Which is the best FD currently ?

[pinkblue]

I park some fund in NZD fixed deposit for a few years. So far so good…interest much better than Sing FD.

[mum2dan]

Anybody can share which bank offers the best interest rate for FD now?

[verykiasu2010]

mum2dan:

Anybody can share which bank offers the best interest rate for FD now?

none

is cheaper to borrow at loan rates lower than inflation rates while deposit rates are near zero

[ohdaddy]

mum2dan:

Anybody can share which bank offers the best interest rate for FD now?

if you willing to try foreign curreny FD, returns are quite good in today's market. however, there is currency risk. citibank has its monthly promotion on foreign currency FD going on now. stanchart rates also good considering its low min deposit compared to other banks.

[verykiasu2010]

ohdaddy:

mum2dan:

Anybody can share which bank offers the best interest rate for FD now?

if you willing to try foreign curreny FD, returns are quite good in today's market. however, there is currency risk. citibank has its monthly promotion on foreign currency FD going on now. stanchart rates also good considering its low min deposit compared to other banks.

before embarking on foreign currency deposit, people should read up on interest rate parity theory first

there is no free lunch

[mumzmummy]

DBS http://www.dbs.com/sg/personal/deposit/fixed/default.aspx rate - 0.0750% 12 months, min $1k.

OCBC - 0.90% 12 months (promo rate)

[ohdaddy]

verykiasu2010:

ohdaddy:

[quote=\"mum2dan\"]Anybody can share which bank offers the best interest rate for FD now?

if you willing to try foreign curreny FD, returns are quite good in today's market. however, there is currency risk. citibank has its monthly promotion on foreign currency FD going on now. stanchart rates also good considering its low min deposit compared to other banks.

before embarking on foreign currency deposit, people should read up on interest rate parity theory first

there is no free lunch[/quote]agree. nothing comes free and easy