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For those who have a higher risk appetite, u can try Dual Currency Deposits or DCP in short.
If the website is designed in the proper manner, every Monday updating by end user should be a do-able requirement unless they outsource that website portal to vendor and then held ransom by vendor whenever you need make changes? :)
The reason they cant update is they review the interest rate every monday. they welcom u call in to find out. Thier interest rate is attractive even for 1 mth placement
Sing Investment should be giving 3% for 10K placement. And if got senior citizen rate it is 3.125% A pity this finance companies ALWAYS NEVER update it's website pricing. You need call in to check out. Singapura Finance and Hong Leong does appear more modern as in update website pricing faithfully etc etc....
Hi,
What about those lesser known banks and finance house, like for example Singapura Finance and Bank of East Asia.
If I am not mistaken, the FD for Singapura Finance is 2.78% pa and Bank of East Asia is 2.875% pa.
Regards.
Great info. Thks
Useful sites:
http://www.askdrmoney.com/Deposit_accounts_Details.htm
http://www.qotion.com/Public/deposite.aspx
Hi all
Agree that MayBank offers the best FD rate in town, compare to some of the big local banks. I've some funds parked with them. The other bank could be the CitiGroup with their Unfixed Deposit offer.
Yes. I think Maybank offers good FD products.
Anyone bought into the foreign currency time deposits
From their website -
Anyone bought into the foreign currency time deposits
From their website -
|
Foreign Currency Time Deposit (% p.a.) - Tier 1 |
| Month(s) | ||||||
| Currency | Minimum | 1 | 2 | 3 | 6 | |
 US Dollar |
10K | 4.7100 | 4.7400 | 4.7500 | 4.7600 | |
 Sterling Pound |
10K | 4.5000 | 4.5800 | 4.6200 | 4.7100 | |
 Australian Dollar |
10K | 5.5800 | 5.6000 | 5.6300 | 5.7600 | |
 New Zealand Dollar |
10K | 6.8000 | 6.8500 | 6.9500 | 7.0500 | |
 Canadian Dollar |
10K | 3.5700 | 3.5600 | 3.5600 | 3.5600 | |
 Swiss Franc |
10K | 1.3000 | 1.3500 | 1.4000 | 1.5000 | |
 Euro |
10K | 2.9400 | 2.9700 | 3.0300 | 3.1400 | |
 Japanese Yen |
2.5M | 0.0700 | 0.1500 | 0.2000 | 0.3000 | |
| Date: 03 January 2007 |
Margin lending in spore costs me 6% for the money borrowed.
Paying u 5% ,i am still in front.
Cheers
AFAIK banks open up do business in Spore hard to close shop. They need put a BIG deposit with some gahmen so in case they close shop that money is used to pay those ppl.
As for your 5% most likely is illegal no pay taxes to gahmen wan correct? I am a law abiding citizens please don't try to tempt me :)
As for your 5% most likely is illegal no pay taxes to gahmen wan correct? I am a law abiding citizens please don't try to tempt me :)
AFAIK banks open up do business in Spore hard to close shop. They need put a BIG deposit with some gahmen so in case they close shop that money is used to pay those ppl.
As for your 5% most likely is illegal no pay taxes to gahmen wan correct? I am a law abiding citizens please don't try to tempt me :)
As for your 5% most likely is illegal no pay taxes to gahmen wan correct? I am a law abiding citizens please don't try to tempt me :)
I come to understand that putting ur money in FD will not mean that ur capital is preserved.
Banks can go belly up.
And MAS will not guarantee 100% return on FD.
There is still risks in FD as not necessary all banks are bullet proof.
Might as well lend me the money i can give u 5% return.Haha
I agree casino offers better returns but I always advovate diversification. So you should not be putting 25K into casino. For ppl looking to preserve capital FD is still a better alternative albeit the returns are low compared to casino :)
why bother with 3.15%??SO SO boring and tiring
Just go to the casino as one told me to do so.
better returns
For FD as of current, Maybank iSavvyFD is offering 3.15% for 25K placement. It is better than FSM and Finatiq I tink.
Not sure I have not look at the other though. I may tonight.
Hi Kilroy,
How does fundsupermart compare with Finatiq?
How does fundsupermart compare with Finatiq?
The current interest is 2.59% irregardless of how much you deposit. The interest rate changes daily and the interest is accured every 3 months. There is no tax for the interest earned. The withdrawal transaction from FSM to my designated saving accts works well for me as it typically less then the T+3 day. Hope this helps.
I parked my share investment $ with fundsupermart.