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Lastest S$ Deposit updates - Part 3

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Old 28-03-2019, 11:11 AM   #3121
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Just a reminder that POSB Bonus Interest Account can be withdrawn from this 1 April 2019

https://www.posb.com.sg/iwov-resourc...-promo-tnc.pdf
Thanks for the reminder.

Do you have to make a physical withdraw or it will automatically close the Bonus Interest account and transfer all the balance in the account to your saving account ?
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Old 28-03-2019, 11:14 AM   #3122
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Thanks for the reminder.

Do you have to make a physical withdraw or it will automatically closed the Bonus Interest account and transfer all the balance in the account to your saving account ?
Automatic only happen end of April, your principal will be earning peanut interest from 1 Apr onwards. Withdraw on 1 Apr via FAST.
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Old 28-03-2019, 12:38 PM   #3123
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Yup. Physical withdraw on 1 apr better.

Interest will deposit into your reference account end of apr and bonus account will be closed automatically then
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Old 28-03-2019, 03:54 PM   #3124
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https://www.businesstimes.com.sg/ban...surance-policy

DEPOSIT insurance will rise to S$75,000 to give savers more protection in the event of bank or finance company failure.

Insurance policy owners who use their cars or homes to generate income will now also be protected should their insurer go under.

Depositors and insurance policy owners will enjoy such enhanced protection from April 1, 2019, said the Singapore Deposit Insurance Corporation (SDIC) on Thursday.
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Old 28-03-2019, 05:13 PM   #3125
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So if start a deposit before, still under the $75k after 1 April? Or must open after 1 April

https://www.businesstimes.com.sg/ban...surance-policy

DEPOSIT insurance will rise to S$75,000 to give savers more protection in the event of bank or finance company failure.

Insurance policy owners who use their cars or homes to generate income will now also be protected should their insurer go under.

Depositors and insurance policy owners will enjoy such enhanced protection from April 1, 2019, said the Singapore Deposit Insurance Corporation (SDIC) on Thursday.
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Old 28-03-2019, 09:38 PM   #3126
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Hi,

Anyone opened cimb FD a/c online recently?
I wish to check do I need have the funds in my fastsaver a/c first or can fast in from other bank after opening the FD a/c?
Thanks in advance.
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Old 29-03-2019, 08:58 AM   #3127
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So if start a deposit before, still under the $75k after 1 April? Or must open after 1 April
It doesn't matter when you start a deposit, can be a FD 2 years ago that you deposited for a 3 year term OR a new deposit that you started on say 10 April 2019.

Comes 1st April, the new limit of $75k will apply.
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Old 29-03-2019, 09:53 AM   #3128
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29 March ST Page B2 has advert
2.3% for 5 years 50K-100K

https://licsingapore.com/docs/PRODUC...EST_SMART3.pdf

Last edited by htc_user; 29-03-2019 at 09:56 AM..
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Old 29-03-2019, 01:40 PM   #3129
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Hi,

Anyone opened cimb FD a/c online recently?
I wish to check do I need have the funds in my fastsaver a/c first or can fast in from other bank after opening the FD a/c?
Thanks in advance.
I opened recently
You can fast in first or fast in later, it doesn't matter
CIMB will open a new account (fastsaver-i) for you to fast in, not your current fastsaver account.
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Old 29-03-2019, 02:01 PM   #3130
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29 March ST Page B2 has advert
2.3% for 5 years 50K-100K

https://licsingapore.com/docs/PRODUC...EST_SMART3.pdf
Just FYI, LIC is India based govt owned insurance company.
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Old 29-03-2019, 10:19 PM   #3131
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Why don't you guys try TBills? 1yr 2% and super safe.

I applied for the Singapore Savings Bond and managed to get some allocation. This month it was oversubscribed by almost 1.5 times and hence a small allocation.

Will have to keep trying till we reach the maximum limit.
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Old 29-03-2019, 10:25 PM   #3132
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29 March ST Page B2 has advert
2.3% for 5 years 50K-100K

Temasek retail bond fetches you almost similar yield for approx. 4.5 yrs and Temasek is AAA rated.
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Old 29-03-2019, 10:55 PM   #3133
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I applied for the Singapore Savings Bond and managed to get some allocation. This month it was oversubscribed by almost 1.5 times and hence a small allocation.

Will have to keep trying till we reach the maximum limit.
Me too, applied for the 1st time this month and got allocated the std 37.5k.

Is the FSM forum still up? I didn't find it, I thought it has been brought down.
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Old 30-03-2019, 09:38 PM   #3134
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Me too, applied for the 1st time this month and got allocated the std 37.5k.

Is the FSM forum still up? I didn't find it, I thought it has been brought down.
Same allocation for me too.

No, the FSM forum is gone.
revhappy likes this.
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Old 30-03-2019, 11:29 PM   #3135
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Hi silly question. I want to open an ICBC fixed deposit account.

Cos other than CIMB, my experience with other banks usually involve going down with my cashier's order from my matured FD and doing it the old fashioned way.

Is it possible to go down to the ICBC branch and just open an account with internet banking service and open a Step up/FD account with no $ initially and subsequently transfer in via FAST like i do with CIMB? As this time, i have no time to go take out cashier's orders from my other banks.
(granted CIMB can do everything via online, even the original 1k deposit via FAST into their fast saver).

Any help is appreciated.
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