Fixed Deposit Promotion

[Zeal mummy]

mummyof3angels\" post_id=\"2086248\" time=\"1666243808\" user_id=\"194437:

My hubby's DBS RM told us about this promo 2.6% p.a interest on minimum $100,000 fresh fund. But cannot withdraw for 6 months. And it has to be really fresh funds. Your total bank balance cannot be the same as before. :rotflmao:

We are quite kiasi so we went with this option for the time being. Not sure about the details but it is not really a FD in the traditional sense.

My hubby's gut feel is that FD interest rate might be around 5% by middle next year.

Oh I tot you would have gone for BOC at 3.3%. I hope it doesn’t go up further as it might trigger a recession.

[Zeal mummy]

mummyof3angels\" post_id=\"2086246\" time=\"1666242933\" user_id=\"194437:

Yes this is real! The poster is from the NAS -- National Archives Singapore.

https://www.nas.gov.sg/archivesonline/posters/record-details/734c5130-318c-11e4-859c-0050568939ad

I see; thank you for the link.

[doodbug]

Do watch the youtube videos on T Bills - I can’t explain as well as the youtubers do. T Bills are principal protected only if you hold them to maturity (which is super short anyway, 6 mths or 12 months); SSB can be liquidated without any penalty, any time, and it takes at max a month to liquidate it.

Yes I hold both.

[Liew Nga Wing]

This afternoon, opened a joint names FD account with DH in ICBC (Industrial and Commercial Bank of China) with 3.2 % interest for 12 months.

[Coolkidsrock2]

Minutes of the latest FOMC meeting, likely more hikes still.


https://www.federalreserve.gov/newsevents/pressreleases/monetary20220921a.htm

[sgplusone]

any thoughts on savings (endowment) plans offered by insurance companies

eg FWD 4.5% https://www.fwd.com.sg/personalised-financial-advice/save-first-series-2/
Great Eastern 3.38% https://blog.seedly.sg/great-eastern-great-sp-endowment-plan/

vs other options (FD, tbills, SSB)

[starlight1968sg]

sgplusone\" post_id=\"2088645\" time=\"1668303406\" user_id=\"194714:

any thoughts on savings (endowment) plans offered by insurance companies
eg FWD 4.5% https://www.fwd.com.sg/personalised-financial-advice/save-first-series-2/
Great Eastern 3.38% https://blog.seedly.sg/great-eastern-great-sp-endowment-plan/

vs other options (FD, tbills, SSB)

I may be keen in this FWD plan. Pay say 10k per year for 2 years and at the end of 2 years, we received 4.5%pa guaranteed?

About your qn, I think it is better to spread your eggs. The FDs and tbills are short term; SSB though long term ie 10 years but each time allotted only a relatively small amt.

Do you have lobang for this FWD deal?

[lee_yl]

sgplusone\" post_id=\"2088645\" time=\"1668303406\" user_id=\"194714:

any thoughts on savings (endowment) plans offered by insurance companies
eg FWD 4.5% https://www.fwd.com.sg/personalised-financial-advice/save-first-series-2/
Great Eastern 3.38% https://blog.seedly.sg/great-eastern-great-sp-endowment-plan/

vs other options (FD, tbills, SSB)

Thank you. At 4.5%pa with 100% capital protection, the FWD endowment plan is attractive

[mummyof3angels]

DBS has 5-month FD promo of 3.8% p.a interest on minimum placement S$20,000. Fresh funds not needed!


You need to log into the DBS digibank phone app and key in the promo code when setting up the FD.

\"SR9M\" for 5-month FD rate of 3.8% p.a.

\"SR5M\" for 3-month FD rate of 3.5% p.a.

You have to use the digibank phone app. The promo code won't work on the ibanking website.

https://i.imgur.com/lOl4BVN.jpg\">

[sgplusone]

Money and Me: S-REITs vs T-bills & SSBs. Who trumps?

https://omny.fm/shows/moneyfm-midday-show/money-and-me-s-reits-vs-t-bills-ssbs-who-trumps

Money and Me: How to maximize your wealth with safe investments and should you be investing your CPF-OA in T-bills?
https://omny.fm/shows/moneyfm-midday-show/money-and-me-fixed-deposits-singapore-savings-bond

Choosing between Singapore Savings Bonds, T-bills and fixed deposits to boost your portfolio
https://www.straitstimes.com/business/invest/rising-yields-for-fixed-deposits-singapore-savings-bonds-and-t-bills-give-investors-attractive-low-risk-cash-alternatives