Lastest S$ Deposit updates - Part 3

[pratik28]

Have been reading how SORA impacts not just lending rate but borrowing rate too.

Mortgage rate includes SORA and a "Spread" (the bank's profit margin and operating cost):

SORA and FD rates are "cousins"—they usually move in the same direction, but they aren't perfectly joined at the hip.When SORA drops, banks are very quick to lower FD rates (to save costs).


Banks borrow "cheap" from depositors and lend "expensive" to homeowners. The difference between what they pay you (FD rate) and what they charge you (Home Loan rate) is called the Net Interest Margin (NIM).


The SORA Connection: SORA is the rate banks charge each other. If SORA is high (e.g., 2%), a bank would rather take your money via an FD at 1.5% than borrow from another bank at 2%. This drives FD rates up.

The Liquidity Factor: In 2026, if banks have plenty of cash (high liquidity), they don't need your FD as much. Even if SORA is steady, they might drop FD rates because they simply don't need the extra deposits.

 

[pratik28]

Aiyo! My FD matures this Friday...

There is still FDs by
- Maribank upto 50k 3 months @ 1.58%
- HL Finance 4 , 5 months @ 1.5%
- HL Bank 6 months @ 1.5%.
- CIMB , Maybank 12 months @ 1.3%

- HL Bank can be done all online ,
- HL Finance might need to go down to branch but they said its convenient as they have 28 branches islandwide open on weekends too.

 

[pratik28]

Received news RHB will decrease FD rates tomorrow

Today , even CIMB updated FD rates - 3 , 6 ,12m @ 1.3%

Maybank similar 6 ,9 ,12m @ 1.3%

and RHB 3 , 6m @ 1.2% , 12m @ 1.25%

 

[banyan8]

There is still FDs by
- Maribank upto 50k 3 months @ 1.58%
- HL Finance 4 , 5 months @ 1.5%
- HL Bank 6 months @ 1.5%.
- CIMB , Maybank 12 months @ 1.3%

- HL Bank can be done all online ,
- HL Finance might need to go down to branch but they said its convenient as they have 28 branches islandwide open on weekends too.

The highest seems OCBC 88 days 1.6%. I already participated in the OCBC Jan tranche and the fund is earmarked. Can I put new fund into the same account for the Feb promo?

 

[TLCTLC88]

There is still FDs by
- Maribank upto 50k 3 months @ 1.58%
- HL Finance 4 , 5 months @ 1.5%
- HL Bank 6 months @ 1.5%.
- CIMB , Maybank 12 months @ 1.3%

- HL Bank can be done all online ,
- HL Finance might need to go down to branch but they said its convenient as they have 28 branches islandwide open on weekends too.

Can't move my FD from RHB as need to maintain my premier status.

And I already have FD with maybank, CIMB and HLF. Not keen with HL Bank due to bad experience.

 

[lzydata]

CNY Fixed Deposit Special​

Tenure	Minimum Deposit Amount
	$10,000
12 months	1.288% p.a.
18 months	1.328% p.a.

https://www.singfinance.com.sg/fixed-deposits/

Tenor	Minimum Placement Amount (Fresh Funds in SGD)	Promotional Interest Rate
6 months	S$25,000	Personal Banking: 1.35% p.a. Priority Banking: 1.40% p.a. Priority Private: 1.45% p.a.

https://www.sc.com/sg/save/time-deposits/singapore-dollar-time-deposit/

Stanchart also updated their offers but the rates have dropped.

 

[ThreeSteps]

Just to re-post under this thread in case some are not aware of this :

DBS/POSB 1.5% p.a.for 3 mths CASA Promotion
Can register in person at dbs/posb branches (not necessary to be Treasure member) or at Treasure centres - just need to fill up a simple casa form. (if you have RM, maybe contact RM to figure it out)
If you register your DBS Multiplier a/c, this 1.5% is stackable, for now (But of course, the bank can change their mind any time). If you register a non-Multiplier a/c, you will get the stand-alone 1.5% for the a/c.

Registration window#2: 03Feb – 19Feb, earmark release date 07May (note: registration date is the start date and earmark release date is the end date for purpose of interest calculation. If register on 03Feb, this is 94 days @1.5%, register later means you will earn less days of interest. Interest will be credited by 28May.
Participating amt is capped at S$50 million per existing dbs/posb a/c, minimum S$10k required. Can register more than one a/c including joint a/c, using available balance in existing a/c(s).

