Lastest S$ Deposit updates - Part 3

[pratik28]

OCBC updated 88 days promo @ 1.4% pa until 31 March

 

[Skoda29]

CIMB 1.35%pa for 6mths for preferred customer.

 

[JetStorm]

is HSBC 1.65% really no frill ? just put money in?

Sorry forgot to put a ^ that means need to earmark.

Table updated!

 

[Sausage]

CIMB announced their 1.98% promo for Mar and Apr.
Can I know how it works?
They say

first 25k: 0.5% pa
next 25k: 1.08% pa
next 25k: 1.58% pa
next 25k: 0.5% pa

So if I have 100k, I won't get 1.98% for all, is that correct? I will get 0.5% for the first 25k, 1.08% for the next 25k, and so on? Or is it calculated as you get 1.98% if you put in 100k?

 

[sibeiTrolled]

So if I have 100k, I won't get 1.98% for all, is that correct? I will get 0.5% for the first 25k, 1.08% for the next 25k, and so on? Or is it calculated as you get 1.98% if you put in 100k?

Still staggered rates.

AMount	%	Int
25000​	0.50%​	125​
25000​	1.08%​	270​
25000​	1.58%​	395​
25000​	0.50%​	125​

^ is the base IR calculation
AMount = 100k
Interest sum = 915
EIR = 0.915%

So assuming you MEET ALL requirements as shown on website - https://www.cimb.com.sg/en/personal.../savings-accounts/cimb-fastsaver-account.html

AMount	%	Int
25000​	2.30%​	575​
25000​	1.38%​	345​
25000​	1.88%​	470​
25000​	0.80%​	200​

^ is the ALL REQUIREMENTS MET IR calculation
AMount = 100k
Interest sum = 1590
EIR = 1.59%

 

[pratik28]

Guaranteed returns of 1.6% per annum over 2 years​

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

 

[tehhalia]

All these cmi rates really depressing.

 

[Mr.Canberra]

All these cmi rates really depressing.

Take 5% of your investable amount and go on a cruise ship to gamble.

Maybe even with peanut winnings it has a higher ROI than FDs.

 

[pratik28]

All these cmi rates really depressing.

ya lah but to each their own ya , the traction varies from person to person right , risk tolerance , capital guranteed , liquidity , risk averse , what age and stage of life , etc.

I am sure der r ppl who r 100% only in capital guranteed instruments and are satisfied with these rates , as long as can sleep well at night haha.

Some want only capital guranteed , some into corporate bonds or funds , some UTs while some into stocks & ETFs , some only DBS , some in SG market while some foreign stocks & forex , crypto bitcoins , etc etc
and not to forget the shiny things , gold / silver hahaha.