Which bank offers the highest Fixed Deposit rates?

[Kopites]

2pm.

Tbill yield still not out yet. Similar to last issue.

Not a good sign. 

[Kopites]

Yield 3.9😁

[Jellandross]

I hope don't fall below 4% this time due to all the lowballers 😅

 

[RadX]

21 minutes ago, Jellandross said:

I hope don't fall below 4% this time due to all the lowballers 😅

 

3.5%

 

Allotment

 

Total Amount Allotted

    S$4.8 billion

Amount Allotted to Non-Competitive Applications

    S$1.9 billion

Amount Allotted to MAS

    S$0.0 million

Total Amount Applied

    S$11.9 billion

% of Competitive Applications at Cut-off Allotted

    Approximately 7%

% of Non-Competitive Applications Allotted

    77.78%

Bid-to-Cover Ratio

    2.48

 

Yield and Price

 

Cut-off Yield

    3.9% p.a.

Cut-off Price

    98.055

Median Yield

    3.5% p.a.

Median Price

    98.255

Average Yield

    3.26% p.a.

Average Price

    98.374

 

[RadX]

Cb lowballer 

[Throttle2]

Muayhahhahhaha

ok lah

dont complain

[Volvobrick]

So low - time to put at UOB FD

[Johnnylim]

 

7 minutes ago, Volvobrick said:

So low - time to put at UOB FD

BOC better, no need so huge amount.

[Volvobrick]

59 minutes ago, Johnnylim said:

 

BOC better, no need so huge amount.

OK managed to beat UOB's 3.95 with synthetic deposit. Above 4% for 6 months. Better than current treasuries. Buay pai! 

[Fcw75]

Thanks to low ballers lo….na bei.

Frankly, with BOC at 3.8% and t-bills at 3.9% for 6 months why even bother?

Non-competitve might not even get full allocation. 

Edited November 24, 2022 by Fcw75

[BanCoe]

I put in Competitive at 3.99 kenna reject full amt 

I put in NC $20k EACH in my name & wifey name now I got 2 different refunds of $5,291.75 and another of $4,311.20..... now I damn  confused with the amounts ; gotta wait and check CDP account later after a few days; Tot both amounts should be equal       

Looks like one got 15,000 and another 16,000 .... can like that meh?? 

Edited November 24, 2022 by BanCoe

[Volvobrick]

9 minutes ago, Fcw75 said:

Thanks to low ballers lo….na bei.

Frankly, with BOC at 3.8% and t-bills at 3.9% for 6 months why even bother?

Non-competitve might not even get full allocation. 

I didn't get any allocation cause I highballed.

The money had just been refunded and I promptly put into synthetic FD!

Threshold treasuries yield for me is 4.2%.

Now treasuries is like COE - demand much greater than supply! 

Edited November 24, 2022 by Volvobrick

[Fcw75]

1 minute ago, Volvobrick said:

I didn't get any allocation cause I highballed.

The money had just been refunded and I promptly put into synthetic FD!

Threshold treasuries yield for me is 4.2%.

Precisely, why bother with t-bills of less than 4%?

What synthetic FD ah?

i think I go back to BOC. 🤣

Edited November 24, 2022 by Fcw75

[Volvobrick]

1 minute ago, Fcw75 said:

Precisely, why bother with t-bills of less than 4%?

What synthetic FD ah?

i think I go back to BOC. 🤣

Basically convert to USD place USD FD and at maturity convert back to SGD. All future FX rates are locked in so no FX risks. 

[Fitvip]

Looks like Qs at the banks are going to be longer liao.

[Stary]

2 hours ago, Volvobrick said:

Basically convert to USD place USD FD and at maturity convert back to SGD. All future FX rates are locked in so no FX risks. 

Bro...which bank is this?  Got no FX risk one meh?

 

[Cheesey74]

Knn low ballers dream came true, me got nothing cos put in 4% bid but at 3.9% i also dun lose much given that bank also 3.8ish albeit at higher amount, bo bian later put some in FD liao... haha!

[Fcw75]

55 minutes ago, Cheesey74 said:

Knn low ballers dream came true, me got nothing cos put in 4% bid but at 3.9% i also dun lose much given that bank also 3.8ish albeit at higher amount, bo bian later put some in FD liao... haha!

I followed you lor…haha.

Anyway, BOC $5000 above for 6 months also 3.8% liao.