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Lastest S$ Deposit updates - Part 1

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Old 03-01-2013, 07:23 PM   #1546
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CIMB StarSaver: this is the highest interest saving account?

How's the internet banking facility? easy to use and fast for transfers to other bank account?
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Old 03-01-2013, 07:48 PM   #1547
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It's 100% principal guaranteed right
Right below the Features part CIMB states this paragraph, so we can assume it is:

Deposit Insurance Scheme
Singapore dollar deposits of non-bank depositors and monies and deposits denominated in Singapore dollars under the Supplementary Retirement Scheme are insured by the Singapore Deposit Insurance Corporation, for up to S$50,000 in aggregate per depositor per Scheme member by law. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured.
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Old 03-01-2013, 10:13 PM   #1548
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Maybank also offers interest upfront frequently.


It's just a normal fixed deposit account. Interest upfront because its a Muslim type of banking fd, if I'm not wrong, it's their way of calculation. Still the sae amount of interest rate if hold till maturity.
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Old 03-01-2013, 10:15 PM   #1549
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Its true lah...

looks too good to be true!
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Old 03-01-2013, 10:19 PM   #1550
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fixed deposits are capital / principal guaranteed.

when bank collapses, you have $50,000 insured, but i guarantee u CIMB will not collapse 12 months from now! CIMB and Maybank are Malaysia leading banks, and well supported by the M'sia government.


It's 100% principal guaranteed right
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Old 05-01-2013, 01:34 PM   #1551
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Stanchart has changed the rates for the Step-Up Time Deposits. The highest rate is now 2.58% pa, up from 2.5% pa, but it is only applicable for the 34th to 36 month. Overall the effective rate for 3 years is down from 1.5% pa to 1.42% pa. Minimum $10k fresh funds, offer till 15 Feb.

Personal Banking - Deposits - Step Up Time Deposit - Standard Chartered Bank Singapore
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Old 05-01-2013, 03:38 PM   #1552
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Overall the effective rate for 3 years is down from 1.5% pa to 1.42% pa. Minimum $10k fresh funds, offer till 15 Feb.

Personal Banking - Deposits - Step Up Time Deposit - Standard Chartered Bank Singapore

The gold plated welcome gift-coin don't know worth how much,

if > S$70.5 then its a better deal than last year.
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Old 06-01-2013, 09:16 AM   #1553
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for cimb account, when you create a fixed deposit account, the interest is credited into the cimb savings account right? does the savings account need to be 1k to earn the 0.8% interest when you put in $100 or above per month?
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Old 06-01-2013, 11:23 PM   #1554
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for cimb account, when you create a fixed deposit account, the interest is credited into the cimb savings account right? does the savings account need to be 1k to earn the 0.8% interest when you put in $100 or above per month?
kinda confusing. i assuming u are saying abt e cimb savings account? interest is 0.8% per annum if u put in at least $100 a month. Eg 1st mth 1.1k, 2nd mth 1.2k . Interest will be credited to the account at the end of the month.
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Old 07-01-2013, 09:04 AM   #1555
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Hmm I am referring to the fixed deposit As once you create a account, another savings account will be created to put the interest in directly so I am wondering whether that savings account that was created to put the interest in needs to be 1k and above requirement to enjoy the 0.8% savings
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Old 07-01-2013, 09:13 AM   #1556
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Hmm I am referring to the fixed deposit As once you create a account, another savings account will be created to put the interest in directly so I am wondering whether that savings account that was created to put the interest in needs to be 1k and above requirement to enjoy the 0.8% savings
ah, that will either be e step up fd or why wait fd.

Yes, u still have to maintain min 1k in that savings acct & the monthly $100 contribution to enjoy e 0.8% per annum interest.
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Old 07-01-2013, 09:39 AM   #1557
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ah, that will either be e step up fd or why wait fd.

Yes, u still have to maintain min 1k in that savings acct & the monthly $100 contribution to enjoy e 0.8% per annum interest.
ooh ok thanks
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Old 07-01-2013, 02:54 PM   #1558
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Link: OCBC - Lunar New Year Deposit Promotion 2013

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Old 07-01-2013, 08:11 PM   #1559
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Stanchart has changed the rates for the Step-Up Time Deposits. The highest rate is now 2.58% pa, up from 2.5% pa, but it is only applicable for the 34th to 36 month. Overall the effective rate for 3 years is down from 1.5% pa to 1.42% pa. Minimum $10k fresh funds, offer till 15 Feb.

Personal Banking - Deposits - Step Up Time Deposit - Standard Chartered Bank Singapore
I'm comparing this with the OCBC 1.8%, this seems better but a longer term, still worth it..
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Old 07-01-2013, 08:32 PM   #1560
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1.8% only applies to the third month. The other 2 months still remain as 0.4% rite?

Btw is the 0.4% per month a compound interest?
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