Lastest S$ Deposit updates - Part 3

[Skoda29]

No one see the Maybank FD for 36mths @2.9%pa.

 

[linuskltan]

uob stash 3.05% with 100k (fall below fee if below 1k sgd)
ocbc dividend+ 2.95%
uob privilege account 2.6%
chocolate finance 3.12% with 50k
Mari invest 2.62%
Mari savings 2.28%
GXS pocket 2.78%
HSBC EGA 3.9%
SCB esaver - unknown yet
Maybank Isavvy - unknown yet

Also,
BOC SuperSaver 2.62% for 100k (tiered)

 

[dicxz80]

No one see the Maybank FD for 36mths @2.9%pa.

May I know, where do you see this ? I can only see 2.85% pa

https://sslsecure.maybank.com.sg/cgi-bin/mbs/JSPscripts/mbb_rates/deposit_rate.jsp#iSAVvytd

Thank you

 

[ctan84]

May I know, where do you see this ? I can only see 2.85% pa

https://sslsecure.maybank.com.sg/cgi-bin/mbs/JSPscripts/mbb_rates/deposit_rate.jsp#iSAVvytd

Thank you

Think he's referring to the one where you need to place $1k for every $10k of FD promo. The EIR is certainly not 2.9%.

 

[dicxz80]

I think this is the best so far

Maybank fresh fund promotion April - June 2025, (similar to previous CIMB promotion ?)
https://www.maybank2u.com.sg/en/promotions/deposits/fresh-funds-topup.page
up to total 2,9% interest rate for prestige saving account


or 6 months , 2.90% but with 10% fund should be in saving account requirement

 

[addict951]

Singlife (wif monthly top-up of $800) still 3.5% no change leh, for first $10K

 

[Intel888]

Singlife (wif monthly top-up of $800) still 3.5% no change leh, for first $10K

This one a bit tricky.
If this month top up $800, and grand total just just under 10k,
then next month cannot top up $800 anymore, cos grand total will be above 10k, and so not eligible for 3.5%.
Correct?

 

[Garlic & Butter]

Those with $1m can try the RHB premier plus,
average 3.30% for balance of $1m

https://rhbgroup.com.sg/rhb/premier/deposits/PPLUS

 

[addict951]

This one a bit tricky.
If this month top up $800, and grand total just just under 10k,
then next month cannot top up $800 anymore, cos grand total will be above 10k, and so not eligible for 3.5%.
Correct?

Cannot start wif 10K
I start wif ~ $8.4K
I’m controlling multiple accounts.

 

[FlyGuardX]

Cannot start wif 10K
I start wif ~ $8.4K
I’m controlling multiple accounts.

how to get multiple accounts? is it tied by username password?

 

[~sabaisabai~]

No one see the Maybank FD for 36mths @2.9%pa.

I saw the isavvy FD is 2.85% for 36 months

 

[dicxz80]

Those with $1m can try the RHB premier plus,
average 3.30% for balance of $1m

https://rhbgroup.com.sg/rhb/premier/deposits/PPLUS

Nice finding,

This is tiered interest rate, good for anything above approximately 630K anything below Maybank prestige (2.9%) is better

EIR will be 3.3% for exact 1M
Amount above 1M, interest only 2%

The catch here, you need to open new premier plus account and hoping they don't change the interest rate structure, because there is fee for below 200k (20 sgd per month) and closure within 6 months (30 sgd)

 

[tiertime]

The Singlife is a bit complicated
If my account had been $0,

For current cycle I top up $800
- I earn 3% on this $800

2nd cycle I top up another $800
- I earn 3.5% on balance $1600

3rd cycle I top up another $800
- I earn 3.5% on balance 2400

Is my above understanding correct ?
- the 3.5% from 2nd cycle onwards is on full balance in account or only applicable to the incremental top up amount ?

 

[alex22]

The Singlife is a bit complicated
If my account had been $0,

For current cycle I top up $800
- I earn 3% on this $800

2nd cycle I top up another $800
- I earn 3.5% on balance $1600

3rd cycle I top up another $800
- I earn 3.5% on balance 2400

Is my above understanding correct ?
- the 3.5% from 2nd cycle onwards is on full balance in account or only applicable to the incremental top up amount ?

I opted to forgo the 0.5 and just put in 10k on cycle start date.

 

[Intel888]

Cannot start wif 10K
I start wif ~ $8.4K
I’m controlling multiple accounts.

If you start with 8.4k, means you can do 2 cycles?
Cycle 1: 8.4k + 800 = 9.2k
Cycle 2: 9.2k + 800 = 10k

Of course, i.e. if this promo tnc still the same during the 2 cycles.

 

[~sabaisabai~]

I opted to forgo the 0.5 and just put in 10k on cycle start date.

Yes. I do the same.

 

[tiertime]

I opted to forgo the 0.5 and just put in 10k on cycle start date.

Like that does it means for the 10k, you get :
1st cycle get 3%
2nd cycle get 3.5% even if no top up $800 (?)
3rd cycle onwards get 3% (if no more top up $800)

 

[alex22]

Like that does it means for the 10k, you get :
1st cycle get 3%
2nd cycle get 3.5% even if no top up $800 (?)
3rd cycle onwards get 3% (if no more top up $800)

Good question. Check your top up tracker value?

 

[Tetrafox]

The Singlife is a bit complicated
If my account had been $0,

For current cycle I top up $800
- I earn 3% on this $800

2nd cycle I top up another $800
- I earn 3.5% on balance $1600

3rd cycle I top up another $800
- I earn 3.5% on balance 2400

Is my above understanding correct ?
- the 3.5% from 2nd cycle onwards is on full balance in account or only applicable to the incremental top up amount ?

Your understanding is correct.
You earn the 3.5% on the whole balance (up to 10k).

In fact if you are willing to add another step, you can do this:

1st cycle credit day: top up 10k.

2nd cycle credit day - 1 day: withdraw 9k (nett deposit becomes 1k).
2nd cycle credit day: top up 9k (balance becomes 10k).

The breakeven using this method, compared to leaving 10k for 3.0%, is about 4 months.
Tbh only a few dollars. May not be worth the effort.

 

[~sabaisabai~]

Your understanding is correct.
You earn the 3.5% on the whole balance (up to 10k).

In fact if you are willing to add another step, you can do this:

1st cycle credit day: top up 10k.

2nd cycle credit day - 1 day: withdraw 9k (nett deposit becomes 1k).
2nd cycle credit day: top up 9k (balance becomes 10k).

The breakeven using this method, compared to leaving 10k for 3.0%, is about 4 months.
Tbh only a few dollars. May not be worth the effort.

Totally agree. Few dollars not worth the effort. I just leave 10k there for 3%. Still good