Lastest S$ Deposit updates - Part 3

[Sparx14]

I saw citibank offering 2.28% bonus interest for 3 months on in new funds.

I think this works out as 5.28% for 1 month in the wealth first account.
- 1.5% if spend $250 on card
- 1.5% for increase average balance
- 2.28% from the promo

 

[kurt111494]

Did the app let you choose 1 or 3 years option and show the guaranteed interest rate? I am asked to pay the premium at the end of the application. But it does not show the year option nor 2.8%/3% info.

after playing around with some numbers, I think I figured out how the $4,636 came about.

Year 1: start with $50,000
End of Year 1: 103% of $50,000 = $51,500
Year 2: start with $51,500
End of Year 2: 103% of $51,500 = $53,045
Year 3: start with $53,045
End of Year 3: 103% of $53,045 = $54,636.35 (round off to $54,636)

but I can't figure out the $497 interest based on $50,000 at 1% crediting rate. I think that is IF one does not take part in the 1-yr/3-yr fixed plan so is mutually exclusive, not stacked.

it's quite misleading to advertise as:
• Earn total returns of 1% p.a. crediting rate + 3% p.a. on your 3-year fixed plan

maybe need someone who's already on this plan to share more...

I read what is on the website. Think this is how it works

Basic Plan - min $50 to earn interest at 1% (not guaranteed and can be adjusted along the way). Accrued daily but credit once a month. Can withdraw and topup to $50,000 anytime and use for daily transactions

Rider - this is the 1 yr fixed plan @2.80% or the 3 yr fixed plan @3.00% attached to the Basic Plan. Min $1000 to max $200,000. This is single premium and cannot topup. Paid out upon maturity

Hey, this is a good deal. Thanks for sharing. Hopefully there is no catch.

Did you guys manage to choose the 3% plan and sign up for it?

 

[FlyGuardX]

GXS pocket 2.58%
GXS savings pocket 2.38%
Maribank 2.28%
Mari invest (saveplus) 2.49%
Chocolate Finance (First 20k 3.3% next 30k 3.3%)
OCBC dividend+ 2.95% (will drop next month)
SCB esaver 2.5%
Maybank isavvy 2.8% (>200k)
uob privilege account 2.6%
uob stash 3%
HSBC EGA 2.7+1%

 

[Mickey01]

Did you guys manage to choose the 3% plan and sign up for it?

did not sign up for any

 

[lzydata]

Tenor	Deposit Amount (Fresh Funds)	Promotional Interest rate (p.a.)
6-month	S$10,000	2.00% p.a.
10-month	S$10,000	1.70%p.a.

https://www.uob.com.sg/personal/save/fixed-deposits/singapore-dollar-fixed-deposit.page

UOB cuts offer rates.

TENURE	PERSONAL BANKING ONLINE PROMO INTEREST RATE (%P.A.) S$10,000 AND ABOVE	PREFERRED BANKING ONLINE PROMO INTEREST RATE (%P.A.) S$10,000 AND ABOVE
3 Months	2.25	2.30
6 Months	2.10	2.15
9 Months	1.95	2.00
12 Months	1.95	2.00

https://www.cimb.com.sg/en/personal/help-support/rates-charges/rates/sgd-fixed-deposit-rates.html

CIMB also cuts offer rates.

(repeating myself)

($20k to $1m)
6 months - 2.05% pa
9 months - 1.90% pa
12 months - 1.85% pa

https://sslsecure.maybank.com.sg/cgi-bin/mbs/JSPscripts/mbb_rates/deposit_rate.jsp

Maybank cuts board rates for 6, 9, 12 months but keeps the 36 months 2.85% pa (rollovers only).

These are the same rates as the iSAVvy Time Deposit Promotion (Online Placement): https://www.maybank2u.com.sg/en/promotions/deposits/sgd-time-deposit.page?

 

[~sabaisabai~]

Rhb so far still the highest.
2.2% for 12 months. Premier account

 

[semiret]

Just sharing Singapura Finance got FD( Blue Sky FD Account ) 36mths for more than 50K interest 2.75%. If you're senior which is over 55yrs will have get another 0.125% made the total interest for 2.875%. One thing to note is if you breaks your FD no interest will be given. Those looking to move your funds from T-Bills might consider? Can click the below links for more information. Hope this info helps.
https://www.sfl.sg/interest.php#fixeddeposit

 

[addict951]

Guys, the Maybank 36-mth 2.85% interest up-front fd ish still available only on the old app.
This is now the superior option compared to the 364-day tbill.

 

[ericcsn]

If new to HSBC Premier, might want to look at it cos welcome rewards are:
equiv. 3.933% for $300K fresh funds for 3 months or
4.133% for above plus PayNow registration/ acitvate, link EGA and 7 purchases, and subscribe to its SGChat

https://www.hsbc.com.sg/premier/privileges/#welcome

 

[Ahboy069]

Guys, the Maybank 36-mth 2.85% interest up-front fd ish still available only on the old app.
This is now the superior option compared to the 364-day tbill.

Yes this works just place 20k to try hope they honor it

 

[alex22]

You mean if quota is filled, then the push app will be gone?
I did receive the notification, but don't want to fund then realize that I'm not the first 10k and eventually don't qualify.

 

[qhong61]

Just sharing Singapura Finance got FD( Blue Sky FD Account ) 36mths for more than 50K interest 2.75%. If you're senior which is over 55yrs will have get another 0.125% made the total interest for 2.875%. One thing to note is if you breaks your FD no interest will be given. Those looking to move your funds from T-Bills might consider? Can click the below links for more information. Hope this info helps.
https://www.sfl.sg/interest.php#fixeddeposit

Too long

 

[myPosting]

Guys, the Maybank 36-mth 2.85% interest up-front fd ish still available only on the old app.
This is now the superior option compared to the 364-day tbill.

Is this still available on google play store? I only see the lite version.

 

[~sabaisabai~]

Is this still available on google play store? I only see the lite version.

Yes.

 

[Ahboy069]

Using old maybank app for 2.85% 36 months still works just received interest woooooo… better subscribe before the loop hole closed

 

[banyan8]

Using old maybank app for 2.85% 36 months still works just received interest woooooo… better subscribe before the loop hole closed

Just placed iSavy TD min 20k and don't see the upfront interest credited. Need to wait one more day?

 

[Sambuca78]

Just placed iSavy TD min 20k and don't see the upfront interest credited. Need to wait one more day?

Yes next day,but I dunno weekend have or not

 

[~sabaisabai~]

Just placed iSavy TD min 20k and don't see the upfront interest credited. Need to wait one more day?

Yes. They credit to you next business day

Which is Monday

 

[reflecx]

Yes. They credit to you next business day

Which is Monday

Based on past experience, they credit next day, regardless of whether PH or weekend

 

[~sabaisabai~]

Based on past experience, they credit next day, regardless of whether PH or weekend

Ok. But I only get it on business day