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Lastest S$ Deposit updates - Part 3

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Old 13-02-2019, 09:02 PM   #2956
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Old 13-02-2019, 10:28 PM   #2957
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this is min $80k if i am not wrong
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Old 14-02-2019, 11:17 PM   #2958
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80 to 100k still not so bad. Make it a joint account and you’re insured.
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Old 15-02-2019, 01:44 AM   #2959
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Maybank 2% and scb 1.9% are always better than 1.9-2% 6-12mths FD as u'll be compounding interest+base monthly, unless interest rate drop

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Old 15-02-2019, 10:18 AM   #2960
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the fd interest likely to increase next month anot
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Old 15-02-2019, 10:32 AM   #2961
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I just signed for this. Every 3 months got the option to take principal and interest out. So at least the flexibility is there. If keep for 12 months..1.95% effective interest. But most probably I will relook every 3 months to see if there are better offers anywhere.
not looking at citibank maxigain? getting > 2% and interest can withdraw every month?
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Old 15-02-2019, 12:22 PM   #2962
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Where was this posted? Can't find this on their website.
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Old 15-02-2019, 12:23 PM   #2963
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Where was this posted? Can't find this on their website.
face book 1
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Old 15-02-2019, 12:25 PM   #2964
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Maybank 2% and scb 1.9% are always better than 1.9-2% 6-12mths FD as u'll be compounding interest+base monthly, unless interest rate drop

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Maybank is 24month?

SCB can switch directly between 2 eSavers when promotion ends?
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Old 15-02-2019, 12:42 PM   #2965
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Maybank is 24month?

SCB can switch directly between 2 eSavers when promotion ends?
For your SCB question, I switch from SCB to another bank before transferring back to SCB.

There was one instance where i go to the bank branch and withdraw the money from account 1 and then deposit to account 2 at same time.
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Old 15-02-2019, 04:25 PM   #2966
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Maybank is 24month?

SCB can switch directly between 2 eSavers when promotion ends?
Maybank isavy savings account currently have 1.9-2% for the months of jan-feb, works similarly to scb esaver. Might be a little too late now since left 1/2 month. Probably monitor if there's any new rates for march onwards


By right no. By left, try it yourself I shan't say more haha

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Last edited by Devilsire; 15-02-2019 at 04:27 PM..
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Old 15-02-2019, 10:52 PM   #2967
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not looking at citibank maxigain? getting > 2% and interest can withdraw every month?
Yup i already have maxigain. Do have a sum of money there and i think the interest there is quite good, so I don't intend to draw any money from there as it will cause the interest to drop. So I intend to just let it grow there.
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Old 16-02-2019, 11:28 PM   #2968
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Yup i already have maxigain. Do have a sum of money there and i think the interest there is quite good, so I don't intend to draw any money from there as it will cause the interest to drop. So I intend to just let it grow there.
Start the 2nd account under your spouse/parents/siblings name and you as joint account so you still access to the fund.

Last edited by K_E_N_L_A_W; 17-02-2019 at 05:04 PM..
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Old 17-02-2019, 06:57 PM   #2969
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Start the 2nd account under your spouse/parents/siblings name and you as joint account so you still access to the fund.
Haha all have already. So yup..hence the next best I see is icbc for now.
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Old 18-02-2019, 05:40 AM   #2970
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Maybank 2% and scb 1.9% are always better than 1.9-2% 6-12mths FD as u'll be compounding interest+base monthly, unless interest rate drop

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How to tell whether a FD is compounding or simple interest?
Or is it all FD are simple interest, only maybank and scb are compounding?

Not that it matters alot but always good to have more $$ vs time
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