Lastest S$ Deposit updates - Part 3

[Buzy_bee]

Got about 40 K to deploy and considering to put it into RHB FD for 3.55%. Anyone go to better alternatives?

T- bill is on higher rate than fd for now

 

[Extremme]

Got about 40 K to deploy and considering to put it into RHB FD for 3.55%. Anyone go to better alternatives?

I thought Maybank is 3.9%?

 

[rest1ess]

T- bill is on higher rate than fd for now

I wonder how long will that hold water

 

[sglandscape]

I wonder how long will that hold water

As long as SGD remains weak and US rate stays elevated

 

[Buzy_bee]

I wonder how long will that hold water

Just enjoy the 6 months lock in period

 

[d5dude]

Oic, then cannot liao

Actually you can purchase this in the secondary market, dun need to be AI. All you need is ~266k (indicative price is around 103.5 + add accrued interest).

 

[rest1ess]

As long as SGD remains weak and US rate stays elevated

I won't say 0.74 is weak

 

[Hot2002]

Nope. I purposely don't want to "ignore" coz I want your posts to remind me not to transform into such kind of bitter person when Im your age.

需要吗? Peace out

 

[heng_ah]

I thought Maybank is 3.9%?

Already discussed in the previous pages.
Their 3.9% advertised is not EIR.

 

[bargin]

https://www.bankofchina.com/sg/bocinfo/bi3/bi31/202306/t20230626_23274982.html

BOC revise their rate for one month and 24 months

 

[sglandscape]

I won't say 0.74 is weak

It went as low as 1.3 and it's 1.35 now

 

[dreamwork7878]

FED going to hike interest rate for another 2 more rounds.

so FD rates going up

 

[sglandscape]

FED going to hike interest rate for another 2 more rounds.

so FD rates going up

Hopefully MAS play ball

 

[dreamwork7878]

Tia gong a lot of people their property mortgage loan previous it is only 1.xx %.
In the next 6 to 9 months many of these cheap mortgage loan is going to expire.

Now the bank going to raise their mortgage loan to 4.xx %.

Many of my friends trying to unload their properties in the market
interest rates are too high for them to pay up. All of them worried they may be retrenched and how to
pay their millions dollar bank loan.

how come FD not rising for us?

​

 

[hyperfuse]

Tia gong a lot of people their property mortgage loan previous it is only 1.xx %.
In the next 6 to 9 months many of these cheap mortgage loan is going to expire.

Now the bank going to raise their mortgage loan to 4.xx %.

Many of my friends trying to unload their properties in the market
interest rates are too high for them to pay up. All of them worried they may be retrenched and how to
pay their millions dollar bank loan.

how come FD not rising for us?

​

i thankful i am living a peasant life. just a 5 room hdb with hdb loan fix at 2.6 percent.

And HDB loan can anytime suka suka pay off or offset lump sum. Bank loan unable to.

 

[DevilPlate]

Tia gong a lot of people their property mortgage loan previous it is only 1.xx %.
In the next 6 to 9 months many of these cheap mortgage loan is going to expire.

Now the bank going to raise their mortgage loan to 4.xx %.

Many of my friends trying to unload their properties in the market
interest rates are too high for them to pay up. All of them worried they may be retrenched and how to
pay their millions dollar bank loan.

how come FD not rising for us?

​

I also thought there will be more Firesales in the condo resale market but when u hunt for it….90% asking for 5-10% above past tx whahahaha

Our unemployment rate still too healthy and there is no Fear at all….only FOMO now

 

[semiret]

Tia gong a lot of people their property mortgage loan previous it is only 1.xx %.
In the next 6 to 9 months many of these cheap mortgage loan is going to expire.

Now the bank going to raise their mortgage loan to 4.xx %.

Many of my friends trying to unload their properties in the market
interest rates are too high for them to pay up. All of them worried they may be retrenched and how to
pay their millions dollar bank loan.

how come FD not rising for us?

​

Local Banks are slow to increase interests rate but very fast to up mortgage rates. If not how are they going to keeps reported records profits?

 

[sglandscape]

Tia gong a lot of people their property mortgage loan previous it is only 1.xx %.
In the next 6 to 9 months many of these cheap mortgage loan is going to expire.

Now the bank going to raise their mortgage loan to 4.xx %.

Many of my friends trying to unload their properties in the market
interest rates are too high for them to pay up. All of them worried they may be retrenched and how to
pay their millions dollar bank loan.

how come FD not rising for us?

​

Don't think this reflects reality and has a bit of fear mongering. People only get worried when they get retrenched, and not anticipate it. While the interest rate goes up, could also refinance to a longer payback period if really required assuming their age allow to ride it out

 

[zeroX26]

Tia gong a lot of people their property mortgage loan previous it is only 1.xx %.
In the next 6 to 9 months many of these cheap mortgage loan is going to expire.

Now the bank going to raise their mortgage loan to 4.xx %.

Many of my friends trying to unload their properties in the market
interest rates are too high for them to pay up. All of them worried they may be retrenched and how to
pay their millions dollar bank loan.

how come FD not rising for us?

​

You already answered yourself leh. Think harder.

 

[sohguanh]

i thankful i am living a peasant life. just a 5 room hdb with hdb loan fix at 2.6 percent.

And HDB loan can anytime suka suka pay off or offset lump sum. Bank loan unable to.

You see few years back or even my era friends those take bank loan of 1.XX are laughing at us taking 2.6% hdb loan. They are not wrong at that point in time of low rate but they cannot predict future how fast the rate rises. Hope during those low rate years the monies saved are plowed to earn more returns for them.