Lastest S$ Deposit updates - Part 3

Lè Crayons

Lè Crayons

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keemmeng said:
Sorry if this is the wrong thread to pose the question. I purchased the Great SP Series 7 at 2.3% one year ago and just received the notification that there is a Survival Benefit that I can withdraw in cash or leave it with Great Eastern. Is there any benefit in leaving with GE? I wasn’t aware that that I can withdraw something midterm. I thought I will get the principal and the 2.3% only at the end of 2 years. Appreciate if anyone can advise. TIA!


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The interest you can get every year... but it's your choice if you want to withdraw or leave with GE to earn some extra interest that GE will give.

I usually leave the interest with GE and let it earn some extra interest. Interest earn interest. Upon maturity get all the money.
 
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royalmix

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keemmeng said:
Sorry if this is the wrong thread to pose the question. I purchased the Great SP Series 7 at 2.3% one year ago and just received the notification that there is a Survival Benefit that I can withdraw in cash or leave it with Great Eastern. Is there any benefit in leaving with GE? I wasn’t aware that that I can withdraw something midterm. I thought I will get the principal and the 2.3% only at the end of 2 years. Appreciate if anyone can advise. TIA!


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I prefer to take interest instead of leaving it with them as they cannot guarantee the high interest I get now ! I can get more than 4%, they cannot pay!
 
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keemmeng

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Lè Crayons said:
The interest you can get every year... but it's your choice if you want to withdraw or leave with GE to earn some extra interest that GE will give.
I usually leave the interest with GE and let it earn some extra interest. Interest earn interest. Upon maturity get all the money.
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thanks all for the replies. I'm wondering if the interest on this is also 2.3%


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maumu

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need to shift around $40k to an account that is fuss free and high(er) rates than 0.05%. any suggestions?

to park for one month -.-
 
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lzydata

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FD database updated for 1 July

sgfd neocities org

Exclusive SGD Time Deposit Promotions
Citi Promotions

• Enjoy up to 3.68%* p.a. on a 3-month SGD Time Deposit. With new funds placement of S$250,000 to S$3 million

• Enjoy up to 3.78%^ p.a. on a 3-month SGD Time Deposit. With new funds placement of S$250,000 to S$3 million

* Citibank SGD Time Deposit Promotion terms and conditions apply. Applicable to all existing or New-To-Bank clients and Citigold clients.

^ Citibank SGD Time Deposit Promotion terms and conditions apply. Applicable to all clients of Citigold Private Client.

https://www.citibank.com.sg/static/all-promo/?lid=SGENCBLDPLNTLPromotionsDPLN&filter=deposits
 
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Sambuca78

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Wanna ask, I have 2x $5000 3 mths 3.5% FD with BOC deposited on 22 May.

If i cancel today, what is interest rate will i get? Thanks.
 
white_prince

white_prince

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lzydata said:
FD database updated for 1 July

sgfd neocities org

Exclusive SGD Time Deposit Promotions
Citi Promotions

• Enjoy up to 3.68%* p.a. on a 3-month SGD Time Deposit. With new funds placement of S$250,000 to S$3 million

• Enjoy up to 3.78%^ p.a. on a 3-month SGD Time Deposit. With new funds placement of S$250,000 to S$3 million

* Citibank SGD Time Deposit Promotion terms and conditions apply. Applicable to all existing or New-To-Bank clients and Citigold clients.

^ Citibank SGD Time Deposit Promotion terms and conditions apply. Applicable to all clients of Citigold Private Client.

https://www.citibank.com.sg/static/all-promo/?lid=SGENCBLDPLNTLPromotionsDPLN&filter=deposits
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Fresh funds… haha!
cos almost all the new clients put in take out then close accounts.
 
white_prince

white_prince

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maumu said:
zzz. I have neither account. not sure if I wanna open one just for the sake of parking for one month.. while waiting for new cycle of HSBC or eSaver.

then later still have to close again.

really 1st world problem -.-"
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so troublesome need to open and close
 
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sohguanh

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maumu said:
zzz. I have neither account. not sure if I wanna open one just for the sake of parking for one month.. while waiting for new cycle of HSBC or eSaver.

then later still have to close again.

really 1st world problem -.-"
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That is why different reader has different strategy. Some prefer to hold lotsa of cash looking for good rate but short term. Some will have some locked in longer term and some is short term and the percentage allocation for long and short term varies among readers.

When I read posts like yours and in other forum it mean perhaps your short term monies allocation is too high which explain why you got this issue. If your short term monies is only say less than 5k or even lesser the one month don't really lose out a lot of interest. Of cuz that is my own strategy and with this I do not have so much headache.
 
peppermint7

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maumu said:
zzz. I have neither account. not sure if I wanna open one just for the sake of parking for one month.. while waiting for new cycle of HSBC or eSaver.

then later still have to close again.

really 1st world problem -.-"
Click to expand...
I don't have SIF but for Maybank i savvy no need close. Just leave it open as $0 when not in use is ok right? Though my Maybank i leave $500. But my esaver i leave 0 for months. Only when needs arises such as this month then I'll use it again. Just make sure to only transfer in avoiding the fall below fee deduction hour. Can check at Maybank thread any issue for leaving as 0. So far for HSBC, Standchart, CIMB and RHB i have no problem in that.
 
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