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Lastest S$ Deposit updates - Part 3

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Old 03-10-2019, 05:37 PM   #3706
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Thanks. Quick calc for 22k, 20k in FD and 2k in savings using https://www.singapore-bank.net/fixed...st-calculator/

Interest earned on 20k at 2.10% p.a. for 9 mth = $315
Interest earned on 2k at 0.19% p.a. for 9 mth = $3

Total interest earned on 22k = $318 over 9 mth = ... um... p.a. how to calc?

For comparison using same calculator, (if got such product) SCB 9-mth 1.80% p.a. on 22k = $297
bro. me calculated this MB FD in my earlier posts lei.
for your example
take 318 / 9 = 35.33 per month interest.
take 35.33 x 12 = 424 per year interest.
divide 22K = 1.93% p.a. thereabouts.
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Old 04-10-2019, 08:46 AM   #3707
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bro. me calculated this MB FD in my earlier posts lei.
for your example
take 318 / 9 = 35.33 per month interest.
take 35.33 x 12 = 424 per year interest.
divide 22K = 1.93% p.a. thereabouts.
Thank you bro. Long thread didn't see your earlier post. :-P
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Old 05-10-2019, 06:47 PM   #3708
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MB issavy bonus interest credited today. like clockwork.
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Old 10-10-2019, 09:07 AM   #3709
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If i want to park money for 3 months, which bank can i go? 20k.
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Old 10-10-2019, 11:27 AM   #3710
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If i want to park money for 3 months, which bank can i go? 20k.
Maybank isavvy or cimb fixed deposit
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Old 10-10-2019, 05:17 PM   #3711
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Maybank isavvy or cimb fixed deposit
Thank you! I think i will go for cimb!
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Old 13-10-2019, 10:53 PM   #3712
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Bangkok Bank

Starting Monday, Oct 14, Bangkok Bank will reduce the FD interest rate for current customers from 2.15% to 1.95%. The minimum placement is $50,000. This promotion is only available for customers who already have FD account with the bank and wish to make new placements.

The minimum deposit for new customers is higher.

Last edited by hatisinga; 13-10-2019 at 10:55 PM.. Reason: Clarify the context of the post
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Old 16-10-2019, 09:48 PM   #3713
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Hi all, I chance upon rhb promotion - interest up to 2%. It is one of the highest banking account around. https://rhbgroup.com.sg/promotion/casa_retail.

Any thoughts? The terms and conditions seems harmless.
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Old 16-10-2019, 11:47 PM   #3714
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Hi all, I chance upon rhb promotion - interest up to 2%. It is one of the highest banking account around. https://rhbgroup.com.sg/promotion/casa_retail.

Any thoughts? The terms and conditions seems harmless.
Looks not bad. Can compete with Citibank maxigain
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Old 17-10-2019, 12:52 AM   #3715
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Hi all, I chance upon rhb promotion - interest up to 2%. It is one of the highest banking account around. https://rhbgroup.com.sg/promotion/casa_retail.

Any thoughts? The terms and conditions seems harmless.
No good.

Interest rate is tiered. Don't be tricked.

$100,000 effective interest rate is about 1.41% only. $75,000 EIR is 1.21%. $50,000 EIR is 1.05%.
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Old 17-10-2019, 09:41 PM   #3716
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No good.

Interest rate is tiered. Don't be tricked.

$100,000 effective interest rate is about 1.41% only. $75,000 EIR is 1.21%. $50,000 EIR is 1.05%.
Thanks for highlighting vsvs24! How did you calculate the tiered interest? Please share.
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Old 18-10-2019, 10:51 AM   #3717
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BEA 12 months @ 2%pa for 100K >
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Old 18-10-2019, 11:10 AM   #3718
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this Maybank 9 month SGD time deposit 2.10% p.a....
https://info.maybank2u.com.sg/promot...it-bundle.aspx
this link doesn't seem to be working anymore, is the promo still on?
-------------

Is the above promo same as the Sep-Dec @ 2.1% promo
https://info.maybank2u.com.sg/promot...ds-top-up.aspx

Anyone knows how this work? Only got 2.1% for 3 months from Sep to Dec?
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Old 18-10-2019, 02:35 PM   #3719
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Hi all, I chance upon rhb promotion - interest up to 2%. It is one of the highest banking account around. https://rhbgroup.com.sg/promotion/casa_retail.

Any thoughts? The terms and conditions seems harmless.
No good.

Interest rate is tiered. Don't be tricked.

$100,000 effective interest rate is about 1.41% only. $75,000 EIR is 1.21%. $50,000 EIR is 1.05%.

Ya, always look at EIR instead of what is being marketed.

Attempt from RHB trying to woo some clients from CIMB, coz this is slightly better than CIMB FastSaver rate. Probably can consider using as a spare account, but CIMB a bit more flexible coz can leave it at 0 for few months with no penalty, RHB will charge monthly fall-below fee.

Hmm.. T&C also not clear, "force" existing client to bring in 20k fresh fund, so open with 20k, then got any penalty if withdraw?
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Old 18-10-2019, 06:56 PM   #3720
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CIMB Fast 12 Mth Fixed Deposit 1.85%

Minimum S$10,000 per placement.

Any other no gimmicks good deals please update here.
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