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Lastest S$ Deposit updates - Part 3

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Old 21-02-2019, 09:45 PM   #2986
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It seems ICBC deposit rates page is blank and I am not getting OTP from ICBC mobile banking. This seems like a 3rd world country bank. It took 2 hrs for them to open my account and their internet banking not reliable.
Its really third world ibanking...you have to use internet explorer and install some certs. But you won't be using it much after placing ur step up. I was able to place it immediately and otp is working... Did you enter your number correctly?
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Old 21-02-2019, 10:39 PM   #2987
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It seems ICBC deposit rates page is blank and I am not getting OTP from ICBC mobile banking. This seems like a 3rd world country bank. It took 2 hrs for them to open my account and their internet banking not reliable.
Wanted to do a USD fixed deposit in one branch. But was told when FD matured, they cant issue a USD cheque! I was stunned for a min. CSO told me nees go raffles to get the cheque.. And i left. Cant believe they make customer so inconvenient
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Old 21-02-2019, 10:40 PM   #2988
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Just did a SGD Time deposit at SBI branch. 2%
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Old 21-02-2019, 11:05 PM   #2989
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Sept 2018:
You said "perpetual" bond?
And just pay 3.98% p.a.?
Have you look at how much hair-cut or losses you will incur if you need to sell in open market?

Well, you could say that you don't want to sell, but there will always be time when you want or need to sell, like need money to do other things or invest in another much higher yielding assets perhaps?
Feb 2019:
Sold all my 3 bonds. Made about 3% in 5 months (coupons and cap gains). If put in FD lesser than 0.83% in 5 months (assume 2% p.a.)..

Now camping in Maybank isavvy waiting for the next kill...
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Old 22-02-2019, 12:10 AM   #2990
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Sept 2018:

Feb 2019:
Sold all my 3 bonds. Made about 3% in 5 months (coupons and cap gains). If put in FD lesser than 0.83% in 5 months (assume 2% p.a.)..

Now camping in Maybank isavvy waiting for the next kill...
why u sell??
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Old 22-02-2019, 09:19 AM   #2991
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Its really third world ibanking...you have to use internet explorer and install some certs. But you won't be using it much after placing ur step up. I was able to place it immediately and otp is working... Did you enter your number correctly?
Ok if is not going to be worst than BOC (the only bank i called in to cs to setup ibanking), i'll may probably join the queue and place some. not really looking towards it.
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Old 22-02-2019, 09:51 AM   #2992
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why u sell??
there are more bonds in the pipeline, lock in gains first.

these days,...there are more companies issuing bonds than getting listed (IPO).

the caveat is must know how to differentiate good apples from bad ones...
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Old 22-02-2019, 10:20 AM   #2993
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there are more bonds in the pipeline, lock in gains first.

these days,...there are more companies issuing bonds than getting listed (IPO).

the caveat is must know how to differentiate good apples from bad ones...
Hyflux.....
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Old 22-02-2019, 02:22 PM   #2994
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Can share more on how to buy bond with low fee? Must get min of $250k per transaction?

Sept 2018:

Feb 2019:
Sold all my 3 bonds. Made about 3% in 5 months (coupons and cap gains). If put in FD lesser than 0.83% in 5 months (assume 2% p.a.)..

Now camping in Maybank isavvy waiting for the next kill...
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Old 22-02-2019, 03:16 PM   #2995
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Its really third world ibanking...you have to use internet explorer and install some certs. But you won't be using it much after placing ur step up. I was able to place it immediately and otp is working... Did you enter your number correctly?
I dont get the OTP at all. I have registered my number correctly. I am able to do it using the token so it is okay.
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Old 22-02-2019, 07:45 PM   #2996
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Can share more on how to buy bond with low fee? Must get min of $250k per transaction?
bro...u may want to refer to bondsupermart for more info on the process...a good place to start..its literally a supermart of bonds.
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Old 22-02-2019, 10:23 PM   #2997
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How to know what bonds are in the pipeline?


there are more bonds in the pipeline, lock in gains first.

these days,...there are more companies issuing bonds than getting listed (IPO).

the caveat is must know how to differentiate good apples from bad ones...
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Old 22-02-2019, 10:40 PM   #2998
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Oh it is back, no more "NIL"

http://singapore.icbc.com.cn/ICBC/%e.../FixedDeposit/
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Old 22-02-2019, 11:11 PM   #2999
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I realized, my mobile sms authentication was disabled. I was able to place FD after coming home in the evening, using the token. I chose the step up 1 yr max 2.1% effective 1.95% FD.

I dont know why the website says NIL, but online banking has the FDs. Maybe they are making some updates but there was a bug while publishing.

The Singapore Savings Bond (SSB) also pays you similar returns and has a step up interest rate every year. The flexibility to withdraw the amount anytime without any penalty and the added safety of a sovereign bond makes it a better choice, I guess.
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Old 23-02-2019, 12:01 PM   #3000
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The Singapore Savings Bond (SSB) also pays you similar returns and has a step up interest rate every year. The flexibility to withdraw the amount anytime without any penalty and the added safety of a sovereign bond makes it a better choice, I guess.
I agree. It is just that the allocation is not guaranteed and in order to deploy like 140k it will take quite a few months. I also need to go and apply for CDP.

Edit: I just realized, CDP account can be opened online as well! So I just submitted the application online. Thanks for prompting!

Last edited by revhappy; 23-02-2019 at 01:19 PM..
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