Lala81 Hypersonic July 22, 2015 Share July 22, 2015 (edited) FD redeem early no penalty meh? Not sure. Actually never thought about it. If there is a penalty, then SSB is better. Edited July 22, 2015 by Lala81 ↡ Advertisement Link to post Share on other sites More sharing options...
BanCoe Hypersonic July 22, 2015 Share July 22, 2015 FD redeem early no penalty meh? i heard that normally they see the period the deposit is held and may just give some savings rate interest; I think it may depend Bank to Bank; I know of one bank whom says I need to complete at least 1 or 3 months (for 1 year FD) and if need to cash it I will be paid savings rate interest On an another note any idea if this Bonds can be bought using SRS account (Supplementary Retirement Scheme) Local Banks all "pakat" and don't allow their promo FD's to be used for SRS accounts.... dont know why 1 Link to post Share on other sites More sharing options...
The_Bear Turbocharged July 22, 2015 Share July 22, 2015 ocbc 360, dbs multiplier, uob one accounts all offer more if u get ur salary credited to them, spend minimum of X dollars on CC etc etc. Usually up to 50k per account only though No need so troublesome... http://www.uob.com.sg/privilegereserve/wealth_product_hya.html Link to post Share on other sites More sharing options...
Galantspeedz Turbocharged July 22, 2015 Share July 22, 2015 Not sure. Actually never thought about it. If there is a penalty, then SSB is better. http://blog.moneysmart.sg/invest/singapore-savings-bonds-what-fixed-deposits-need-to-do-to-up-their-game/ 1 Link to post Share on other sites More sharing options...
IDrago 3rd Gear July 22, 2015 Share July 22, 2015 Actually I think bonds are a waste of time. You want regular payments, put together a basket of value stocks, you like excitement, try catching commodity, oil or gold when it bottoms out or you can long or short indexes and put a hedge to it.. Link to post Share on other sites More sharing options...
Lala81 Hypersonic July 22, 2015 Share July 22, 2015 http://blog.moneysmart.sg/invest/singapore-savings-bonds-what-fixed-deposits-need-to-do-to-up-their-game/ FD rates for about 50k is actually ok. DBS i dunno why he keeps mentioning them when they always have the most rubbish FD rates. When they need to do FD, they usually get POSB to do it. maybank and Hong leong all have FDs ranging from 1.6-1.7% p.a. currently if u have enough to reach 50k. Link to post Share on other sites More sharing options...
Lala81 Hypersonic July 22, 2015 Share July 22, 2015 Actually I think bonds are a waste of time. You want regular payments, put together a basket of value stocks, you like excitement, try catching commodity, oil or gold when it bottoms out or you can long or short indexes and put a hedge to it.. To each his own. I think don't overestimate your risk appetite until you've seen your portfolio be in the red 60-70% like in 2008 and you know how u will react. Lol Link to post Share on other sites More sharing options...
IDrago 3rd Gear July 22, 2015 Share July 22, 2015 To each his own. I think don't overestimate your risk appetite until you've seen your portfolio be in the red 60-70% like in 2008 and you know how u will react. Lol That's why you must have strict cut loss price points.. The problem with most Asian investors is that they hold on to the sinking ship, unwilling to punish the stock when it under performs. Or trade VIX index also can 1 Link to post Share on other sites More sharing options...
Reo 4th Gear July 23, 2015 Share July 23, 2015 I'm glad I read this thread. After reading the articles on SGS in the state-owned media recently, I was given the impression that it's going to be 2-3%. On referral to the SGS from the posts here, there's step up and you'll be getting less than 1% for the first year. And if you want more indepth details, you can test your maths here: http://www.sgs.gov.sg/savingsbonds/Determine-rates.aspx Link to post Share on other sites More sharing options...
Enye Hypersonic September 23, 2015 Share September 23, 2015 so after all that hype and propaganda, nobody is applying for the first issue or even interested in it MCFers are all elite with private banking accounts and would not even notice when $500M goes in type, is it? 1 Link to post Share on other sites More sharing options...
