Fixed Deposit Promotion

[MyPillow]

lee_yl:

@comfy,

No, I didn't call and ask for better rates before going down. I just tried my luck when I was at the bank. To my surprise, they gave me a better rate on the spot after some prompting. I went to the branch at ION.

@zbear,
I placed $200K with them as initially, i was looking at the 2.08% pa. As alng's friend enjoyed a better rate too with just $40K, I believe those who know, can ask for better rates than those advertised!

@Starlight,
I think the min amt required to open a FD with SCB is $25K. The counter staff offered me 1.93% pa for 12mths. I am not sure when one's bargaining power is higher, one can get higher than 1.93% pa

leeyl , v hardworking . appreciated
u existing cust of scb? called me few days ago too, i yet to decided.

[zbear]

MyPillow:

u existing cust of scb? called me few days ago too, i yet to decided.

lee_yl, are u a SCB Priority Customer? I can't help but notice that SCB only takes care of Priority Customers but not normal n new customers.

[MyPillow]

zbear:

I can't help but notice that SCB only takes care of Priority Customers but not normal n new customers.

zbear,most banks care their P cust , scared they run away to give competitor $$

[alng]

MyPillow:

zbear:

I can't help but notice that SCB only takes care of Priority Customers but not normal n new customers.

zbear,most banks care their P cust , scared they run away to give competitor $$

DBS/POSB also did not care for me when my funds was with them. But when I moved my funds to SCB, two different bank officers from DBS called me immediately on the same day.

[starlight1968sg]

OT: so sad, when I moved my funds, nobody called me.

[MyPillow]

alng:

DBS/POSB also did not care for me when my funds was with them. But when I moved my funds to SCB, two different bank officers from DBS called me immediately on the same day.

alng, so what did dbs offer to do for you ? i know their fixed dep rate is low low

[MyPillow]

alng:

DBS/POSB also did not care for me when my funds was with them. But when I moved my funds to SCB, two different bank officers from DBS called me immediately on the same day.

alng, so what did dbs offer to do for you ? i know their fixed dep rate is low low

[GiftedGem]

SCB has been aggressive in attracting new priority customers and that explains why they are offering more attractive rates. Even for existing priority customers, as long you inject new funds, say $200k, the offering rate is certainly better than the rest like HSBC Premier, ANZ Signature, Citigold.


I have moved some of my funds to SCB and locked in FDs on short tenure. The latest is 7 mths tenure and they did offer me very attractive rate. It also depends who yr RM is, how supportive is he / she in getting the rate for you.

One thing is for the freebie, I would love to have abalone instead of Risis Barrel which SCB is giving. Becos of the attractive rate, I gostan to SCB instead of HSBC.

[alng]

MyPillow:

alng:

DBS/POSB also did not care for me when my funds was with them. But when I moved my funds to SCB, two different bank officers from DBS called me immediately on the same day.

alng, so what did dbs offer to do for you ? i know their fixed dep rate is low low

Their multiplier account and the usual investment plans. Anyone has opened SCB's bonus saver current account? I thought 1.88% is quite good though it capped at $25,000. But SCB said you can open two accounts with another person with A+B and B+A and you can enjoy 1.88% for up to $25,000 in each of the two accounts. The catch is you have to spend $500 on the debit card that is attached to this account every month.

[lalaland]

I went to the SCB and asked the personnel to give a better rate as Maybank downstairs is giving 1.9% for 12 mths. He said he cannot. Then I told him my friend is able to get 1.93% for 25k, 12 months. Then he said OK. So it turned out good.

I am not a priority customer.