Local Savings Interest-Rates War Exploded on 1st Sept 2022 among banks - loan interest-rates expected to raise further

[Byebye Penis]

 

[mahjongking]

Then i also fear that WORSE if he may get it right, and then don't study anymore.

very true

 

[Byebye Penis]

singapore's home loan is 4.2-4.5% for fixed and float at this moment
looks like it will cross 5% soon

 

[daryl76]

FD rates dropping though, wont see much higher than 4% anymore

 

[Byebye Penis]

FD rates dropping though, wont see much higher than 4% anymore

OCBC 4.18%pa for 8-mths for richer clients like @glockman

 

[daryl76]

OCBC 4.18%pa for 8-mths for richer clients like @glockman

lol premier banking
at least 200k fund lor

he orang atas???

 

[Byebye Penis]

lol premier banking
at least 200k fund lor

he orang atas???

different league, SOS is owe bank money for his home loan.

If you are not those richer bank clients, you get lower interests for Fixed Deposits, the poor eats expensive rice, it's like that.

 

[daryl76]

different league, SOS is owe bank money for his home loan.

If you are now richer bank clients, you get lower interests for Fixed Deposits, the poor eats expensive rice, it's like that.

i thinking of shifting some to short FD to take advantage of the high interest.... but seems like it's dropping instead

 

[Byebye Penis]

i thinking of shifting some to short FD to take advantage of the high interest.... but seems like it's dropping instead

For short-term:
- If your quantum is below $75000, you can consider the risky malaysian banks which SDIC guarantees for up to $75000 (max exposure per person per bank, accounts combined)
- if your quantum is larger, I project 6-mths T-bills to hit 4%pa again. You can consider that.

 

[daryl76]

For short-term:
- If your quantum is below $75000, you can consider the risky malaysian banks which SDIC guarantees for up to $75000 (max exposure per person per bank, accounts combined)
- if your quantum is larger, I project 6-mths T-bills to hit 4%pa again. You can consider that.

my friend gai siao SBI, say their rates not bad also actually

even ICBC also

tbills drop quite abit since, and not bao tio leh

 

[Byebye Penis]

my friend gai siao SBI, say their rates not bad also actually

even ICBC also

SBI is Indian
ICBC is China

15-20 years ago, SOS worked for a local Indian boss, so he had fixed deposits with BOI and ICICI
- When boss deposited notes with the BOI (very common those days) for fixed deposit promotion, the foreign-neh auntie clerk in BOI Singapore branch stole his notes and claimed that my boss didn't bring the amount that he claimed. SOS learned that you cannot give Indian banks cash.
- When boss tried to withdraw his payout with ICICI bank when his fixed deposit matured, ICICI manager told him to come back a few days later.

BOI is not gay, it is bank of india
ICICI is not ask you to die, it is Industrial Credit and Investment Corporation of India.

Banking is about Trust, both incidents taught SOS that cannot trust Indian banks in Singapore.
As for China banks, they are as risky as Malaysian banks, so I still recommend that your friend keep to within the $75000 threshold, per person's combined account in the bank.

 

[Byebye Penis]

tbills drop quite abit since, and not bao tio leh

T Bills almost full allocation this year because the yield is below 4%pa.
I think will go above 4%pa again very soon.

 

[daryl76]

SBI is Indian
ICBC is China

15-20 years ago, SOS worked for a local Indian boss, so he had fixed deposits with BOI and ICICI
- When boss deposited notes with the BOI (very common those days) for fixed deposit promotion, the foreign-neh auntie clerk in BOI Singapore branch stole his notes and claimed that my boss didn't bring the amount that he claimed. SOS learned that you cannot give Indian banks cash.
- When boss tried to withdraw his payout with ICICI bank when his fixed deposit matured, ICICI manager told him to come back a few days later.

BOI is not gay, it is bank of india
ICICI is not ask you to die, it is Industrial Credit and Investment Corporation of India.

Banking is about Trust, both incidents taught SOS that cannot trust Indian banks in Singapore.
As for China banks, they are as risky as Malaysian banks, so I still recommend that your friend keep to within the $75000 threshold, per person's combined account in the bank.

lol even for banks, there's high risk high returns???? local banks lower interest but surely its more secure it seems

maybe bring to hong leong lah, lol theres one near my place

 

[daryl76]

T Bills almost full allocation this year because the yield is below 4%pa.
I think will go above 4%pa again very soon.

if go above 4% again can try again
my wife's buddy everyday update my wife, ask her to beo and chiong

 

[Byebye Penis]

if go above 4% again can try again
my wife's buddy everyday update my wife, ask her to beo and chiong

your wife's buddy chio?

 

[Byebye Penis]

lol even for banks, there's high risk high returns???? local banks lower interest but surely its more secure it seems

maybe bring to hong leong lah, lol theres one near my place

hong leong need to queue, cannot do online
T-bills don't need if your DBS/OCBC/UOB linked to CDP

 

[daryl76]

your wife's buddy chio?

single but nope, hahahahahah

hong leong need to queue, cannot do online
T-bills don't need if your DBS/OCBC/UOB linked to CDP

tbills bo bao tio mah.... lol
hong leong just below my house

 

[Byebye Penis]

single but nope, hahahahahah

no wonder u never let her advise u

 

[Byebye Penis]

Sovereign bond yields spiked