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  1. #1
    Cozy Rookie Array
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    Default Which bank got the highest fix deposit rate now?

    I want to make a fix deposit.
    Don't know which bank got the highest fix deposit rate now.
    Any one knows? Thanks

  2. #2
    Cozy Rookie Array
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    Default

    I believe foreign banks will offer higher rates than local banks, to entice your biz..

  3. #3
    Cozy MegaStar Array deebz's Avatar
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    Default

    i want to know too.

    prefer a local bank that gives a really good interest to a deposit of a 6 figure sum.

  4. #4
    Cozy Rookie Array
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    Default

    Local ocbc, maybank etc. But now the govt got guarantee What's there to scare?

  5. #5
    Cozy SuperStar Array diva79's Avatar
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    Default

    its easy to check out their figures online. deebz, its best not to put all your eggs in one basket. best to spread them out.

  6. #6
    Cozy Rookie Array
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    Default

    currently still maybank..but rates still pathetic compared to previous times...

  7. #7
    Cozy SuperStar Array pinkdewy's Avatar
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    Default

    For bigger amount like 10k onwards, I recommend to put with insurance co. (Prudential, AIA) as the rates offered is much more than banks.
    Minimum term is 5 yrs.

  8. #8
    Cozy Celeb Array
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    Default

    Dear all,
    here's a basic comparison of what the banks are offering:

    OCBC/POSB savings account - 0.125% p.a
    Fairprice plus savings - 0.3% p.a
    Maybank i-savvy - 0.5% p.a
    Standard Chartered e$aver account - 0.3% p.a
    Citibank step-up account - 0.75% p.a
    (condition: please see http://www.citibank.com.sg/SGGCB/APP...up_newcust.htm for details)

    CIMB Star Saver account - offers initial deposit of 5.5k earns 1.2% interest p.a as their promo to attract customer base (note: its a malaysian bank new in Singapore and the cons very few branches, internet banking will only be set up in September 2009, more info: http://www.cimbbank.com.sg/index.php...&ac=588&tpt=sg)

    According to MAS, all deposits are guarantee until 2010. Afterwhich, it will revert back to guarantee for the first 20k. This applies to all banks - local and foreign. Therefore, in my opinion, placing cash in foreign bank is almost the same as local ones unlike the days where foreign banks are seem as risky.

    For more than $50, 000 recommended to place in fixed deposit to earn more interest as the rate of interest they offer is different for all savings and fixed/structured deposits for over 50k.

  9. #9
    Cozy MegaStar Array girlgirl17's Avatar
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    Default

    it depends on the term and amount you're looking at. there're some blogs that provide consolidated info, just google them.

    i also agree that insurance companies gives higher interest. NTUC had a 1.8% 2 years term, but apparently everyone rushed to sign up they had to close early.

    banks also collaborate with insurance companies, afaik:

    DBS - AXA
    UOB - NTUC
    OCBC - Great Eastern
    Stan Chart - Prudential

  10. #10
    Cozy Rookie Array jaey's Avatar
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    Default

    hi girlgirl17,

    am really not an expert on these, care to share more information on the collaboration part? really appreciate it!

  11. #11
    Cozy MegaStar Array scarlet135's Avatar
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    Default

    Fixed deposit normally must put how long?

  12. #12
    Cozy MegaStar Array girlgirl17's Avatar
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    hi jaey, err i'm not too sure but from what i know, it's like you go uob buy ntuc insurance. so uob is like a platform only? while ntuc is the one which's really selling the product. maybe you cna check with the banks, cos i've never thought of it before haha.

    scarlet, usually 1 year and above. but may have shorter ones in months especially for foreign currencies

  13. #13
    Cozy Star Array citrella's Avatar
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    Default

    Check out NTUC thrift too - http://www.ntucthrift.com.sg/

    It's 0.575% for two years.

  14. #14
    Cozy Star Array Andre-'s Avatar
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    Default

    Citibank Fixed Deposit Rates for 1 Year
    ( 1 / 3 / 6 mths rate available upon req )

    Tier 1 - SGD$10k-SGD$49k - 0.500%
    Tier 2 - SGD$50k-SGD$199k - 0.525%
    Tier 3 - SGD$200k and above - 0.550%

    Accurate as of last edit
    Last edited by Andre-; 19-08-2009 at 11:04 AM.

  15. #15
    Cozy Rookie Array
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    Attractive Current Account rates at 1.2% p.a.

    Hey girls...

    If you're interested, you can PM me to find out more.


    This current account allows you to save regularly at a pace that suits you.

    It offers one of the most attractive interest rates in town – as high as fixed deposit accounts – but with all the flexibility of a checking and savings account that you are used to.

    And unlike conventional fixed deposits, there’s no fixed saving period so you have full access to your savings at all times.

    >> Minimum deposit S$5,000

    Month-end incremental deposit Interest rate
    S$500 or more 1.2%** p.a.
    Less than S$500 0.5% p.a.



    >> No restriction on withdrawals
    >> Free cheque books


    Other bank savings accounts are about : 0.125 – 0.4 % p.a.


    xoxo
    Bel

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