Which bank offers the highest Fixed Deposit rates?

[Stary]

On 6/10/2023 at 3:08 PM, mersaylee said:

Not quite understand how it works. Earlier you mentioned that to make a withdrawal may take a few days...so there's no lock in there but does the 0.15% pa charge still apply or is pro rated? 

Let's say I make a placement of 10k for 12mth now, the 0.15% pa works out to be $15 correct? Upon maturity 12 mths later, assuming it yields 4%...the payout is $10385?

Their FAQ say this :

What fees do I pay?

There is a fund level fee of 0.15% p.a., which is factored into the price of each unit, paid directly to Fullerton Fund Management. There are no other fees beyond this.

If you still need to know more, suggest you call them.

Edited June 10, 2023 by Starry

[Flying_genie]

On 6/9/2023 at 6:59 AM, mersaylee said:

Just place a 12 mth with aI Ci Buay Ci bank😂...at 4.25% 

It's a bundle package deal with a 5 years structured life income(to me it's more of an insurance) plan with yearly payout of 3k...also placed another 3 mth FD at 3.6%

FD rate at other banks are getting lower at fast rate...😅

Singapore banks have too much cash now. That’s why FD rates are dropping fast.

https://www.businesstimes.com.sg/companies-markets/singapore-banks-are-so-flush-deposits-dbs-loaning-mas-s30-billion

[Voodooman]

On 6/10/2023 at 12:08 PM, Starry said:

Actually with the current low FD environment, I will take chances with money market funds like the one from Fullerton.

No lock-in, and I have been getting about 4%/annum for the last 4 months.

 

If you can accept money market funds and think US interest rate has peaked and or is peaking, perhaps time to look at USD bond funds.  

I have been buying into a US$60bn Pimco bond fund that pays more than 6%, it is USD dominated but SGD hedged. 

Just sharing. Please do own dueD.

 

[Fcw75]

http://www.income.com.sg/gro-capital-ease?fbclid=IwAR3AwHNPRjep7AUa-4tA8vfnI4n6pAn2c5JyaSNCKI-ZgdDMhbLOlKJdeXk_aem_th_AbhsAb27fqJySJ7esw-Xavud9r40G250K_CJjJkAXDBX3TfjSsmI7UbiqnD3AoIQhFwMtdpHOIZxBGwpKv2UoiTv
 

Income 3.55%p.a. for 3 years. 😅

[Fcw75]

This round Fed never increase the rate, wonder if it will affect the upcoming 6 mths t-bills?

[Volvobrick]

On 6/15/2023 at 7:32 PM, Fcw75 said:

This round Fed never increase the rate, wonder if it will affect the upcoming 6 mths t-bills?

Fed says 2 more hikes before year end so another 0.5 to go. If inflation doesn't go back up. At less than 4% might as well buy USD put USD FD at more than 5%.

[Throttle2]

Got $800k coming due in 2-3 weeks

thinking of what to do….hhmmmm

[Lala81]

On 6/10/2023 at 3:26 PM, Starry said:

Their FAQ say this :

What fees do I pay?

There is a fund level fee of 0.15% p.a., which is factored into the price of each unit, paid directly to Fullerton Fund Management. There are no other fees beyond this.

If you still need to know more, suggest you call them.

https://financialhorse.com/fullerton-sgd-cash-fund-pays-a-3-88-yield-on-cash-better-buy-than-t-bills-or-fixed-deposit-money-market-funds-a-must-buy/

 

[Throttle2]

On 6/18/2023 at 9:08 AM, Lala81 said:

https://financialhorse.com/fullerton-sgd-cash-fund-pays-a-3-88-yield-on-cash-better-buy-than-t-bills-or-fixed-deposit-money-market-funds-a-must-buy/

 

 

nothing new , been doing for the last 20yrs

MMF work well if you are in it for the longer term as they smoothen out the curve over time to produce a slightly above average return against benchmark by taking slightly higher risk and duration accordingly. 
 

