Lastest S$ Deposit updates - Part 3

[lzydata]

I even tried OCBC400.

OCBC999

 

[sohguanh]

Just park your money in Philip Security, 3.3% not lock in.

I have poems they withdraw monies slow. Today before 10 am submit evening 6.30 pm then come in. But they now have PayNow to NRIC option good no need sign form link bank account troublesome like last time.

Mari Invest better about 3.5% instant withdrawal cap at 10k daily

 

[ekardo]

Yes. Downtime is impt factor consideration for short term investment

 

[blues7]

Yesterday I was at HQ, they told me FD 6mth hv 3.5 / 3.55 %

But you have to also lock in 6mth 10% of ur FD amount in some other regular savings account which u hv to open and maintain $500 to avoid fall below for tat account

maybank use lockin sum strategy for many years liao

so far, ok, because overall it is still a little bit more than other banks

good for folks who don't want to put everything in one basket

 

[sohguanh]

maybank use lockin sum strategy for many years liao

so far, ok, because overall it is still a little bit more than other banks

good for folks who don't want to put everything in one basket

But Maybank like to enforce 20k minimum. CIMB only 10k. BOC 5k. ICBC 500. It is important becuz say you got X dollars you want to split them up and put in many banks diversify mah.

 

[jywy2005]

Maybank always have to set aside a some money in the savings accounts before you can place FD

 

[banyan8]

Maybank always have to set aside a some money in the savings accounts before you can place FD

Can utilize the existing $500 in iSavy Saving account?

 

[lzydata]

Can utilize the existing $500 in iSavy Saving account?

No, the money going into the current or savings account must be fresh funds as well.

 

[sohguanh]

Can utilize the existing $500 in iSavy Saving account?

That is used for DIY place FD. The other is deposit bundle is need put or open new account which strangely no iSavvy I also dunno why and it is only a bit higher after all calculation and then you stuck with that new account which impose a minimum else minus fall below fee after your FD matured.

 

[deepblueli]

Any lobang that can earn 3.5% or above with minimum risk? Already maxed out chocolate finance and GXS boost pocket

 

[gobin74]

Any lobang that can earn 3.5% or above with minimum risk? Already maxed out chocolate finance and GXS boost pocket

Thanks for the update deepblueli

Can you please let us know some. Details. Around. Gxs booster pl

Thanks for the update pl...cheers

 

[wutawa]

Any lobang that can earn 3.5% or above with minimum risk? Already maxed out chocolate finance and GXS boost pocket

Have u heard abt Mari invest? It is abt 3.5%.

 

[deepblueli]

Thanks for the update deepblueli

Can you please let us know some. Details. Around. Gxs booster pl

Thanks for the update pl...cheers

You can find more details about GXS boost pocket from this: https://www.gxs.com.sg/save

 

[deepblueli]

Have u heard abt Mari invest? It is abt 3.5%.

Ya but it is basically a fund and the return is not guaranteed though. I already put some into it. I have a few expiring syfe guaranteed deposits and now it drops to 3.2%, wondering anything similar in the market with higher return with short term duration.

Looks like there isn’t much alternative at the moment given the dropping interest rate trend

 

[ckman3]

Wef 23 Sep 2024, BOC just revised their online FD rates. Min 0.5K. 2.85% for 6mth and 2.75% for 12mth.

 

[bargin]

Wef 23 Sep 2024, BOC just revised their online FD rates. Min 0.5K. 2.85% for 6mth and 2.75% for 12mth.

https://www.boc.cn/sg/bocinfo/bi3/bi31/202409/t20240909_25150937.html

the rate is the same as 09 Sep 2024 for 6mth and 12mth

 

[Jov1623]

https://www.boc.cn/sg/bocinfo/bi3/bi31/202409/t20240909_25150937.html

the rate is the same as 09 Sep 2024 for 6mth and 12mth

Drop again

 

[Jov1623]

Drop again

Now 3 month only 3%

not updated yet

 

[ckman3]

https://www.boc.cn/sg/bocinfo/bi3/bi31/202409/t20240909_25150937.html

the rate is the same as 09 Sep 2024 for 6mth and 12mth

Noted no change for 6 and 12mths.
Just a heads up that I gather from BOC app that latest revision is 23 Sep. Website yet to be updated.

 

[ckman3]

Now 3 month only 3%

not updated yet

Yep, website yet to update. From BOC app, the 3mth online FD rate is 3.05% though.