Fixed Deposit Promotion

[starlight1968sg]

For the current HLF promo which gives a set of white plates, need to go somewhere near Bugis Junction to collect!

[starlight1968sg]

What is the best deal for Mar 2019?

[FantasyLandDreams]

starlight1968sg\" post_id=\"1901103\" time=\"1551705013\" user_id=\"14025:

What is the best deal for Mar 2019?

I use this as reference.

https://blog.moneysmart.sg/fixed-deposits/best-fixed-deposit-accounts-singapore/

[starlight1968sg]

Tks FLD for replying

I don’t really like Maybank, ICBC etc.
Am accessible to HLF, UOB and RHB though none offer 2%pa which I earlier thought would be possible.

[starlight1968sg]

The interest rates seem dropping

[MyPillow]

starlight1968sg\" post_id=\"1916957\" time=\"1562072126\" user_id=\"14025:

The interest rates seem dropping

Ya, States is dropping
Our mortgage loan int rate will drop too , some comfort
Sing savings bond rate dropped a lot for new sub month too

[whizzard]

Maybank has a fresh funds promotion under their iSAVvy savings account. 2.0% pa interest on savings account. No necessity to lock-up your funds at all. I personally use this to get 2.0% pa interest on my “war chest”.


Stanchart has something similar under their eSaver account. But will only pay 2.0% pa for $200k and above. I have not used this.

Lastly, HSBC also has something similar under their Everyday Global Account. Used this before but my experience with HSBC is not good hence switched back to Maybank.

There are also a variety of high yield account out there by DBS, UOB and OCBC. I personally use the DBS Multiplier account where I get an effective interest rate of 3.65% pa on a maximum limit of $100k per account. Managed to open 2 such accounts under my name and my wife ‘s name. I also use the UOB One account that pays me an effective interest rate of 2.44% pa on a maximum of $75k per account. Again, managed to open 2 such accounts under my wife and I to maximise the amount getting the high interest.

None of the accounts I mentioned above require you to lock in your funds, unlike a fixed deposit. I want to keep my funds liquid for investment opportunities and earn a higher rate of interest whilst waiting for such opportunities to unfold.

Lazy to type it out here all over again but I have a thread on it at another forum “Money Mind” if you are interested to find out more.

https://forums.hardwarezone.com.sg/money-mind-210/optimising-interest-income-via-high-yield-bank-accounts-6038782.html

[lee_yl]

https://postimg.cc/yJ8YPqwy


$54 for every $5K deposited. 7 months FD.

[mummyxoxo]

lee_yl\" post_id=\"1918740\" time=\"1562738680\" user_id=\"17023:

https://postimg.cc/yJ8YPqwy

$54 for every $5K deposited. 7 months FD.

Think it is more profitable to place the money in high interest savings account like dbs multiplier, ocbc 360 and uob one. Or SSB.

[lee_yl]

mummyxoxo\" post_id=\"1919034\" time=\"1562841081\" user_id=\"131057:

lee_yl\" post_id=\"1918740\" time=\"1562738680\" user_id=\"17023:

https://postimg.cc/yJ8YPqwy

$54 for every $5K deposited. 7 months FD.

Think it is more profitable to place the money in high interest savings account like dbs multiplier, ocbc 360 and uob one. Or SSB.

My friend used to have one such account. She was jumping up and down when one of the criteria was not fulfilled so she failed to get her due interest. She said not her fault as the other side delayed payment by 2 days (maybe her salary was credited late by 2 days?)

I feel it’s tiring to keep track that I fulfill every criterion so that I get my monthly interest. Money should work hard for me and not the other way round.