Lastest S$ Deposit updates - Part 3

Doremon1

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To be eligible for the Promotional Interest Rates set out in Clause 5 below, Accountholders must have submitted a registration form for exclusive rates for fixed deposits with their personal details via:
 The HL Bank X Singapore Motorshow 2023 tickets Giveaway webpage on the HL Bank website between 23 December 2022 to 2 January 2023 or;
 A QR code located on the event flyer at the Singapore Motorshow 2023 between 12 January 2023 to 15 January 2023.

promotion is over??
Promotion is still on until 28th Feb but only for those who have signed up for the Spore Motor Show (Jan 12-15) & registered for the exclusive rate during that time.
 

lzydata

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mp4005 help

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No more 4%%+++

every 0.1% is only $100 per year based on $100k.

don't need to compare too much. find it weird that some people put in so much effort to cancel and redo FD or move funds over 0.1-0.2%. likely got too much time on their hands which could be used to earn more money (e.g. buying selling stuff, grab , etc).
 

Doremon1

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every 0.1% is only $100 per year based on $100k.

don't need to compare too much. find it weird that some people put in so much effort to cancel and redo FD or move funds over 0.1-0.2%. likely got too much time on their hands which could be used to earn more money (e.g. buying selling stuff, grab , etc).
Agree. Not only that, for every month of interest forgone ( from canceling the old FD ), you'll need around 0.3% interest rate improvement in the new FD replacement to just break even. Anyway, the days of higher interest rates month after month are as good as over. This is evident from most new promo rates announcements so far & more to come. The long Qs at banks have mostly disappeared :)
 

SantyBalls

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m_dogg

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lzydata

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vsvs24

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CPF Time Deposit Rate

Currency​
Tenure​
Interest rate
(per year)​
Singapore dollar8 months3.88%

New for OCBC Premier Banking and Premier Private Client only.

https://www.ocbc.com/personal-banking/premier-banking/solutions.page
https://www.ocbc.com/personal-banking/premier-private-client/solutions.page
This zaobao article did not state must be premier customer. Also state those with CPFIA with DBS and UOB can apply.

https://www.zaobao.com.sg/realtime/singapore/story20230208-1360975
 

lzydata

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ahchan

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So does it mean the 8 months 3.88% is opened to all (not limited to Premier banking) ? And even the CPFIS is with DBS and UOB ?

Just thinking is it worth to put for 3.88% for 8 months...
 
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