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Lastest S$ Deposit updates - Part 3

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Old 09-07-2018, 09:33 AM   #1861
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i've invested in SDs before for a 5 year period. to be honest, your returns are a matter of luck i.e. when you put it in.

i invested a sizeable amount in 2014 when the interest rate was really high at 3.75%. from 2015 to 2017 interest rates plunged really low, while i still enjoyed average returns of about 3% or so.

the bank kinda realised they were losing money in the 4th year and terminated that tranche at the end of the 4th year and returned my principal with my returns up till year 4. not too bad i must say.

but i gotta say that now is not a good time to put SD yet...interest rates might still go up
those 5 years and banks can terminate after 4 years type is ok....but the ocbc one can terminate after 1st year,..really shitty if interest rate falls,...people want to lock in long term and you got option to terminate after 1st year.
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Old 09-07-2018, 09:38 AM   #1862
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http://info.maybank2u.com.sg/persona...eposit-t3.aspx

if really invest in SD, Maybank one is superior to ocbc....terminate only after end of year 4.
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Old 09-07-2018, 10:19 AM   #1863
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Are the declared interest rate for SD guaranteed ? Both the OCBC and Maybank mention capital protection if hold till maturity or bank termination. Nothing mentioned about interest.
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Old 09-07-2018, 10:34 AM   #1864
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Are the declared interest rate for SD guaranteed ? Both the OCBC and Maybank mention capital protection if hold till maturity or bank termination. Nothing mentioned about interest.
i think not gtd,...but one can safely assume they will not deviate too much from the stated rates unless its tied to some specific investment event.
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Old 09-07-2018, 01:57 PM   #1865
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This is what we know as at today as far as 1 year FD goes

No 1: ICBC 1.85% p.a.
No 2: CIMB 1.8% p.a.


Rest of the banks,...please dont be shy and pls try harder...
i would go for this than the 2%+ lock in some SD for more than a year... SD got hidden clause.. they terminate u ok for them but if u terminate them u lugi... somemore not insured by SDIC... they think customers are stupiak
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Old 09-07-2018, 06:25 PM   #1866
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Are the declared interest rate for SD guaranteed ? Both the OCBC and Maybank mention capital protection if hold till maturity or bank termination. Nothing mentioned about interest.
when you sign up, the interest rate will be fixed and guaranteed if the bank doesn't cancel the sd.

if you think you have locked on a high interest rate and should the interest rate fall in later years, the bank can terminate the sd at their discretion and issue a new tranche based on prevailing rate.
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Old 09-07-2018, 10:35 PM   #1867
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when you sign up, the interest rate will be fixed and guaranteed if the bank doesn't cancel the sd.

if you think you have locked on a high interest rate and should the interest rate fall in later years, the bank can terminate the sd at their discretion and issue a new tranche based on prevailing rate.
Means the bank eat people lah .... no wonder every year profit up one
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Old 10-07-2018, 04:49 PM   #1868
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Not sure if this has been shared
http://singapore.icbc.com.cn/ICBC/%E...tpromotion.htm

Have options for Step-up FD, Bundle FD, and regular FD
old horse likes this.
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Old 10-07-2018, 05:25 PM   #1869
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Not sure if this has been shared
http://singapore.icbc.com.cn/ICBC/%E...tpromotion.htm

Have options for Step-up FD, Bundle FD, and regular FD
i calculate left, i calculate right,...their simple 1.85% p.a. 1 year FD still best among all the options..
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Old 11-07-2018, 12:27 PM   #1870
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If want flexibility in tenure, perhaps the ICBC Step-Up FD is also a good option.
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Old 11-07-2018, 01:33 PM   #1871
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Why banks like RHB like not rivaling with the likes of CIMB, ICBC etc.?
Seems like they're flushed with abundant money yo .... Lol ....
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Old 11-07-2018, 05:46 PM   #1872
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If want flexibility in tenure, perhaps the ICBC Step-Up FD is also a good option.
Agree, good deal if want flexibility. Good info, thank you.

I am thinking of switching my SC 2 month FD to this when it mature in end July as I don't want to be lock down for 12 month. Hope by them the promo is still available.
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Old 11-07-2018, 05:54 PM   #1873
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is cheque at counter the only way to place FD at ICBC?
i vaguely remember some Internet banking cant FAST to ICBC or something like that.
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Old 11-07-2018, 07:05 PM   #1874
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is cheque at counter the only way to place FD at ICBC?
i vaguely remember some Internet banking cant FAST to ICBC or something like that.
My experience is that I could not fast to ICBC from HSBC but could from POSB on a weekend.
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Old 12-07-2018, 12:24 AM   #1875
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The icbc SGD Step-Up Fixed Deposit not bad also
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