Fixed Deposit Rates

[Ncss]

Bro, which financial product would you recommend for $400k?

 

Buy shares lor... grow fast or die fast... very exciting.

[Ncss]

Hi

I am also looking for banks that could offer FD near 3% for 12mths term but to no avail.

Anybody could advice any finanical instrument that could offer that rate? With Guaranttee return.

 

NTUC thrift offer quite high FD... but you must be a union member.

 

http://www.ntucthrift.com.sg/

[Will_I_Am]

You may also consider USD denominated notes for long term investment, with the current weak USD. Returns can go up to 20% or more when the USD strengthened again. Not for the faint hearted though

[Will_I_Am]

Bro, buy blue chips with regular divident income. Smelly smelly 5%

[Will_I_Am]

Bro, saving up for that new Mazda 6?

[Mzrmazda3]

 

Me too poor to afford it ...

[Patwong]

No way can get 3% per annum for S$ FD. Now can get 2% good enuff. Some banks offering only 1.08% for 50K for 12 mths.

 

Managed to get 1 with 1.25% for 12 months but must be above 50K

 

Hi MZRmazda3

 

Can disclose which bank offering 1.25% now.

[Mzrmazda3]

UOB

[Alechi]

No gd rates with FDs liao.

 

I just finished my homework on this. FDs, forget about it. Apparently, banks have what you call stepped up accounts offering between 1.2 - 1.5% per annum. The pros is you can withdraw money anytime. Cons is that you got to put in a sum of $$ every month.

 

Citibank has one, but takes up to 1 yr to get to 1.2%.

POSB has one called MySavingsAccount. If you have more than $10K at hand, just humpthump $1.5K per month into that account and you'll get guaranteed 1.5% monthly. If u fail to humpthump that amt any month, interest will drop to 0.45%. But the next month if u resume, interest fly back to 1.5%

 

To help forgetful ppl like myself (sometimes), the deduction can be done from any DBS or POSB account automatically every month. So far best around time.

 

 

 

Hi

Anyone from the banking sector can advise me which bank gives the hightest interst rate for FD or nearing promotion for FD.

Regards

[Patwong]

Hi MZRmazda

 

Thanks for yr prompt reply.

Hv checked bank website and they confirmed promotional rate still on.

[Ncss]

This year is about 5%... but average over the past 20 years is about 2%/year nia.

[Patwong]

Hi Neutrino

 

Thanks for the reminder to all forumers.

 

Money put in FD is meant for short term emergency usage. Loss of job, medical issue..etc.

I believe most people have set aside money for some form of investments that could be for growth purpose and could be better than the 4~5% inflation.

[Ncss]

UOB

 

Thanks.

 

http://www.uobgroup.com/pages/promotions/p...osits_sgfd.html

[inlinesix]

Why don't u consider in government bond? It is highly liquid & withdrawal is T+1. Juz don't buy 3mths T-bill now. Mayb 1 yr T-bill can buy.

[Limpoop]

This maybe the highest but will not last long so hurry:

 

 

http://info.maybank2u.com.sg/personal/depo...posit_promo.htm

 

 

With Maybank Singapore Dollar Time Deposit, you can now enjoy interest of up to 1.90% p.a.!

 

Promotion is for a limited period only, so visit any of our 22 Branches today to catch these special rates!.

 

Time Deposit Amount S$10,000 and above

 

24 months 1.70% p.a.

 

36 months 1.90% p.a.

[Carlovz]

err....bro the 1.5% is yearly or monthly...

If 1.5% monthly, then its alot..

[Nhyone]

24 months is a long time...

[Jayzee]

is it all blue chips got this income one?

How do find out ?