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Hello brudders here, trying to seek some advice from you guys. Is Foreign Currency Time Deposit safe? relatively low risk? Why do certain countries offer a higher interest like NZ?

Read today ST Forum Page and was amused by one letter send to ST Forum: Quote: "Come Save with POSB but pay $4.50 to deposit coins" "Complainant's son was happy to received a piggy bank in the form of a 'can' from POSB a few months ago. It was distributed in his school, together with a booklet, to encourage young children to put aside some money daily. It took her son a while to fill the 11 cm-tall can to the brim. She then took her son to the bank on Tuesday to deposit her son savings but found to her dismay that a charge would be imposed on the 500-plus coins which amounted to $86.60. Except for the first 200 colins, there was a charge of $1.50 for every 100 coins and $4.50 was deducted from his POSB account promptly. Her son was clearly upset. It demoralised him to know that he would be charged for makingdeposits in coins should he continue saving money." Weired isn't it!!!! POSB encourage young kids to save by giving them free piggy bank in form of 'can' and later impose a service charge should they deposit their coins with them. They should have waived off the charges for kids so as to encourage them to save. Surely, the cashier could tell on the spot whether it from a kids account or from an adults account. BTW Remember when I was a young kid in primary school, we did received a saving card from then "Post Office Bank" to encourage us to save. What we need to do is to purchase a stamp (5 cent) from the school general office or post office and stick it onto the card. When the card is full ($6.00), we are to bring the card & our pass book to the post office and had it stamped on the card and endorsed ($6.00) in our pass book.

MUMBAI, Sept 9 - Three Indian state-run banks may be granted full banking licenses by the Monetary Authority of Singapore and the Indian government may reciprocate by giving the same status to three Singapore banks, the Economic Times said. State-Bank of India , the country's largest commercial bank, Bank of Baroda and Bank of India may be given the qualifying full banking licence, which would enable the banks to open more branches, the paper said. "We are told that SBI, BOI and BOB will be granted qualifying full banking status. That means we will grant the same status to three banks from Singapore to operate in India," a senior finance ministry official was quoted by the paper as saying. DBS Group , Oversea Chinese Banking Corp and United Overseas Bank are among the banks which have applied for a full banking licence in India, the paper said.

Hi all, anyone noe where's to place our hard earned money in FD and what's the interest rate like or bank to place in there? And saying if we put $10k FD and to secure the $10k throughout the 1yr period or more.

Quick check, how many of you placed your order during the Feb COE crashed and did not get your COE by the sixth bid (no top up)?