[yongsaver]

Squaredot wrote:

nay, just share good lobangs here before closing date lah
If people want to say u hao lian, now they also can say u

Btw where is the bond desk u submitted your application?

bank interest rates for depositors is indeed moving at tortise rate

mine was phillip.....

[Squaredot]

yongsaver wrote:

mine was phillip.....

thanks
10char

[yongsaver]

say too much about bonds liao...back to our boring FD...

[lkhwee]

yongsaver wrote:

yep. kanna 1 lot. got to fill in form also when pass check to bond desk people...

understand price went up liao.

how to jio bro...if jio,...people might say i hao lian or what.

actually forced by circumstance,..bank rates still low tho rising. also DBS maciam gold standard for banks here...so buy 1 lot. also tikam tikam not sure can get as understand offer was super hot.

need to pay commission?

[yongsaver]

lkhwee wrote:

need to pay commission?

the comms for bonds is already worked in the spread. i.e. for new issue bonds, instead of selling u at 100 (par), they sell u at 100.25 each. no other fees to pay.

[bobobob]

yongsaver wrote:

the comms for bonds is already worked in the spread. i.e. for new issue bonds, instead of selling u at 100 (par), they sell u at 100.25 each. no other fees to pay.

Which broker is that?

[K202020K]

bobobob wrote:

Which broker is that?

The broker is the one mentioned in an above, earlier post lah.

[leoch037]

bonds is riskier that FDs
that's y it pays higher interest

[Urbanchap]

I'm planning to split my FD funds in half and place to 2 banks, as the depo insurance is only $50K per customer per bank. Shortlisted CIMB as their rate not only attractive, but also fully online and no strings attached like fall below fee, minimum spend etc.

Any recommendation for another bank to look at? I prefer to just rollover my FD instead of transferring to another bank when FD matures. So those with record of competitive rates is preferred.

[foxer77]

Urbanchap wrote:

I'm planning to split my FD funds in half and place to 2 banks, as the depo insurance is only $50K per customer per bank. Shortlisted CIMB as their rate not only attractive, but also fully online and no strings attached like fall below fee, minimum spend etc.

Any recommendation for another bank to look at? I prefer to just rollover my FD instead of transferring to another bank when FD matures. So those with record of competitive rates is preferred.

Dump into SSB saving the trouble of renewing for 10 year. If year to come got higher rate then draw out the funds.

[luckygal]

Urbanchap wrote:

I'm planning to split my FD funds in half and place to 2 banks, as the depo insurance is only $50K per customer per bank. Shortlisted CIMB as their rate not only attractive, but also fully online and no strings attached like fall below fee, minimum spend etc.

Any recommendation for another bank to look at? I prefer to just rollover my FD instead of transferring to another bank when FD matures. So those with record of competitive rates is preferred.

Hong Leong?
RHB?

[yongsaver]

foxer77 wrote:

Dump into SSB saving the trouble of renewing for 10 year. If year to come got higher rate then draw out the funds.

agree. but operation "dump" will prob take a few months to complete...

[maumu]

foxer77 wrote:

Dump into SSB saving the trouble of renewing for 10 year. If year to come got higher rate then draw out the funds.

yongsaver wrote:

agree. but operation "dump" will prob take a few months to complete...

actually that's my plan as well. going to try to max the allotment over 6 consecutive months (currently at 3 months) and then just collect the coupons every month for the next 10 years.

[foxer77]

yongsaver wrote:

agree. but operation "dump" will prob take a few months to complete...

last month allocation was 40k per head count. So this month should be likely the same if u r cash rich to dump it in.

SSB Max at 100k. ~3 to 5 month will complete.

[Urbanchap]

foxer77 wrote:

Dump into SSB saving the trouble of renewing for 10 year. If year to come got higher rate then draw out the funds.

FD is in addition to SSB.
I'm more than half-way thru my dumping