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Lastest S$ Deposit updates - Part 3

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Old 23-08-2019, 10:39 AM   #3616
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Having been with almost all full banks in SG, agree with everything said about Citibank, w/d everything with them many years back and never look back, only still maintain 1 CC for miles.

HSBC: Products still ok, but had bad experience, took them almost 3 months to rectify a simple issue and only after ending ALL relationships with them, then they rectified the issue. Long story short: inexperienced RM gave wrong info on promo resulting in interest loss, complained in various formats - email, call centre and even branch. And the so-call branch VP was giving all kinds of silly excuses to prolong the bad experience. Even when terminate HSBC CC, took 30min to speak to someone from their call centre and was told an SMS confirmation will be sent within 3 days which never happen!

SCB: not perfect, but for me so far, they are quite on the ball when feedback to them on their poor service or mistakes, of course, must get to speak to the right people.

BOC: "Incredible" customer service and outdated website! If you don't know Mandarin, you MUST try calling their call centre to ask anything on their products and experience for yourself!

CIMB: fuss-free online accounts, call centre staff are knowledgeable in their products and services, so far, not bad! Cancelled CC after they changed the t&c many years ago.

MB and ICBC: went down to branch to open FD, took almost 1h to complete everything, but just one time effort, shall see how they fare in future.

RHB: used to be my fave coz got free drink machine, haha, and higher IR! but left them when they took machine away and also changed the IR for their TRIO acct. Now it is just another foreign bank with some surprising promo from time to time.

SBI: staff at branch will not be interested to serve you at all, don't even know why they were hired to stand there talking to each other only! Only nice thing is coffee machine

Local banks: products-wise, nothing fantastic. DBS service is better. UOB One account and CC is still ok, but OCBC really CMI

My two cents worth of comments on all these banks
Thanks for everything, mostly agree for everything, DBS and CIMB call center still the best, while UOB and OCBC not bad.
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Old 23-08-2019, 02:31 PM   #3617
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This not bad for those looking for short duration FD.

https://www.cimbbank.com.sg/en/perso...FUNIKwodzrkJGQ
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Old 24-08-2019, 01:05 AM   #3618
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This not bad for those looking for short duration FD.

https://www.cimbbank.com.sg/en/perso...FUNIKwodzrkJGQ
this looks good, considering this and maybank isavvy and maybank fixed deposit once my fixed deposit ends.
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Old 26-08-2019, 07:21 AM   #3619
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This not bad for those looking for short duration FD.

https://www.cimbbank.com.sg/en/perso...FUNIKwodzrkJGQ
Just a quick question: there is WWFD-i account where the interest is paid upfront. How do we apply for that?
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Old 26-08-2019, 11:42 AM   #3620
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Just renew my FD with HL Bank for 1.9% for 12 months. Need to place more than 50k to enjoy 1.9% though.
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Old 26-08-2019, 02:10 PM   #3621
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Just a quick question: there is WWFD-i account where the interest is paid upfront. How do we apply for that?
it's the why wait fixed deposit

https://www.cimbbank.com.sg/en/personal/forms/accounts/cimb-why-wait-fixed-deposit.html#!
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Old 26-08-2019, 09:48 PM   #3622
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May I know what is the best FD rate now? TIA

Last edited by android; 26-08-2019 at 09:55 PM..
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Old 26-08-2019, 10:42 PM   #3623
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May I know what is the best FD rate now? TIA
depends how long you are intending to put. for 3 months currently best is CIMB 1.7% , for 9 months you can consider Maybank or for 1 year you can put ICBC at 1.9%. correct me if i'm wrong?
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Old 27-08-2019, 05:58 AM   #3624
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May I know what is the best FD rate now? TIA
maybank still the best for fd till now
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Old 28-08-2019, 09:35 PM   #3625
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be aware hor.

MB's 2.1% for 9 months FD essentially returns u 1.9+% p.a. nia.

Example 100K FD and 10K Savings:

100K @ 2.1% p.a. for 9 months = 1575
10K @ 0.1875% p.a. for 9 months = 14.06
total = 1589
9 months interest for 110K convert to p.a. = 1.926% nia.

not much diff even if use different savings account that give slightly more interest such as youngstarz or privilege plus

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Old 28-08-2019, 09:58 PM   #3626
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be aware hor.

MB's 2.1% for 9 months FD essentially returns u 1.9+% p.a. nia.

Example 100K FD and 10K Savings:

100K @ 2.1% p.a. for 9 months = 1575
10K @ 0.1875% p.a. for 9 months = 14.06
total = 1589
9 months interest for 110K convert to p.a. = 1.926% nia.

not much diff even if use different savings account that give slightly more interest such as youngstarz or privilege plus

thank you for your calculation bro, but I feel it's quite good 1.926% for 9 months for those who don't like to have too much risk. or do you have any good suggestion currently? thanks in advance
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Old 28-08-2019, 10:06 PM   #3627
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thank you for your calculation bro, but I feel it's quite good 1.926% for 9 months for those who don't like to have too much risk. or do you have any good suggestion currently? thanks in advance
yep. can collect the 1575 upfront some more.

general consensus is interest rate is coming down but with the recent run up of the USD against SGD, it becomes harder to say.

thats why my troops are currently camped at e-saver and MB issavy hills.
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Old 29-08-2019, 12:28 AM   #3628
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be aware hor.

MB's 2.1% for 9 months FD essentially returns u 1.9+% p.a. nia.

Example 100K FD and 10K Savings:

100K @ 2.1% p.a. for 9 months = 1575
10K @ 0.1875% p.a. for 9 months = 14.06
total = 1589
9 months interest for 110K convert to p.a. = 1.926% nia.

not much diff even if use different savings account that give slightly more interest such as youngstarz or privilege plus

why banks cant be more upfront and honest about their interest, always chut patterns like this to confuse unsuspecting customers and elderlies
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Old 29-08-2019, 09:06 AM   #3629
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why banks cant be more upfront and honest about their interest, always chut patterns like this to confuse unsuspecting customers and elderlies
currently maybank rate still the best
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Old 29-08-2019, 03:54 PM   #3630
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currently maybank rate still the best
I assume there's a catch somewhere. It's no longer the bank that I used to know. Too many ex-DBS bankers insai?
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