Fixed Deposit Promotion

[lee_yl]

starlight1968sg:

For CIMB, need to open an a/c with them & then get another token before a FD a/c can be opened?


CIMB has only 2 outlets?

Have not gone down yet. $38k one can abalone, $68K two cans of abalone + one can clams, $138K four cans of abalone + one can clams.....

But interest not as high as Sing Finance unless one top up till $250K to become their \"preferred customer\".

[FantasyLandDreams]

Abalone FD promotion Update:

Cimb 68k 2 cans abalone + one can clams no more stock
Limited stock left at Cimb orchard branch only for 38k one can of abalone

[starlight1968sg]

Wish other banks can offer something similar! I want abalone

[MrsKiasu]

starlight1968sg:

Wish other banks can offer something similar! I want abalone

[lee_yl]

starlight1968sg:

alng:

Standard Chartered Bank's promotion has been extended till end of Jan 2016. So far, the bank is flexible in providing higher rates. Have friends getting 2.1% pa for $40K for 2 years and 2% pa for $200K for a year.

The bank is going all its way out to woo customers' money?

I called CIMB early morning and they told me all abalone sets had been fully redeemed. So i decided to go for Stand Chart 2.08% pa for 24mths deal. I recall alng saying that her friend can bargain for better rates so I tried my luck.

To my surprise, Stand Chart gave me 2.13% pa for 24mths. :lovesite:

Of cos, I am worried if banks can be so flexible, they are likely desperate for funds? Hope Stand Chart will still be around after 2yrs!

[alng]

lee_yl:

I called CIMB early morning and they told me all abalone sets had been fully redeemed. So i decided to go for Stand Chart 2.08% pa for 24mths deal. I recall alng saying that her friend can bargain for better rates so I tried my luck.

To my surprise, Stand Chart gave me 2.13% pa for 24mths. :lovesite:

Of cos, I am worried if banks can be so flexible, they are likely desperate for funds? Hope Stand Chart will still be around after 2yrs!

I think foreign banks are more flexible and desperate for SGD. Local banks have too much SGD that they do not treasure us as customers.

The bank officers still have to seek permission for higher rates. Accordingly to them, this year they do not have to approach HQ for higher rates approval. Their branch manager could approve up to certain level.

[comfy]

lee_yl:

starlight1968sg:

[quote=\"alng\"]Standard Chartered Bank's promotion has been extended till end of Jan 2016. So far, the bank is flexible in providing higher rates. Have friends getting 2.1% pa for $40K for 2 years and 2% pa for $200K for a year.

The bank is going all its way out to woo customers' money?

I called CIMB early morning and they told me all abalone sets had been fully redeemed. So i decided to go for Stand Chart 2.08% pa for 24mths deal. I recall alng saying that her friend can bargain for better rates so I tried my luck.

To my surprise, Stand Chart gave me 2.13% pa for 24mths. :lovesite:

Of cos, I am worried if banks can be so flexible, they are likely desperate for funds? Hope Stand Chart will still be around after 2yrs! [/quote]Oh that good news! You call them and ask for better rate before seeing them? May I know which branch?

[zbear]

lee_yl:

So i decided to go for Stand Chart 2.08% pa for 24mths deal. I recall alng saying that her friend can bargain for better rates so I tried my luck.

To my surprise, Stand Chart gave me 2.13% pa for 24mths. :lovesite:

Of cos, I am worried if banks can be so flexible, they are likely desperate for funds? Hope Stand Chart will still be around after 2yrs!

Do u need to put a minimum of $100k or $200k in order to enjoy the 2.13%?

[starlight1968sg]

Guess not convenient to reveal the amt placed to get 2.13%pa for 2 yrs?

[FantasyLandDreams]

starlight1968sg:

Wish other banks can offer something similar! I want abalone

Hi starlight,

:idea:

The FDs that come with abalone are 1.88% or 1.8% for a 50K FD for example.
Since abalone free gift are out of stock now, you place the FD with Maybank instead at 1.9%, which gives you upfront interest the next day and earn the extra 0.1% which is roughly the cost of the can of abalone. Use this extra 0.1% earned to buy yourself the abalone reward that you deserved for working hard in 2015.

Good idea? :boogie: