Lastest S$ Deposit updates - Part 3

beautyseek

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Bank of china (checked in today)

1.61% for 6 mths with option to renew at 1.61% for further 6 months
 

cryn79

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Bank of china (checked in today)

1.61% for 6 mths with option to renew at 1.61% for further 6 months

Hi Beautyseek,

I went to the website, as usual can't find any details.
Are you able to share what is the min deposit for 1.61% for 6 mths? Thnk!
 

beautyseek

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Hi Beautyseek,

I went to the website, as usual can't find any details.
Are you able to share what is the min deposit for 1.61% for 6 mths? Thnk!

Usually BOC does not publish on website. So sorry i did not take note if min amt required
 

Squaredot

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Promo of 1.80% from 17 Aug came 1.5 month late. Placed my FDs with cimb in early Jul at 1.65%for 6 months.

yah, cimb fd promo was the best in July, u got a good deal...now it's 1.55% nia.

current scb fd promo rate is attractive for short 5 months but limited to 100k. So I think big depositors are gg for POSB 1.75%+0.05% for 7months instead ..
 

beautyseek

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yah, cimb fd promo was the best in July, u got a good deal...now it's 1.55% nia.

current scb fd promo rate is attractive for short 5 months but limited to 100k. So I think big depositors are gg for POSB 1.75%+0.05% for 7months instead ..

How to get the +0.05% for POSB? Thinking abt Hong Leong Finance 1.80% for 8mth (just 1 more mth compared to POSB)...
 

yongsaver

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I am also wondering about the 0.05%...i thought 1.75% includes everything liao. furthermore to get 1.75%, it is above 250K..
 

yongsaver

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i think FIs currently have a bit of resistance to give 2% for 1 year FD. Most prefer instead to offer 1.8%+/- with shorter duration....7, 8 months...

but looking at IR trajectory, it is still on its way up...

i hope one of the FIs will start the 2% ball rolling soon...:D
 

qhong61

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i think FIs currently have a bit of resistance to give 2% for 1 year FD. Most prefer instead to offer 1.8%+/- with shorter duration....7, 8 months...

but looking at IR trajectory, it is still on its way up...

i hope one of the FIs will start the 2% ball rolling soon...:D
What is FLS?
 

luckygal

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Keen on the RHB one. 1.8% for one year. Is one year just nice or too Long?
 

K202020K

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too long, soon christmas promo or cny promo coming
Don't think will have any promos already .... banks have been on the edge to attract new funds this year .... except for DBS,UOB,OCBC lah .... even B.o.Bangkok has not up the stakes since its 1.65% bang for the buck offer. And no news on the SBI front thus far.
 
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