Voodooman Supersonic May 6, 2022 Share May 6, 2022 16 minutes ago, Throttle2 said: This one ok leh. 1.55%pa for next 3 months. Fresh funds only. Capped at $200k. no issue leh Fresh fund is a must for most banks. I tried them once many years ago, lots of fine print and unlike UOB, after FD maturity, must keep certain amount in the account paying almost nothing. And $200k is really kns for the trouble but for 1.55? Maybe lah. ↡ Advertisement Link to post Share on other sites More sharing options...
Jamesc Hypersonic May 6, 2022 Share May 6, 2022 Who kay kiang go and lock in FD 2 years? Just lost out at least 0.75% Link to post Share on other sites More sharing options...
Voodooman Supersonic May 6, 2022 Share May 6, 2022 3 minutes ago, Wt_know said: it’s trueeeeeee …. DBS 2-yr fixed rate mortgage just went up 25 bp to 2.25% from 1.99%. The local banks are still flushed but if global rates are up and SGD don't, that liquidity is going to dry up, we are a global financial centre, money in money out. I will be surprised if we were to decouple from US and global interest rates. It is a competition for yield out there. 1 Link to post Share on other sites More sharing options...
Throttle2 Supersonic May 6, 2022 Share May 6, 2022 42 minutes ago, Voodooman said: Fresh fund is a must for most banks. I tried them once many years ago, lots of fine print and unlike UOB, after FD maturity, must keep certain amount in the account paying almost nothing. And $200k is really kns for the trouble but for 1.55? Maybe lah. Yup the cap is always the pain point. Works out to be a box of cigars after 3mths for me. i’ll do it😄 2 Link to post Share on other sites More sharing options...
Throttle2 Supersonic May 6, 2022 Share May 6, 2022 1 hour ago, Mkl22 said: some are saying the deposit rates might not go up in tandem as banks are flush with cash. dont really need to attract more. 😬 lets see Confirm will go up in tandem as it already has. But a 1:1 correlation, that one is left to be seen. banks being flushed with cash is bulls**t. 1 Link to post Share on other sites More sharing options...
Volvobrick Supersonic May 6, 2022 Share May 6, 2022 19 minutes ago, Voodooman said: DBS 2-yr fixed rate mortgage just went up 25 bp to 2.25% from 1.99%. The local banks are still flushed but if global rates are up and SGD don't, that liquidity is going to dry up, we are a global financial centre, money in money out. I will be surprised if we were to decouple from US and global interest rates. It is a competition for yield out there. My loan not due for repricing for a few more months..... Well, maybe will switch to floating rates. 2.25% fixed not so attractive. 1 Link to post Share on other sites More sharing options...
Voodooman Supersonic May 6, 2022 Share May 6, 2022 22 minutes ago, Volvobrick said: My loan not due for repricing for a few more months..... Well, maybe will switch to floating rates. 2.25% fixed not so attractive. I will take 2.25% fixed over floating but I am a fixed rate person. 2.25% is still below 2.5% OA. Link to post Share on other sites More sharing options...
Throttle2 Supersonic May 6, 2022 Share May 6, 2022 25 minutes ago, Volvobrick said: My loan not due for repricing for a few more months..... Well, maybe will switch to floating rates. 2.25% fixed not so attractive. 2.25% fixed for how long? Link to post Share on other sites More sharing options...
Volvobrick Supersonic May 6, 2022 Share May 6, 2022 1 hour ago, Throttle2 said: 2.25% fixed for how long? @Voodooman bro mentioned 2 years. Link to post Share on other sites More sharing options...
Fitvip Supersonic May 6, 2022 Share May 6, 2022 4 hours ago, Mkl22 said: some are saying the deposit rates might not go up in tandem as banks are flush with cash. dont really need to attract more. 😬 lets see The bank guy told me otherwise. He said it will go up. Just monitor for the next 3 to 6 months... Link to post Share on other sites More sharing options...
Flying_genie 6th Gear May 7, 2022 Share May 7, 2022 7 Link to post Share on other sites More sharing options...
Flying_genie 6th Gear May 7, 2022 Share May 7, 2022 Rates are rising, steadily and surely Link to post Share on other sites More sharing options...
awhtc 6th Gear May 7, 2022 Share May 7, 2022 Local banks are finally raising deposit rates to prepare for liquidity outflow to US and other countries 🙂 Link to post Share on other sites More sharing options...
Fcw75 Hypersonic May 7, 2022 Share May 7, 2022 7 minutes ago, awhtc said: Local banks are finally raising deposit rates to prepare for liquidity outflow to US and other countries 🙂 Where? Who? Link to post Share on other sites More sharing options...
Johnnylim 5th Gear May 7, 2022 Share May 7, 2022 7 hours ago, Flying_genie said: Is this correct? Their website only showing this: Link to post Share on other sites More sharing options...
Kopites Supersonic May 7, 2022 Share May 7, 2022 8 minutes ago, Johnnylim said: Is this correct? Their website only showing this: Yours is of lowest principle 20k.. Link to post Share on other sites More sharing options...
Johnnylim 5th Gear May 7, 2022 Share May 7, 2022 53 minutes ago, Kopites said: Yours is of lowest principle 20k.. Understand, but I can't find the above mentioned in their website. Link to post Share on other sites More sharing options...
Throttle2 Supersonic May 8, 2022 Share May 8, 2022 So mine at 1.55% 3 mths still the best deal eh? ↡ Advertisement Link to post Share on other sites More sharing options...
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