RHB fixed deposit

[McFadden]

I see it now. It’s a 36 month time deposit.


Not exactly. What I’m referring to is that you need an ordinary account with Maybank, with its own minimum balance requirement, to get that time deposit. Most people don’t have an existing consumer bank account with Maybank, so you have to factor the reduced interest on the savings or current account into the equation. You’re also not allowed to close the savings or current account before the time deposit matures if you want to preserve the rate. That’s not too bad since you can get away with a $500 minimum balance, but it’s some effective reduction in the “headline” rate.


It’s a generally advertised rate. For the moment. But do you need a 36 month fixed deposit? If you received a windfall and expect to have a big bill to pay 36-40 months from now, such as a tuition bill in Singapore, OK, but this isn’t too generally useful. I’d also stay within the SDIC coverage limit.

whst is time deposit?

 

[BBCWatcher]

whst is time deposit?

Another name for a fixed deposit. Maybank uses the term “time deposit.”

In the U.S. they’re called Certificates of Deposit (CDs). Same thing.

 

[dork32]

I
Not exactly. What I’m referring to is that you need an ordinary account with Maybank, with its own minimum balance requirement, to get that time deposit. Most people don’t have an existing consumer bank account with Maybank, so you have to factor the reduced interest on the savings or current account into the equation. You’re also not allowed to close the savings or current account before the time deposit matures if you want to preserve the rate. That’s not too bad since you can get away with a $500 minimum balance, but it’s some effective reduction in the “headline” rate.


It’s a generally advertised rate. For the moment. But do you need a 36 month fixed deposit? If you received a windfall and expect to have a big bill to pay 36-40 months from now, such as a tuition bill in Singapore, OK, but this isn’t too generally useful. I’d also stay within the SDIC coverage limit.

no there is no min account balance. no savings account. normal, old, true blue, no frills time deposit will get you that. yes it is net 2.05. maybe you will need some tuition to teach you how to count. i dont need to be taught math

36 month fd is a good choice especially in a falling rate environment. fed just cut rate. this 2.05 is there for almost 1 year. it is there to con me and other people coz our home loan is pegged to this. if people start dumping into this, expect the rate to fall, as in all the other fd rates

i dont care about sdic. no one ever lodge a claim or even come close to lodging a claim. sg will go into a very big recession, a depression if anyone lodge this claim

who ask you to put your last dollar into the fd? if you have spare cash lying 1k and above, this is an option. somebody spoke this way as well when topping up of cpf sa is mentioned

if you want fd, maybank is the best option now.

if you have other instruments better than fd, then i reserve my comments

 

[dork32]

It’s a generally advertised rate. For the moment. But do you need a 36 month fixed deposit? If you received a windfall and expect to have a big bill to pay 36-40 months from now, such as a tuition bill in Singapore, OK, but this isn’t too generally useful. I’d also stay within the SDIC coverage limit.

whether we need a 36 month fd or not is for you to decide.

it is like topping up your ra when you are 25 year old which you have been advocating. the question is do you want a 30 year fixed deposit

 

[dork32]

maybank in fd now is like cpf life. it is the best in its class.

but i want to reiterate this, even if it is the best, it does not mean that we have to rush into it. it could be even the best is not good enough. it also mean that the rest are even more hopeless

 

[BBCWatcher]

no there is no min account balance. no savings account. normal, old, true blue, no frills time deposit will get you that. yes it is net 2.05. maybe you will need some tuition to teach you how to count. i dont need to be taught math

Valuechampion.sg disagrees with you.

These quite high promotional rates compared to the overall market, but consumers must already have a banking relationship with Maybank to qualify, and deposits must be made online (in fact, over-the-counter transactions incur fees).

Would you like to send a rude e-mail to Valuechampion?

 

[dork32]

Valuechampion.sg disagrees with you.



