<![CDATA[Which is the best FD currently ?]]>Hi parents,


Any idea which bank is offering the best rate for Fixed Deposit ?

Looking for FD as one of many other options. Need to spread the eggs in different basket.

Regards

]]>https://forum.kiasuparents.com/topic/30389/which-is-the-best-fd-currentlyRSS for NodeSat, 18 Apr 2026 16:19:21 GMTTue, 03 Jan 2012 01:37:04 GMT60<![CDATA[Reply to Which is the best FD currently ? on Thu, 26 Jul 2012 13:41:39 GMT]]>

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

]]>https://forum.kiasuparents.com/post/806190https://forum.kiasuparents.com/post/806190Thu, 26 Jul 2012 13:41:39 GMT<![CDATA[Reply to Which is the best FD currently ? on Thu, 26 Jul 2012 08:57:22 GMT]]>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)

]]>https://forum.kiasuparents.com/post/806002https://forum.kiasuparents.com/post/806002Thu, 26 Jul 2012 08:57:22 GMT<![CDATA[Reply to Which is the best FD currently ? on Wed, 25 Jul 2012 17:07:18 GMT]]>

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

]]>https://forum.kiasuparents.com/post/805367https://forum.kiasuparents.com/post/805367Wed, 25 Jul 2012 17:07:18 GMT<![CDATA[Reply to Which is the best FD currently ? on Wed, 25 Jul 2012 15:48:05 GMT]]>

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.

]]>https://forum.kiasuparents.com/post/805299https://forum.kiasuparents.com/post/805299Wed, 25 Jul 2012 15:48:05 GMT<![CDATA[Reply to Which is the best FD currently ? on Tue, 24 Jul 2012 15:44:58 GMT]]>

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

]]>https://forum.kiasuparents.com/post/804312https://forum.kiasuparents.com/post/804312Tue, 24 Jul 2012 15:44:58 GMT<![CDATA[Reply to Which is the best FD currently ? on Tue, 24 Jul 2012 15:36:19 GMT]]>Anybody can share which bank offers the best interest rate for FD now?

]]>https://forum.kiasuparents.com/post/804306https://forum.kiasuparents.com/post/804306Tue, 24 Jul 2012 15:36:19 GMT<![CDATA[Reply to Which is the best FD currently ? on Mon, 11 Jun 2012 08:39:06 GMT]]>I park some fund in NZD fixed deposit for a few years. So far so good…interest much better than Sing FD.

]]>https://forum.kiasuparents.com/post/776844https://forum.kiasuparents.com/post/776844Mon, 11 Jun 2012 08:39:06 GMT<![CDATA[Reply to Which is the best FD currently ? on Thu, 07 Jun 2012 06:55:29 GMT]]>Depends on your amount and tenor period. Most banks like DBS, OCBC, HSBC have the same fixed deposit interest rate for the initial 3 months and it differs after that. Should also see which bank has hidden fees like ‘set up charge, early termination fee etc’.

]]>https://forum.kiasuparents.com/post/775447https://forum.kiasuparents.com/post/775447Thu, 07 Jun 2012 06:55:29 GMT<![CDATA[Reply to Which is the best FD currently ? on Mon, 12 Mar 2012 14:08:03 GMT]]>HSBC 12mth


$25k - 1.05% + $20 Shopping vouchers
$200k - 1.15% + $120 shopping vouchers

Anyone interested to be HSBC premier customer ($200k) can let me know… More vouchers for you.

]]>https://forum.kiasuparents.com/post/728329https://forum.kiasuparents.com/post/728329Mon, 12 Mar 2012 14:08:03 GMT<![CDATA[Reply to Which is the best FD currently ? on Thu, 08 Mar 2012 08:22:48 GMT]]>Try ICIC Bank

]]>https://forum.kiasuparents.com/post/726096https://forum.kiasuparents.com/post/726096Thu, 08 Mar 2012 08:22:48 GMT<![CDATA[Reply to Which is the best FD currently ? on Tue, 28 Feb 2012 15:46:30 GMT]]>You looking for SGD FD only?