 

[Skoda29]

Just to re-post under this thread in case some are not aware of this :

DBS/POSB 1.5% p.a.for 3 mths CASA Promotion
Can register in person at dbs/posb branches (not necessary to be Treasure member) or at Treasure centres - just need to fill up a simple casa form. (if you have RM, maybe contact RM to figure it out)
If you register your DBS Multiplier a/c, this 1.5% is stackable, for now (But of course, the bank can change their mind any time). If you register a non-Multiplier a/c, you will get the stand-alone 1.5% for the a/c.

Registration window#2: 03Feb – 19Feb, earmark release date 07May (note: registration date is the start date and earmark release date is the end date for purpose of interest calculation. If register on 03Feb, this is 94 days @1.5%, register later means you will earn less days of interest. Interest will be credited by 28May.
Participating amt is capped at S$50 million per existing dbs/posb a/c, minimum S$10k required. Can register more than one a/c including joint a/c, using available balance in existing a/c(s).

This one must buy product/investment.
I enquired before.

 

[pratik28]

The highest seems OCBC 88 days 1.6%. I already participated in the OCBC Jan tranche and the fund is earmarked. Can I put new fund into the same account for the Feb promo?

Yes can , I remember someone else also mention this can be done in recent chats in this forum. If I find that msg , will pin it down

 

[pratik28]

Can. As long it is fresh fund .

Here it is!

 

[ThreeSteps]

This one must buy product/investment.
I enquired before.

I wonder who you enquire with previously.

I suggest you just walk into a branch and ask for the 1.5% p.a. 3 months CASA promo and get the customer registration form filled up & submit it.
If anyone say that you need to buy products to do this casa, just tell them you are not interested in products & that other people have done this casa without buying products. Don't be "too soft" when dealing with people trying to sell you things.

 

[Skoda29]

I wonder who you enquire with previously.

I suggest you just walk into a branch and ask for the 1.5% p.a. 3 months CASA promo and get the customer registration form filled up & submit it.
If anyone say that you need to buy products to do this casa, just tell them you are not interested in products & that other people have done this casa without buying products. Don't be "too soft" when dealing with people trying to sell you things.

RM.Means he is not truthful.

 

[myPosting]

I wonder who you enquire with previously.

I suggest you just walk into a branch and ask for the 1.5% p.a. 3 months CASA promo and get the customer registration form filled up & submit it.
If anyone say that you need to buy products to do this casa, just tell them you are not interested in products & that other people have done this casa without buying products. Don't be "too soft" when dealing with people trying to sell you things.

Any link or info on website on this 1.5% p.a. 3 months CASA so that the staff knows which product I am referring to.

 

[ThreeSteps]

Any link or info on website on this 1.5% p.a. 3 months CASA so that the staff knows which product I am referring to.

There is no online info, it is a branch casa.
Ask for the form "1.5% p.a. 3 Months CASA PROMOTION - CUSTOMER REGISTRATION FORM".
If the staff is ignorant, ask their colleagues or the branch manager, or tell them to contact other dbs/posb branches for info.

There are some people who have done this casa recently at various different branches,
refer to the DBS Multiplier thread discussion - last 5 pages:
https://forums.hardwarezone.com.sg/threads/dbs-changed-its-mutiplier-plan.5699929/page-549

 

[demoforce1]

There is no online info, it is a branch casa.
Ask for the form "1.5% p.a. 3 Months CASA PROMOTION - CUSTOMER REGISTRATION FORM".
If the staff is ignorant, ask their colleagues or the branch manager, or tell them to contact other dbs/posb branches for info.

There are some people who have done this casa recently at various different branches,
refer to the DBS Multiplier thread discussion - last 5 pages:
https://forums.hardwarezone.com.sg/threads/dbs-changed-its-mutiplier-plan.5699929/page-549

Yes, thanks to this group for extra cai peng $

 

[sglandscape]

Yes, thanks to this group for extra cai peng $

Brought in quite a bit of moolah for extra cai peng everyday

 

[sglandscape]

This one must buy product/investment.
I enquired before.

The need to buy one they offer even a higher rate, but was not interested.

 

[Hyruga]

https://www.greateasternlife.com/sg...ur-products/wealth-accumulation/great-sp.html

0.7%

 

[a4973]

https://www.greateasternlife.com/sg...ur-products/wealth-accumulation/great-sp.html

0.7%

Is this the lowest in the history of the Great series?

 

[Hyruga]

Haiz I think I am very Xia suay. Lose money in bull market due to crypto.

I will trade/invest less and put some money in Primegold Bonus III and earn endowment interests ba...