It isnt meant for a couple of months type of placement.

Edited June 18, 2023 by Throttle2

[Throttle2]

The issue with funds is that they are not so meaningful nor accessible to retail market in the past due to minimum investment amounts and distribution channels

in the recent dcade, with more retail platforms distribution, more people hv been getting into them. 
that said, note that you not only pay the fund management fees but also the platform fees or custody fees. Just be aware and read the fine print.

[Wt_know]

On 6/18/2023 at 11:19 AM, Throttle2 said:

The issue with funds is that they are not so meaningful nor accessible to retail market in the past due to minimum investment amounts and distribution channels

in the recent dcade, with more retail platforms distribution, more people hv been getting into them. 
that said, note that you not only pay the fund management fees but also the platform fees or custody fees. Just be aware and read the fine print.

well, there is no free lunch ... fund issuer, banker and technology provider took the cut first ...

Edited June 18, 2023 by Wt_know

[Mkl22]

On 6/18/2023 at 7:09 PM, Wt_know said:

well, there is no free lunch ... fund issuer, banker and technology provider took the cut first ...

so Ah gong Tbills best? No haircut? 😂

[Lala81]

On 6/18/2023 at 7:16 PM, Mkl22 said:

so Ah gong Tbills best? No haircut? 😂

i have something like a T bill ladder. But MMF could be an alternative as opposed to using those higher yield banking accounts. Since it's just T+1.

 

[mersaylee]

On 6/18/2023 at 7:16 PM, Mkl22 said:

so Ah gong Tbills best? No haircut? 😂

When one's ah gong gives good rate for tbill, tnote, tbond...means that ah gong needs money corright...but for what huh?...and when that ah gong not rising enuf rate for the money in the pool means what huh? 🤔

[Throttle2]

On 6/18/2023 at 7:20 PM, Lala81 said:

i have something like a T bill ladder. But MMF could be an alternative as opposed to using those higher yield banking accounts. Since it's just T+1.

 

8n a high rate environmemt, MMF may work for those who are not bothered with getting the highest yields over the shorter periods.  and being able to have liquidity on the tap if necessary.

It actually doesnt work for most retail people who are over sensitive with rates and fees. 
 

There is simply no free lunch. MMF uses longer duration and less liquid instruments to achieve higher paper return (annualized) compared to deposits.  
 

Folks who simply see the ann. yield being higher than FD and thinking that it is instantly a better option may very well be disappointed. 
 

dont learn it the hard way, 🤣😆😁

 

 

Edited June 19, 2023 by Throttle2

[Mkl22]

On 6/18/2023 at 8:24 PM, mersaylee said:

When one's ah gong gives good rate for tbill, tnote, tbond...means that ah gong needs money corright...but for what huh?...and when that ah gong not rising enuf rate for the money in the pool means what huh? 🤔

ah gong needs money to build Founders memorial, more HDBs, New NS square etc...

[mersaylee]

On 6/19/2023 at 9:52 AM, Mkl22 said:

ah gong needs money to build Founders memorial, more HDBs, New NS square etc...

Oh yah...wat rubbish...every thing also must be atas...including bin...😁

[TangoCharlie]

On 6/19/2023 at 9:34 AM, Throttle2 said:

8n a high rate environmemt, MMF may work for those who are not bothered with getting the highest yields over the shorter periods.  and being able to have liquidity on the tap if necessary.

It actually doesnt work for most retail people who are over sensitive with rates and fees. 
 

There is simply no free lunch. MMF uses longer duration and less liquid instruments to achieve higher paper return (annualized) compared to deposits.  
 

Folks who simply see the ann. yield being higher than FD and thinking that it is instantly a better option may very well be disappointed. 
 

dont learn it the hard way, 🤣😆😁

 

 

Is it also true that FM of HY funds also withdraw principal to maintain dividend level resulting in lower and lower nav? 😵‍💫🥲😞