Fixed Deposit Promotion

[starlight1968sg]

pirate:

starlight1968sg:

Pirate

I had the FD ladder
But as the interest rates going down, my ladder is going down too

Unfortunately, a ladder is a type of structure where instead of buying options, one is actually selling options. So, when the market moves against the 'investor', the 'investor' dies horribly because the 'investor' is actually taking on contingent liability. If the market moves in the investor's favor or does not move, the 'return' is actually the option fee for selling the options.

Hence, I never touch ladders. Limited upside, but unlimited downside.

[MyPillow]

not sure about struct dep nowadays, but i used to buy this product from uob, SCB 8 yrs+ back - the returns were as promised. No encounter of zero return, I even bought fr Aussie investment - Macquarie Bank … all ok …phew …

[lee_yl]

For this structured deposit, the interest stated is FIXED. No variable component. Some structured deposit may have a variable interest rate tied to sibor but not this one.


Interest is paid every 6 months into your savings account so cannot be zero interest lah.

Free cancellation within 7 days. Caveat emptor. :xedfingers:

[starlight1968sg]

OT: NOT a Fixed Deposit

https://www.manulife.com.sg/manulifeboost

Anybody bought Manulife Boost 1?
Thank you.

[jeparent]

With ref to the Maybank Structured deposit , I wonder if there is a deliberate mistake.


In the papers ,it is saying

Minimum effective interest rate is 2.3073% p.a.3

In the Maybank webpage, it is saying

Maximum effective interest rate is 2.3073% p.a.3

[lee_yl]

jeparent:

With ref to the Maybank Structured deposit , I wonder if there is a deliberate mistake.


In the papers ,it is saying

Minimum effective interest rate is 2.3073% p.a.3

In the Maybank webpage, it is saying

Maximum effective interest rate is 2.3073% p.a.3

I took it in stride since Min = Max as the annual rates are fixed with no variable component.

[MyPillow]

lee_yl:

jeparent:

With ref to the Maybank Structured deposit , I wonder if there is a deliberate mistake.


In the papers ,it is saying

Minimum effective interest rate is 2.3073% p.a.3

In the Maybank webpage, it is saying

Maximum effective interest rate is 2.3073% p.a.3

I took it in stride since Min = Max as the annual rates are fixed with no variable component.

yep correct. min u get 2.3% int rate ,max u can get is also 2.3% -no more no less, Must keep the capital/deposit for 5 hard yrs with the bank.

[jeparent]

MyPillow:

lee_yl:

[quote=\"jeparent\"]With ref to the Maybank Structured deposit , I wonder if there is a deliberate mistake.


In the papers ,it is saying

Minimum effective interest rate is 2.3073% p.a.3

In the Maybank webpage, it is saying

Maximum effective interest rate is 2.3073% p.a.3

I took it in stride since Min = Max as the annual rates are fixed with no variable component.

yep correct. min u get 2.3% int rate ,max u can get is also 2.3% -no more no less, Must keep the capital/deposit for 5 hard yrs with the bank.[/quote]Sorry , perhaps i am not familiar to the financial terms. The mentioned structured deposit only mentioned 100% principal guaranteed , hence you may not get any returns/gain at all after maturity. Hence i feel it is kind of misleading by saying \"minimum\" effective interest rate.

[lee_yl]

jeparent:

MyPillow:

[quote=\"lee_yl\"]

I took it in stride since Min = Max as the annual rates are fixed with no variable component.

yep correct. min u get 2.3% int rate ,max u can get is also 2.3% -no more no less, Must keep the capital/deposit for 5 hard yrs with the bank.

Sorry , perhaps i am not familiar to the financial terms. The mentioned structured deposit only mentioned 100% principal guaranteed , hence you may not get any returns/gain at all after maturity. Hence i feel it is kind of misleading by saying \"minimum\" effective interest rate.[/quote]The interest is paid every 6 months during the tenure of the structured deposit.

So you will be getting regular income and collect the full principal at the end of the tenure.

[lalaland]

I remember there was a lot of activities this time last year - Stanchart, Maybank all offering very competitive rates.

Those who put in 12 months last year probably have their deposits matured around now. But the rates are so pathetic now the structured deposits look good in comparison. Anyone seriously looking at this? But it is for 5 years, min 30k.

http://info.maybank2u.com.sg/personal/investment-insurance/investment/structured-deposit-current-offering.aspx