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Lastest S$ Deposit updates - Part 3

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Old 18-01-2020, 12:41 PM   #4021
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For those who are interested in 8.6% pa on USD deposits -> you can do it via the stablecoin space.
No lockup, meaning you can withdraw anytime without penalty, but you need an intermediate step to convert USD etc. Covered by insurance similar to FDIC

Check it out for yourself -> but PM me if you have any questions
https://blockfi.com/?ref=a9488336
Scam if too good to be true
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Old 18-01-2020, 05:26 PM   #4022
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Scam if too good to be true
Hi,

Yes, do take a look below and come to your own conclusions.

Blockfi Assets are stored in Gemini's Custody Solution
https://blockfi.com/securely-stored-assets/
https://gemini.com/legal/user-agreem...digital-assets
https://gemini.com/security

Besides the controls and guardrails above, Gemini has also recently put in place $200m insurance facility for all assets under its custody.
https://www.reuters.com/article/us-c...-idUSKBN1ZF1IB
https://finance.yahoo.com/news/gemin...N2Plvi5f0481vc
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Old 18-01-2020, 06:32 PM   #4023
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For those who are interested in 8.6% pa on USD deposits -> you can do it via the stablecoin space.
No lockup, meaning you can withdraw anytime without penalty, but you need an intermediate step to convert USD etc. Covered by insurance similar to FDIC

Check it out for yourself -> but PM me if you have any questions
https://blockfi.com/?ref=a9488336
no offence bro. some folks here can't even get beyond the 3 local banks when it comes to bank deposits. we still have people here asking whether this bank safe or that bank safe or not. how to get them to invest in blockfi?.
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Old 18-01-2020, 07:23 PM   #4024
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no offence bro. some folks here can't even get beyond the 3 local banks when it comes to bank deposits. we still have people here asking whether this bank safe or that bank safe or not. how to get them to invest in blockfi?.
No offense taken! This is a free market, the public are free to choose. Sharing more options to show what's out there in the markets. The industry is being disrupted, and not everyone will catch the wave unfortunately.
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Old 18-01-2020, 11:15 PM   #4025
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Hi. BEA 2% is FD for 1 Yr correct?
FD can be joint names?
How to get this rate? Never see they put 2%. Or need to go down branch to ask?
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Old 20-01-2020, 06:28 AM   #4026
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Thatís possible. Best to call and confirm the rates before heading down.

Hi. BEA 2% is FD for 1 Yr correct?
FD can be joint names?
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Old 26-01-2020, 07:10 AM   #4027
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Hi friends, my ICBC FD maturing soon...is there any step up FD that u would recommend?

I plan to put my money in for maybe 3-4 months before withdrawing it

Did some research on moneysmart...seems like CIMB is the best for now? Any others that i might miss out>

Hi. BEA 2% is FD for 1 Yr correct?
FD can be joint names?
this seems to be the best for now? 2% for 1 yr
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Old 26-01-2020, 07:20 AM   #4028
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Hi friends, my ICBC FD maturing soon...is there any step up FD that u would recommend?

I plan to put my money in for maybe 3-4 months before withdrawing it

Did some research on moneysmart...seems like CIMB is the best for now? Any others that i might miss out>



this seems to be the best for now? 2% for 1 yr
what is the min amount for bea 2%?
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Old 26-01-2020, 09:34 AM   #4029
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100k min for BEA 2%, the last I checked
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Old 28-01-2020, 10:05 PM   #4030
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100k min for BEA 2%, the last I checked
did u apply for this at the branch? how long does it takes?
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Old 29-01-2020, 02:08 PM   #4031
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did u apply for this at the branch? how long does it takes?
Yes, at the branch. There was no queue at around 3pm so I could get it done promptly.
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Old 29-01-2020, 05:34 PM   #4032
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Yes, I already have UOB One, having 3 giro + and cc spending. So thinking where I can park my salary now that dbs multiplier is changing it's terms. Not keen to get insurance just to satisfy another Multiplier category
I park mine at OCBC 360, just for the salary bonus. You can check it out.
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Old 29-01-2020, 10:22 PM   #4033
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Yes, at the branch. There was no queue at around 3pm so I could get it done promptly.
thanks for the info. hopefully bea 2% is still available.
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Old 31-01-2020, 09:02 PM   #4034
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Some February rates are starting to appear online:


CIMB up to 1.75% pa for 12 months, which is down from 1.80% pa in January.

Standard Chartered is 1.55% pa for 9 months or 1.65% pa for 9 months if you are a Priority Banking client.
I believe this is no change from January.
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Old 31-01-2020, 10:12 PM   #4035
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Some February rates are starting to appear online:


CIMB up to 1.75% pa for 12 months, which is down from 1.80% pa in January.

Standard Chartered is 1.55% pa for 9 months or 1.65% pa for 9 months if you are a Priority Banking client.
I believe this is no change from January.
Esaver dropped to 1.7% max (between 1.55% and 1.7%) for Feb to Mar

https://www.sc.com/sg/save/savings-accounts/esaver/
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