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Deposits (non FD) to consider to manage concentration risks

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Old 17-07-2020, 03:21 PM   #76
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This is very real.
Total interest dropping every month (DBS Multiplier, UOB ONE, OCBC 360, BOC SS, Singlife, HL Bank).

MAR $997.20
APR $991.97
MAY $934.35
JUN $810.34

Jul probably last month to earn interest in this range.
Been moving some out to mid term accounts (Maybank 3 years FD 2.05%, Tiq 3 years 2.1%)

August will probably move more out.
The idea is that we probably don't need that much liquidity/ emergency funds unless waiting to pounce on some property/ business opportunity.(Assuming one is properly and sufficiently insured)
Increasing my monthly investment into stocks also during this period also.

Last edited by josc36; 17-07-2020 at 03:36 PM..
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Old 17-07-2020, 04:59 PM   #77
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This is very real.
Total interest dropping every month (DBS Multiplier, UOB ONE, OCBC 360, BOC SS, Singlife, HL Bank).

MAR $997.20
APR $991.97
MAY $934.35
JUN $810.34

Jul probably last month to earn interest in this range.
Been moving some out to mid term accounts (Maybank 3 years FD 2.05%, Tiq 3 years 2.1%)

August will probably move more out.
The idea is that we probably don't need that much liquidity/ emergency funds unless waiting to pounce on some property/ business opportunity.(Assuming one is properly and sufficiently insured)
Increasing my monthly investment into stocks also during this period also.
Thanks for sharing. Wondering has Singlife crediting interest drop?
You may want to consider RHB HYSA+ at EIR 1.375% for 100k.
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Old 17-07-2020, 06:38 PM   #78
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Thanks for sharing. Wondering has Singlife crediting interest drop?
You may want to consider RHB HYSA+ at EIR 1.375% for 100k.
I have not heard anything with regards to drop in SingLife's interest rate.
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Old 17-07-2020, 08:40 PM   #79
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Thanks for sharing. Wondering has Singlife crediting interest drop?
You may want to consider RHB HYSA+ at EIR 1.375% for 100k.
Yea its my back up for August if I cant find anything better.
But its getting too popular, likely will be nerfed soon. Hopefully can last longer.
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Old 18-07-2020, 05:28 PM   #80
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Yup! Hope it would stay for a while. Btw RHB has increased the transfer daily limit to 100k.
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Old 18-07-2020, 09:23 PM   #81
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Good spread to manage concentration risk and achieve EIR 1.523%p.a. Of course, EIR would reduce come August.

Wonder why you did not consider Etiqa at 1.8%p.a. since you are comfortable with insurance link deposit like Singlife?
Well Singlife is easy to understand and it functions like a bank account.
Etiqa seems like a lot of details to read..too tired to figure out lol.. and there's a no withdrawal period.
Not sure if its capital protected and monthly interest credited..
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Old 23-07-2020, 08:03 PM   #82
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Well Singlife is easy to understand and it functions like a bank account.
Etiqa seems like a lot of details to read..too tired to figure out lol.. and there's a no withdrawal period.
Not sure if its capital protected and monthly interest credited..
Yup! Do not disagree with you/
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Old 02-08-2020, 04:08 PM   #83
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Deposit rates update with no hoops

SIF GoSaver for 300k
10k 0.80% 80
50k 0.85% 425
50k 0.90% 450
50k 0.95% 475
140k 1.00% 1400
300k 0.9433% 2830

Fastsaver for 100k
50k 0.50% 250
25k 0.80% 200
25k 1.50% 375
100k 0.8250% 825

RHB HYSA+ for 100k wef 1 Sep 2020
50k 0.80% 400
25k 0.90% 225
25k 1.00% 250
100k 0.8750% 875

RBH HYSA+ for 100k till 31 Aug 2020
50k 1.05% 525
25k 1.55% 387.5
25k 1.85% 462.5
100k 1.3750% 1375
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Old 02-08-2020, 04:33 PM   #84
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Thanks for the update. HL Bank? Until Sep.

https://www.hlbank.com.sg/en/persona...s-account.html
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Old 02-08-2020, 04:49 PM   #85
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Thanks for the update. HL Bank? Until Sep.

https://www.hlbank.com.sg/en/persona...s-account.html
Brilliant HL rates look good. Any idea if they on mobile app and use digital token for IB?
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Old 02-08-2020, 04:58 PM   #86
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No mobile app. Got thread: https://forums.hardwarezone.com.sg/1...7-post146.html. Started from the July-Sep cycle.
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Old 02-08-2020, 05:06 PM   #87
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Thanks for the update. HL Bank? Until Sep.

https://www.hlbank.com.sg/en/persona...s-account.html



1.04% (100k) is good however effective till Sep only and 6 months account of 5k minimum locked in
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Old 02-08-2020, 06:24 PM   #88
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1.04% (100k) is good however effective till Sep only and 6 months account of 5k minimum locked in
Fees and charges
S$5 monthly service fee; waived with a minimum average daily balance of S$5,000
S$30 early account closure fee, if the account is closed within 6 months of opening
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Old 02-08-2020, 07:29 PM   #89
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My allocation:
CIMB fast saver - $100k
RHB hysa+ - $200k (under 2 accounts)
UOB one - $75k
Maybank iSavvy - $50k (got to transfer it out by mth end)

The above are the fluid ones, i maxed out SSB trenches under 2 names liao - locked in at low 2% for 10-yr yield some time back.
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Old 03-08-2020, 12:24 AM   #90
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Anyway just to share, posb FD 10/11mths @ 1.1% up to $49999. Save some headache with interests updating during this covid period

Sent from Xiaomi REDMI NOTE 9 PRO using GAGT
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