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Thread: Current Fixed Deposit interest rates, pls

  1. #21

    Default Re: Current Fixed Deposit interest rates, pls

    You may want to consider foreign currency fixed deposits. For eg I've had some money in NZD FD at DBS for about a year at rates of about 6% (now 7% per annum). The FD is rolled over when it expires. During this time the NZD has also appreciated against the SGD, so you get exchange rate gains as well as interest gains. Best of all, foreign currency fixed deposits are now tax-free.

    Check it out here:

    http://www.dbs.com/ratesonline/fdacu.html

    Here is the currency chart for NZD vs SGD last 2 years:

    Last edited by StreetShooter; 28th April 2007 at 04:17 PM.

  2. #22

    Default Re: Current Fixed Deposit interest rates, pls

    Quote Originally Posted by StreetShooter View Post
    You may want to consider foreign currency fixed deposits. For eg I've had some money in NZD FD at DBS for about a year at rates of about 6% (now 7% per annum). The FD is rolled over when it expires. During this time the NZD has also appreciated against the SGD, so you get exchange rate gains as well as interest gains. Best of all, foreign currency fixed deposits are now tax-free.

    Check it out here:

    http://www.dbs.com/ratesonline/fdacu.html

    Here is the currency chart for NZD vs SGD last 2 years:

    Hey SS!

    thanx for the info.....

    after saving for such a long time, i think i wanna move some finances to other banks to reap the interest rates rather than the local ones...

    Thanx heaps!

  3. #23

    Default Re: Current Fixed Deposit interest rates, pls

    Quote Originally Posted by quekky View Post
    this is USD ??

    i open while i am studying in melbourne..

    then leave it there ...

    i only need to reply with instruction when the period is almost up...

  4. #24

    Default Re: Current Fixed Deposit interest rates, pls

    sg got NAB meh ??

  5. #25

    Default Re: Current Fixed Deposit interest rates, pls

    Quote Originally Posted by k3nn3th03 View Post
    this is USD ??

    i open while i am studying in melbourne..

    then leave it there ...

    i only need to reply with instruction when the period is almost up...
    i opened while i studied at uni melb....

    left it there...then when i cam back to SG, i made the mistake of closing it and pulling out



    anywayz from what SS highlighted ....from the DBS website..on NZ dollar...

    say if i put minimum 5grand into FD for 3 months....i will enjoy a 7% interest after 3 months rite?

    and if i never touch it..just ask them to roll over the amount, then for the next 3 months, it will be another 7% ON the rolled over amount for another 3 months rite? then after that when i had enuf of it liao (or a better offer came along) i can then pull it out?


  6. #26

    Default Re: Current Fixed Deposit interest rates, pls

    Quote Originally Posted by plsoong View Post
    i opened while i studied at uni melb....

    left it there...then when i cam back to SG, i made the mistake of closing it and pulling out



    anywayz from what SS highlighted ....from the DBS website..on NZ dollar...

    say if i put minimum 5grand into FD for 3 months....i will enjoy a 7% interest after 3 months rite?

    and if i never touch it..just ask them to roll over the amount, then for the next 3 months, it will be another 7% ON the rolled over amount for another 3 months rite? then after that when i had enuf of it liao (or a better offer came along) i can then pull it out?

    Erm, no. It's 7% PER YEAR. For three months you get 1/4 of 7% = 1.75%.

    Money not THAT easy to make.

    Also, don't forget that there's always an exchange rate spread, so if you convert back and forth too quickly between NZD and SGD, you may lose out even if the currency appreciates. Must hold long long lah.
    Last edited by StreetShooter; 28th April 2007 at 05:01 PM.

  7. #27

    Smile Re: Current Fixed Deposit interest rates, pls

    even if one holds for long long period, it is still expose to foreign exchange risk.


    Quote Originally Posted by StreetShooter View Post
    Erm, no. It's 7% PER YEAR. For three months you get 1/4 of 7% = 1.75%.

    Money not THAT easy to make.

    Also, don't forget that there's always an exchange rate spread, so if you convert back and forth too quickly between NZD and SGD, you may lose out even if the currency appreciates. Must hold long long lah.
    Last edited by reachme2003; 28th April 2007 at 10:15 PM.