Actually I am thinking of AUD FD. The interest very high, but FX risk is there…

]]>https://forum.kiasuparents.com/post/719834https://forum.kiasuparents.com/post/719834Tue, 28 Feb 2012 15:46:30 GMT<![CDATA[Reply to Which is the best FD currently ? on Sat, 25 Feb 2012 13:05:34 GMT]]>

Strparent:
DBS - might as well put under pillow :siam:

:rotflmao:

pillow too high leow

]]>https://forum.kiasuparents.com/post/717855https://forum.kiasuparents.com/post/717855Sat, 25 Feb 2012 13:05:34 GMT<![CDATA[Reply to Which is the best FD currently ? on Sat, 25 Feb 2012 10:42:30 GMT]]>Maybank offering a fairly good rate, comparing recent times anyway :skeptical:


compare to those offered by our 3 big banks .... :rant: kns especially that vulnerable atm one :faint:

missed those good old 6% FD interest rates 🙏

Maybank - 1.38% for 24 mths

http://i39.tinypic.com/2a5zo28.jpg\">


UOB - 0.928% for 24 mths

http://i43.tinypic.com/33udh0i.jpg\">

OCBC - 0.65% for 36 mths

http://i44.tinypic.com/2yty8wm.jpg\">

DBS - might as well put under pillow :siam:

http://i39.tinypic.com/9isp01.jpg\">


above all from their respective websites currently

]]>https://forum.kiasuparents.com/post/717814https://forum.kiasuparents.com/post/717814Sat, 25 Feb 2012 10:42:30 GMT<![CDATA[Reply to Which is the best FD currently ? on Sat, 04 Feb 2012 06:42:54 GMT]]>Juz to share my own investment experience. I park a portion of my money in bond funds. It’s an alternative to FD with better returns but I suppose risk wise can be managed so long as one do not put all eggs in one basket

]]>https://forum.kiasuparents.com/post/703645https://forum.kiasuparents.com/post/703645Sat, 04 Feb 2012 06:42:54 GMT<![CDATA[Reply to Which is the best FD currently ? on Fri, 03 Feb 2012 16:14:33 GMT]]>SIA : just announced a set of bad result, no dividends, most of the remisiers I spoke to told me to avoid SIA


1) it was just an illustration.
2) the bad results were already expected. I own shares just around 10 and expect them to turn around as they usually do as they have a rather cyclical business. Lass time they booked costs due to higher fuel
Costs they ran up to 17-18 dollars. I’m a long term investor.
3) I also feel that brokers and remisers like high velocity shares if not they will not be able to earn money.

]]>https://forum.kiasuparents.com/post/703444https://forum.kiasuparents.com/post/703444Fri, 03 Feb 2012 16:14:33 GMT<![CDATA[Reply to Which is the best FD currently ? on Fri, 03 Feb 2012 04:49:05 GMT]]>

kitty2:
Hong Leong Finance 1.18% for 2 yrs fixed deposist.


Hong Leong Asia, a company also under the control of Kwek's family.
Íts main interests are: consumer products, diesel engines and industrial packaging. Its a proxy to China's growth story with no S-chip financial accuracies concern.

Fundamentals: Its a growth co with its turnover doubled over the last 4 yrs from S$2.48B yr 2006 to S$5.1B YR 2010. Nett profit grew from S$61.1M to S$120M respectively. For FY2011, my estimate is nett profit of around S$95-97M. Current trading price is S$1.88. Total dividends S$0.10/shr, which gives you a yield of more than 5%. In yr 2008 which was their worst performing in recent yrs, the dividend was cut to S$0.05/shr which still gave a yield exceeding 2.5% Its nett asset backing is S$2.10 approx. Even at the nxt resistance of S$2.06, its PE is only 7.8x which is rather resonable for a mid size blue chip.

Technicals: The price has on recent days broke out of its base formation and is poised to test the overhead resistance of S$2.06 over the coming weeks bearing any negative market sentiment overseas.

The above is only an example of another alternative within the HL group. Its is not my aim to encourage you to buy the co's share. Just want to state that excess money into FD to obtain higher interest rate is not a winner's technique.

]]>https://forum.kiasuparents.com/post/703018https://forum.kiasuparents.com/post/703018Fri, 03 Feb 2012 04:49:05 GMT<![CDATA[Reply to Which is the best FD currently ? on Fri, 03 Feb 2012 02:15:05 GMT]]>Hong Leong Finance 1.18% for 2 yrs fixed deposist.

]]>https://forum.kiasuparents.com/post/702888https://forum.kiasuparents.com/post/702888Fri, 03 Feb 2012 02:15:05 GMT<![CDATA[Reply to Which is the best FD currently ? on Thu, 02 Feb 2012 18:11:50 GMT]]>

Soul108:
HVR, small investors not worth it for Foreign Currency Fixed Deposits


1) your exchange rate is most of the time charged at board rate which is between 70 to 130 basis points on average EXTRA. Note that this goes both ways Buy and Sell

2) normally bank will charge penalty for pre-termination before maturity

3) risk of foreign exchange fluctuation

I'm not saying it's a bad instrument or alternative but that you need to be aware. Having said, typically buying AUD below 1.28 wouuld be pretty safe and keep long term sell above 1.32/33.. Pretty range bound. But in times of severe market distress, can fall very fast.

