Is this good news?

[theblackhole]

Local and foreign banks are stepping up their strategies for luring retail deposits in the face of new regulations that demand they hold a higher level of ready capital.

The Basel III rules, as they are known, take effect next year and deem that deposits are a preferred source of funding. They are seen as more stable compared to unsecured wholesale funding, which may be cut at short notice in a liquidity crunch.

The response has been a flurry of bank offers, particularly from foreign institutions, to entice people to deposit their cash. ICICI Bank, for example, is offering a fixed deposit interest rate of up to 1.65 per cent for 36 months with a minimum deposit of $100,000.

At ANZ bank, a one-year term deposit of more than $150,000 yields up to 1.6 per cent per annum. Analysts believe that foreign banks are looking to pare down their dependence on counter-party borrowing, irrespective of the Basel III requirements.

 

[theblackhole]

Do you think it's okay to place $100,000 for 36 months? Is it safe?

 

[kopiuncle]

if i have $100,000 cash, i go makan and main with Erection liao Maybe ask GD for lobangs...:p

 

[Darth Vader]

Do you think it's okay to place $100,000 for 36 months? Is it safe?

It is okay to place $100,000 for 36 months into my bank account. I will pay u interest.

No more *Hoah* out of stock

 

[captainxerox]

The response has been a flurry of bank offers, particularly from foreign institutions, to entice people to deposit their cash. ICICI Bank, for example, is offering a fixed deposit interest rate of up to 1.65 per cent for 36 months with a minimum deposit of $100,000.

At ANZ bank, a one-year term deposit of more than $150,000 yields up to 1.6 per cent per annum. Analysts believe that foreign banks are looking to pare down their dependence on counter-party borrowing, irrespective of the Basel III requirements.

wah, 3 years lock down, min 100k and only 1.65? better than nothing but really not that attractive

 

[erection2015]

hahaha if you have $100,000 cash i sure go with you bang :p

if i have $100,000 cash, i go makan and main with Erection liao Maybe ask GD for lobangs...:p

 

[erection2015]

dun put in boss' account can liao...he will close shop and run.

It is okay to place $100,000 for 36 months into my bank account. I will pay u interest.

No more *Hoah* out of stock

 

[captainxerox]

It is okay to place $100,000 for 36 months into my bank account. I will pay u interest.

No more *Hoah* out of stock

lol good offer!

 

[Darth Vader]

dun put in boss' account can liao...he will close shop and run.

I have said that in the beginning.. do not donate with expectations and be ready to have the freebies to be taken away...

 

[kopiuncle]

hahaha if you have $100,000 cash i sure go with you bang :p

akan datang bang, another few more years....and hopefully we go makan angin and lagi makan you know what lah....

 

[greedy and cunning]

Do you think it's okay to place $100,000 for 36 months? Is it safe?

since you asked.

not do :
buy bonds ,
have more than 10K in saving account - the interest is a ripped off.

do :
buy gold or shares of banks when price is low , that means not now.
put your 100K in a foreign fixed deposit of 3 to 6 months. let it renew automatically.

don't place $100,000 for 36 months , it is madnessssssss.

 

[Equalisation]

Do you think it's okay to place $100,000 for 36 months? Is it safe?

Datok,

I think this is crazy.

For me, 90% of my spare cash is invested into blue chip stocks and reap their dividends yearly. The yearly interest is around 4.8% on the average for the past 10 to 15 years. On the whole, the total value of the portfolio has increased by 35%.

The other 10% into horsebetting and its maintainance.

 

[cheekenpie]

please dont waste your time with time deposit lasting more than a mth

 

[halsey02]

Do you think it's okay to place $100,000 for 36 months? Is it safe?

With GOLD deposit company NO!, with the banks, yes!, but Interests you receive is not much these days & three years, not worth the trouble, cash in hand is better!..but nothing ventured, nothing gained..it is your money!...after all we are charitable people, we give generously, to a 'charity' called C.P.F.!!

 

[theblackhole]

since you asked.

not do :
buy bonds ,
have more than 10K in saving account - the interest is a ripped off.

do :
buy gold or shares of banks when price is low , that means not now.
put your 100K in a foreign fixed deposit of 3 to 6 months. let it renew automatically.

don't place $100,000 for 36 months , it is madnessssssss.

Thanks Bro. Will consider the options.

 

[theblackhole]

With GOLD deposit company NO!, with the banks, yes!, but Interests you receive is not much these days & three years, not worth the trouble, cash in hand is better!..but nothing ventured, nothing gained..it is your money!...after all we are charitable people, we give generously, to a 'charity' called C.P.F.!!

Thanks Bro. Cash in hand very tempting to go to the casino...Died few times already. Now fingers chopped off!

 

[theblackhole]

please dont waste your time with time deposit lasting more than a mth

Thank you Sir.

 

[theblackhole]

Datok,

I think this is crazy.

For me, 90% of my spare cash is invested into blue chip stocks and reap their dividends yearly. The yearly interest is around 4.8% on the average for the past 10 to 15 years. On the whole, the total value of the portfolio has increased by 35%.

The other 10% into horsebetting and its maintainance.

Thanks Bro. Will try to get some into blue chips soon...

 

[TracyTan866]

good news for some...bad news for others

 

[po2wq]

good news for some...bad news for others

goot news 4 sum who? ... bad 4 who others? ...