highest interests rates, i.e. from SA acc before the OA.

 

[Ahboy069]

You can only opt for BRS in your retirement account if you pledged your property. After you have pledged, you will receive half of FRS in cash within a week. Any other balances left in your ordinary and special acc can also be withdrawn anytime via paynow. Withdrawals are done from the acc earning the highest interests rates, i.e. from SA acc before the OA.

But property must last u to 95 right?
Realise mine is 93 then how ?

 

[5408854088]

The interest rates shown below for tenor(s) of 12 months’ and above will apply only to rollover of existing Singapore Dollar Time / Fixed Deposit placements at the same tenor(s).

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

what does this mean? if now put for 10 months, what will happen to the FD rate upon maturity?

 

[SkyNinja]

what does this mean? if now put for 10 months, what will happen to the FD rate upon maturity?

10 months later, you allowed to renew at the latest rate for another 10 months.

 

[5408854088]

10 months later, you allowed to renew at the latest rate for another 10 months.

in the same example, the renewal duration offered would be 10 months only right? cannot renew for another 12 months?

 

[Squaredot]

in the same example, the renewal duration offered would be 10 months only right? cannot renew for another 12 months?

No, renewal duration will be same as the original duration.

 

[5408854088]

10 months later, you allowed to renew at the latest rate for another 10 months.

No, renewal duration will be same as the original duration.

thank you both

 

[snowieee]

Can meh? I doubt OCBC will allow you to game that way. 1.95% for 4 years is not attractive at all.

absolutely right..
4 years way too long

 

[MrCoconut]

https://thefinance.sg/2020/09/04/check-out-5-impressive-benefits-of-gigantiq-by-etiqa/

Anyone got this?

Sent from robertson quay using GAGT

 

[oceanicmanta]

https://thefinance.sg/2020/09/04/check-out-5-impressive-benefits-of-gigantiq-by-etiqa/

Anyone got this?

Sent from robertson quay using GAGT

quote from article ...

"Gigantiq VS Elastiq

Both are universal life plans.

The greatest difference is the guaranteed interest rate."

 

[monoblue]

MONOBLUE AND
Ztye=rdrr

 

[kranjipioneer]

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

HLF 0.90% pa for 13mths

https://www.hlf.com.sg/personal/promotions/fixed-deposits-interest-rates-promotion-singapore.php

 

[luckygal]

Compared to this might as well go for GE. 12mth at 1.05%

HLF 0.90% pa for 13mths

https://www.hlf.com.sg/personal/promotions/fixed-deposits-interest-rates-promotion-singapore.php

 

[Gimago19]

Yes, I agreed

Compared to this might as well go for GE. 12mth at 1.05%

 

[android]

Can the HSBC FD be placed online?

 

[snowieee]

Just to share

https://www.hlbank.com.sg/en/person...s-account-same-flexibility-higher-growth.html

 

[twinklingstars]

https://www.singtel.com/about-Us/ne...savings-plan-for-users-to-grow-their-savings0

2% returns, min deposit $2K, up to $20K

 

[Gimago19]

If deposit is $50k, the Effective Interest Rate of Return is 1% .

Just to share

https://www.hlbank.com.sg/en/person...s-account-same-flexibility-higher-growth.html

 

[sgreview]

Just to share

https://www.hlbank.com.sg/en/person...s-account-same-flexibility-higher-growth.html

If deposit is $50k, the Effective Interest Rate of Return is 1% .

VERY IMPORTANT! Have to highlight that you are late in this party

Do note what u all have shared has already ended!!! HL Bank iSavings started at 1.98%p.a. (Feb-Apr 2020) to now at 0.88%p.a. starting in Sep 2020. Please refer to the new rate under "Important Information" in their website link below:
https://www.hlbank.com.sg/en/personal-banking/deposits/savings-account/isavings-account.html

Guys, if u are only seeing this for the first time, please note that HL bank was doing this as a promo cycle of 2 or 3 months each (usually) and had nerf their rates in an unexpected move in Sep. So don't jump into opening an account without understanding what is happening!

You can also learn and follow the latest update from HWZ tread specially for this HL Bank iSavings here:
https://forums.hardwarezone.com.sg/...g-leong-isavings-account-promo-6201288-2.html

 

[merlot6230]

alamak open the account liao! then realise why the rate is so slow - lucky open online the account - no transfer yet.

thank for alert !