Lastest S$ Deposit updates - Part 3

[Careful Investor]

When I log onto dbs ibanking website, the digibot will immediately pop up at my bottom right hand corner, it will state ' 3 yrs lock in for guaranteed returns of 3.65% p.a. with SavvyEndowment 12. Plus, up to S$50 vouchers with promo code DBSSE12. Learn more. T&Cs apply.' . Not sure whether promo code is exclusive. Hope this helps

Hi Thanks for advice. I called DBS and they said it is exclusive to invited guests. Anyway since the rates are not bad even without the vouchers, I applied. Pretty slow compared to others. However till now few days still did not receive the policy or any advice from Manulife. Can advise how long it take for you to receive the policy?

Thanks again.

 

[saintgtril]

Did anyone receive this when you apply SavvyEndowment 12 ​

Grab this exclusive deal! From 15 to 28 June 2023 only.​

​	Receive up to S$50 eCapitaVouchers when you get a SavvyEndowment 12 policy!​ Receive S$20 eCapitaVouchers with at least S$20,000 single premium Receive S$50 eCapitaVouchers with at least S$30,000 single premium

When I log onto dbs ibanking website, the digibot will immediately pop up at my bottom right hand corner, it will state ' 3 yrs lock in for guaranteed returns of 3.65% p.a. with SavvyEndowment 12. Plus, up to S$50 vouchers with promo code DBSSE12. Learn more. T&Cs apply.' . Not sure whether promo code is exclusive. Hope this helps

Hi all, one should purchase in 30K in multiple policies rather than one single policy of e.g. 100K. Lol.

 

[sglandscape]

Hi all, one should purchase in 30K in multiple policies rather than one single policy of e.g. 100K. Lol.

Fully agree then have free option to redeem in part for desperate times

 

[Romeo007]

I believe if one has lotsa 250K don't think they will surf this forum for lobang. They most likely has some dedicated RM or financial advisor to advise them and inform them of lobang. Some lobang are basically off limits to retail with low capital so it will benefit these rich ppl more. A good e.g is the just recently concluded Singlife endowment which really benefit ppl with lotsa monies as their applications are submitted first.

Only ppl with limited capital (like me) surf this and other forum searching for lobang to stretch my every dollar further.

I Don have lots but I do have some. I surf this forum to find ideas to keep my cash more liquid with high yield n also for entertainment.

 

[Shalom_555]

Thanks for advice. I called DBS and they said it is exclusive to invited guests. Anyway since the rates are not bad even without the vouchers, I applied. Pretty slow compared to others. However till now few days still did not receive the policy or any advice from Manulife. Can advise how long it take for you to receive the policy?

Thanks again.

I received a text immediately to say that policy xxx is processed and effective on 16 Jun (ie date that I applied). About an hour later, I received an email with the link to the econtract /policy. This is also reflected in my DBS insurance page

 

[lzydata]

Tenor	Deposit Amount (Fresh Funds)	Promotional Interest rate (p.a.)
6-month 10-month	S$10,000 and above	2.70%

https://www.uob.com.sg/personal/save/fixed-deposits/singapore-dollar-fixed-deposit.page
Collapsed.

 

[sglandscape]

Tenor	Deposit Amount (Fresh Funds)	Promotional Interest rate (p.a.)
6-month 10-month	S$10,000 and above	2.70%

https://www.uob.com.sg/personal/save/fixed-deposits/singapore-dollar-fixed-deposit.page
Collapsed.

They follow OCBC after they cut too

 

[dailou]

Maybank 3.9% bolang bai?

EIR 3.54%, still the highest atm

 

[luckygal]

Does Maybank have any penalty for early termination of FD?

 

[heng_ah]

Does Maybank have any penalty for early termination of FD

no

 

[havetheveryfun]

I believe if one has lotsa 250K don't think they will surf this forum for lobang. They most likely has some dedicated RM or financial advisor to advise them and inform them of lobang. Some lobang are basically off limits to retail with low capital so it will benefit these rich ppl more. A good e.g is the just recently concluded Singlife endowment which really benefit ppl with lotsa monies as their applications are submitted first.

