Everyone situation is different. For me I spread to different banks and giving RHB 4.28% a miss as need apply leave go so rugi. Other reader is work near there take a long lunch break to do. Some is maybe retired or happen need to clear leave.
Let me share my own strategy. I got X dollars so I will split them into different tenure. 1,3,6,9,12,18,24 etc months. Then within each tenure I hunt for the best rates. Criteria are minimum placement, terminate FD with no penalty, can DIY place and terminate FD.
So for your case say you fixed on 12 months FD. So far the best is RHB Cecil , Sing Investment CNY promo, CIMB. You want to diversify can choose how much to put in each of them so not all eggs in one basket
I think one reason is that they want us to know that they have a “good” physical presence in Singapore. The Cecil street branch is in a building called RHB Building. Not very big, but impressed me. Also they have a Jurong branch and park way parade branch. And premier center in Orchard. So not too bad. 4 Places at least.
If we could somehow know if RHB will have extend its HYSA bonus interest promo after Feb, even if they drop it a bit by 50bps, it is worth it. But if they abandon the promo, we have to quickly lock in to longer term FDs.
Seriously 4.25 is only a bit more of Sing Investment 4.23 and that no need buy insurance. Hence yesterday I lock 1-2 more placement with Sing Investment. I complete my 12 months tenure hunting. Now hunting for 1-3 months short term as I not on SCB invite and scared no extension of promo of those eSaver,iSavvy,hysa Feb 23 onwards
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