Best Fixed Deposit Rates

[kurt111494]

Hi guys,

Currently I have a sum of money I wish to allocate as a fixed deposit and lock it up for about 5 years or more.

Are there any banks out there that offer attractive rates?

 

[strawberrypicker]

Can u actually do window shopping. Banks in spore pay peanuts as interest.

 

[crissangelz]

Chk out Maybank's Structure Deposit which guarantee 9.4% returns over 5 years which equal to 1.88% annually. Pls do your own chk on their t&c and the diff between structure deposit and fixed deposit before committing to it

 

[lzydata]

Local fixed deposits all seem to max out at 3 years. For relatively safe and stable investments for 5 years and beyond, you might look for structured deposits, insurance products or maybe bank preference shares. They should give at least 2% pa.

 

[slurpy0099]

Recently Standard chartered tie up with prudential to offer a lump sun savings plan that pays 1.6%pa (if I recall correctly) guaranteed for 5 years. Min $10k lump sum only. Not sure still avai.

 

[kurt111494]

The sum I have is very small, it's less than 50k, so I'm not sure if it's applicable to certain schemes

 

[Keverus]

5 yrs? why put fixed deposit..

 

[FP_IFA]

Just for info, structured deposits together with foreign currency deposits are not covered under SDIC's protection.

 

[cscs3]

Just for info, structured deposits together with foreign currency deposits are not covered under SDIC's protection.

Yes, right on. All people has to take note of it. Also, if it consistently meeting the target. Bank can cancel the "contract" ie will become shorted then 5 or 6 years.

FD is much safer and secured by SDIC. If your amount is not big, whether it is 1.1% or 1.6% does not make much different. Go for a safe one and renew by year.

 

[noobishyang]

put fixed deposit, might as well buy life insurance...

 

[knightdreamer]

Frankly I think currently the interest rate for 5years is a bit low would recommend a year of FD. I know is quite troublesome to renew yearly but at least the money will not 'lock' for five years. But if that is your spare spare cash then no harm putting to save the trouble.

 

[qwer71]

What's the best structure deposit available now.
I'm looking to put in a sum of 50 - 75k

 

[more3cm]

What's the best structure deposit available now.
I'm looking to put in a sum of 50 - 75k

First sticky thread in Money Mind

 

[livingston]

become ah long, lend out 4% monthly!!! nice deal!!