Only ppl with limited capital (like me) surf this and other forum searching for lobang to stretch my every dollar further.

u are wrong !
many millionaires rather come and ask hwz for advice instead of RM or financial advisor

https://forums.hardwarezone.com.sg/...e-asking-what-to-do-with-their-money.5626345/

 

[dreamwork7878]

I believe if one has lotsa 250K don't think they will surf this forum for lobang. They most likely has some dedicated RM or financial advisor to advise them and inform them of lobang. Some lobang are basically off limits to retail with low capital so it will benefit these rich ppl more. A good e.g is the just recently concluded Singlife endowment which really benefit ppl with lotsa monies as their applications are submitted first.

Only ppl with limited capital (like me) surf this and other forum searching for lobang to stretch my every dollar further.

The rich already outsource most of the work to their RM. so they have and left with plenty of time and nothing to do. So they surf internet, fourm to look for more lobang.

upon catching something new, they call up their RM and whack them upside down for failure to secured lobang for them. why got such things(logang) you never inform me and i didnt get it ?

only people like us, got no additional RM helping hand , we got to help ourselves.

 

[Careful Investor]

I received a text immediately to say that policy xxx is processed and effective on 16 Jun (ie date that I applied). About an hour later, I received an email with the link to the econtract /policy. This is also reflected in my DBS insurance page

I called hotline they just said still processing need to Q. I asked them why some received immediate but mine pending so many days, hotline no answer. worst is policy date will be issue date so depending on when they issue, eat so many days interest

Anyone had similar experience? Hotline keeps saying need processing time so. It immediate

 

[hyperfuse]

The GE 3.5% for 1 year looks good. Tbills of this similar rate is for 6 mths only.

i rather longer tenure than shorter. whats the point of wanting shorter tenure? might as well say just 1 month haha..

ppl want interest rate to lock in for longer periods. if want short term, the interest rate also is peanuts, whats the point of even putting it there haha.. unless the individual lack of funds..then shouldnt even think about all of this.

 

[havetheveryfun]

i rather longer tenure than shorter. whats the point of wanting shorter tenure? might as well say just 1 month haha..

ppl want interest rate to lock in for longer periods. if want short term, the interest rate also is peanuts, whats the point of even putting it there haha.. unless the individual lack of funds..then shouldnt even think about all of this.

cos ppl afraid interest rates go higher thats why want shorter tenure.

 

[Shalom_555]

Fyi, I walked past HLF and saw their Happy Dumpling Festival promo.

Interest Rates (% per annum)​

Deposit Amount	1-month	3-month	8-month
S$20,000 to < S$50,000	2.88%	3.08%	3.08%
S$50,000 and above	2.98%	3.38%	3.28%

Published rates are as of 7 June 2023.

 

[Shalom_555]

I called hotline they just said still processing need to Q. I asked them why some received immediate but mine pending so many days, hotline no answer. worst is policy date will be issue date so depending on when they issue, eat so many days interest

Anyone had similar experience? Hotline keeps saying need processing time so. It immediate

This is a tardy reply from hotline. If I were you, I will take down the hotline person's details (time of call etc) and ask that he/she escalate and call me back as we need accountability. The bank was also tardy in responding to my query on giving me a $20 eCapita voucher instead of $50 by simply replying, 'take this as a reply, we will follow up with relevant parties'

 

[maumu]

Fyi, I walked past HLF and saw their Happy Dumpling Festival promo.

Interest Rates (% per annum)​

Deposit Amount	1-month	3-month	8-month
S$20,000 to < S$50,000	2.88%	3.08%	3.08%
S$50,000 and above	2.98%	3.38%	3.28%

Published rates are as of 7 June 2023.

it's strange that Fed is maintaining some more hikes and sustained elevated rates for 2024 at least, but SG the yields are all dropping like grapes.

result of too much cash out there in Singapore until banks don't need to attract in-flow?

 

[luckygal]

For Maybank 3.9%, if deposit 40k into FD, need to have 4K in savings account but interest is based on the 40k only right.

 

[~sabaisabai~]

For Maybank 3.9%, if deposit 40k into FD, need to have 4K in savings account but interest is based on the 40k only right.

yes, if 40k in FD means you will get interest for 40k. 4k in saving bank is under saving account interest rate