Fixed Deposit Promotion

[bestwishes]

BOC 6+6 mth FD can get up to 1.3%

[FantasyLandDreams]

Any good FD promotion now? Thanks.

[starlight1968sg]

UOB 1.1% for 10mth

[amizade]

I think still nothing beats Bank of China. but… safety I don’t know lol

[lego]

I guess if u are worried about how safe your $ will be, just stick to what can be covered by the deposit insurance act per depositor per bank, then it doesn’t really matter if it’s Bank A, B or C.

OT : this deposit insurance thingy, the depositors are the ones funding the premiums for it indirectly right?

[MyPillow]

lego:

I guess if u are worried about how safe your $ will be, just stick to what can be covered by the deposit insurance act per depositor per bank, then it doesn't really matter if it's Bank A, B or C.

OT : this deposit insurance thingy, the depositors are the ones funding the premiums for it indirectly right?

I think so too . pass the cost to consumers, tat maybe explain the low interest rate too .

[starlight1968sg]

Hike in fed reserve interest rate has no impact on FD interest rates yet our SIBOR is climbing quietly

[mum422]

starlight1968sg:

Hike in fed reserve interest rate has no impact on FD interest rates yet our SIBOR is climbing quietly

yup it's likedat. terrible. banks are like sharks. out to destroy you.

[lego]

MAS Proposes Increasing Deposit Insurance Coverage to S$75,000


http://www.mas.gov.sg/News-and-Publications/Media-Releases/2017/MAS-Proposes-Increasing-Deposit-Insurance-Coverage.aspx

[MyPillow]

starlight1968sg:

Hike in fed reserve interest rate has no impact on FD interest rates yet our SIBOR is climbing quietly

starL , i chg out of sibor . horrible fluctuations these 2 yrs tat i am getting. now i can re-finance
i just took up fixed rate package with uob

dunno any secret fixed dep promo rate at bank branches ( last yr i caught the maybank waterway branch \"secret\" promo rate at 1.68% - so fast coming to one year in sept - time to hunt again