Lastest S$ Deposit updates - Part 3

[TerryPower]

How is the following offered by OCBC.

https://www.ocbc.com/personal-banki...1:social:FB-IG:RTG-WebVisitors:Static-Link-Ad:

From the link it says that for 2 years interest is 1.3%, any catch here.

this was previously by GE. same duration and returns.

 

[qhong61]

How is the following offered by OCBC.

https://www.ocbc.com/personal-banki...1:social:FB-IG:RTG-WebVisitors:Static-Link-Ad:

From the link it says that for 2 years interest is 1.3%, any catch here.

Great eastern

 

[limster]

Great eastern

I applied for the previous one. totally online. The policy will appear in your OCBC internet banking under 'insurance' which I find convenient - easier to keep track of holdings. I plan to put some more free cash into this.

Next year I got some 2.5% 3 year policies maturing and also quite a bit of the Frasers 3.65% is maturing too. Need to have a plan to roll over my policies/deposits.

 

[mojipei]

I applied for the previous one. totally online. The policy will appear in your OCBC internet banking under 'insurance' which I find convenient - easier to keep track of holdings. I plan to put some more free cash into this.

Next year I got some 2.5% 3 year policies maturing and also quite a bit of the Frasers 3.65% is maturing too. Need to have a plan to roll over my policies/deposits.

Is it the same as fixed deposit, but the interest is so much better? Since it says insurance, what kind of insurance is that, life insurance?

 

[qhong61]

I applied for the previous one. totally online. The policy will appear in your OCBC internet banking under 'insurance' which I find convenient - easier to keep track of holdings. I plan to put some more free cash into this.

Next year I got some 2.5% 3 year policies maturing and also quite a bit of the Frasers 3.65% is maturing too. Need to have a plan to roll over my policies/deposits.

What is Fraser's?

 

[limster]

What is Fraser's?

Fraser's 3.65% retail bond. Maturing next year after collecting many years of 3.65% interest.... sad....

 

[katana71]

well it had a good run...

 

[mojipei]

I applied for the previous one. totally online. The policy will appear in your OCBC internet banking under 'insurance' which I find convenient - easier to keep track of holdings. I plan to put some more free cash into this.

Next year I got some 2.5% 3 year policies maturing and also quite a bit of the Frasers 3.65% is maturing too. Need to have a plan to roll over my policies/deposits.

Do you mind to explain what kind of insurance is that? It looks the same as fixed deposit, 2 years, 1.3%, Isn't it attractive? From a consumer, what is the risk? Sorry, newbie here.

 

[qhong61]

Do you mind to explain what kind of insurance is that? It looks the same as fixed deposit, 2 years, 1.3%, Isn't it attractive? From a consumer, what is the risk? Sorry, newbie here.

U will lose some capital if u withdraw before two yrs.

 

[qhong61]

Any body bought Chinese currency deposit?

 

[lzydata]

Do you mind to explain what kind of insurance is that? It looks the same as fixed deposit, 2 years, 1.3%, Isn't it attractive? From a consumer, what is the risk? Sorry, newbie here.

The insurance coverage is for death and Total & Permanent Disability. If you do not claim insurance, it does work very similarly to a fixed deposit. You just place a single premium and get your money back with the promised interest after 2 years - not more, and not less.

 

[mojipei]

The insurance coverage is for death and Total & Permanent Disability. If you do not claim insurance, it does work very similarly to a fixed deposit. You just place a single premium and get your money back with the promised interest after 2 years - not more, and not less.

Thank you for the explanation.

 

[dragonics]

Fraser's 3.65% retail bond. Maturing next year after collecting many years of 3.65% interest.... sad....

Haha.. i had this bond as well

 

[dappermen]

Haha.. i had this bond as well

@limster
but tht shd b many yrs bk w such Rate

 

[vsvs24]

@limster
but tht shd b many yrs bk w such Rate

Last one standing. The rest like the bank preference shares at 5% and DBS preference shares at 4.7% fully redeemed liao

 

[limster]

Last one standing. The rest like the bank preference shares at 5% and DBS preference shares at 4.7% fully redeemed liao

yup, after this is redeemed I will have remaining:

SIA 3.03%, Temasek 2.7%, Astrea IV 4.35%, Astrea V 3.85%, Astrea VI 3%, and various 2.5% SSB.

Anyway, since so easy to apply for GE 2yr 1.3%, I applied for another $10k. Pay by paynow, SMS confirmation of payment received within minutes.

Like I mentioned, the GE policy appears in my OCBC internet banking under 'insurance', so I guess it counts towards maintaining premier banking AUM, though I don't think OCBC removes your PB status if you fall below

 

[FD Trinitron]

I checked GE webpage and it stated fully subscribed and closed.

But OCBC no mention this policy is closed?
I intended to withdraw some FD to deposit into this, I called OCBC hotline but seems like they not certain, it will be a waste if I withdraw my FD (few months old) and later found out this policy is closed, anyone signed up for this plan successfully today?

 

[WilsonH]

I checked GE webpage and it stated fully subscribed and closed.

But OCBC no mention this policy is closed?
I intended to withdraw some FD to deposit into this, I called OCBC hotline but seems like they not certain, it will be a waste if I withdraw my FD (few months old) and later found out this policy is closed, anyone signed up for this plan successfully today?

you can register first, after secured your slots then pay.

 

[~sabaisabai~]

I checked GE webpage and it stated fully subscribed and closed.

But OCBC no mention this policy is closed?
I intended to withdraw some FD to deposit into this, I called OCBC hotline but seems like they not certain, it will be a waste if I withdraw my FD (few months old) and later found out this policy is closed, anyone signed up for this plan successfully today?

GE website for this GE SP Series 4 is closed...
Try OCBC site, see if it is still available

 

[qhong61]

Anyone bought FWD tranche before?