Lastest S$ Deposit updates - Part 3

[sohguanh]

Meaning if yesterday FD rate eg. 4% & today rate 3.5%, can ask them to backdate and follow yesterday rate?

Good question we wait for readers here to share can or not. Backdate first I hear come from CIMB.

 

[bberry]

I applied for RHB 4.1% FD online under Joint Account (with wife) last saturday. It requires 1 working day to be approved. It was approved this afternoon.

I want to apply another FD Joint (with wife) online, but it don't allow bcos the 'Joint applicant (ID) already has this FD account'. I then called the hotline for clarification. Apparently for online, can only apply once with the Joint Applicant, if want more, go down to the branch, really dumb. Anyway, the CSO has raised a request to allow me to apply for multiple FDs with the same Joint applicant online...have to wait if this will be approved or not.

Edit : Update. The RHB CSO is very responsive. Called me quickly to answer my questions.
Apparently you can apply fr multiple placements under the same Joint Account online anytime, just that i select the wrong button. i blur.

 

[sohguanh]

I applied for RHB 4.1% FD online under Joint Account (with wife) last saturday. It requires 1 working day to be approved. It was approved this afternoon.

I want to apply another FD Joint (with wife) online, but it don't allow bcos the 'Joint applicant (ID) already has this FD account'. I then called the hotline for clarification. Apparently for online, can only apply once with the Joint Applicant, if want more, go down to the branch, really dumb. Anyway, the CSO has raised a request to allow me to apply for multiple FDs with the same Joint applicant online...have to wait if this will be approved or not.

I am curious why want to apply as joint is it the monies got some is come from wife? If it is save all troubles just ask her open a account under her name unless she not enough to cough out the 20K?

 

[V_for_Vanilla]

Backdate can. Date it next day I never hear before.

I thought if cheque submission, the FD will start only the following day after being cleared.

 

[bberry]

I am curious why want to apply as joint is it the monies got some is come from wife? If it is save all troubles just ask her open a account under her name unless she not enough to cough out the 20K?

In case one party die, the other can get access to it easier/faster.

 

[sohguanh]

In case one party die, the other can get access to it easier/faster.

This make sense if the amount you put is a lot. You and wife putting a lot? For me no joint account for me as I dun want my monies so easily let ppl take and spend once I die

 

[saintgtril]

As of now ppl going for 1 month ICBC 3.6%. 3 month ICBC 3.9%. 6 month BOC 4.0% or CIMB 4.0%. 9 month CIMB 4.05,4.10% or BOC 4.0%. 12 month RHB go Cecil branch 4.28%. Sing Investment CNY promo 4.23%. CIMB 4.15,4.20%. RHB mobile app 4.10%

That means RHB has the best rate as of now - 4.28%. Thanks for sharing.

 

[lsk007]

In case one party die, the other can get access to it easier/faster.

Yes correct, that's one of the purposes why there are couples go for joint account

 

[saintgtril]

Hi all, for the 4.28 RHB Cecil branch promotion, do we need to transfer the existing fund from RHB account for the FD - so that it is fresh fund?

Thanks in advance.

 

[slang]

Any idea how is the Queue at RHB Cecil branch like? I m keen to start the fixed Deposit. I do not have any RHB Account currently.

Longest term is 12 mths? Or they have 18 mths or 24mths as well like CIMB?

 

[bberry]

Any idea how is the Queue at RHB Cecil branch like? I m keen to start the fixed Deposit. I do not have any RHB Account currently.

Longest term is 12 mths? Or they have 18 mths or 24mths as well like CIMB?

RHB 4.28% for 12 months is a promo, only at the cecil branch
For online or at other branches, 4.1% for 12 months and 24 months are available

 

[bberry]

This make sense if the amount you put is a lot. You and wife putting a lot? For me no joint account for me as I dun want my monies so easily let ppl take and spend once I die

don't u have loved ones that u wanna leave yr assets behind to when you passed on?

 

[magicming]

Hi all, for the 4.28 RHB Cecil branch promotion, do we need to transfer the existing fund from RHB account for the FD - so that it is fresh fund?

Thanks in advance.

No need. Can be transfer from any account. Cashier’s order or cheque also can.

 

[magicming]

Any idea how is the Queue at RHB Cecil branch like? I m keen to start the fixed Deposit. I do not have any RHB Account currently.

Longest term is 12 mths? Or they have 18 mths or 24mths as well like CIMB?

For promo rates, RHB have upto 24 months. I couldn’t find promo rates for CIMB 24 months. What is cimb fd rate for 24 months?

 

[bberry]

For promo rates, RHB have upto 24 months. I couldn’t find promo rates for CIMB 24 months. What is cimb fd rate for 24 months?

dont think CIMB has any FD promo for 24 months, just their board rates

 

[bargin]

That means RHB has the best rate as of now - 4.28%. Thanks for sharing.

RHB promotion FD rate 4.28% till 31 Jan 2023

 

[luvpraline]

I applied for RHB 4.1% FD online under Joint Account (with wife) last saturday. It requires 1 working day to be approved. It was approved this afternoon.

I want to apply another FD Joint (with wife) online, but it don't allow bcos the 'Joint applicant (ID) already has this FD account'. I then called the hotline for clarification. Apparently for online, can only apply once with the Joint Applicant, if want more, go down to the branch, really dumb. Anyway, the CSO has raised a request to allow me to apply for multiple FDs with the same Joint applicant online...have to wait if this will be approved or not.

Edit : Update. The RHB CSO is very responsive. Called me quickly to answer my questions.
Apparently you can apply fr multiple placements under the same Joint Account online anytime, just that i select the wrong button. i blur.

Did they send you an email to confirm successful placement of the 24 months FD? And wonder if rhb will send a letter to confirm placement?

 

[vsvs24]

I applied for RHB 4.1% FD online under Joint Account (with wife) last saturday. It requires 1 working day to be approved. It was approved this afternoon.

I want to apply another FD Joint (with wife) online, but it don't allow bcos the 'Joint applicant (ID) already has this FD account'. I then called the hotline for clarification. Apparently for online, can only apply once with the Joint Applicant, if want more, go down to the branch, really dumb. Anyway, the CSO has raised a request to allow me to apply for multiple FDs with the same Joint applicant online...have to wait if this will be approved or not.

Edit : Update. The RHB CSO is very responsive. Called me quickly to answer my questions.
Apparently you can apply fr multiple placements under the same Joint Account online anytime, just that i select the wrong button. i blur.

Can share which is right and wrong button ?

Planning to do multiple FDs in sans Joint FD account too.

Thanks

 

[SantyBalls]

It makes no sense to make ppl come from all over Sg to this particular branch.It will be wiser to open up to all branches as the outreach to customers is wider.Many elderlies around here and you dun expect them to buy other products if that is what they are targeting.

Elderly only go for reputable banks. The elderly here are a special breed cannot use as common ref

 

[IcYFl4mEz]

to confirm, for CIMB , i can do multiple times of the FD for 12 and 18months right?
like 50k 12months
40k 18months
50k 18months etc