Suddenly FD rates went up

[obsceneK2]

Maybank
Last week 1.9%
This week 2.1%
https://www.maybank2u.com.sg/en/promotions/deposits/sgd-time-deposit.page

UOB
Last week 1.4%
This week 1.7%
https://www.uob.com.sg/personal/online-rates/singapore-dollar-time-fixed-deposit-rates.page

 

[virtualape]

it will slowly creep up. by end of the year probably 2.3-2.5%. msian/cn banks traditionally the highest. dbs wait long long...but if they do follow means something is very very serious liao.

not surprised since they are trying to control inflation before things spiral out of control. coe is a good indicator assuming both corp and consumers are buying cars....with rising retrenchments, coe still all time high. hdb selling for 2.1mil. siao one...

economics fundamentals are going bonkers in sg...not that it hasnt been...economy not doing well, increase gst also executed before.

 

[mcylo]

Putting in FD is waste time leh

 

[obsceneK2]

Putting in FD is waste time leh

For boomers it's better than putting in tin canned

 

[weng0202]

Maybank
Last week 1.9%
This week 2.1%
https://www.maybank2u.com.sg/en/promotions/deposits/sgd-time-deposit.page

UOB
Last week 1.4%
This week 1.7%
https://www.uob.com.sg/personal/online-rates/singapore-dollar-time-fixed-deposit-rates.page

Because fed raise rates mah. If continue to raise rates, them fd will continue to go up lor.

 

[Song Bro]

Fed rates went up, maybe filter into SORA.

 

[Lao_Tiko]

Now 3M SORA going up and liquidity conditions in Singapore is tightening. So I just repriced to fixed rate. Knn.

Hopefully can hedge 2027 / 2028 .

 

[Lchlch]

wow, hope it move up to 2% by the end of the 2026.

 

[Lao_Tiko]

wow, hope it move up to 2% by the end of the 2026.

It is possible since 6m T-,bills already hit 1.79% and liquidity is tightening

 

[Thoreldan]

Any of you put up your liquid fund into SGOV ?

 

[Lchlch]

It is possible since 6m T-,bills already hit 1.79% and liquidity is tightening

finger cross bro...hope so...
at least many old people putting FDs can earn a little bit more.

 

[RSKeisuke]

I thought these payout interest usually last to be adjusted upwards, normally it's all the loan interest go up first..

 

[wwenze]

Ibkr 3.38 liao

 

[Lchlch]

BOC $200k and above 1.8%

 

[Ironside]

Maybank
Last week 1.9%
This week 2.1%
https://www.maybank2u.com.sg/en/promotions/deposits/sgd-time-deposit.page

UOB
Last week 1.4%
This week 1.7%
https://www.uob.com.sg/personal/online-rates/singapore-dollar-time-fixed-deposit-rates.page

must use effective rate not promotional rate.

 

[Lchlch]

Maybank
Last week 1.9%
This week 2.1%
https://www.maybank2u.com.sg/en/promotions/deposits/sgd-time-deposit.page

UOB
Last week 1.4%
This week 1.7%
https://www.uob.com.sg/personal/online-rates/singapore-dollar-time-fixed-deposit-rates.page

thanks bro.
Might go down and check it out.

 

[virtualape]

I thought these payout interest usually last to be adjusted upwards, normally it's all the loan interest go up first..

coming soon....consider refinance now..

 

[Lao_Tiko]

finger cross bro...hope so...
at least many old people putting FDs can earn a little bit more.

TD tends to be upward sticky, afterall banks earn from the spread. But at the end of the day, liquidity conditions determine the direction

 

[Lao_Tiko]

I thought these payout interest usually last to be adjusted upwards, normally it's all the loan interest go up first..

You can see the 3M SORA edging up already.

 

[Travis_Touchdown]

we need the economy to crash jialatz jialatz then shiokz... @Shion