Would you like to send a rude e-mail to Valuechampion?

when it comes to maybank fd, which is a better source of info, maybank or valuechampion?

i am rude because you are wrong and you still insist that you are right and continue to scam people here.

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

i have already posted the above maybank link previously. you simply refuse to see but choose to go to valuechampion.

notice the 2.05% is together with 0.3% for two months. you mean you have to maintain your savings for 6 months for a two month deposit?

i will not send a rude email to valuechampion. they are not wrong.

the part where you need deposit account is for the promo for 1.6% for 1 year. the info is correct

the second part is for the isavy td. it is not wrong either.

but you are wrong. this is wat i also say. you make a statement based on half info and insists that you are correct. i have been banking with maybank for 15 years. i have placed money into many of their td schemes before. i research thoroughly before going in.

all banks offer traditional fds and the info in on the board rate. if you notice my board rate for 1 year is 0.7%. mine is on this board rate. there is no min of 20k, just 1k, no other gimmiks or hoops to jump through

 

[dork32]

for your info, if valuechampion is wrong, i will not hesitate to condemn it as with all the other lousy sites out there that post rubbish out there

 

[dork32]

one more thing, i am not selling for maybank.

i personally will not use this 3yr fd. i have a 7 year fd at 2.5% call cpf oa for up to 300k.

 

[dork32]

normally i check all the FD rates here

https://sgfd.neocities.org/

this is also one good site for fd rates. originally done by izydata.

 

[LouisSaha]

one more thing, i am not selling for maybank.

i personally will not use this 3yr fd. i have a 7 year fd at 2.5% call cpf oa for up to 300k.

I have thoughts of putting in more for this FD. I had 1 FD with Maybank with this 36mths 2.05% FD. Since feds are cutting down on interests, I thought maybe should I dump in somemore into this 36mths FD with them? Still considering.

 

[dork32]

I have thoughts of putting in more for this FD. I had 1 FD with Maybank with this 36mths 2.05% FD. Since feds are cutting down on interests, I thought maybe should I dump in somemore into this 36mths FD with them? Still considering.

i love you. at least you are one person that confirm that i am not talking rubbish.

i have mentioned, if you are into the fd theme, what you are suggesting seems like a good decision. you mentioned what i have mentioned.
One more important point is that my home loan is pledge to this fd. if they cut the fd, maybank will earn less from me. there is a good chance that they hold this rate.

i personally will not be putting anything into this fd because i have other instruments. i have my cpf oa. when i was younger, significantly far away from 55, i tend to put some into fd.

lbbc say time and again, the entire fd system sucks. he is not wrong

 

[henrylbh]

If you're referring to ISIN SG2C54964409, the yield to call is more like 2.064% currently (as I write this), after costs. I don't think that's terrifically attractive for a BBB rated note. This note will surely be called.

No terrific when compared to? He thinks 1.7% from RHB is good.

Why care about BBB rating when the issuer is DBS itself.

Does it matter that the note will surely be called since he is thinking of a short-term FD of 1.7% only.

DBS 4.7% ncps has more than 8 months to first call. Even if it is called, it's much better than 1.7% that he is thinking.

If DBS decides or have to delay the call because of CAR, holding this instrument will be a big bonus that very few, if any IG bond can offer.

I wanna bonk more but I am holding back for liquidity sake.

 

[BBCWatcher]

No terrific when compared to? He thinks 1.7% from RHB is good.

Who is "He"? It isn't me.

Why care about BBB rating when the issuer is DBS itself.

That's the rating on the bond itself, and that's all that matters. High quality institutions can issue dog food, too. It's perfectly common practice. Goldman Sachs is rather infamous for it.

Does it matter that the note will surely be called since he is thinking of a short-term FD of 1.7% only.

Sure. We're in March now, and if it's called much earlier than 12 months from now, which it will be, that counts, a lot, for someone who wants at least a 12 month hold. Especially in a falling interesting rate environment, which is what we have at the moment at least.

But I'm not arguing in favor of a 1.7% RHB fixed deposit.

