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Lastest S$ Deposit updates - Part 3

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Old 24-01-2019, 01:42 PM   #2896
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what was the interest for that tier previously?
was there any announcement? or was the change just sneaked in?
Was 2.2%. I happen to see this new tier when I log in my bank and earn. I don’t receive any email Nor sms of the change. Shall see what the final number when salary is credited end of the week. Btw my is salary + credit card + invest.

Last edited by Newmaxi; 24-01-2019 at 01:45 PM..
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Old 24-01-2019, 02:37 PM   #2897
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Was 2.2%. I happen to see this new tier when I log in my bank and earn. I don’t receive any email Nor sms of the change. Shall see what the final number when salary is credited end of the week. Btw my is salary + credit card + invest.
actually if you refer to https://www.dbs.com.sg/iwov-resource...gramme_FAQ.pdf
it's still 2.2% for your tier.
1.9% is sal + 1 cat
https://www.dbs.com.sg/personal/landing/dbs-multiplier/
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Old 24-01-2019, 03:36 PM   #2898
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actually if you refer to https://www.dbs.com.sg/iwov-resource...gramme_FAQ.pdf
it's still 2.2% for your tier.
1.9% is sal + 1 cat
https://www.dbs.com.sg/personal/landing/dbs-multiplier/

Oops. Tks for pointing it out
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Old 24-01-2019, 11:30 PM   #2899
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Today opened FD accounts through online at CIMB... 40K SGD for 12 months (1.9%). 10K USD 12 months (3.05%) .
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Old 25-01-2019, 08:40 AM   #2900
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Hi.. anyone can advise which FD to go if got 100k?

Tia
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Old 25-01-2019, 09:06 AM   #2901
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Hi.. anyone can advise which FD to go if got 100k?

Tia
Bank of China 6 + 6 months?
$80k-$149k @ 1.93 pa.
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Old 25-01-2019, 09:16 PM   #2902
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Hi.. anyone can advise which FD to go if got 100k?

Tia
Consider SBI (State bank of india) gives 1.95% p.a
ICBC gives 1.98% p.a (only online )
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Old 25-01-2019, 09:45 PM   #2903
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Ok

This kind of fixed D is zero risk right?

Tks

Bank of China 6 + 6 months?
$80k-$149k @ 1.93 pa.
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Old 25-01-2019, 09:45 PM   #2904
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Ok will go see see

Consider SBI (State bank of india) gives 1.95% p.a
ICBC gives 1.98% p.a (only online )
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Old 26-01-2019, 01:42 PM   #2905
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Hi.. anyone can advise which FD to go if got 100k?

Tia
Try https://sgfd.neocities.org/
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Old 26-01-2019, 06:45 PM   #2906
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Try liao say maybank td offer 2.05.

So if 100k meaning the safer direction is 100k put 2 person so 50k each right? So worst scenario sdic will cover right?

Tia

Try https://sgfd.neocities.org/
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Old 26-01-2019, 11:16 PM   #2907
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Want to ask fellow edmw...why need to be so concerned about SDIC 50k limit?

Has there ever been cases when SDIC had to step in because bank collapse, exclude great recession in 2008+?

If park money in FD above 50k with reputable or government-backed/state banks with good rated assets, whats the risk and what's MAS guideline in terms of getting our money back for foreign banks if they fail?

If risk is low, why be so concerned about 50k SDIC limit?
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Old 27-01-2019, 10:29 AM   #2908
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Try liao say maybank td offer 2.05.

So if 100k meaning the safer direction is 100k put 2 person so 50k each right? So worst scenario sdic will cover right?

Tia
Well technically the overall interest earned with the 2.05% promotion will be less because Maybank requires that you place at least 10% of the FD amount in a savings account that earns 0.1875% pa (up to $50k). For the interest return I would say the 2.00% pa promotion is better.

https://info.maybank2u.com.sg/promot...isavvy-td.aspx

And I agree with xiaonajia that usually we don't need to worry about SDIC coverage particularly with big banks such as Maybank. Maybank is one of the domestic systemically important banks designated by MAS. Aka "too big to fail"? But also subject to more supervisory measures and capital requirements.

In addition, SDIC coverage is going up to $75k per person per bank in April.
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Old 27-01-2019, 12:27 PM   #2909
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Want to ask fellow edmw...why need to be so concerned about SDIC 50k limit?

Has there ever been cases when SDIC had to step in because bank collapse, exclude great recession in 2008+?

If park money in FD above 50k with reputable or government-backed/state banks with good rated assets, whats the risk and what's MAS guideline in terms of getting our money back for foreign banks if they fail?

If risk is low, why be so concerned about 50k SDIC limit?
some ppl r just super paranoid.. if u have elderly parents or relatives you should understand.. some of them are very scared of seeing just a digit in their bankbook, scared bank never update their passbook etc and so on..

some ppl can even say SSB is not safe even though is government guaranteed. becuase the government owe big debts due to investments not doing welll and need money (?????????????)

but never say never though.. lehman brothers was also thought to be too big to fail back then..
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Last edited by havetheveryfun; 27-01-2019 at 12:30 PM..
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Old 27-01-2019, 11:00 PM   #2910
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always dun hv to worry until something happens, ultimately own decision and blame no one else when such things happen
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