Fixed Deposit Rates

[inlinesix]

D big 3 local bank is supposed 2 support T-Bills issued by Sg govt. Min investment = $1k. I bought b4 tis amount. Not all branches know about T-bills. Advisable 2 go 2 bigger 1. If u work around Suntec area, safest is 2 go DBS.

[inlinesix]

Don't read d web because the banks don't earn anything from u. What u pay is what u get. It is that simple.

[Dwoon]

If they don't earn from selling the T-Bills..... then how do we sell? Is there an account that is generated for this purpose?

 

Thanks.

[inlinesix]

T-bills issued wkly has tenure of 3mths. Juz sell it back 2 d bank. Bank will calculate yield 2 maturity & pay u accordingly.

 

Juz need 2 open SGS a/c wif d bank. Local bank suppose 2 support SGS.

 

If u walk into local bank & stuff has no idea, it is normal. That is not their regular biz. If u 1 2 b on d safe side, juz walk into DBS Suntec Branch. I usually trade thru tis branch. D ladies there know what 2 do.

[Lmc78]

 

 

Edited April 22, 2008 by Lmc78

[Damian]

How abt investing in a candy business that generates 50% return?

[Dwoon]

Thanks bro for the feedback. I'll check this out...... but 3 months tenure is kinda short.

 

Was thinking of getting those T-Bills with more than 10 years to go till maturity. Those will give better yields. Of course must be able to sell anytime lah......