DBS 4.7% ncps has more than 8 months to first call. Even if it is called, it's much better than 1.7% that he is thinking.

How do you figure that? FSMOne thinks you'll end up with a 2.111% p.a. yield to call on that particular BBB rated bond, after costs and at this instant. Let's assume 8.5 months to call (looks about right), so you'll get just shy of 1.5%. To claw back the missing ~0.2% compared to a 1.7% fixed deposit you need to cycle those dollars into a 3.5 month fixed deposit (which doesn't exist) at about 1.45% p.a....

....How lucky do you feel? This might work, or it might not. Of course you could head over to ELASTIQ and get 1.8% right now, guaranteed for 3 years. So we don't have to use 1.7% as the comparison.

If DBS decides or have to delay the call because of CAR, holding this instrument will be a big bonus that very few, if any IG bond can offer.

"How lucky do you feel?"

 

[henrylbh]

I responded specifically to heroking and you commented on my response without knowing who 'He' is?

Your maths worst than mine?

For 102,500 I get 2,200 net of premium paid for 8.5 months holding.

For 100,000 he gets 1,700 for 12 months holding.

 

[peppermint7]

no there is no min account balance. no savings account. normal, old, true blue, no frills time deposit will get you that. yes it is net 2.05.

What dork32 said is true. This is the traditional FD that has been around since long ago. Anyone (local / PR) can just walk in to apply. No need to have any savings acc with Maybank.

 

[peppermint7]

i have a 7 year fd at 2.5% call cpf oa for up to 300k.

I actually did consider putting into CPF OA as well but am concern whether the goalpost will shift when our time comes

 

[BBCWatcher]

Your maths worst than mine?
For 102,500 I get 2,200 net of premium paid for 8.5 months holding.

According to FSMOne's current estimate, as I write this, for this BBB rated bond you would pay $103,151.70 now to get one promised $4,700 coupon and $100,000 at maturity (total $104,700), netting $1,548.30. That's across 8.5 months.

For 100,000 he gets 1,700 for 12 months holding.

Yes, which is a fixed deposit I didn't recommend, but which still clears $151.70 more for the additional 3.5 months of hold. Somebody else is currently offering 1.8%, guaranteed for 3 years, minimum 90 day hold. "How lucky do you feel?"

I think you may be confusing gross quotations with net outcomes.

 

[henrylbh]

According to FSMOne's current estimate, as I write this, for this BBB rated bond you would pay $103,151.70 now to get one promised $4,700 coupon and $100,000 at maturity (total $104,700), netting $1,548.30. That's across 8.5 months.


Yes, which is a fixed deposit I didn't recommend, but which still clears $151.70 more for the additional 3.5 months of hold. Somebody else is currently offering 1.8%, guaranteed for 3 years, minimum 90 day hold. "How lucky do you feel?"

I think you may be confusing gross quotations with net outcomes.

Who cares FSMOne? I can get direct from SGX at 102.61 now through my broking firm and the cost is 102,851.92. $103,151.70 is a rid off?

 

[dork32]

According to FSMOne's current estimate, as I write this, for this BBB rated bond you would pay $103,151.70 now to get one promised $4,700 coupon and $100,000 at maturity (total $104,700), netting $1,548.30. That's across 8.5 months.


Yes, which is a fixed deposit I didn't recommend, but which still clears $151.70 more for the additional 3.5 months of hold. Somebody else is currently offering 1.8%, guaranteed for 3 years, minimum 90 day hold. "How lucky do you feel?"

I think you may be confusing gross quotations with net outcomes.

let me arbitrate, the bond price is 102.5 now on the sgx. so henry is right

there are two more coupons so bbc is right in that 4700 +10k call back price. i take
it 8.5months is ok so both are right

so the return is 10470 - 10250 = 220 so henry is right.

and the rate of return is 220/10250/8.5 months * 12 months = 3.03% and henry is right again.