drkcynic
High Supremacy Member
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Yes, and you may have been premature.
Yes, as long as you're respecting the overall $200,000 holding limit, inclusive of any redemptions you're also requesting.
I'm purely guessing (of course), but my guess is yes.
As pointed out in another thread, RHB Singapore is offering a 2.18% two year fixed deposit through the end of this month (June, 2019), minimum $20,000 -- and be advised that the SDIC coverage limit is $75,000. That's a good interest rate, but you also have the option to withdraw after a full year (12 months) and still collect 2.00% (but with no interest paid past the 12 month mark unless you endure for the full 24 months). A fixed deposit isn't quite the same thing as a SSB, but if you're looking for a safe place to park up to 75,000 Singapore dollars for either one year or two years (not for a period in between, please note), then RHB has an interesting offer.
Thanks for the share!
Maybe I'm being pedantic here but for a less renowned bank doing a promotion to try to gain market share, they should at least perform a spell check on their T&C documents.