Lastest S$ Deposit updates - Part 3

student_sdu

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Saw icbc is offering 2.1% for one yr tenure , from their app a few of days ago.
 

Squaredot

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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.
 

student_sdu

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Oh I see, I didn't log in to take a closer look, seems like they made this step up fd available online also.

This month end's t bill might be better.

Not a normal FD.

1st quarter year - 1.5%
2nd quarter - 1.7%
3rd quarter - 1.9%
4th quarter - 2.1%

Starting amount = $5K.
 

mangomilkshake

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Maybank FD last 1-2 years has many patterns.
Must deposit every $1000 to FD $10,000.
Some banks also have base rate + bonus rate.
I think I am just too simple minded to understand the complex.

Any abalone CNY FD promotion for 2019?
 

cezzyish

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HSBC

Hi all,

I am curious why no one in this thread talks about HSBC step up promotion? I don't do esaver/ maybank but I reckon HSBC step up is a similar product? (or maybe not since the 3-ish rate requires card spend hence not as hassle free). HSBC step up new promotion with card spend gives 3.38% for premier... without card spend is 1.88%, Asking because contemplating moving funds out from UOB one acct for 3.38 (vs my current best 2.436% for One) and wondering if I've missed something crucial about HSBC step up that'd kept the gurus out all this time.
 

vsvs24

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Hi all,

I am curious why no one in this thread talks about HSBC step up promotion? I don't do esaver/ maybank but I reckon HSBC step up is a similar product? (or maybe not since the 3-ish rate requires card spend hence not as hassle free). HSBC step up new promotion with card spend gives 3.38% for premier... without card spend is 1.88%, Asking because contemplating moving funds out from UOB one acct for 3.38 (vs my current best 2.436% for One) and wondering if I've missed something crucial about HSBC step up that'd kept the gurus out all this time.

There is separate thread for HSBC step up promo. 3.38% is not correct as debit card bonus is for first $100k only. So with 200k required for premier, effective interest rate is about 2.63%.

Debit card spend is $800 vs no card spending for esaver and maybank isavvy. And quite a number of people don't have 200k. Maybank min is just 20k. Esaver is it 1k ? And there are those who don't want to place more than SDIC cover of 50k.

A lot of things to remember for HSBC. Plus it takes so long to get the interest - 1 to 2 mths later. Esaver will get all interest in last day of mth. Maybank will get base on last day of mth and bonus in about a week.

So HSBC not for those who don't want to track continuously.

Edit : Since you moving out from UOB One, reckon amount is 75k. In that case, comparison would be for HSBC Advance, not HSBC premier. Then effective interest rate is not even 2.63% for you since advance is 1.8% vs premier 1.88%.
 
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cezzyish

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There is separate thread for HSBC step up promo. 3.38% is not correct as debit card bonus is for first $100k only. So with 200k required for premier, effective interest rate is about 2.63%.

Debit card spend is $800 vs no card spending for esaver and maybank isavvy. And quite a number of people don't have 200k. Maybank min is just 20k. Esaver is it 1k ? And there are those who don't want to place more than SDIC cover of 50k.

A lot of things to remember for HSBC. Plus it takes so long to get the interest - 1 to 2 mths later. Esaver will get all interest in last day of mth. Maybank will get base on last day of mth and bonus in about a week.

So HSBC not for those who don't want to track continuously.

Edit : Since you moving out from UOB One, reckon amount is 75k. In that case, comparison would be for HSBC Advance, not HSBC premier. Then effective interest rate is not even 2.63% for you since advance is 1.8% vs premier 1.88%.


Thanks much for your comments and for highlighting interest crediting part takes much longer for HSBC...

For Premier account, there're several ways to qualify and i'm not planning to place 200k with them. If I pump in funds up to 100k (total withdrawal of 75K from One + idling funds in CIMB fastsaver), the 3.38% may prove to be attractive since i'm already chalking up $500 spend with One anyhow.
 

vsvs24

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Thanks much for your comments and for highlighting interest crediting part takes much longer for HSBC...

For Premier account, there're several ways to qualify and i'm not planning to place 200k with them. If I pump in funds up to 100k (total withdrawal of 75K from One + idling funds in CIMB fastsaver), the 3.38% may prove to be attractive since i'm already chalking up $500 spend with One anyhow.

You miss out the best part if you don't topup 200k. I won't say further.
 
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