Fixed Deposit Promotion

[GiftedGem]

dagong99:

OCBC dual currency SGD/AUD
S$100K @ 6.8149% p.a. for 1 mth for Premier Customer = S$500++ after 1 mth placement.

Couldn't comprehend why OCBC is giving such good rate whereby RBA board has just lowered the 2.5% recently by 25 basis points to a new record low of 2.25%. My take is that OCBC likely to take short buffer on spread level against the spot rate. As it is, the longer the spread, there is no way for OCBC to offer such attractive rate.

Was actively with SGD/AUD 2-3yrs back with yield of 3-4% and with USD/SGD now. AUD is not a good time to go in now.

If you are in dual currency, I prefer connecting with HSBC Premier. My RM will get the FX in the call to discuss the market rate to go for whether to get converted or to hold on current currency. Of course, will still nego on the RM's spread. :evil:

[FantasyLandDreams]

Hong leong finance 6 month and 8 month FD promotion:

http://www.hlf.com.sg/personal/promotions/deposits.html

[dagong99]

GiftedGem:

dagong99:

OCBC dual currency SGD/AUD
S$100K @ 6.8149% p.a. for 1 mth for Premier Customer = S$500++ after 1 mth placement.

Couldn't comprehend why OCBC is giving such good rate whereby RBA board has just lowered the 2.5% recently by 25 basis points to a new record low of 2.25%. My take is that OCBC likely to take short buffer on spread level against the spot rate. As it is, the longer the spread, there is no way for OCBC to offer such attractive rate.

Was actively with SGD/AUD 2-3yrs back with yield of 3-4% and with USD/SGD now. AUD is not a good time to go in now.

If you are in dual currency, I prefer connecting with HSBC Premier. My RM will get the FX in the call to discuss the market rate to go for whether to get converted or to hold on current currency. Of course, will still nego on the RM's spread. :evil:

Was doing USD/SGD all the while as most of our insurance is in USD, recently into AUD/SGD as advised by RM before the cut. Now USD is too high too.

[zbear]

Are FD interest rates going up now?

[Coolkidsrock2]

It has already gone up.

[Justina Low]

Anyone into buying bonds here? Not very sure how it really works and can someone assist to explain?

[lee_yl]

Looks like POSB Fixed Deposit @ 1.88% for 12 mths (min$1k to max$1mil) still the most attractive compared to other FD rates.


This is the first time I have a FD with POSB. Never in my life could I imagine POSB offering the highest FD rate when it’s always offering the lowest for it’s accounts. I suppose their deposit base has eroded over the years due to competition.

[dagong99]

lee_yl:

Looks like POSB Fixed Deposit @ 1.88% for 12 mths (min$1k to max$1mil) still the most attractive compared to other FD rates.


This is the first time I have a FD with POSB. Never in my life could I imagine POSB offering the highest FD rate when it's always offering the lowest for it's accounts. I suppose their deposit base has eroded over the years due to competition.

Oh, really ? That's a very good rate. My mum just renewed hers with OCBC at 1% and she told me that's the best rate she had been offered by various banks, including DBS.

[starlight1968sg]

Justina Low:

Anyone into buying bonds here? Not very sure how it really works and can someone assist to explain?

I do via ATM for some new bonds.

[alng]

dagong99:

lee_yl:

Looks like POSB Fixed Deposit @ 1.88% for 12 mths (min$1k to max$1mil) still the most attractive compared to other FD rates.


This is the first time I have a FD with POSB. Never in my life could I imagine POSB offering the highest FD rate when it's always offering the lowest for it's accounts. I suppose their deposit base has eroded over the years due to competition.

Oh, really ? That's a very good rate. My mum just renewed hers with OCBC at 1% and she told me that's the best rate she had been offered by various banks, including DBS.

I was at the bank \"洗血汗钱\" last evening. The bank staff told me that this 1.88% is NOT a fixed deposit. It is a promotion for CASA (current account and saving account). Their FD rate is currently lower than 1.88%. We need to apply online.