Kangadrool Supersonic February 9, 2012 Share February 9, 2012 saw BOC rates 1.2% promotion. ↡ Advertisement Link to post Share on other sites More sharing options...
JackRabbit 3rd Gear February 9, 2012 Share February 9, 2012 Thanks for the input, bro! I was just doing a quick comparison of various banks and I realise that FD rates are pathetic!! Mainly about 0.5% +/-. That means even with a big chunk of moolah, one can only get a miserable couple of hundred bucks a year in interest. DOH! Is there an investment out there which gives a better rate of return in 6 months, but with no risk to the capital? I would be happy with 2-3%. The Foreign currency deposits seem attractive but the exch rate loses bring risk to the capital - which I do not want. Link to post Share on other sites More sharing options...
Kangadrool Supersonic February 9, 2012 Share February 9, 2012 No risk no gain. BOC 100 year anniversary promotional rates is the highest so far I can see for SGD 12-month FD. Link to post Share on other sites More sharing options...
Jrage 1st Gear February 9, 2012 Share February 9, 2012 You may want to put into sterling deposit. Currently , sterling is under sgd2 and english econ is still pretty under control. In any case, i expect sterling to rise above sgd2 when the crisis ease... If you have a bigger capital can try bond, at least >3% per ann , and could be traded if you need to use the $$. Link to post Share on other sites More sharing options...
Solar Turbocharged February 9, 2012 Share February 9, 2012 during the last dip, i bought quite a sum of AUD when A$1=S$0.90, and put in maybank's monthly FD rate then was over 5%. now dropped to only 4.1% Link to post Share on other sites More sharing options...
Sk65 1st Gear February 9, 2012 Share February 9, 2012 during the last dip, i bought quite a sum of AUD when A$1=S$0.90, and put in maybank's monthly FD rate then was over 5%. now dropped to only 4.1% then wats the exchange rate for SGD vs AUD from last time until now? Link to post Share on other sites More sharing options...
Solar Turbocharged February 9, 2012 Share February 9, 2012 exchange then was A$1=S$0.90 exchange now is like A$1=S$1.34 Link to post Share on other sites More sharing options...
Sabbie Clutched February 9, 2012 Share February 9, 2012 I scare of Malaysian banks, put at Uob at 0.938 recently Link to post Share on other sites More sharing options...
Jp66 5th Gear February 9, 2012 Share February 9, 2012 I scare of Malaysian banks, put at Uob at 0.938 recently is the rate for fresh fund only? Link to post Share on other sites More sharing options...
Espresso Neutral Newbie February 9, 2012 Share February 9, 2012 Anyone has the last word on which bank currently offers the highest FD? Link to post Share on other sites More sharing options...
Tedlhw 5th Gear February 9, 2012 Share February 9, 2012 Thanks for the input, bro! I was just doing a quick comparison of various banks and I realise that FD rates are pathetic!! Mainly about 0.5% +/-. That means even with a big chunk of moolah, one can only get a miserable couple of hundred bucks a year in interest. DOH! Is there an investment out there which gives a better rate of return in 6 months, but with no risk to the capital? I would be happy with 2-3%. The Foreign currency deposits seem attractive but the exch rate loses bring risk to the capital - which I do not want. Buy a Capitaland Convertble bond. 2.875%, 2016 maturity, Trading at approx 98.. Link to post Share on other sites More sharing options...
Solar Turbocharged February 9, 2012 Share February 9, 2012 I scare of Malaysian banks, put at Uob at 0.938 recently Thought MAS has guarantee up to 50k deposits placed in sg? Another one is CIMB. 0.8% SGD. Not a FD though.. you can take it out anytime. Link to post Share on other sites More sharing options...
Jp66 5th Gear February 9, 2012 Share February 9, 2012 Anyone has the last word on which bank currently offers the highest FD? I think it is Maybank. For fresh fund, you get 1.45% for 18 months tenure. The catch is for every 10K, you need to deposit 1K (or 10%) in Saving account for at least for 6 or 9 months (can't remember the exact). 12 months tenure has lower rate. This offer start from 1 Feb. Link to post Share on other sites More sharing options...
Sabbie Clutched February 9, 2012 Share February 9, 2012 is the rate for fresh fund only? Yes, fresh funds, 18 months, 12 months is 0.838 I think...just park my e funds there, 300k is still in Phillips cash management account, not bad once a week earn 20 bucks Link to post Share on other sites More sharing options...
Tedlhw 5th Gear February 9, 2012 Share February 9, 2012 Anyone has the last word on which bank currently offers the highest FD? FDs are a waste of time, unless you are waiting to make an investment. For 1M, get 10K per year, waste time... Even Temasek bond gives you a net 2% yield... Link to post Share on other sites More sharing options...
Tedlhw 5th Gear February 9, 2012 Share February 9, 2012 I think it is Maybank. For fresh fund, you get 1.45% for 18 months tenure. The catch is for every 10K, you need to deposit 1K (or 10%) in Saving account for at least for 6 or 9 months (can't remember the exact). 12 months tenure has lower rate. This offer start from 1 Feb. The actual rate is lower, since have to put 10% in savings acc.. The headline rate for show only.. Link to post Share on other sites More sharing options...
Sabbie Clutched February 9, 2012 Share February 9, 2012 Buy a Capitaland Convertble bond. 2.875%, 2016 maturity, Trading at approx 98.. What's the knock out? Link to post Share on other sites More sharing options...
Espresso Neutral Newbie February 9, 2012 Share February 9, 2012 I think it is Maybank. For fresh fund, you get 1.45% for 18 months tenure. The catch is for every 10K, you need to deposit 1K (or 10%) in Saving account for at least for 6 or 9 months (can't remember the exact). 12 months tenure has lower rate. This offer start from 1 Feb. Sorry bro if i get it wrongly... So if I deposit 100k, I also need to deposit additional 10k in savings for 6 to 9 months. So total of 110k for 9 month and 100k for 18 month and my returns at the end is 14.5k? ↡ Advertisement Link to post Share on other sites More sharing options...
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