Fixed Deposit Promotion
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TheAnswer:
Hi, Structured deposits are different from normal fixed deposits.starlight1968sg:
Just be a bit extra careful when buying structured deposits.
Why? I thought it is safe?
It carries with it investment element and there is an underlying asset to which it is tied to.
You may or may not get the projected higher returns, depending on how the underlying asset fare.
Think there are different grades of structured deposits depending on how much risk you want to take, whether capital guaranteed etc. If you do not hold it to maturity (which is longer than normal fixed deposits tenure), you may not be able to get the full principal sum that you have invested. Some offer a certain minimum guaranteed interest rate for the 1st year or sth like that, but the rest of the potential returns still depends on the performance of the underlying asset.
Structured deposits are also not covered by the deposits insurance scheme. (unlike normal fixed deposits, savings acc, current acc which are covered up to cap of $50k per bank.)
I am not saying structured deposits is not good (risk and returns are related, higher risk ~higher returns), just note the differences.
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They're many banks offering fixed deposit but with different kind of interest rates and returns. I found this article(http://www.imoney.sg/articles/cimb-vs-d ... interests/) quite useful for me to compare the time deposits offered by CIMB and DBS.
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FD has hit 1.6% / 1.7% this month for 50K for a year:
http://singapore-fixed-deposits.com/
Approaching 2% soon perhaps.... -
FantasyLandDreams:
FD has hit 1.6% / 1.7% this month for 50K for a year:
http://singapore-fixed-deposits.com/
Approaching 2% soon perhaps....
savings interest rate ε ζ²Ή
Fantasylanddreams, thks for sharing.
Anyone try Sing invest & Finance before? -
MyPillow:
Yes I did, been with them last 2 years.FantasyLandDreams:
FD has hit 1.6% / 1.7% this month for 50K for a year:
http://singapore-fixed-deposits.com/
Approaching 2% soon perhaps....
savings interest rate ε ζ²Ή
Fantasylanddreams, thks for sharing.
Anyone try Sing invest & Finance before?
March is their \"anniversary sale\" (so got promotion) so as to speak.
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Nowadays bank requesting for big min. sum, ie $25k
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FantasyLandDreams:
Yes I did, been with them last 2 years.MyPillow:
[quote=\"FantasyLandDreams\"]FD has hit 1.6% / 1.7% this month for 50K for a year:
http://singapore-fixed-deposits.com/
Approaching 2% soon perhaps....
savings interest rate ε ζ²Ή
Fantasylanddreams, thks for sharing.
Anyone try Sing invest & Finance before?
March is their \"anniversary sale\" (so got promotion) so as to speak.[/quote]March promo, better than this?
any clues ,what are their core biz?
Last time Hongleong bank (finance) give good interest too, now i think they are as \"stingy\" as our local banks -
Ikid:
Nowadays bank requesting for big min. sum, ie $25k
Plenty of aunties and uncles got 25K.. not a big sum at all.. -
Ikid:
Nowadays bank requesting for big min. sum, ie $25k
There's a 25K 10 month FD at 1.5% by std chart now, till end of this month.
http://s265.photobucket.com/user/mosmos ... D.jpg.html
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