  8. #28
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    Default Re: Current Fixed Deposit interest rates, pls

    Buy any China IPOs, the return will be doubled or a few folds in the next few years. Please do some market studies and choose your stock wisely.

    Just my humble opinion.
    Last edited by Wisdomworld; 28th April 2007 at 11:19 PM.

  9. #29
    Moderator LOTUSfairy's Avatar
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    Default Re: Current Fixed Deposit interest rates, pls

    OCBC offered 1.8% only...sad siah..

  10. #30

    Default Re: Current Fixed Deposit interest rates, pls

    Quote Originally Posted by Wisdomworld View Post
    Buy any China IPOs, the return will be doubled or a few folds in the next few years.

    I doubt any China IPOs....
    Stocks investment and puting money in FD is 2 different thing.
    Stocks in general carry more risk than FD.

    Besides, it is always better to allocate some money into FD than having it all in stocks.


  11. #31
    Senior Member Sion's Avatar
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    Default Re: Current Fixed Deposit interest rates, pls

    Quote Originally Posted by k3nn3th03 View Post
    sg got NAB meh ??
    National Australia Bank Group Singapore Branch is located at:

    5 Temasek Boulevard, #15-01
    Suntec Tower Five,
    Singapore 038985
    Telephone: (65) 6419 6875
    Fax: (65) 6338 0039
    Service Hours: 9:00 a.m. - 4:30 p.m.
    (Monday to Friday)

    From someone who doesn't live in Singapore.

  12. #32

    Default Re: Current Fixed Deposit interest rates, pls

    Quote Originally Posted by Sion View Post
    National Australia Bank Group Singapore Branch is located at:

    5 Temasek Boulevard, #15-01
    Suntec Tower Five,
    Singapore 038985
    Telephone: (65) 6419 6875
    Fax: (65) 6338 0039
    Service Hours: 9:00 a.m. - 4:30 p.m.
    (Monday to Friday)

    From someone who doesn't live in Singapore.

    wat this suppose to mean ??

  13. #33
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    Default Re: Current Fixed Deposit interest rates, pls

    Quote Originally Posted by k3nn3th03 View Post
    wat this suppose to mean ??
    It means that even someone outside Singapore knows about NAB in Singapore and can find the address of it in Singapore..........

    Hong Sien

  14. #34
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    Default Re: Current Fixed Deposit interest rates, pls

    For some reasons, the local FD interest rates dropped 2 times in last week, so not a good time to put money in local FD.

  15. #35

    Smile Re: Current Fixed Deposit interest rates, pls

    recently, public wrote to st to complain about uob offering two tier rates for fd. those who allow their fds to auto renewed will get lower rate of interest. but those who turn up to renew or those who requested for higher rates, will be offered higher. case has spoken up against it too. probably, a practice by wee.

  16. #36

    Default Re: Current Fixed Deposit interest rates, pls

    Quote Originally Posted by hongsien View Post
    It means that even someone outside Singapore knows about NAB in Singapore and can find the address of it in Singapore..........

    Hong Sien
    and to think I just posted NAB sg website on their foreign FD interest rate and the person even quoted me...

  17. #37

    Default Re: Current Fixed Deposit interest rates, pls

    for those who interested in foreign TD

    http://info.maybank2u.com.sg/personal/deposits/isavvy_fctd.htm

    AUD 5.91&#37a
    NZD 7.65%pa

    min $10k unit, 6 mth lock in, better buying rates
    Last edited by quekky; 30th April 2007 at 12:00 AM.

  18. #38

    Default Re: Current Fixed Deposit interest rates, pls

    Quote Originally Posted by quekky View Post
    for those who interested in foreign TD

    http://info.maybank2u.com.sg/personal/deposits/isavvy_fctd.htm

    AUD 5.91%pa
    NZD 7.65%pa

    min $10k unit, 6 mth lock in, better buying rates

    wa.. seems better than wat i have...

    any hidden charge ??

  19. #39

    Default Re: Current Fixed Deposit interest rates, pls

    Quote Originally Posted by k3nn3th03 View Post
    wa.. seems better than wat i have...

    any hidden charge ??
    yar lor...scully admin charges even more than interest earned!

  20. #40

    Default Re: Current Fixed Deposit interest rates, pls

    the only thing is u need a iSavvy savings account, and you can only buy online. keep a min of $500 in the savings account to avoid $2 surcharge

    hmm, the rates change daily

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