Lastest S$ Deposit updates - Part 3

[sohguanh]

what's the risk?

how about Fullerton money market fund??

Risk is higher than MMF can have red colour. So you see past history how many green and how many red and the red is how red very red or a bit red.

Fullerton Cash Fund invest in foreign bank FD of cuz more safer but then rates drop lor. Unless the fund manager source for new lobang to complement the FD else I don't see how the fund returns can be so good. We pay mgmt fees to fund managers to do work and now is good time to witness they skilful or not or another eat finish rice pattern.

 

[~sabaisabai~]

Risk is higher than MMF can have red colour. So you see past history how many green and how many red and the red is how red very red or a bit red.
Fullerton Cash Fund invest in foreign bank FD of cuz more safer but then rates drop lor. Unless the fund manager source for new lobang to complement the FD else I don't see how the fund returns can be so good. We pay mgmt fees to fund managers to do work and now is good time to witness they skilful or not or another eat finish rice pattern.

thanks bro. I go explore

 

[maumu]

Citibank closed its last branch in spore

To peasants only, Citi Wealth Hub is still open.
https://www.citibank.com.sg/wealth-management/wealth-hub/

wow, no more retail/personal banking for citibank? then their true cashback credit card how?

citibank used to be quite good... remember the high step-up interest rates many years back. their customer service also not bad... (back then, not sure now)

 

[jess_sy]

Received email from ocbc, 3.1% for 3 mths min 30k. Promo code OCBC310

Seems like no more 3.1%. Now is 3%.....

 

[peppermint7]

anyone here has applied for the dbs endowment 3.12%?
it says via digibank, does it need to make payment immediately?

Just sharing my experience. I actually applied SavvyEndowment 16 on 31st July (last day of the promo). Money was deducted instantly. Though there's confirmation emails etc etc, my was dated 31st July. As for the shopping vouchers, til date I'm still waiting for it. They are pretty slow in this. I hope they don't forget about me

 

[lzydata]

wow, no more retail/personal banking for citibank? then their true cashback credit card how?

citibank used to be quite good... remember the high step-up interest rates many years back. their customer service also not bad... (back then, not sure now)

They want people to do everything on the app or online I think.

 

[maumu]

Just sharing my experience. I actually applied SavvyEndowment 16 on 31st July (last day of the promo). Money was deducted instantly. Though there's confirmation emails etc etc, my was dated 31st July. As for the shopping vouchers, til date I'm still waiting for it. They are pretty slow in this. I hope they don't forget about me

I'm waiting to see today's results... if not good, then probably going to apply for the 17 series next monday. guarantee 3% for 3 years is not bad with the inflation cooling.

 

[ckman3]

Just noticed MayBank iSavvy FD rates have dropped. Min 20K. 6mth FD 3.1%, 9mth FD 2.9% and 12mth FD 2.6%.

 

[lzydata]

Just noticed MayBank iSavvy FD rates have dropped. Min 20K. 6mth FD 3.1%, 9mth FD 2.9% and 12mth FD 2.6%.

Thanks for the catch! And they have withdrawn the CPF OA fixed deposit offer too. No more such FDs in town. I was just saying yesterday that anyone who wants it should act fast.

 

[lzydata]

TENURE	PERSONAL BANKING ONLINE PROMO INTEREST RATE (%P.A.) S$10,000 AND ABOVE	PREFERRED BANKING ONLINE PROMO INTEREST RATE (%P.A.) S$10,000 AND ABOVE
3 Months	2.75	2.80
6 Months	2.75	2.80
9 Months	2.55	2.60
12 Months	2.55	2.60

https://www.cimb.com.sg/en/personal...d-deposit/cimb-sgd-fixed-deposit-account.html

CIMB has also cut their offers as of 21 Sep.

Besides Maybank and CIMB, many banks have updated their offers recently. I've updated the FD database.

 

[~sabaisabai~]

Just sharing my experience. I actually applied SavvyEndowment 16 on 31st July (last day of the promo). Money was deducted instantly. Though there's confirmation emails etc etc, my was dated 31st July. As for the shopping vouchers, til date I'm still waiting for it. They are pretty slow in this. I hope they don't forget about me

thanks for sharing
oh. I read tnc. it says 5 months

 

[~sabaisabai~]

I'm waiting to see today's results... if not good, then probably going to apply for the 17 series next monday. guarantee 3% for 3 years is not bad with the inflation cooling.

promo till 30 sep

 

[maumu]

promo till 30 sep

next monday is 30 sep...

 

[pratik28]

TENURE	PERSONAL BANKING ONLINE PROMO INTEREST RATE (%P.A.) S$10,000 AND ABOVE	PREFERRED BANKING ONLINE PROMO INTEREST RATE (%P.A.) S$10,000 AND ABOVE
3 Months	2.75	2.80
6 Months	2.75	2.80
9 Months	2.55	2.60
12 Months	2.55	2.60

https://www.cimb.com.sg/en/personal...d-deposit/cimb-sgd-fixed-deposit-account.html

CIMB has also cut their offers as of 21 Sep.

Besides Maybank and CIMB, many banks have updated their offers recently. I've updated the FD database.

Thanks, even youtubers I saw refer to your db haha.

sgfd.neocities.org

 

[pratik28]

Most FDs in below 3% range now ya.
I wonder how low will FDs go with next few FED rate cuts, I hope it stays above 2% or 2.5% for next few years.
Else why would I do FD vs high yield savings a/c vs mmf.

 

[vsvs24]

RHB cut rates today

 

[~sabaisabai~]

Most FDs in below 3% range now ya.
I wonder how low will FDs go with next few FED rate cuts, I hope it stays above 2% or 2.5% for next few years.
Else why would I do FD vs high yield savings a/c vs mmf.

MMF can be another option

 

[pratik28]

MMF can be another option

ya its just that we can feel comfortable to ALL IN with FDs, gov bonds or bills, HYSA but dont have that same confidence with MMF.
Exploring the idea of local dividend stocks or sti etf as newbie haha

 

[~sabaisabai~]

ya its just that we can feel comfortable to ALL IN with FDs, gov bonds or bills, HYSA but dont have that same confidence with MMF.
Exploring the idea of local dividend stocks or sti etf as newbie haha

good idea. go explore
reits started to rally after USA cut rate
go for whichever you feel more comfortable and can sleep well at night

 

[~sabaisabai~]

It has been a good two-year run. like the saying all good things must come to an end..

Will still be laddering to clock the amount for DBS Multiplier.

you can unlock more cashback by getting the dbs endowment 17