Lastest S$ Deposit updates - Part 3

[saintgtril]

Thanks for the heads up! Found it

https://www.fwd.com.sg/savings-insurance/save-smart-series/

Hi all, anyone signing up for this product? Thanks!

 

[Goodintentions]

Thanks. Thinking to do SAYE for 2 years since 3.5% is looking attractive now

You need to set up a standing order to credit a fixed amount every month (anything from $50 to $3,000) into your SAYE account, then resist the urge to touch it for two years. As a reward for your restraint, you earn 3.5 per cent p.a..

This promo is DUMB! You are only earning 3.5% int on whatever you have accumulatively crediting for every month and can be revised at any time for 2 YEARS!

 

[Goodintentions]

Hope Trump does his inflation tariffs fast as he promises on his first few days and Feb promo rates will be better. USD is too strong relatively to FED rates and needs to reconcile asap.

 

[Goodintentions]

Hi all, anyone signing up for this product? Thanks!

IMHO, too many political uncertainties coming soon to lock into anything immediately.

 

[HelIoo]

hmm. do you guys think next month FD for all banks will be lower or higher than this month?

 

[Shalom_555]

Hi all, anyone signing up for this product? Thanks!

Just checked, its over-subscribed

 

[y2j_chan]

hmm. do you guys think next month FD for all banks will be lower or higher than this month?

definitely lower. u should consider other options now.

 

[qhong61]

definitely lower. u should consider other options now.

Why

 

[y2j_chan]

Why

FD rates is slowly decreasing since 4th quarter of 2024. It would slowing decrease to less than 2%.

You want your money to work for you or you want to work for your money?

 

[qhong61]

definitely lower. u should consider other options now.

What other option.
And no risk.

 

[pratik28]

What other option.
And no risk.

uob stash 5 months lock-in,
With 150k, eir 2% -> 3.13% with earmark promo $688
With 100k, eir 3% -> 3.93% with earmark promo $388

CIMB 3.2% no lock-in, just maintain 5k

There is SSB, TBills depends on what is the expected return and tenure we looking at!

 

[y2j_chan]

What other option.
And no risk.

For me I park some of of funds in Chocolate Finance to earn the guarantee 3.6% p.a for 1st 20k.

 

[sglandscape]

For me I park some of of funds in Chocolate Finance to earn the guarantee 3.6% p.a for 1st 20k.

Reminder that returns are guaranteed but principal is not.

 

[IcYFl4mEz]

uob stash 5 months lock-in,
With 150k, eir 2% -> 3.13% with earmark promo $688
With 100k, eir 3% -> 3.93% with earmark promo $388

CIMB 3.2% no lock-in, just maintain 5k

There is SSB, TBills depends on what is the expected return and tenure we looking at!

does uob stash earmark promo work the same as uob one? If i create the acct in Jan, i must deposit by 1st Feb for it to earmark by mid feb etc.

 

[pratik28]

does uob stash earmark promo work the same as uob one? If i create the acct in Jan, i must deposit by 1st Feb for it to earmark by mid feb etc.

yes same earmark promo for both,
only diff is uob one got those criterias like salary credit, spending, etc to earn high interest

 

[IcYFl4mEz]

yes same earmark promo for both,
only diff is uob one got those criterias like salary credit, spending, etc to earn high interest

my uob one just got back the $ this month, need to empty in FEB n wait to see whats march promo. thinking if to put in stash instead. can just put 100k since 3.93% seems high. the extra $50k out in 3.2/3.3% one better.

 

[heroking]

dbs gating promo
seems like it is available in all branches and you need to ask them for the offer

 

[xenotine]

For Maybank , Anyone know if we can switch SaveUp deposit account to isavvy account ?
Did not wish to receive paper statement going forward

 

[maumu]

received the P+I for the 2-year RHB 4.1% interest today those were the good old days...

now can't even find any decent FDs to put into.

CNY period but no good promos around also... haiz

 

[sglandscape]

received the P+I for the 2-year RHB 4.1% interest today those were the good old days...

now can't even find any decent FDs to put into.

CNY period but no good promos around also... haiz

The best is the DBS 3% for 3 months for now, nothing else even comes close to 3% now.