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Thread: Fixed Deposit rates??

  1. #1

    Default Fixed Deposit rates??

    which bank has good rates??anyone care to share

  2. #2

    Default Re: Fixed Deposit rates??

    Standard Chartered and HSBC, for AUD deposits.
    Alpha

  3. #3
    Senior Member Big Kahuna's Avatar
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    Default Re: Fixed Deposit rates??


  4. #4

    Default Re: Fixed Deposit rates??

    Raskhae - thanks for the reply

    Big Kahuna - awesome website...thanks dude

  5. #5
    Senior Member wildcat's Avatar
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    Default Re: Fixed Deposit rates??

    Singapore FD rates?
    Not really

  6. #6

    Default Re: Fixed Deposit rates??

    Quote Originally Posted by Big Kahuna View Post
    like not accurate leh :

    ______________
    6) Standard Chartered. Rating: B -



    HDB variable: 2.78 per cent.

    HDB fixed/pegged: 2.4, 2.4, 2.0 (3-mo. Sibor (now at 0.7) + 1.3).

    HDB pegged: 2.25 per cent = (3-mo. Sibor (now at 0.7) + 1.55). No lock-in.

    Private pegged: 2.0 per cent = (3-mo. Sibor (now at 0.7) + 1.3). No lock-in.

    Private fixed/pegged: 2.45, 2.45, 2.0 (3-mo. Sibor (now at 0.7) + 1.3).

    ____________


    i am paying 1.70% for 1st year, thereafter is 1.3% +3 months sibor. for other bank they either dont tell you the penalty or hard-selling. standard chart service is better, they make sure you understand the penalty, the terms and conditions and stuff.
    Last edited by ninelives; 15th June 2010 at 10:09 PM.
    Objection !!!

  7. #7

    Default Re: Fixed Deposit rates??

    FD rates here sucks and getting bad to worst....to the extend you might be thinking to keep your money under you bed instead...lol

  8. #8
    Senior Member wildcat's Avatar
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    Default Re: Fixed Deposit rates??

    Quote Originally Posted by Teo View Post
    FD rates here sucks and getting bad to worst....to the extend you might be thinking to keep your money under you bed instead...lol
    LOL... I was thinking pretty much the same.

  9. #9
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    Default Re: Fixed Deposit rates??

    thats why its better to spend it all...then you wont suffer from the effects of inflation. haha
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    Member voxies09's Avatar
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    Default Re: Fixed Deposit rates??

    that's why Singapore is very expensive country.. ppl like to spend then save...
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  11. #11

    Default Re: Fixed Deposit rates??

    why want to save in singapore for peanuts in interest when u can save in malaysia for 5 times the interest...at least!
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    Member voxies09's Avatar
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    Default Re: Fixed Deposit rates??

    indonesia is the best.... higher rate, and higher inflation all higher lol
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  13. #13

    Default Re: Fixed Deposit rates??

    Quote Originally Posted by voxies09 View Post
    indonesia is the best.... higher rate, and higher inflation all higher lol
    Plus higher risk? LOL

  14. #14
    Member whizzard's Avatar
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    Default Re: Fixed Deposit rates??

    Quote Originally Posted by bratz View Post
    which bank has good rates??anyone care to share
    CIMB Bank pays 1% pa on your savings with their Star Saver account. One of the best in Singapore for SGD deposit (non-Fixed Deposit i.e. you are free to deposit and withdraw at any time). The local banks are all paltry - way less than 1% (DBS' highest tier is 0.4% pa, UOB is 0.5% pa and OCBC is 0.48% pa). To put it in perspective, having S$500,000 in CIMB is like having S$1,000,000 with any of the local banks based on interest earned!

    I have taken a chunk away from DBS and deposited it with CIMB. This is for money that I keep for emergency liquidity or for highly convicted investments. To balance between convenience and higher yield, the money I leave with DBS is for my regular expenditure and normal investment purposes.

    The Singapore Government has decided to guarantee all Singapore Dollar and foreign currency deposits of individual and non-bank customers in banks, finance companies and merchant banks licensed by the MAS. CIMB is one of those banks. Although it is rated lower than the local banks, you are essentially given a free arbitrage due to this policy. The guarantee will take immediate effect and will remain in place until 31 December 2010.

    Of course if you are enterprising enough, putting it in Aussie Dollar will multiply your returns even more but you will be exposed to foreign exchange risk. Hence, to earn a risk free boost on your SGD savings returns, consider placing your SGD with CIMB or another similarly high paying bank (or finance compay) in Singapore.

  15. #15
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    Default Re: Fixed Deposit rates??

    Quote Originally Posted by whizzard View Post
    The Singapore Government has decided to guarantee all Singapore Dollar and foreign currency deposits of individual and non-bank customers in banks, finance companies and merchant banks licensed by the MAS. CIMB is one of those banks. Although it is rated lower than the local banks, you are essentially given a free arbitrage due to this policy. The guarantee will take immediate effect and will remain in place until 31 December 2010.
    I thought this is only for the first $20k in each account.

  16. #16
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    Default Re: Fixed Deposit rates??

    Quote Originally Posted by shiruikage View Post
    why want to save in singapore for peanuts in interest when u can save in malaysia for 5 times the interest...at least!
    I have heard of people opening a Maybank account in Malaysia. Is there any difference between opening a Maybank account in Malaysia from the one in Singapore? I know they have to conform to local regulations which of course is much stricter in Singapore. But if it is not a lot of money like $10-20k, is it very much unsafe to the extend that it is not advisable?

  17. #17
    Member whizzard's Avatar
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    Default Re: Fixed Deposit rates??

    Quote Originally Posted by ManWearPants View Post
    I thought this is only for the first $20k in each account.
    The first S$20K is under the Deposit Insurance Scheme. Anything beyond that is guaranteed by the Singapore govt, which pledged S$150 bil to back this guarantee and for the first time ever, the President's approval was sought to access Singapore's past reserves for this.

    See quote from OCBC Bank below.

    "Deposits in excess of the amount insured by the Deposit Insurance Scheme are guaranteed by the Singapore Government during the Guarantee Period with effect from 16 October 2008 until 31 December 2010. The Singapore Government will guarantee all Singapore dollar and foreign currency deposits of individual and non-bank customers in banks, finance companies and merchant banks licensed by the Monetary Authority of Singapore (MAS) during this
    period.

    Guaranteed deposits by the Singapore Government are Savings accounts, Current accounts, Fixed Deposit accounts and bank accounts under the Supplementary Retirement Scheme or other deposit products prescribed by MAS, but exclude structured deposits as defined in the Financial Advisers Act (Cap. 110) as well as any deposits pledged, charged or secured as collateral."

  18. #18
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    Default Re: Fixed Deposit rates??

    Quote Originally Posted by whizzard View Post
    "Deposits in excess of the amount insured by the Deposit Insurance Scheme are guaranteed by the Singapore Government during the Guarantee Period with effect from 16 October 2008 until 31 December 2010."
    31 Dec 2010 is just round the corner. Better to keep to 20k per account.

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