Fixed Deposit has been gradually dropping...

[~sabaisabai~]

yes sg gov bond with half yearly interest payout. best thing for sinkies..
you missed out the best thing le..last yr got abt 3.4%highest.
https://www.mas.gov.sg/bonds-and-bills/singapore-savings-bonds

The highest was 3.47%

 

[Lchlch]

In theory yes.

Higher central bank interest rates > higher interbank borrowing rates > higher interest rates on both loans/deposit for the deposits.

Vice versa.

Banks would want a lower interest rate as they get to enjoy a higher NIM (net interest margin) as they can lower costs and increase interest revenue.

Thks bro for the explanation.

 

[wongminmin]

Jialet...
Very worrying seeing every month reduce...
Will fd hit less than 2%?

During covid, fed drop to 0% interest rate.....

u need to know that these interest are given by the borrowers.... the borrowers used this to expand their business.
When the economic not doing well, no people borrow...so they lower interest to attract the borrowers.
When the economic is good, many people borrow for expansion.... so they increase interest to slowdown inflation.

Right now tariff which may escalate to trade war......

 

[0nePunchm@n]

Tgks bro.
Can use cash to buy or cpf,?,

only cash but upto 200k.
anytime can withdraw full or in multiple of $500.
safest investment for elderly

 

[Lchlch]

only cash but upto 200k.
anytime can withdraw full or in multiple of $500.
safest investment for elderly

Oic..will check with my insurance agent.

 

[Jeremy1]

Already tell you all to buy S Reit liao

 

[0nePunchm@n]

Oic..will check with my insurance agent.

think no insurance agent 1. can buy from online banking/atm machine.

How to apply​

You can apply through DBS/POSB, OCBC and UOB internet banking portals and ATMs, and OCBC’s mobile app; or the Supplementary Retirement Scheme (SRS) or through the internet banking portal of your SRS Operator.

 

[Jeremy1]

Bro, I dnt invest gold. High risk.

In time of uncertainty n so many wars happening, Gold will benefit.

A lot of countries are giving up the US Dollar and buying aggressive on Gold as the dollar becoming toilet paper.

 

[Lchlch]

think no insurance agent 1. can buy from online banking/atm machine.

How to apply​

You can apply through DBS/POSB, OCBC and UOB internet banking portals and ATMs, and OCBC’s mobile app; or the Supplementary Retirement Scheme (SRS) or through the internet banking portal of your SRS Operator.

Okok noted..

 

[m0n0n0ke]

stinkies so cash rich
why need high int?

 

[0nePunchm@n]

Okok noted..

forget also need this bro b4 can buy.
Note:

• You will need an individual CDP account (for cash applications) or an SRS account (for SRS applications).
• CPF funds are not eligible.

 

[sickoflife]

Back to buying corporate bonds liao

 

[Mechafanboy]

Bro, can explain in layman term?

We follow what other central banks are doing, if other central banks decide to cut rate, SG will follow suit. . But sometimes, it's not in sync. Every central bank got their own agenda and sometimes will do their own thing.

 

[Lchlch]

We follow what other central banks are doing, if other central banks decide to cut rate, SG will follow suit. . But sometimes, it's not in sync. Every central bank got their own agenda and sometimes will do their own thing.

Spore follow us fed, central bank?

 

[JivBunny]

Bro, I dnt know about the terminology of fed rate.
In layman, I learn from here is fed rate up, fd up. Vice-visa.
Those on bank loans will hope fed rate down?

why I think SSB is better than FD. In layman’s term. Also I am vested, as a disclaimer.

1. SSB pays interest out on a 6 monthly basis.
2. If you went in at the right time, you can get an average of up to 3% for the next 10 years.
3. You can redeem partial of your SSB without penalty. (Ie, if you put $100k inside SSB at 3% interest and you suddenly need. $20k, you can redeem the $20k and continue to let your remaining $80k inside to earn the 3%. However if you want to put in additional subsequently, will be based on the latest interest rate then.

Only downside of SSB is that you might need to wait up to 5 weeks to take the money out. Cos when you redeem your bond this month you can only get it 1st week of next month.

Also, the money inside is not SDIC insured but if SSB also dead. I think Sg die liao.

 

[Sadisticnoob]

We follow what other central banks are doing, if other central banks decide to cut rate, SG will follow suit. . But sometimes, it's not in sync. Every central bank got their own agenda and sometimes will do their own thing.

MAS dont cut interest rate, only adjust the NEER band which is they track SGD vs other basket of currencies then allow the currency to trade between a certain band.

 

[Lchlch]

why I think SSB is better than FD

1. SSB pays interest out on a 6 monthly basis.
2. If you went in at the right time, you can get an average of up to 3% for the next 10 years.
3. You can redeem partial of your SSB without penalty. (Ie, if you put $100k inside SSB at 3% interest and you suddenly need. $20k, you can redeem the $20k and continue to let your remaining $80k inside to earn the 3%. However if you want to put in additional subsequently, will be based on the latest interest rate then.

Only downside of SSB is that you might need to wait up to 1 month to take the money out. Cos when you redeem your bond this month you can only get it 1st week of next month.

Also, the money inside is not SDIC insured but if SSB also dead. I think Sg die liao.

Bro, thks for the explanation.

 

[Sadisticnoob]

SORA has dropped below 3 sometime in first week of march..

 

[Tedicious]

uob one account…..up to 6%

EIR is 4% and it might drop further since ocbc 360 just revised their interest rate

 

[Lchlch]

stinkies so cash rich
why need high int?

This group are top high income earners.