Lastest S$ Deposit updates - Part 3

[euro2012]

is it better to put 12 or 18 month for cimb 4.15% ? cos after 1 year later, interest may not that good? better to put 18 month?

18mths decent, i went for it..

 

[Jorgensen]

Anyone know how long it take for CIMB FD 4.15% application approval? Applied last Tuesday but still no news yet

 

[yumsang]

Anyone know how long it take for CIMB FD 4.15% application approval? Applied last Tuesday but still no news yet

FD need approval? if accepted your cheque or already processed should start immediately

 

[Jorgensen]

FD need approval? if accepted your cheque or already processed should start immediately

Thought I would be given CIMB Clicks Internet Banking details to log in my account. Or do I need to register IB separately?

 

[euro2012]

B FD 4.15% application approval? Applied last Tuesday but still

mine's instant successful though..need to wait meh??

 

[jywy2005]

Thought I would be given CIMB Clicks Internet Banking details to log in my account. Or do I need to register IB separately?

Did you visit the bank to make FD deposit? They should have opened the savings account for you and give you the IB login details.

 

[Jorgensen]

mine's instant successful though..need to wait meh??

Mine is Online application. My new CIMB Account number was sent to me
But how to transfer fund via Fast without any detail like Recipient’s Name, Account Number and Bank Code?

 

[henrylbh]

wah any bank in sg will make you Premier client and serve you in their business class lounge

They wont bother you unless ur in their private client customer base + with investment. $250k nowadays is not even alot…

Ya are right that they don't bother. In Dec 2019 and Jan 2020, I had more than 1m sitting in ordinary isavvy savings account, after liquidating some structured products, the bank never bother to call or invite me Any way I never keen in priority, though SCB and OCBC gave me automatically and don't bother to cancel my priority even when my balances fell to less than 5 figures for years already.

 

[keemmeng]

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

I don’t know if I should go thru the hassle of cancelling the FD and re-placing the same sum. I placed on 1 June 2022 at 1.6% for 12 months. if I cancel next Mon, and place 6 months at 3.95%, the FD will mature around the same time and the interest paid is higher.



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[henrylbh]

I don’t know if I should go thru the hassle of cancelling the FD and re-placing the same sum. I placed on 1 June 2022 at 1.6% for 12 months. if I cancel next Mon, and place 6 months at 3.95%, the FD will mature around the same time and the interest paid is higher.



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My classmate cancelled 2 FDs at very low rate and he had to pay 111 and 3xx penalty. Now he very happy that he got T-bills paying 4% and 3.9%.

 

[jywy2005]

My classmate cancelled 2 FDs at very low rate and he had to pay 111 and 3xx penalty. Now he very happy that he got T-bills paying 4% and 3.9%.

That’s a lot of penalty to pay. Any idea which bank?

 

[owenowenno]

mine's instant successful though..need to wait meh??

May i know for CIMB instant successful,
was it for a FD and is it because you are pre-existing Cimb Fastsaver or already have existing CIMB Starsaver account?

 

[euro2012]

May i know for CIMB instant successful,
was it for a FD and is it because you are pre-existing Cimb Fastsaver or already have existing CIMB Starsaver account?

im a preexisting cimb fastsaver customer..

 

[Jov1623]

Sigh , I bought the GE endowment at 2.3 pa .. in June for 2 yrs , if withdraw now , I need to pay $1000 as penalty

 

[qhong61]

Sigh , I bought the GE endowment at 2.3 pa .. in June for 2 yrs , if withdraw now , I need to pay $1000 as penalty

2.30% not bad.

 

[TehSi99]

Sigh , I bought the GE endowment at 2.3 pa .. in June for 2 yrs , if withdraw now , I need to pay $1000 as penalty

No point thinking about it.
2.3% is not bad. Just that interest rate went up fast and furious recently.

 

[demoforce1]

Sigh , I bought the GE endowment at 2.3 pa .. in June for 2 yrs , if withdraw now , I need to pay $1000 as penalty

I have 1.2% in Jan for 2 years

 

[keemmeng]

Sigh , I bought the GE endowment at 2.3 pa .. in June for 2 yrs , if withdraw now , I need to pay $1000 as penalty

I thought the penalty is more than $1,000?


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[alex22]

I thought the penalty is more than $1,000?


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About 7% of principal

 

[Jov1623]

About 7% of principal

I Nvr ask exact amount since I can’t withdraw