Fixed Deposit Promotion

[MyPillow]

Liew Nga Wing\" post_id=\"2085107\" time=\"1665163044\" user_id=\"195250:[quote=\"Liew Nga Wing\" post_id=2085107 time=1665163044 user_id=195250]
It takes at least one (1) month to redeem of SSB back to cash and then can apply for the new SSB. The problem is after I redeem my previous SSB, the interest rate for the new SSB may fall.[/quote]

yah , thats the downside ,
then after sold, depends on luck again how much we get , new efforts for non guarantee $50K allotment.
But I sold off a $ 5k bond, too little .

[lee_yl]

Maybank offering 3.2%pa interest for 24mth FD.


Very tempting but DH told me to on hold till Dec/Jan for better rates? Hmmm…

[Nasi Lemak]

MyPillow\" post_id=\"2085359\" time=\"1665385891\" user_id=\"70594:

yah , thats the downside ,
then after sold, depends on luck again how much we get , new efforts for non guarantee $50K allotment.
But I sold off a $ 5k bond, too little .

Maybank offering 2.8 percent per annum for six months.

[mummyof3angels]

lee_yl\" post_id=\"2085486\" time=\"1665478971\" user_id=\"17023:

Maybank offering 3.2%pa interest for 24mth FD.

Very tempting but DH told me to on hold till Dec/Jan for better rates? Hmmm…

Hold a bit longer? Maybe we will soon see FD rates like back in the 80's era?

https://i.imgur.com/VKP2pqI.jpg\">

[MrsKiasu]

Woah this kind of interest rate at current housing prices…maybe time to scoop properties.

[Zeal mummy]

mummyof3angels\" post_id=\"2077842\" time=\"1660098565\" user_id=\"194437:

FD rates at Maybank, Standchart and Bank of China are better than the local 3 banks. But not sure if my concerns about placing FD with foreign banks are justified.

Which bank did you go with in the end? Was it easy to open a new FD? I think BOC went up to 3.3/3.4%.

[Zeal mummy]

mummyof3angels\" post_id=\"2086126\" time=\"1666147439\" user_id=\"194437:

Hold a bit longer? Maybe we will soon see FD rates like back in the 80's era?

https://i.imgur.com/VKP2pqI.jpg\">

Is this real?

[lee_yl]

Wahaha, I asked DH the same question.


I hope it won’t be the case for the near future or else don’t know what will happen to my REITS.

If FD gives out 9.5%pa, then bank mortgage will likely be more than 10%pa? Guess private ppt will crash and all will go and buy HDB as interest is only 2.6%pa (or marginally higher).

[ChiefKiasu]

Zeal mummy\" post_id=\"2086208\" time=\"1666198626\" user_id=\"58173:[quote=\"Zeal mummy\" post_id=2086208 time=1666198626 user_id=58173]
Is this real?[/quote]

In the 80s, things were growing and companies were willing to pay more to borrow.
Interest rates is a function of demand, not supply

[Liew Nga Wing]

Is the present spike of interest rate due to things are growing and companies are willing to pay more to borrow?