Lastest S$ Deposit updates - Part 3

[Jov1623]

CIMB raised its FD rates for Dec.

TENURE	PERSONAL BANKING ONLINE PROMO INTEREST RATE(%P.A.) $10,000 AND ABOVE	PREFERRED BANKING ONLINE PROMO INTEREST RATE(%P.A.) $10,000 AND ABOVE
6 Months	3.95	4.00
9 Months	4.05	4.10
12 Months	4.15	4.20

Good to put 6 months ..

 

[Devilsire]

Are you on their e$aver Exclusive Bonus Interest (February 2022) Promotion for period 1 February 2022 to 31 May 2023 where you get to enjoy the higher interest given?

I'm on the Sep22-feb23 exclusive bonus invite, should be pretty much similar other than the period and initial bonus rate offered


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[Devilsire]

last night placed several 10ks for 18mth 4.15%. now thinking if I shall cancel a few and shorten the period


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[euro2012]

last night placed several 10ks for 18mth 4.15%. now thinking if I shall cancel a few and shorten the period


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lol 6 months more for a guaranteed 4.15% pa leh..

 

[Jov1623]

lol 6 months more for a guaranteed 4.15% pa leh..

V v good deal

 

[Devilsire]

lol 6 months more for a guaranteed 4.15% pa leh..

for info, recent MAS bill 4week cutoff is at 5.49% (12week at 4.5%)

am now thinking if I should cutback abit to store more bullets at 3.8% and do a wait and see approach

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[Jov1623]

for info, recent MAS bill 4week cutoff is at 5.49% (12week at 4.5%)

am now thinking if I should cutback abit to store more bullets at 3.8% and do a wait and see approach

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Wah .. so high

Think this time still can’t move up to 4 .. cpf power !

 

[Guojing88]

last night placed several 10ks for 18mth 4.15%. now thinking if I shall cancel a few and shorten the period


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Inverted yield curve means next year, you might be glad you have 6 more months of that rate.

 

[~sabaisabai~]

maybank issavy saving account, ADB 10k, increase from 2.1 to 2.8. Will get 2.8% bonus rate + 0.2% prevailing rate.. till Jan 2023

good place to park your funds there

 

[zer0ne]

maybank issavy saving account, ADB 10k, increase from 2.1 to 2.8. Will get 2.8% bonus rate + 0.2% prevailing rate.. till Jan 2023

good place to park your funds there

Above 200k then will get 3.2%.

 

[~sabaisabai~]

last night placed several 10ks for 18mth 4.15%. now thinking if I shall cancel a few and shorten the period


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if cancel, it will take 2 days to be back to your saving account if via phone...

 

[euro2012]

if cancel, it will take 2 days to be back to your saving account if via phone...

u enter cimb dec promo liao??

 

[Devilsire]

if cancel, it will take 2 days to be back to your saving account if via phone...

yeah, was told 2 day for my previous premature withdrawal via call, though funds was actually credited in next day (1 day).
i think i'll cancel a few today and store more bullets at 3.8% first. My sixth sense's telling me to gamble for higher of 4.5%+ in very near future
dont get me wrong though, 4.15% is still a very attractive rate now especially vs Tbill 6mth 3.8% and SSB 10yr 3.2-3.3%

 

[van123]

UOB must q to do withdrawal
Don’t know to wait or jump in now

 

[jywy2005]

UOB must q to do withdrawal
Don’t know to wait or jump in now

Ya. I placed with them at 2.6% in Sep. Thinking of terminating. Not sure whether got penalty for early termination? Cannot terminate via IB?

 

[Devilsire]

Ya. I placed with them at 2.6% in Sep. Thinking of terminating. Not sure whether got penalty for early termination? Cannot terminate via IB?

Cannot IB must Q, they wana generate long queues to attract more crowds of "good business"

 

[~sabaisabai~]

u enter cimb dec promo liao??

yeah, deployed some funds there...

 

[Devilsire]

upfront interests look good too at just 0.1% opportunity costs, can reroll interests straight away


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[~sabaisabai~]

Ya. I placed with them at 2.6% in Sep. Thinking of terminating. Not sure whether got penalty for early termination? Cannot terminate via IB?

usually FD cannot terminate via IB leh
same as CIMB, need to either call them or go down to the bank

 

[~sabaisabai~]

yeah, was told 2 day for my previous premature withdrawal via call, though funds was actually credited in next day (1 day).
i think i'll cancel a few today and store more bullets at 3.8% first. My sixth sense's telling me to gamble for higher of 4.5%+ in very near future
dont get me wrong though, 4.15% is still a very attractive rate now especially vs Tbill 6mth 3.8% and SSB 10yr 3.2-3.3%

4.15% is attractive.
deploy another fund lor if the rate go higher
terminating here and there, very headache leh
otherwise, dun place in FD first, put in the high yield saving acct, till the high rate that you are contented with
no one can predict jsut like stock market, we buy this price, it may continue to drop further
as long u happy with the rate, can liao lah, go higher u place another tranche again

tbill 3.8% not appealing anymore
cimb fd 6mth already 3.95% liao, and can terminate anytime no penalty