Lastest S$ Deposit updates - Part 1

[dork32]

http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_8746D0E20F42FD4A482578100016A458/$file/NewsRelease_BondsPublicOffering_20110106.pdf?openelement

CapMalls Asia bonds, 1% for 1 year , 2.15% for 3...min sum needed only 2k.

I think the 1 year should be quite ok...application ends 15th Jan, starts on 21st january. Put 10k for a year, interest $100, better then bank give you $10 nia lol

you compare with the lousiest bank deposit rate of course 1% seems very attractive. but if u compare with cimb 0.8% + cheque book + atm card, then it is only marginally better. furthermore at cimb, you can withdraw cash anytime

 

[Chua Zhiming]

you compare with the lousiest bank deposit rate of course 1% seems very attractive. but if u compare with cimb 0.8% + cheque book + atm card, then it is only marginally better. furthermore at cimb, you can withdraw cash anytime

Both serves different purpose.

Star-saver needs a min of 5k and a monthly additional requirement of $500 to maintain this 0.8% (otherwise its 0.5%) and time-frame is not confirmed, maybe 6 months down the road they drop to 0.7%? nobody knows. It is good for short-term parking of funds for future investment opportunities.

This CMA bond is for those who have a sum which they are sure they will not need to touch for a year and yet do not want to take the risk of investing in equities at the moment.

 

[dreamer75]

ICICI offering highest FD rate

 

[ongware]

Both serves different purpose.

Star-saver needs a min of 5k and a monthly additional requirement of $500 to maintain this 0.8% (otherwise its 0.5%) and time-frame is not confirmed, maybe 6 months down the road they drop to 0.7%? nobody knows. It is good for short-term parking of funds for future investment opportunities.

This CMA bond is for those who have a sum which they are sure they will not need to touch for a year and yet do not want to take the risk of investing in equities at the moment.

but is it worth to invest? Last time when SIA launch its bonds there was a craze. I onli have some funding that onli meets its minimum amt, (but I dun wan to lock in FD anymore ) it is worth it?

 

[ck7373]

ICICI offering highest FD rate

ICICI has just drop their FD rate.......

 

[Chua Zhiming]

but is it worth to invest? Last time when SIA launch its bonds there was a craze. I onli have some funding that onli meets its minimum amt, (but I dun wan to lock in FD anymore ) it is worth it?

2k? ... cant do much with it. Might as well put in there for a year and get $20.

Or save up abit more and buy 2 lots of singpost? $2400+ but u get $120+ worth of dividends annually, ~5% yield pretty good. capital not protected though low risk.

Many many choices out there...

 

[ahgirl01]

2k? ... cant do much with it. Might as well put in there for a year and get $20.

Or save up abit more and buy 2 lots of singpost? $2400+ but u get $120+ worth of dividends annually, ~5% yield pretty good. capital not protected though low risk.

Many many choices out there...

Singpost so steady ah! Wah didn't know that. Still got what else?

 

[Chua Zhiming]

http://www.investmentmoats.com/DividendScreener/DividendScreener.php

Do read more and remember not to choose stocks just based on div yield..look at where the company is headed in 3-5 years time to see if they are stable. Stocks always carry more risks then FDs.

 

[zippo1979]

If you have a longer time horizon for a part of your funds, do consider a lump sum endowment plan.

My company is offering 2.3% per annum and the policy term is for 7 years.

Say a single premium of 30K. Upon maturity, the guaranteed mature amount is $35,175.

7 year endowment plan is only 2.3% p.a.... sucks...

even CMA bond, is paying 2.15% p.a. for a 3 year term.

and CMA bond can exit anytime based on the current market price, which could be higher or lower than the purchase price.

unlike your endowment plan can only exit at a loss.

 

[zippo1979]

Singpost so steady ah! Wah didn't know that. Still got what else?

singpost pays 6.25 cents per year.

based on current price of $1.20, it offers 5.2% p.a. yield.

but as highlighted, the price of a share can fluctuated (go up OR down, not necessarily just down).

 

[vaxvms]

7 year endowment plan is only 2.3% p.a.... sucks...

even CMA bond, is paying 2.15% p.a. for a 3 year term.

and CMA bond can exit anytime based on the current market price, which could be higher or lower than the purchase price.

unlike your endowment plan can only exit at a loss.

CMA bond good choice
I parked some inside

 

[vaxvms]

for start saver CIMB should be highest interest rate....

 

[kitoshizc]

Guys,

I'm looking for an account with cheque book facility, but most of it charges account and monthly fees. however, for the following 2 bank accounts

Citibank Step Up Interest Account
Standard Chartered SuperSalary Account

If I withdraw all my salary out on the payday, and later I deposit some minor amount lesser than salary into the account again, will the bank charge me service fees? especially citibank?

Or if you have other accounts to recommend, pls assist.

Thanks in advance.

 

[dork32]

Singpost so steady ah! Wah didn't know that. Still got what else?

if u read straits times. there is a list of st index and mid cap stocks. on the list there is a dividend yield. There are many companies giving more than 5%. eg m1, starhub, sun tec, sph, sing post.....

but be careful. share price may not hold. eg during the 2008-09 crisis, singpost drop till $0.70. Your interest can never cover such capital loss.

 

[therat]

For citibank step up interest account, as long as your salary is credit to this account. There are no min amount to keep.

Answer you question. No service fees as long as ur salary is credit to citibank step up interest account.
On top of it, the CHQ bk is Free flow

 

[Atmosphere]

http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_8746D0E20F42FD4A482578100016A458/$file/NewsRelease_BondsPublicOffering_20110106.pdf?openelement

CapMalls Asia bonds, 1% for 1 year , 2.15% for 3...min sum needed only 2k.

I think the 1 year should be quite ok...application ends 15th Jan, starts on 21st january. Put 10k for a year, interest $100, better then bank give you $10 nia lol

ur link only says how to apply... where toget more info on it?

 

[kitoshizc]

thanks therat.

Then what is this total relationship balance by citibank?

 

[kyma]

Guys,

I'm looking for an account with cheque book facility, but most of it charges account and monthly fees. however, for the following 2 bank accounts

Citibank Step Up Interest Account
Standard Chartered SuperSalary Account

If I withdraw all my salary out on the payday, and later I deposit some minor amount lesser than salary into the account again, will the bank charge me service fees? especially citibank?

Or if you have other accounts to recommend, pls assist.

Thanks in advance.

CIMB's StarSaver is another one.

 

[mosmos]

ur link only says how to apply... where toget more info on it?

 

[ahgirl01]

Afaik, citi step up only needs your monthly average balance to be higher than previous month, meaning 1cent also can lol.

Thanks all for info about shares! haha I know the risks involved but not how to find info. We all know must read up on companies blah blah but sometimes you can't even find their yearly reports -.- even if can find also must sieve thru creative acct.

Anyone here favours high dividend yield stocks? Can share experience?