Lala81 Hypersonic September 23, 2015 Share September 23, 2015 so after all that hype and propaganda, nobody is applying for the first issue or even interested in it MCFers are all elite with private banking accounts and would not even notice when $500M goes in type, is it? It's 1.2 billion. Lol I forgot about it starting in September. But i think i will just buy A35 instead. Link to post Share on other sites More sharing options...
Porker Turbocharged September 23, 2015 Share September 23, 2015 I'm glad I read this thread. After reading the articles on SGS in the state-owned media recently, I was given the impression that it's going to be 2-3%. On referral to the SGS from the posts here, there's step up and you'll be getting less than 1% for the first year. And if you want more indepth details, you can test your maths here: http://www.sgs.gov.sg/savingsbonds/Determine-rates.aspx The US 10Y treasury yields more than that at slightly over 2%. No point buying the s h i t t y stuff we have here. Link to post Share on other sites More sharing options...
Lala81 Hypersonic September 23, 2015 Share September 23, 2015 The US 10Y treasury yields more than that at slightly over 2%. No point buying the s h i t t y stuff we have here. Target audience is not for you lah. It's for the common folks. 1 Link to post Share on other sites More sharing options...
Reo 4th Gear September 25, 2015 Share September 25, 2015 Glad that you confirmed it. I always thought only politics is biased on the pap-controlled media but never thought of the same for investment. Looks like I gotta be wary of "everything". The US 10Y treasury yields more than that at slightly over 2%. No point buying the s h i t t y stuff we have here. 1 Link to post Share on other sites More sharing options...
Kusje Supersonic September 25, 2015 Share September 25, 2015 The US 10Y treasury yields more than that at slightly over 2%. No point buying the s h i t t y stuff we have here. Correct me if I am wrong but isn't there also a 35% tax on US investment gains? 1 Link to post Share on other sites More sharing options...
Showster Twincharged September 25, 2015 Share September 25, 2015 Its interest gains are nothing special compared to other bonds. But its most important features are capital preservation (guarantee by Govt) plus liquidity (anytime can withdraw). So it suits those who are keeping the funds locked up for a fixed period and needing to withdraw for emergencies. Can act as reserve savings beyond two months of expenditure. 2 Link to post Share on other sites More sharing options...
Spring Moderator September 25, 2015 Share September 25, 2015 Unless u are willing to tie your funds up for 3-4 years minimum, preferably longer; it's not really worth it IMO as the interest rates for the first few years is pittance and can easily be matched by bank deposits if one is risk adverse. But I guess there will still be people who bite cos of the safe nature of these S'pore Govt Bonds. Trouble I feel is that many a time, u may feel u don't need the funds but unforeseen circumstances mean u may need funds unexpectedly and even though u can redeem it, low interest is paid. Banks occasionally have demand for funds and pay higher than usual rates. Currently BOC paying 1.65% to 1.7% for 6 mths deposit more worth it I feel. http://www.bankofchina.com/sg/bocinfo/bi3/bi31/201508/t20150805_5390181.html 4 Link to post Share on other sites More sharing options...
The_Bear Turbocharged September 25, 2015 Share September 25, 2015 Unless u are willing to tie your funds up for 3-4 years minimum, preferably longer; it's not really worth it IMO as the interest rates for the first few years is pittance and can easily be matched by bank deposits if one is risk adverse. But I guess there will still be people who bite cos of the safe nature of these S'pore Govt Bonds. Trouble I feel is that many a time, u may feel u don't need the funds but unforeseen circumstances mean u may need funds unexpectedly and even though u can redeem it, low interest is paid. Banks occasionally have demand for funds and pay higher than usual rates. Currently BOC paying 1.65% to 1.7% for 6 mths deposit more worth it I feel. http://www.bankofchina.com/sg/bocinfo/bi3/bi31/201508/t20150805_5390181.html http://www.uob.com.sg/privilegebanking/assets_hya_promo.html?s_pid=MP206AQ8122A_eg_221x90_homepr01 UOB giving 1.68% for high yield saving account but subject to max $5,000,000 cap. ↡ Advertisement Link to post Share on other sites More sharing options...
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