Lastest S$ Deposit updates - Part 3

[qhong61]

From OCBC:

Upsize your savings with a higher interest of 2.58% a year​

Deposit a minimum of S$80,000 in fresh funds and watch your savings grow at a higher interest rate! Keep your funds with us for 88 days without making any withdrawals to enjoy this bonus interest rate.

Thanks.
Need to maintain saving accounts?

 

[jywy2005]

From OCBC:

Upsize your savings with a higher interest of 2.58% a year​

Deposit a minimum of S$80,000 in fresh funds and watch your savings grow at a higher interest rate! Keep your funds with us for 88 days without making any withdrawals to enjoy this bonus interest rate.

Is this by invitation only.

 

[ericcsn]

Is this by invitation only.

No . It is this, https://www.ocbc.com/personal-banking/deposits/statement-passbook-savings-account.

Up to last month, it was 2.88% for iirc min $50k.

 

[xoxozone]

I click on "Growth" and see a 5-year plan instead @3.2%.
Cant find 1-year or 3-year. Tsk tsk.

Which is the one with 3.2%?

 

[xoxozone]

Yes, it is still available and I just placed my 36 mths 2.85% FD using the old app. Btw, I already had the new app M2U SG and had to download the old app M2USG (classic) to do the placement.

Which placement type to choose? Is it isavvy?

 

[~sabaisabai~]

Which placement type to choose? Is it isavvy?

Yes

 

[pratik28]

SIF Gosaver, With Effect From 15-May-2025
Account Balance	Interest Rate
First $100,000	2.28% p.a.
Next $150,000	1.80% p.a.
Next $150,000	1.85% p.a.
Next $100,000	1.90% p.a.
Above $500,000	1.80% p.a.

 

[Hot2002]

maybank 36 month 2.85% time deposit via iSAvvy saving account still works. just placed it but it say "interest upon maturity". does it mean no upfront interest ?

 

[reflecx]

maybank 36 month 2.85% time deposit via iSAvvy saving account still works. just placed it but it say "interest upon maturity". does it mean no upfront interest ?

You must have placed a SGD Time Deposit instead of an iSavvy Time Deposit. Only the latter gives upfront interest.

 

[~sabaisabai~]

maybank 36 month 2.85% time deposit via iSAvvy saving account still works. just placed it but it say "interest upon maturity". does it mean no upfront interest ?

Old apps display interest upon maturity but new apps shows interest pay upfront

 

[Hot2002]

You must have placed a SGD Time Deposit instead of an iSavvy Time Deposit. Only the latter gives upfront interest.

Old apps display interest upon maturity but new apps shows interest pay upfront

confirmed it's iSAVvy td and using old apps. ha ha, received the upfront interest this morning !

 

[hwarzoner]

so i should install the classic. then selext isavvy savings account to register?, there are 6 different accounts to choose. no TD savings.

 

[Ahboy069]

Yes just put another 33k into maybank savvy 2.85% 3 years
… overall more than 200k liao …
Confidence in future for next 3 years

 

[Devilsire]

Yes just put another 33k into maybank savvy 2.85% 3 years
… overall more than 200k liao …
Confidence in future for next 3 years

im still contemplating to commit for 3 yrs.
anyone asked of the penalty if in the event of early termination? wondering if its just clawback of upfront interest or any other fees involved like dbs/posb

 

[Ahboy069]

im still contemplating to commit for 3 yrs.
anyone asked of the penalty if in the event of early termination? wondering if its just clawback of upfront interest or any other fees involved like dbs/posb

I’m not someone who will put in stock especially now in 40s

 

[~sabaisabai~]

Yes just put another 33k into maybank savvy 2.85% 3 years
… overall more than 200k liao …
Confidence in future for next 3 years

Wah 200k ah

 

[~sabaisabai~]

im still contemplating to commit for 3 yrs.
anyone asked of the penalty if in the event of early termination? wondering if its just clawback of upfront interest or any other fees involved like dbs/posb

I was in the similar situation too i just buy and close 2 eyes and went ahead to commit 36M

 

[ericcsn]

I was in the similar situation too buy just closed 2 eyes and went ahead to commit 36M

That’s 36M right.

 

[maumu]

just make sure it's money you're not going to touch for 3 years... I mean when we buy things like SSB it's also meant for 10 years... although it's easier to redeem SSB, I adopt the mentality that it'll be in for the 10 years (rates are higher at later years).

so 3 years is not that long if it's really money that one keeps in milo tin can

 

[DevilPlate]

I’m not someone who will put in stock especially now in 40s

40s still yng lah.

Some say its more risky to be risk adverse at young age.

Me so old still buy Bitcoin