fixed deposit interest rate

[TYS]

May i know which bank offer higher rate for fixed deposit now?

[stargazer]

I think now HSBC got promo. 1.7% for 13 mths tenure.

Personally, I am waiting to hit 1.8% perhaps during CNY time.

[TYS]

Thks bro. Just visit maybank at jurong point. Rate are must better than local bank and service is good.

[stargazer]

If I not wrong, SG garmen guarantees $50K max if put these $ in banks. I am conservative, will prefer to put in local banks even though rates may be slightly lower. UOB got promo till end sep, rate at 1.6%.

Foreign banks rates will always, I feel, be better than local banks though.

[therat]

https://www.sdic.org.sg/di_faq.php

deposit insurance act

Are foreign banks included under the Deposit Insurance Scheme?
A: All full banks and finance companies in Singapore are required to be members of the Deposit Insurance Scheme. However, wholesale and offshore banks are not required to be members. So a foreign bank which has full-banking license would be included under the Deposit Insurance Scheme.

If you want to know if your financial institution is a DI Scheme member, please refer to the complete list of DI Scheme members.

List of DI Scheme Members
https://www.sdic.org.sg/di_scheme_members.php

===============
As long as they are DI scheme member.
Local or foreigner bank all cap at 50k

50k per name hor.

eg.
Ur name 20k
Ur name + spouse name 20k = $10k each
Ur name + kid name 10k = $5k each

Even total is 50k, yours coverage is 20k +10k+5k = $35k

IF
Ur name 50k
Ur name + spouse name 20k = $10k each
Ur name + kid name 10k = $5k each

Since your name is already 50k max.
The combine name 10k+5k will not be protected.

[jebus]

for myself i using ocbc 360 acct.
put ur salary in and make 3 online transaction can get up to 1.7% no lock in

[derekchia]

How about OCBC endowment plan for 5yrs, 2% annually guarantee plus variables.

[Guppies Onli]

Juz seen the posting by Standchart (I hate most) on FB;
"Up to 1.90% p.a. interest on SGD Time Deposit. T&Cs apply. Insured up to S$50k by SDIC"

[hkh]

Originally Posted by Guppies Onli

Juz seen the posting by Standchart (I hate most) on FB;
"Up to 1.90% p.a. interest on SGD Time Deposit. T&Cs apply. Insured up to S$50k by SDIC"

This oe must read the fine print liao.......must be at least 24 month FD........

[richardg]

Originally Posted by Guppies Onli

Juz seen the posting by Standchart (I hate most) on FB;
"Up to 1.90% p.a. interest on SGD Time Deposit. T&Cs apply. Insured up to S$50k by SDIC"

have very bad experience with stand chart
diverted $ to their own account without informing