Fixed Deposit Promotion
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starlight1968sg:
Bundled FD which I dislike[/quote]I also don't really like bundled FD, so I decide to calculate what is the annual interest rate of this particular bundled FD.Jennifer:
[quote=\"JJ1111\"]Maybank 1.65%
http://info.maybank2u.com.sg/promotion/deposits-banking/deposit-bundle.aspx
Need to tie down the funds in the current or savings account as well.
Let say for minimum amount allows is $5000 + $50000 (FD).
Let say the CASA account interest rate is the same as saving account base rate ie 0.3% for $5000, promotion rate is 1.65% for FD of $50000
Interest for 1 yr = $15 + $825 = $840
So interest pa = $840/55000 = 1.527% (est)
So if compare with SCB 1.45% pa, this seems better?
Just take note that the $5000 willl be held by the bank for the same period as the FD.
Just need to confirm with the bank the interest rate of the CASA account where the $5000 is deposited and what I have shared is correct.
For worst case, no interest rate for CASA account then interest pa for $55000 will be 1.5% -
comfy:
comfy,
Priority BankingJennifer:
Anyone knows how to qualify as SCB Priority Banking Client?
Eligibility Criteria
To enjoy the exclusive Priority Banking membership and all the benefits and privileges that come with it, you need to: 1. maintain a minimum of S$200,000 in deposits and/or investments; or 2. maintain a minimum of S$1.5 million in housing loans with us
:thankyou:
save me a trip to SCB
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Which place offers the best rate?
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starlight1968sg:
Which place offers the best rate?
like dun have ... all in range of 1.25 to 1.4% not v attractive -
MP
The highest I found was RHB. -
MyPillow:
BOC 1.5% 6mths + 6mths.starlight1968sg:
Which place offers the best rate?
like dun have ... all in range of 1.25 to 1.4% not v attractive
For many years I just left $ in FD. Didn't do well in stocks....so now risk adverse...
Lately feel that FD rate is really too low.... just tried out Structured Investments. 8% p.a., 5mths tenure and I reckon it's lower risk than me investing on my own in stocks. -
RHB offers 1.48% for 12mth min 50k
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For short term, SCB has 7mth FD
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![](\"https://s15.postimg.cc/89v2e58gr/IMG_2644.png\")
https://s15.postimg.cc/89v2e58gr/IMG_2644.png\">
UOB promo till end of Jul
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