Lastest S$ Deposit updates - Part 3

[vsvs24]

intending to spread my savings and place the following FD by 31 Jan, can let me know if any flaws?
1) RHB 12 mths@4.28%
2) CIMB 12 mths@4.15%
3) CIMB 18 mths@4.15%
4) OCBC 8 mths@4.08%

All 4 FD will have the same principal sum.

You think CIMB safer than RHB since you are putting more in CIMB despite RHB 12 mths being higher than CIMB 12 mths ?

 

[SantyBalls]

Can i ask how to be OCBC Premier client, to get the 4.18% FD rate? I transferred $300K to OCBC Bonus Plus (savings account) but still see only 4.08% FD rate. Need to call the bank?

Need to ask them to add you. Those useless bankers will insist you need to buy their useless financial products then can be premier. If you don't want, they also don't want you. Need to force them to show you the evidence, make sure to get the person name and everything, threaten to make him/her lose his job, then they will do for u.

Basically, if you choose not to buy their financial product, you cannot be a wimp.

Then the process takes afew weeks.

 

[EveMuffins]

You think CIMB safer than RHB since you are putting more in CIMB despite RHB 12 mths being higher than CIMB 12 mths ?

oh ya..I should put equal in RHB and CIMB. overlooked this. tks for pointing out.

 

[vsvs24]

oh ya..I should put equal in RHB and CIMB. overlooked this. tks for pointing out.

12 mths you should go for RHB. CIMB go for 18 mths.

 

[duhduhduh]

Last time got this bro update all the Deposit into this link, anyone still got the link? Forgot to bookmark the post previously...

 

[hotamp]

Last time got this bro update all the Deposit into this link, anyone still got the link? Forgot to bookmark the post previously...

money lobang also have a break down but not sure if its updated.

 

[F1ngolf2012]

Last time got this bro update all the Deposit into this link, anyone still got the link? Forgot to bookmark the post previously...

Are you referring to this link courtesy of @lzydata?
https://sgfd.neocities.org/

 

[ahnyaahnya]

Can i ask how to be OCBC Premier client, to get the 4.18% FD rate? I transferred $300K to OCBC Bonus Plus (savings account) but still see only 4.08% FD rate. Need to call the bank?

Contact them

 

[LouisSaha]

Need to ask them to add you. Those useless bankers will insist you need to buy their useless financial products then can be premier. If you don't want, they also don't want you. Need to force them to show you the evidence, make sure to get the person name and everything, threaten to make him/her lose his job, then they will do for u.

Basically, if you choose not to buy their financial product, you cannot be a wimp.

Then the process takes afew weeks.

I went to open before covid, they happy to serve me leh.
I never even buy their products or investment products at all.

 

[Jay9999]

Any idea what is the current rate for 12mth FD at Bangkok Bank Singapore?

 

[testingabc]

Any idea what is the current rate for 12mth FD at Bangkok Bank Singapore?

Did you read earlier post by other people ? See 12912

 

[Hyphos]

Dropping then y u no put 18mths for the same rate?

I usually put my money in stocks. Don't want to lock cash up too long.

 

[SantyBalls]

I went to open before covid, they happy to serve me leh.
I never even buy their products or investment products at all.

Lol before covid all of em nothing better to do.

Now everyday so busy they even turnaway premier customers hours b4 closing

 

[Jay9999]

Did you read earlier post by other people ? See 12912

Tbill 3.87%, SSB 2.97% and even
Bank of East Asia drop to 3.8%,
Bangkok Bank drop to 3.9%,
BOC drop to 3.9%.
Lets see what other banks follow on 1st Feb, time for some FD lock action

Got it! Thank you

 

[~sabaisabai~]

I usually put my money in stocks. Don't want to lock cash up too long.

all in?

 

[qhong61]

Can i ask if anyone placed more than 75K with CIMB FD ? I know can open multiple accounts to mitigate the risks but cimb's account opening is taking so long...

At ur own risk.
And with eye open.

 

[dango_daikazoku]

I usually put my money in stocks. Don't want to lock cash up too long.

So when you think the bull is coming?

 

[Hyphos]

all in?

So when you think the bull is coming?

Two cases:
1. 12 months down the road, interest rates remain high, so stocks (risk assets) prices stay low. Will still have opportunity to either further lock up FD/Tbill or buy into stocks then.
2. Interest rates go down. In that case, better not to have locked up money for so long so that can use to buy stocks on the ride up.

Either case, better not to lock up money too long hence I went for 12 mths instead of 18/24 months.

Anyway this out of topic for this thread.

 

[~sabaisabai~]

Two cases:
1. 12 months down the road, interest rates remain high, so stocks (risk assets) prices stay low. Will still have opportunity to either further lock up FD/Tbill or buy into stocks then.
2. Interest rates go down. In that case, better not to have locked up money for so long so that can use to buy stocks on the ride up.

Either case, better not to lock up money too long hence I went for 12 mths instead of 18/24 months.

Anyway this out of topic for this thread.

yes out of topics

 

[bladez87]

Two cases:
1. 12 months down the road, interest rates remain high, so stocks (risk assets) prices stay low. Will still have opportunity to either further lock up FD/Tbill or buy into stocks then.
2. Interest rates go down. In that case, better not to have locked up money for so long so that can use to buy stocks on the ride up.

Either case, better not to lock up money too long hence I went for 12 mths instead of 18/24 months.

Anyway this out of topic for this thread.

Good point. Forgot about the effects of lots ir on equities