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Lastest S$ Deposit updates - Part 3

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Old 01-04-2018, 12:38 AM   #1426
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So, you think you do know a lot with what's going on inside the banks.
So, you also know why they got caught red-handed in the 1MDB money laundering scandal ?
ya... doesnt matter this is Singapore or what, if bad things want to happen, it can still happen, better dun be over confident/ too trusting
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Old 01-04-2018, 09:19 AM   #1427
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Some bonus interest offers have already been updated for April:

Stanchart e$aver Bonus Interest (1 April 2018 to 31 May 2018) Promotion
Bonus interest rate: 1.00% pa
Total interest rate: 1.10% pa (<$50k), 1.15% pa ($50-200k), 1.25% pa (>$200k)

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

Maybank iSAVvy Savings Account Fresh Funds (1 April to 30 June 2018)
Bonus interest rate: 0.80% pa
Total interest rate: 1.18% pa ($50-200k), 1.30% pa ($200k-1m)

http://info.maybank2u.com.sg/promoti...ds-top-up.aspx

Both calculated against average daily balance of March.
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Old 01-04-2018, 01:09 PM   #1428
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Some bonus interest offers have already been updated for April:

Stanchart e$aver Bonus Interest (1 April 2018 to 31 May 2018) Promotion
Bonus interest rate: 1.00% pa
Total interest rate: 1.10% pa (<$50k), 1.15% pa ($50-200k), 1.25% pa (>$200k)

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

Maybank iSAVvy Savings Account Fresh Funds (1 April to 30 June 2018)
Bonus interest rate: 0.80% pa
Total interest rate: 1.18% pa ($50-200k), 1.30% pa ($200k-1m)

http://info.maybank2u.com.sg/promoti...ds-top-up.aspx

Both calculated against average daily balance of March.
so Maybank playing the same game as SC's eSaver. however their holding period is 3 months instead of 2 of SC.

unlike SC where you can 'switch' between 2 eSaver accounts to enjoy the promotion, Maybank does not have such a feature leh ("Each customer is only allowed to hold one iSAVvy Savings Account."). For that extra 0.03% (for 50k) is it worth it?
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Old 01-04-2018, 04:21 PM   #1429
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so Maybank playing the same game as SC's eSaver. however their holding period is 3 months instead of 2 of SC.

unlike SC where you can 'switch' between 2 eSaver accounts to enjoy the promotion, Maybank does not have such a feature leh ("Each customer is only allowed to hold one iSAVvy Savings Account."). For that extra 0.03% (for 50k) is it worth it?
Maybank has this running a long time already but not as continuous as SC. So it's not a one-time thing. Seems to always beat or at least match SC.
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Old 02-04-2018, 01:26 PM   #1430
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so Maybank playing the same game as SC's eSaver. however their holding period is 3 months instead of 2 of SC.

unlike SC where you can 'switch' between 2 eSaver accounts to enjoy the promotion, Maybank does not have such a feature leh ("Each customer is only allowed to hold one iSAVvy Savings Account."). For that extra 0.03% (for 50k) is it worth it?
oh i didn't know we can switch between accounts. if i have 1 individual and 1 combine savings. U mean they allow me to transfer from 1 to another and I'm entitled to the bonus interest?
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Old 02-04-2018, 01:36 PM   #1431
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oh i didn't know we can switch between accounts. if i have 1 individual and 1 combine savings. U mean they allow me to transfer from 1 to another and I'm entitled to the bonus interest?
usually they require fresh funds from another bank , just switch out to another bank before switching back in
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Old 02-04-2018, 01:50 PM   #1432
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usually they require fresh funds from another bank , just switch out to another bank before switching back in
thanks for the info. am actually looking around a place to park. so far i only know stanchart 1 year time deposit is 1.4%
and ICBC is 1.41% via e saving transfer. if over counter is 1.39% for 1 year. that was told to me 2 days ago at icbc counter. a bit tired of playing the switching game. I'll see how it goes 😊
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Old 02-04-2018, 01:58 PM   #1433
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Banks should be encouraged to sell plain vanilla instruments instead of coming out with so many patterns, to confuse & trick the less savvy among us.

MAS has the moral obligation & authority to ensure this is so.
A lot of my life is spent on a banking career. I can tell you, structured products are the bread and butter of product folks. Without them coming with all those difficult to understand products, you'll not need RMs to explain and the chain goes on. In short, it's good money for any banks.

However, MAS really keeps a tight watch on the FIs in Singapore. I know because the number of audits per year is good enough to run a small SME considering how much time is needed for all that.
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Old 02-04-2018, 04:14 PM   #1434
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thanks for the info. am actually looking around a place to park. so far i only know stanchart 1 year time deposit is 1.4%
and ICBC is 1.41% via e saving transfer. if over counter is 1.39% for 1 year. that was told to me 2 days ago at icbc counter. a bit tired of playing the switching game. I'll see how it goes 😊
if u want to park for 1 year... look no more. SSB is the way to go. beats all these banks by a wide margin and is more flexible than time deposits too.
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Old 02-04-2018, 05:33 PM   #1435
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if u want to park for 1 year... look no more. SSB is the way to go. beats all these banks by a wide margin and is more flexible than time deposits too.
wow! thank you! will go read up more on this.
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Old 02-04-2018, 11:49 PM   #1436
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Fixed Deposits database updated for April with chuanz's interface:

sgfd.neocities.org

The offers and even board rates (OCBC and Stanchart) are creeping up but the banks don't seem to be taking on the new formidable competitor - SSB
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Old 03-04-2018, 08:16 AM   #1437
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Fixed Deposits database updated for April with chuanz's interface:

sgfd.neocities.org

The offers and even board rates (OCBC and Stanchart) are creeping up but the banks don't seem to be taking on the new formidable competitor - SSB
just wondering why haven't u considered banks like Bangkok Bank which is also offering 1.6% for $50k for 1 year?
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Old 03-04-2018, 08:01 PM   #1438
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just wondering why haven't u considered banks like Bangkok Bank which is also offering 1.6% for $50k for 1 year?
These offers are not online. It's not that I don't trust people who post here, but I kind of want to restrict the database to what anyone can verify on the banks' websites. It also means that we can all see when the offer is no longer valid rather than have to go back there to check.
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Old 03-04-2018, 11:20 PM   #1439
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if u want to park for 1 year... look no more. SSB is the way to go. beats all these banks by a wide margin and is more flexible than time deposits too.
Can sell SSB any time with a prorated interest rate? When can SRS be used to buy SSB?
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Old 04-04-2018, 01:59 AM   #1440
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SSB 1.65% 1 year for this month offering
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