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Lastest S$ Deposit updates - Part 3

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Old 05-08-2018, 07:12 PM   #2041
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I noticed there is a 2.5 % p.a. for USD deposit promotion offered by DBS plus a SGD 25?firex rebate. Looks attractive. Anyone eyeing it or has any views ?
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Old 06-08-2018, 11:44 AM   #2042
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me use cimb fd 1.75 1 yr. faster to do online ^^
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Old 06-08-2018, 09:53 PM   #2043
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Today's Fed Funds Rate Is 2.0 Percent. The current federal funds rate is 2.0 percent. ... The fed funds rate controls short-term interest rates. These include banks' prime rate, the Libor, most adjustable-rate and interest-only loans, and credit card rates.Jun 14, 2018

banks take your 1.75%, loan out to singdollar assets at 3.5% to 5%.
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Old 06-08-2018, 11:17 PM   #2044
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banks take your 1.75%, loan out to singdollar assets at 3.5% to 5%.
Guvment take your 2.5% mandatory CPF savings, invest through sovereign wealth fund(s) for a rate of return of more than 8%.
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Old 07-08-2018, 07:16 AM   #2045
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Maybank offering 1.65% >200K, SCB Esaver is 1.6%, similar to HSBC Premier. Anything better?
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Old 07-08-2018, 05:16 PM   #2046
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I noticed there is a 2.5 % p.a. for USD deposit promotion offered by DBS plus a SGD 25?firex rebate. Looks attractive. Anyone eyeing it or has any views ?
Ah Neh bank always have the best deal for USD Fixed Deposits lah hahaha!

https://www.sbising.com/TD_promotions

PS: Please do not ask Ah Neh, Ah Tiong or Bolehland banks safe or not. Many SSI torpedos on standby ok!
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Last edited by Mr.Canberra; 07-08-2018 at 05:19 PM..
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Old 07-08-2018, 05:48 PM   #2047
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Maybank offering 1.65% >200K, SCB Esaver is 1.6%, similar to HSBC Premier. Anything better?
Maybank not 1.55%?
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Old 07-08-2018, 07:13 PM   #2048
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Maybank not 1.55%?
https://www.maybankpremierwealth.com...s-account.html
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Old 07-08-2018, 08:33 PM   #2049
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I am amazed at the charges for this prestige savings account. They charge for funds transfer into the account and transfer out from the account. Lol.
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Old 07-08-2018, 11:28 PM   #2050
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Best Savings Account

Here's a comparison of some of the most competitive savings accounts in Singapore at the moment:
https://therantingpanda.com/2018/08/...-your-savings/
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Old 08-08-2018, 02:49 PM   #2051
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I am amazed at the charges for this prestige savings account. They charge for funds transfer into the account and transfer out from the account. Lol.
You are amazed? .... 哈哈,and I'm not surprised at all .... sheer arrogance at the top yo.
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Old 08-08-2018, 02:53 PM   #2052
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I am amazed at the charges for this prestige savings account. They charge for funds transfer into the account and transfer out from the account. Lol.
i dun understand why u said got charges for funds transfer... i used to have this prestige account and did some FAST transfer, they didnt charge anything...

only my last $10 seems not able to transfer out...
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Old 08-08-2018, 02:56 PM   #2053
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ICBC FD is highest at 1.95% for 12 month?

https://www.icbc.com.cn/ICBC/%E6%B5%...tpromotion.htm
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Old 08-08-2018, 03:02 PM   #2054
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ICBC FD is highest at 1.95% for 12 month?
regret putting in GE for 3 years for 2.05% zzzz
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Old 08-08-2018, 03:36 PM   #2055
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ICBC FD is highest at 1.95% for 12 month?

https://www.icbc.com.cn/ICBC/%E6%B5%...tpromotion.htm
For this promo you have to maintian 10% of fd amount in their current account. For eg, if you put $50k into fd, you need to have at least $5k in their current account.
base on $50k+$5k in fd/current account, interest for 12 months = 50,000 x 1.95% = $975
for the same amount of money ($55k) based on the previous 1.85% (online fd), the interest for 12 months = 55,000 X1.85% = $1017.50
Conclusion: the previous promo of online fd @1.85% is higher than the new 1.95% promo, that's the reason why i never consider MayBank as they are the one who started this kind of condition.
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