Fixed Deposits   

SGD Cash Deposit

Even Aviva 'Big e' that promised 3.5% (1% above 2.5% CPF ordinary rates) can no longer hold the rate and has sent out mails to all account holders on closure by month end.

 

My advice is do not place FD for 12 mths. 3 mths     is the best as when you need the cash you can do a premature withdrawal, with less pain. I hv done few premature withdrawal as then I observed that investment in stock have a better return as share market then was booming.

Currently, both share market and FD are less attractive leow, but I still belief investing in stock is much viable. BTW, for FD in Maybank and you are senior citizen(55 yrs or above) you will receive another 0.25% int rate, not other bank or finance coy will offer. Not that bad when yrs ago the int rate was 3%.

 

hahaha...get the money to make love money....and produce baby money

 

Aiyoh... like that how to make money?

Share market cannot make it, now FD interest rate also kanna cut.  

 

The FD interest rate has dropped and will drop further next month.

 

Maybank's FDs are pretty good too.

 

One of the higher interest rates available:

http://www.ntucthrift.com.sg/business/product/rates.asp

 

just put some $ with OCBC, 2.4% for 12 months FD.

 

Spiked in interest rate.

Maybank SGD FD -> 100K equal or greater for 1 month is 2.2500%

 

one more thing- there is weekly FD. So when market is better, you can withdraw immediately.

 

Personally, I like RHB FD, Rate is competitive. you can withdraw anytime, no penalty for pre-matured withdrawal and there is no charges for Cashier Order.

Something I dont like is there is no internet banking.

 

Haha... markets now bad so interest in bonds/FD/savings go up.

 

1.98% cannot beat RHB & Fundsupermart for now. Need to take note of the bank charges and restrictions which I think makes is unattractive.

iSAVvy Time Deposit

Minimum Deposit S$25,000 Maximum Deposit S$5 million

Branch Counter Transactions

Deposit

Not applicable, as placements must be performed via Maybank2u.com.sg (Online Banking) and top-up to principal amount is disallowed.

Withdrawal

- By Cash S$15 - By Transferring to Own Maybank Account Free - By Transferring to Third Party Maybank Account S$10 - By Cashier's Order Issued to Account Holder S$10 - By Cashier's Order Issued to Non-Account Holder S$15

Balance Enquiry S$5/receipt

Request For Statement Of Account S$30/account

Change Of Maturity Instruction S$5/receipt

 

More about NTUC Thrift in one of the paragraph:

http://www.ntuc.org.sg/members/core_benefits.asp

 

look at Maybank's iSaVvy time deposit rates.. Look attractive compared to most banks.. also, if you apply for internet access, you can also renew upon maturity.. I have placed & renewed since beginning of this year..

 

http://www.rhb.com.sg/_tryrates/DEPOSIT1.0.pdf FD by RHB for today is higher.

 

I have that account but the cash fund interest rate has been steadily going downwards and currently its 1.968%. The account is good for below 50K.  StanChart 2.00% recommended by floppy is good for 50K up.

 

fundsupermart has a cash acct which gives you intrabank rates ... will be higher than bank rates & there's no lock in period ( can withdraw anytime ) & no min. sum r'qd

 

But the info are duff gen!

 

I thought some SJ member might not know of this service under Finance, where you can find Fixed Deposit information easily.

Here is the annoucement from Admin for your reference and use.

admin Supreme

ShareJunction   /   FREE New Service - Finance Tools   /   Posted: 22-Apr-2007 13:52

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Dear Friends, ShareJunction is proud to bring you a brand new FREE service! You are now able to search, browse and find Fixed Deposits and Savings deals that meet your personal finance needs! This service can be found under the new Finance section here. This service is brought to you by our new partner - Qotion.com About Qotion Qotion.com is Singapore's Credit Card directory. Users can save money by comparing financial products such as credit cards, savings accounts and fixed deposits at Qotion.com.  The portal serves to provide useful card information from balance transfer rates, annual fees and interest rates to card privileges and benefits at merchant stores in Singapore. Qotion.com is also dedicated to consumer education on credit cards in the form of online articles, news and informed choices of credit cards. Admin