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Lastest S$ Deposit updates - Part 3

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Old 07-08-2017, 09:43 PM   #721
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I have 300k cash. Which bank has the highest FD rate?
best 12 months 1 so far is the maybank?
Please try my Fixed Deposits database with chuanz's interface. All the answers are in there

https://sgfd.neocities.org/

Also, I have removed all of ANZ's rates as ANZ has sold its retail banking business to DBS. Bye bye ANZ.
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Old 08-08-2017, 11:32 AM   #722
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fwd insurance offering 2.02% pa for 3 years

https://www.fwd.com.sg/savings-and-i...ent-insurance/

any comments ?
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Old 08-08-2017, 11:33 AM   #723
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fwd insurance offering 2.02% pa for 3 years

https://www.fwd.com.sg/savings-and-i...ent-insurance/

any comments ?
max is 15k


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Old 08-08-2017, 12:19 PM   #724
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fwd insurance offering 2.02% pa for 3 years

https://www.fwd.com.sg/savings-and-i...ent-insurance/

any comments ?
says Capital guaranteed
so does that mean the interest is not guaranteed?
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Old 08-08-2017, 03:03 PM   #725
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says Capital guaranteed
so does that mean the interest is not guaranteed?
Did you read carefully?
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Old 08-08-2017, 03:34 PM   #726
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Talking Re

fwd insurance offering 2.02% pa for 3 years

https://www.fwd.com.sg/savings-and-i...ent-insurance/

any comments ?
You sure is safe ?? FWD insurance never heard this company before. Better invest with local insurance companies
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Old 08-08-2017, 03:54 PM   #727
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Did you read carefully?
oh i am sorry yes it does say 2.02% returns guaranteed
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Old 08-08-2017, 04:00 PM   #728
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You sure is safe ?? FWD insurance never heard this company before. Better invest with local insurance companies
Honkong insurance company.
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Old 08-08-2017, 07:06 PM   #729
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My FD with Maybank due today. Surprised they called me yesterday to offer to renew my FD at 1.4% for 1 year. No need fresh fund.

Went down today to renew it. Must fulfil their conditions:

1. Minimum of 50K FD
2. Must lock-in another 10% in Saving acct. Meaning locked in 5K on normal saving acct interest rate.

Ignoring the saving acct interest rate, effective interest rate for this FD is 1.27%

Terrible but lazy to move funds around.
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Old 08-08-2017, 07:09 PM   #730
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You can transfer your funds via FAST transfer. It's immediate and free service.

My FD with Maybank due today. Surprised they called me yesterday to offer to renew my FD at 1.4% for 1 year. No need fresh fund.

Went down today to renew it. Must fulfil their conditions:

1. Minimum of 50K FD
2. Must lock-in another 10% in Saving acct. Meaning locked in 5K on normal saving acct interest rate.

Ignoring the saving acct interest rate, effective interest rate for this FD is 1.27%

Terrible but lazy to move funds around.
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Old 08-08-2017, 07:54 PM   #731
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Maybank : if enough people withdraw on maturity, they have no choice but to sweeten the deal. It's a question of who is more desperate for the money.

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Old 08-08-2017, 09:17 PM   #732
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My FD with Maybank due today. Surprised they called me yesterday to offer to renew my FD at 1.4% for 1 year. No need fresh fund.

Went down today to renew it. Must fulfil their conditions:

1. Minimum of 50K FD
2. Must lock-in another 10% in Saving acct. Meaning locked in 5K on normal saving acct interest rate.

Ignoring the saving acct interest rate, effective interest rate for this FD is 1.27%

Terrible but lazy to move funds around.
Looks like this is their ongoing promotion but they have waived the fresh funds requirement for you

http://info.maybank2u.com.sg/promoti...it-bundle.aspx
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Old 08-08-2017, 09:44 PM   #733
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Exactly.

First time in many years we dun have to make our funds fresh again.....

Looks like this is their ongoing promotion but they have waived the fresh funds requirement for you

http://info.maybank2u.com.sg/promoti...it-bundle.aspx
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Old 09-08-2017, 11:48 AM   #734
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POSB does not have National Day deposit promotion this year?
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Old 09-08-2017, 12:16 PM   #735
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Anyone has feedback on this?
It is low risk savings type..

https://www.etiqa.com.sg/personal/li...nce/eeasy-save
Glad someone brought this up. I was introduced similar products from Great Eastern. 84000 after 6 years is 1500 SGD per year interest using 75000 SGD. That's about 2% PA. Better than FD rate. Equal rates but Shorter Term than SSB. Assuming we already reach SA annual limit.

Is this an OK product to consider??

Someone here advised against such product but no reason given. Any one with a Good Reason why we should or should not take up such product?

Assuming we do not need this 75000 SGD for the next 6 years. Thanks!
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