Lastest S$ Deposit updates - Part 3

KenLBH

Member
Joined
Jul 1, 2010
Messages
330
Reaction score
1
if i only have 20k now,

is it better to open esaver and maybank isavvy and transfer the fund back and

fro between scb and maybank?


OR


put into saving bonds which is like approximately 2% too?


I need some expert analysis from the old timers here.

Thanks in advance
 

Mr. Wood

Arch-Supremacy Member
Joined
Oct 4, 2013
Messages
24,689
Reaction score
4,685
as of last week promo rates
OCBC, SIF about 1.6-1.7
RHB, CIMB about 1.7-1.8
 

SKenny

Banned
Joined
Jul 26, 2017
Messages
17,521
Reaction score
10
if i only have 20k now,

is it better to open esaver and maybank isavvy and transfer the fund back and

fro between scb and maybank?


OR


put into saving bonds which is like approximately 2% too?


I need some expert analysis from the old timers here.

Thanks in advance

SSB offers better value provided you still have not exceed the limit.
 

Bombermankid

Member
Joined
Jun 5, 2015
Messages
310
Reaction score
6
Thanks! Just saw it. If it's a transfer between maybank account but different account holder does it consider it as fresh funds?

Technically it should not count, but it seems like most banks are closing one eye to this "fresh funds" definition.
 

Bonhun

Member
Joined
Jul 1, 2016
Messages
188
Reaction score
0
I see, I just called in and they mention as long the account holder is different it is considered as 'fresh'. But the customer service lady didn't sound convincing so I will just go ahead and try for this month to see how it goes. Thanks Bombermankid and hope they really close one eye!
The interest for isavvy account is shown as one interest transaction or two transactions? I see my statement only shows the base innterest credited on 31 Dec.:s11:

Technically it should not count, but it seems like most banks are closing one eye to this "fresh funds" definition.
 

Bombermankid

Member
Joined
Jun 5, 2015
Messages
310
Reaction score
6
I see, I just called in and they mention as long the account holder is different it is considered as 'fresh'. But the customer service lady didn't sound convincing so I will just go ahead and try for this month to see how it goes. Thanks Bombermankid and hope they really close one eye!
The interest for isavvy account is shown as one interest transaction or two transactions? I see my statement only shows the base innterest credited on 31 Dec.:s11:

The bonus interest only comes in a few days later. Perhaps this thread might be more suitable if you have more questions regardin iSavvy account.

https://forums.hardwarezone.com.sg/money-mind-210/maybank-isavvy-1-3%-1-5%-promo-5203792.html#135
 

ahchan

Member
Joined
Apr 20, 2001
Messages
123
Reaction score
0
SSB interest for FEB-2019

Seems the interest rate for Feb-2019 is lower than the Jan-2019 batch.
I thought in raising interest rate environment, the SSB rate should also goes up? Interesting to see how did they actually arrive at the interest rate for the SSB ?
 

Squaredot

Arch-Supremacy Member
Joined
Feb 12, 2009
Messages
12,827
Reaction score
2,092
I just phoned Bangkok Bank.
It's 2.3% for min $200k.
This is the only FD promotion now.

Fyi.
 

tiertime

Supremacy Member
Joined
Jan 20, 2011
Messages
5,209
Reaction score
109
I just phoned Bangkok Bank.
It's 2.3% for min $200k.
This is the only FD promotion now.

Fyi.


200k is too much for a bangkok bank
SDIC only insure $50k... joint 2 names only insure $100k

if is 100k at 2.3% then can consider...
 

limchooc

Member
Joined
Sep 11, 2001
Messages
343
Reaction score
9
HLF FD Promo

Friend told me he renewed his FD at HLF day before Xmas eve and was offer 1.95% for 12 mths. HLF claim this is limited promo for Xmas only but I believe similar promo will be available for CNY as well.
 

tiertime

Supremacy Member
Joined
Jan 20, 2011
Messages
5,209
Reaction score
109
Friend told me he renewed his FD at HLF day before Xmas eve and was offer 1.95% for 12 mths. HLF claim this is limited promo for Xmas only but I believe similar promo will be available for CNY as well.

min required amount is how much?
 

student_sdu

Junior Member
Joined
May 15, 2008
Messages
69
Reaction score
0
Saw icbc is offering 2.1% for one yr tenure , from their app a few of days ago.
 

Squaredot

Arch-Supremacy Member
Joined
Feb 12, 2009
Messages
12,827
Reaction score
2,092
200k is too much for a bangkok bank
SDIC only insure $50k... joint 2 names only insure $100k

if is 100k at 2.3% then can consider...
Ya lor, I will consider even if it's $100k at 2.2%.
But currently they have no promo rates for deposits less than $200k.
 
Important Forum Advisory Note
This forum is moderated by volunteer moderators who will react only to members' feedback on posts. Moderators are not employees or representatives of HWZ. Forum members and moderators are responsible for their own posts.

Please refer to our Terms of Service for more information.
Top