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Lastest S$ Deposit updates - Part 3

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Old 03-05-2018, 09:16 AM   #1561
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closing at 10am. dont think got enough time already. unless u go to an ocbc branch maybe.
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Old 03-05-2018, 09:16 AM   #1562
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the deal has been sweetened ...
Hi itís oversubscribed right?. If still possible, please PM me
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Old 03-05-2018, 09:31 AM   #1563
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apologies for not responding to requests in time

this tranche is closing 10am today so not enough time

for those still interested, suggest to try at OCBC Bank Branch today (no extra sweeteners & no guarantee still offered)
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Old 03-05-2018, 01:22 PM   #1564
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see w w w.bloomberg.com/news/articles/2018-05-01/banks-scrambling-for-hong-kong-deposits-push-rates-as-high-as-3


Notwithstanding the missing element of China tech listings, how much of this scenario will pan out in the local scene ?
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Old 05-05-2018, 08:17 AM   #1565
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see w w w.bloomberg.com/news/articles/2018-05-01/banks-scrambling-for-hong-kong-deposits-push-rates-as-high-as-3


Notwithstanding the missing element of China tech listings, how much of this scenario will pan out in the local scene ?
If you ask me, I would say there's a very high probability of market price fixing on the local scene. In the past, banks were caught fixing the exchange rates of regional currency, sorry I forget the exact details but you can find out more online.

Last edited by K202020K; 05-05-2018 at 03:22 PM..
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Old 05-05-2018, 05:42 PM   #1566
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Bangkok bank still highest so far at 1.6%, but it is close on weekends, no time to open account.

Next is sbi ahneh favourite bank at 1.55%

Next next is bank china at 1.5%

Pittance when we have ssb and sgs, what are our banks doing sian..
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Old 05-05-2018, 09:30 PM   #1567
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Bangkok bank still highest so far at 1.6%, but it is close on weekends, no time to open account.

Next is sbi ahneh favourite bank at 1.55%

Next next is bank china at 1.5%

Pittance when we have ssb and sgs, what are our banks doing sian..
Maybank 1.65
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Old 05-05-2018, 09:42 PM   #1568
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'is it the put 1k in savings account and can put $10k in FD' thingy?

effectively the IR is less than that already...
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Old 06-05-2018, 12:26 AM   #1569
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All the excitement is with Singapore Savings Bonds now, but my Fixed Deposits Database is still updated. Please check out chuanz's interface:

https://sgfd.neocities.org/

Best rate for $25k 6 months: CIMB 1.35% pa
Best rate for $25k 12 months: ICBC (online) 1.47%
Compare SSB June 2018 1st year: 1.68% pa*

* if you only hold it for 3 or 6 or 9 months you still get the first year's rate. But after minusing $2 application and redemption fees it may not be worth it.

Best rate for $25k 24 months: Sing Investments & Finance 1.50% pa
Compare SSB June 2018 if held for 2 years: 1.91% pa

I can think of one reason to go for FDs - SSBs are getting heavily oversubscribed and you probably cannot buy as much as $25k.
Thanks for the updating, I like it.
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Old 06-05-2018, 09:45 AM   #1570
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'is it the put 1k in savings account and can put $10k in FD' thingy?

effectively the IR is less than that already...
Min $50k, saving account $10k.
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Old 06-05-2018, 11:19 AM   #1571
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Min $50k, saving account $10k.
Why they like to complicate things? Too free is it?
Just do the normal FD lah.
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Old 06-05-2018, 01:46 PM   #1572
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Why they like to complicate things? Too free is it?
Just do the normal FD lah.
They have the normal one too. 1.2%pa.
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Old 06-05-2018, 09:55 PM   #1573
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Min $50k, saving account $10k.
It should be min $50K, saving account $5K.

Thus you deposit $55K, you get $50K * 1.65% =$825 after 2nd days of your deposit date. Need not wait for a year.

$825/$55,000 * 100% = 1.5%

You may also get a small amount of interest at saving account $5K after a year.

Last edited by AppleiPhone; 06-05-2018 at 10:10 PM..
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Old 07-05-2018, 07:35 AM   #1574
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PLs PM me on GE
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Old 07-05-2018, 09:44 AM   #1575
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Pls pm on GE too
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