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Fixed Deposit has been gradually dropping...

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Foreverjobless

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Lchlch said:
I heard about fed rate in the news...
Meaning if fed rate up, fd also up.
If fed rate reduce, fd also reduce.
Am I right?
Click to expand...
No way Fed rate will be up since inflation had cooled. BTW Fed rate up oso mean ppl borrowing money will pay higher interest.
 
0nePunchm@n

0nePunchm@n

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Lchlch said:
Bro, I am hoping fd up.
Cos many elderly rely on fd interest to cover the high cost n high expenses.
Relying on govt cdc whatever crap can't help much.
Click to expand...
yes bro me sama sama :o I oso lock in all my retirement fund in SSB. way better interest than fd.
FD not so long term compared to 10yr ssb.
 
Lchlch

Lchlch

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Foreverjobless said:
No way Fed rate will be up since inflation had cooled. BTW Fed rate up oso mean ppl borrowing money will pay higher interest.
Click to expand...
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?
 
Lchlch

Lchlch

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0nePunchm@n said:
yes bro me sama sama :o I oso lock in all my retirement fund in SSB. way better interest than fd.
FD not so long term compared to 10yr ssb.
Click to expand...
What is ssb? Spore bonds?
10 yrs too long. They ssb pay monthly dividend? Percentage higher?
 
F

Foreverjobless

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Lchlch said:
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?
Click to expand...
Yes u r right. BTW where u saw fd 2.5. The highest I saw is BoC 2.4 only...
 
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Hyruga

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Aiya if you got courage, you should buy crypto. Most likely will go up de la.
 
Lchlch

Lchlch

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~sabaisabai~ said:
You may head over to money mind under SSB to read more ;)
Click to expand...

Ok I google:

Singapore Savings Bonds (SSBs) are a type of Singapore Government Securities (SGS) designed for individual investors, offering a secure and flexible way to invest, with returns that increase over time, and are backed by the Singapore government.

But nvr sat what's the interest rate.
 
0nePunchm@n

0nePunchm@n

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Interest Rates​

Year from issue date12345678910
Interest percent2.732.732.732.812.862.862.912.963.003.03
Average return per year %[1]2.732.732.732.752.772.782.802.822.842.85

now also better than most bank
 
RinoaX

RinoaX

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Lchlch said:
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?
Click to expand...
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.
 
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