If for long term I rather buy shares eg SIA, decent dividend, low share charges lol.. And potential 30% upside.
SIA : just announced a set of bad result, no dividends, most of the remisiers I spoke to told me to avoid SIA

]]>https://forum.kiasuparents.com/post/702718https://forum.kiasuparents.com/post/702718Thu, 02 Feb 2012 18:11:50 GMT<![CDATA[Reply to Which is the best FD currently ? on Thu, 02 Feb 2012 14:46:36 GMT]]>Cimb Bank starsaver acct has 0.8% savings acct .Not FD so can withdraw any time but only 2 location @raffles place and Knightbridge (former crown prince hotel opp Paragon which open daily 10 am -9pm include weekends)

]]>https://forum.kiasuparents.com/post/702634https://forum.kiasuparents.com/post/702634Thu, 02 Feb 2012 14:46:36 GMT<![CDATA[Reply to Which is the best FD currently ? on Thu, 02 Feb 2012 14:34:37 GMT]]>HVR, small investors not worth it for Foreign Currency Fixed Deposits


1) your exchange rate is most of the time charged at board rate which is between 70 to 130 basis points on average EXTRA. Note that this goes both ways Buy and Sell

2) normally bank will charge penalty for pre-termination before maturity

3) risk of foreign exchange fluctuation

I’m not saying it’s a bad instrument or alternative but that you need to be aware. Having said, typically buying AUD below 1.28 wouuld be pretty safe and keep long term sell above 1.32/33… Pretty range bound. But in times of severe market distress, can fall very fast.

If for long term I rather buy shares eg SIA, decent dividend, low share charges lol… And potential 30% upside.

]]>https://forum.kiasuparents.com/post/702626https://forum.kiasuparents.com/post/702626Thu, 02 Feb 2012 14:34:37 GMT<![CDATA[Reply to Which is the best FD currently ? on Thu, 02 Feb 2012 14:32:56 GMT]]>HVR, small investors not worth it for Foreign Currency Fixed Deposits


1) your exchange rate is most of the time charged at board rate which is between 70 to 130 basis points on average EXTRA. Note that this goes both ways Buy and Sell

2) normally bank will charge penalty for pre-termination before maturity

3) risk of foreign exchange fluctuation

I’m not saying it’s a bad instrument or alternative but that you need to be aware. Having said, typically buying AUD below 1.28 wouuld be pretty safe and keep long term sell above 1.32/33… Pretty range bound. But in times of severe market distress, can fall very fast.

If for long term I rather buy shares eg SIA, decent dividend, low share charges lol… And potential 30% upside.

]]>https://forum.kiasuparents.com/post/702625https://forum.kiasuparents.com/post/702625Thu, 02 Feb 2012 14:32:56 GMT<![CDATA[Reply to Which is the best FD currently ? on Thu, 02 Feb 2012 03:08:06 GMT]]>those are for SGD deposits. better not to convert - better not to don’t end up with currency exchange loss in exchange for higher deposit rates …


higher foreign currency deposit interest rates means eventually there is currency loss …

]]>https://forum.kiasuparents.com/post/702081https://forum.kiasuparents.com/post/702081Thu, 02 Feb 2012 03:08:06 GMT<![CDATA[Reply to Which is the best FD currently ? on Thu, 02 Feb 2012 01:08:38 GMT]]>Can anyone advise how does foreign FD works? Must I convert SGD to the foreign currency myself before deposit it with the bank or will the bank do the conversion? How safe is such deposit against currency rate fluctuation? For eg: If the deposit rate is 5% for AUD and by the time the FD mature, AUD has lost 2% against SGD but technically I will not suffer any losses since the interest rate is 5%? Any typical bank charges for such deposit? Thanks.

]]>https://forum.kiasuparents.com/post/701974https://forum.kiasuparents.com/post/701974Thu, 02 Feb 2012 01:08:38 GMT<![CDATA[Reply to Which is the best FD currently ? on Thu, 02 Feb 2012 00:48:14 GMT]]>Bank of China - 1% (on promotion) and ICICI (India bank) 1.15%. Both FD rate up to $50K.


http://singapore-fixed-deposits.com/wordpress/2012/01/28/bank-of-china-12-months-fixed-deposits-promotion/

http://www.icicibank.com.sg/pb_fd.htm

]]>https://forum.kiasuparents.com/post/701951https://forum.kiasuparents.com/post/701951Thu, 02 Feb 2012 00:48:14 GMT