Lastest S$ Deposit updates - Part 3

[grapewall]

It only make sense if u wana invest the USD into equities and or any other USD denominated assets in near future.

You are so optimistic that current USD rates is the bottom hehe
I say reach parity within next 3-5years

*Mr market is quite Right.
For eg. Last time i was tempted to change some SGD to AUD (was at 1.2) due to higher 3%+ deposit rates and then today SGD stronger than AUD

You're quite right. I hold USD for investing. But then, my USD fixed deposit tenure is usually for 1-3 months.
Anyway, just sharing what i did to get higher interest rate. I used to put in Maybank isavvy until the interest rate plummeted...

 

[d5dude]

It only make sense if u wana invest the USD into equities and or any other USD denominated assets in near future.

You are so optimistic that current USD rates is the bottom hehe
I say reach parity within next 3-5years

*Mr market is quite Right.
For eg. Last time i was tempted to change some SGD to AUD (was at 1.2) due to higher 3%+ deposit rates and then today SGD stronger than AUD

No way USD/SGD will ever reach parity unless the dollar index drops to ~70 i.e EUR, JPY, GBP, etc all rally big time against it. I think this is nearly impossible since there are worse problems in these parts of the world now.

SGD has remained mostly stable vs the USD and EUR (top 2 currencies for trade and settlement) in the last decade and its likely to remain that way since we are a trade dependent nation.

 

[yslvlys]

No way USD/SGD will ever reach parity unless the dollar index drops to ~70 i.e EUR, JPY, GBP, etc all rally big time against it. I think this is nearly impossible since there are worse problems in these parts of the world now.

SGD has remained mostly stable vs the USD and EUR (top 2 currencies for trade and settlement) in the last decade and its likely to remain that way since we are a trade dependent nation.

What is your range for "stable"? USD was 1.35 SGD a few years ago.

 

[d5dude]

What is your range for "stable"? USD was 1.35 SGD a few years ago.

We are 4% off those levels, thats stable for a currency pair. Parity is 25% from here, thats not stability.

 

[sglandscape]

We are 4% off those levels, thats stable for a currency pair. Parity is 25% from here, thats not stability.

USD/SGD goes through a rather predictable cycle if you zoom out and look at it over 10 years, it tracks the economic cycle (and indirectly interest rates cycle) really closely. Don't think I'll characterise it as stable, but its path is some what predictable if you zoom out.

 

[d5dude]

USD/SGD goes through a rather predictable cycle if you zoom out and look at it over 10 years, it tracks the economic cycle (and indirectly interest rates cycle) really closely. Don't think I'll characterise it as stable, but its path is some what predictable if you zoom out.

I think it is anything but predictable. I'd be a billionaire now if it was so easy to predict short term movements...

Even banks and financial institutions that offer 12 month targets often get them wrong, FX is just notoriously unpredictable.

 

[royalmix]

PLEASE DO NOT DERAIL!

 

[sglandscape]

I think it is anything but predictable. I'd be a billionaire now if it was so easy to predict short term movements...

Even banks and financial institutions that offer 12 month targets often get them wrong, FX is just notoriously unpredictable.

The post made it clear over long term, not short term movements.

 

[d5dude]

PLEASE DO NOT DERAIL!

We hear you boss, there is no need to shout.

 

[PhantomOpera]

UOB Stash is the highest followed by OCBC Statement 88 days lock in promo then I think is Maybank.

UOB stash only good for less than $100k, right?
For amounts more than $100k, OCBC 88 is better? Thanks

 

[JetStorm]

UOB stash only good for less than $100k, right?
For amounts more than $100k, OCBC 88 is better? Thanks

uob stash is tiered. so to hit 2.04% need to put 100k. more than 100k ocbc 88 or scb esaver are ok. maybank isavvy 1.6% need 200k

 

[jackiehuat]

uob stash is tiered. so to hit 2.04% need to put 100k. more than 100k ocbc 88 or scb esaver are ok. maybank isavvy 1.6% need 200k

I have not received the OCBC 88-day interests since it was due last month.

 

[tiertime]

I have not received the OCBC 88-day interests since it was due last month.

Have u called them to inquire yet ?
Yours maturity is which date ?

 

[jackiehuat]

Have u called them to inquire yet ?
Yours maturity is which date ?

Just called. Asked me to wait till 31 October 2025.

 

[Sausage]

for the OCBC statement 88 promo, has anyone received any sms telling you that you are successfully registered?

I filled up the form some days ago but still no sms. is it we must wait till 1 November to find out?


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[lzydata]

Fixed Deposit Promotion

Interest rates effective from 13 October 2025
Tier/Tenure $20,000 and above
3 Month 1.30% p.a.
6 Months 1.35% p.a.
9 Months 1.10% p.a.
12 Months 1.05% p.a.

Vivid Fixed Deposit

Tier/Tenure Interest Rate
3 Months 1.35%
6 Months 1.40%

https://www.sfl.sg/promo_fd.php
https://www.sfl.sg/personal_svv_fixed_deposit.php

The latest offer rates from Singapura Finance.

 

[pearl_ml]

Just to clarify the October EGA BI. To be eligible for the October and December EGA BI and the Everyday Reward, I need to do the following:

October
1. Register Oct EGA BI
2. Deposit 5k amount
3. Perform 7 credit/debit payment transactions
4. Make 5 transfers to other banks for the Everyday Reward

November
1. Withdraw the full amount to other bank
2. No other action required

December
1. Deposit 5k amount again
2. Perform 7 credit/debit payment transactions
3. Make 5 transfers to other banks for the Everyday Reward


Is it correct?

 

[ThreeSteps]

Just to clarify the October EGA BI. To be eligible for the October and December EGA BI and the Everyday Reward, I need to do the following:

October
1. Register Oct EGA BI
2. Deposit 5k amount
3. Perform 7 credit/debit payment transactions
4. Make 5 transfers to other banks for the Everyday Reward

November
1. Withdraw the full amount to other bank
2. No other action required

December
1. Deposit 5k amount again
2. Perform 7 credit/debit payment transactions
3. Make 5 transfers to other banks for the Everyday Reward


Is it correct?

more suitable for you to post these questions at the HSBC discussion thread: https://forums.hardwarezone.com.sg/threads/hsbc-step-up-promo-part-2.6319480/page-742

 

[PhantomOpera]

for the OCBC statement 88 promo, has anyone received any sms telling you that you are successfully registered?

I filled up the form some days ago but still no sms. is it we must wait till 1 November to find out?


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I just signed up too. No notification or sms too

 

[Sausage]

I just signed up too. No notification or sms too

I signed up about a week ago ... not sure if we have to wait till 1 Nov before the sms comes in.. if unsuccessful then lost a lot of interest .


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