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Lastest S$ Deposit updates - Part 3

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Old 20-03-2019, 10:19 AM   #3076
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but if choose between fix deposits vs Singapore bonds vs endowment,which will you all choose?
if going for long (3 years or more):
1. SSB (10 years)
2. Endowment
3. FD

if short-term:
1. FD
2. SSB
3. Endowment

Personally feels that endowment plans are over-rated with a 3rd party (agents) gaining from you. but if the returns are higher than FD and term is short (like those 3 years kind), can consider...

above are my personal take, heh.
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Old 20-03-2019, 10:22 AM   #3077
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one question,open cdp account must pay anything?
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Old 20-03-2019, 10:26 AM   #3078
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one question,open cdp account must pay anything?
there is no fee charged.
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Old 20-03-2019, 10:55 AM   #3079
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where you see?
on boc sg fb feed and it says head to branch to find out more.
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Old 20-03-2019, 12:16 PM   #3080
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if going for long (3 years or more):
1. SSB (10 years)
2. Endowment
3. FD

if short-term:
1. FD
2. SSB
3. Endowment

Personally feels that endowment plans are over-rated with a 3rd party (agents) gaining from you. but if the returns are higher than FD and term is short (like those 3 years kind), can consider...

above are my personal take, heh.
Ah imo even short term SSB is good. The flexibility to withdraw plus with higher interest rate than FD, simply Beats it hands down

Last edited by LexusIS; 20-03-2019 at 01:51 PM..
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Old 20-03-2019, 01:13 PM   #3081
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one question,open cdp account must pay anything?
FOC
10char
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Old 21-03-2019, 01:19 AM   #3082
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First time heard withdraw funds on FD maturity need to pay bank a fee
True or not?
Unbelievable ....
If its the mat bank along Orchard Road
Then yes.
Withdrawal on full maturity is subjected to a $30 surcharge if instructions was set to "auto renewal"
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Old 21-03-2019, 03:26 AM   #3083
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if going for long (3 years or more):
1. SSB (10 years)
2. Endowment
3. FD

if short-term:
1. FD
2. SSB
3. Endowment

Personally feels that endowment plans are over-rated with a 3rd party (agents) gaining from you. but if the returns are higher than FD and term is short (like those 3 years kind), can consider...

above are my personal take, heh.
How about compare Endowment vs. Bonds (like the upcoming SIA retail bond) in terms of risk, time frame, and interest/ dividend?
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Old 21-03-2019, 01:25 PM   #3084
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How about compare Endowment vs. Bonds (like the upcoming SIA retail bond) in terms of risk, time frame, and interest/ dividend?
i'm no expert... but i feel it's all down to each person's risk appetite.

if it's just spare cash which you can afford to lose, retail bonds definitely will fare better.

but if one is risk adverse, afraid of incidents like what happened to hyflux, or near retirement, won't recommend retail bonds..

things can shift based on political situations too.
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Old 21-03-2019, 01:41 PM   #3085
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i'm no expert... but i feel it's all down to each person's risk appetite.

if it's just spare cash which you can afford to lose, retail bonds definitely will fare better.

but if one is risk adverse, afraid of incidents like what happened to hyflux, or near retirement, won't recommend retail bonds..

things can shift based on political situations too.
Agree. I would have chiong without hesitation previously. But seeing what happen to Hyflux a bit scared.
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Old 22-03-2019, 12:43 PM   #3086
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Ooh nice site. Self developed ?
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Old 22-03-2019, 06:14 PM   #3087
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If its the mat bank along Orchard Road
Then yes.
Withdrawal on full maturity is subjected to a $30 surcharge if instructions was set to "auto renewal"
You withdrew on the date of FD maturity?
But $30 fee is damn bloody greedy of the bank. Almost mercenary..
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Old 22-03-2019, 10:03 PM   #3088
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Ooh nice site. Self developed ?
chuanz did this website and coding but the underlying data is in a Google doc that I maintain
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Old 24-03-2019, 12:31 AM   #3089
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You withdrew on the date of FD maturity?
But $30 fee is damn bloody greedy of the bank. Almost mercenary..
Yes withdraw on exact day of FD maturity
Yet was slap with a $30 charge though I manage to get it waive after much efforts with the duty manager but this was totally uncalled for

No other banks or even financial institutions that I have encounter enforced such charges

For this its in my blacklist for good
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Old 24-03-2019, 09:57 AM   #3090
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chuanz did this website and coding but the underlying data is in a Google doc that I maintain
Thanks both,simple but great site.
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