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Lastest S$ Deposit updates - Part 3

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Old 28-04-2018, 07:17 PM   #1501
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can SIC the source pls ?

someone also mentioned it to me but forgotten where it was from

thanks


銀行吸資 港元定存息高見2厘
28/4/2018


拆息九連升 抽上1.3厘
香港銀行同業拆息(Hibor)周三全線上揚,其中一個月期拆息連升九個交易日,高見1.3厘,創近十年以來新高。

南洋商業銀行隨即推出港元定存優惠,十二個月期存息高見2厘,而且每月派息,起存金額新資金10萬元。
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Old 28-04-2018, 08:04 PM   #1502
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銀行吸資 港元定存息高見2厘
28/4/2018


拆息九連升 抽上1.3厘
香港銀行同業拆息(Hibor)周三全線上揚,其中一個月期拆息連升九個交易日,高見1.3厘,創近十年以來新高。

南洋商業銀行隨即推出港元定存優惠,十二個月期存息高見2厘,而且每月派息,起存金額新資金10萬元。
Details provided by the bank are somewhat different:

http://www.ncb.com.hk/nanyang_bank/p...eposit_eng.pdf
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Old 28-04-2018, 09:04 PM   #1503
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Details provided by the bank are somewhat different:

http://www.ncb.com.hk/nanyang_bank/p...eposit_eng.pdf

USD Fixed Deposit interest rates are slightly more than 2% at UOB and SCB.

Banks in Cambodia are giving 4 to 5% or slightly more for USD Fixed Deposit and are subject to 14% withholding tax 6% for residents and 14% for non residents.

Last edited by Tiger9119; 28-04-2018 at 09:09 PM..
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Old 29-04-2018, 01:17 AM   #1504
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can SIC the source pls ?

someone also mentioned it to me but forgotten where it was from

thanks
【好過買樓收租】美元定存一年期高見2.6厘

video: 港元定存掀加息潮南商一年期衝上2厘 全城最高

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Old 29-04-2018, 06:20 AM   #1505
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Details provided by the bank are somewhat different:

http://www.ncb.com.hk/nanyang_bank/p...eposit_eng.pdf


this pdf dated 5 apr, already outdated, latest is 2.08% for HKD for 12 months.

HKD peg likely to break in near future, once break, rate will surge.
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Last edited by fisherman33; 29-04-2018 at 06:24 AM..
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Old 29-04-2018, 10:01 AM   #1506
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this pdf dated 5 apr, already outdated, latest is 2.08% for HKD for 12 months.

HKD peg likely to break in near future, once break, rate will surge.
Looks like following the links from the bank's main web page didn't land me with the latest information then!

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Old 29-04-2018, 10:58 AM   #1507
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Looks like following the links from the bank's main web page didn't land me with the latest information then!

Operating in stealth mode to gain an advantage over their competitors lah.
Online rates are not in real time. Almost always lag behind the actual scenario in order to gain an edge with their latest move.

Better to call up and verify in order to be precise and certain.
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Old 29-04-2018, 11:57 AM   #1508
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this pdf dated 5 apr, already outdated, latest is 2.08% for HKD for 12 months.

HKD peg likely to break in near future, once break, rate will surge.
Actually, just to confirm understanding, if the peg breaks, HKD will depreciate to below 7.85 (8-something), which should relieve the pressure for it to follow US in raising rates. Logical investors are now selling HKD to buy USD to get better USD FD interest rates, and HKMA has to lap up the excess HKD on the market by paying out of its USD reserves.

So, once it breaks the peg, the interest rate can continue to stay low, which is needed for them to keep inflation from getting out of control (inflation there is about 4%+ even with 1%+ overnight in part due to property contributing 10%-12% a year).

Last edited by tamago_; 30-04-2018 at 01:07 PM..
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Old 29-04-2018, 05:24 PM   #1509
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Latest at 29/4 2pm: DBS and Nanyang Commercial Bank tied for top spot for 12-month FD

【食息族注意】5間銀行港元定存衝上2厘!睇下邊間最著數

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Last edited by tamago_; 29-04-2018 at 07:45 PM..
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Old 29-04-2018, 06:34 PM   #1510
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Latest at 30/4 2pm: DBS and Nanyang Commercial Bank tied for top spot for 12-month FD
~ but today is only 29.4.2018 yo
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Old 29-04-2018, 07:45 PM   #1511
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Latest at 30/4 2pm: DBS and Nanyang Commercial Bank tied for top spot for 12-month FD
~ but today is only 29.4.2018 yo
Oops 29/4 2pm. The timestamp on the article should be only a few hours before.
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Old 30-04-2018, 12:13 PM   #1512
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DBS is dam gian png in hk. But in SG is dam yaya papaya yo. Time to transfer my funds to hk banks.
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Old 30-04-2018, 05:59 PM   #1513
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Just sharing, while this is not a fixed deposit.

GE just launched a 5-year plan. 2.7% guaranteed returns and principal held to maturity.
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Old 30-04-2018, 06:11 PM   #1514
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Just sharing, while this is not a fixed deposit.

GE just launched a 5-year plan. 2.7% guaranteed returns and principal held to maturity.
Can use CPF to buy. Earn the extra 0.2% for the next 5 years yo.
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Old 30-04-2018, 06:32 PM   #1515
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Can use CPF to buy. Earn the extra 0.2% for the next 5 years yo.
Only cash and SRS.
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