Fixed Deposit has been gradually dropping...

[Lchlch]

stinkies so cash rich
why need high int?

This group are top high income earners.

 

[Lchlch]

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

What is sora?

 

[Sadisticnoob]

What is sora?

Sora is the daily rate that banks lend/ borrow each other money

 

[JivBunny]

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

they already dropped once ahead of OCBC.

 

[SkyAmryBoi]

Every month keep dropping...sad!

Buy 10 years government bond lor. 10 years later then see

 

[Shion]

only gold n silver will rise

 

[wahlaneh]

Buy gold you wont go wrong but have to hold it long term >5yrs

 

[starrynite138]

Singapura Finance offering 2.78% for 9 months and 2.7% for 12 months in early March. Last June was 3.2% for 12 months.
The best I could find.

 

[Lchlch]

Sora is the daily rate that banks lend/ borrow each other

thanks bro For the information,
meaning all banks lend and borrow money from one another excluding customers.
for what purposes?

 

[Lchlch]

Singapura Finance offering 2.78% for 9 months and 2.7% for 12 months in early March. Last June was 3.2% for 12 months.
The best I could find.

Thanks for your information,
it is the recent change name finance?
it is at I think at Robinson road?

 

[mcylo]

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

Yes I am mindful of this.

this is just part of my investment portfolio…..

still have quite a bit of stocks with Sheng Shiong and DBS, STI ETF and some REITs providing me above 5% yield

 

[Lchlch]

Buy 10 years government bond lor. 10 years later then see

Bro, 10 years too long.
i prefer short term like monthly or quarterly basis.

 

[Lchlch]

Yes I am mindful of this.

this is just part of my investment portfolio…..

still have quite a bit of stocks with Sheng Shiong and DBS, STI ETF and some REITs providing me above 5% yield

Bro that’s nice.
to have passive income for emergency use in future.

 

[lanzhu60]

boc offering up to 4.6%

 

[Lchlch]

boc offering up to 4.6%

I checked but don’t hv.

 

[whatheheck]

Recession coming already you still fd? US market is losing funds now, every big whales are pulling out now.

then now keep Biskit tin ah ?

 

[lanzhu60]

I checked but don’t hv.

https://www.bankofchina.com/sg/pbservice/pb1/202212/t20221230_22348761.html

 

[AuraKUPO]

then now keep Biskit tin ah ?

If become banana notes, keep where also no use

 

[~sabaisabai~]

I checked but don’t hv.

no more liao lah, all rates has dropped
it think he was referring to the past and upto means comes with conditions

 

[jericho75]

Yes u r right. BTW where u saw fd 2.5. The highest I saw is BoC 2.4 only...

Highest I placed was rhb 2 years at 4.1%