Home → $Money$ →

Local Banks revise interest rates wef Oct'11

55 posts

Please Login or Signup to reply.

« Previous 1 2 3 Next »

Queen of sgForums

FireIce

驚世駭俗醜不啦嘰 moderatress

235,282 posts since Dec '99
- 22 Sep `11, 12:33PM
  
  Revision of Interest Rates for S$ Deposit Accounts
  
  With effect from 14 October 2011, the interest rates for DBS and POSB deposit accounts will be revised.
  
  click here to see the new (pathetic) interest rates
Planet Hitman

115 posts since Sep '11
- 22 Sep `11, 12:54PM
  
  With an ANZ Term Deposit you know what your return will be and you choose how long your money is invested. With a minimum investment of $5,000¹ you can choose an investment term from one month to five years. It’s up to you in Australia.
  
  Interest rates
  
  Benefits
  
  How it works
  
  How to Apply
  
  Current interest rate specials
  Popular TermsInterest at Maturity 3 months^* 5.50% p.a. 4 months^* 5.00% p.a. 5 months* 5.60% p.a. 12 months^* 5.60% p.a. 24 - 35 months^* 5.80% p.a. 36 months^* 5.80% p.a. 37 - 59 months^* 5.80% p.a. 60 months^* 5.80% p.a.
  The above rates are available for amounts from $5,000 to $99,999¹. View current ANZ Term Deposit interest rates for the full suite of investment terms.
  
  For the interest rates available for amounts $100,000 or more, please call 1800 008 177 between 8am and 8pm Monday to Friday or visit your nearest ANZ Branch.
  
  Like to know the return you will receive? Our Term Deposit calculator can help you calculate the expected return on your choice of investment term.
  
  Seniors (age 60 years and over) Bonus interest rates are available on selected terms³.
Rock^Star

11,138 posts since Jul '05
- 22 Sep `11, 1:01PM
  
  I think singaporeans are being short changed. In Indonesia, the normal savings interest rates are 10-20 times that amount. Fixed deposits can go up to 5-7% p.a.
fudgester

25,269 posts since Jan '04
- 22 Sep `11, 1:22PM
  
  WTF 0.25% maximum for POSB MySavings?!?!?!?
Planet Hitman

115 posts since Sep '11
- 22 Sep `11, 1:44PM
  Foreign Currencies - Foreign Currency Fixed Deposits
  Please select currency type:
  - New Zealand Dollar 
  - Swiss Franc
  - Japanese Yen
  - Chinese Renminbi(Offshore) 
  - 
  - Hong Kong Dollar
  - Euro
   Foreign Currency FD - US Dollar Minimum Amount 5'000SGD EQUIVALENT Value Date 22/09/2011 Effective Date 22/09/2011 9:32am Amt(USD) 1 day 1 week 1 mth 2 mths 3 mths 6 mths 12 mths < 10'000 0.0000 0.0000 0.0000 0.0000 0.0300 0.1200 0.1850 < 25'000 0.0000 0.0000 0.0000 0.0000 0.0300 0.1200 0.1850 < 50'000 0.0000 0.0000 0.0000 0.0000 0.0300 0.1200 0.2450 < 100'000 0.0000 0.0000 0.0800 0.0800 0.1800 0.3200 0.4850 < 250'000 0.0000 0.0000 0.0800 0.0800 0.1800 0.3200 0.5450 <= 500'000 0.0000 0.0000 0.0800 0.0800 0.1800 0.3200 0.6050 Back to the top
  
   Foreign Currency FD - Sterling Pound Minimum Amount 5 '000SGD EQUIVALENT Value Date 22/09/2011 Effective Date 22/09/2011 9:32am Amt(GBP) 1 day 1 week 1 mth 2 mths 3 mths 6 mths 12 mths < 25'000 0.0000 0.0000 0.0000 0.0000 0.0000 0.2650 0.7550 < 50'000 0.0000 0.0000 0.0000 0.0000 0.0950 0.2650 0.7550 < 100'000 0.0000 0.0000 0.0000 0.0000 0.1950 0.5050 0.8350 < 250'000 0.0000 0.0000 0.0950 0.1850 0.4150 0.7150 1.1150 <= 500'000 0.0000 0.0000 0.1550 0.2450 0.4650 0.7450 1.2350 Back to the top
  
   Foreign Currency FD - Australian Dollar Minimum Amount 5 '000SGD EQUIVALENT Value Date 23/09/2011 Effective Date 22/09/2011 9:32am Amt(AUD) 1 day 1 week 1 mth 2 mths 3 mths 6 mths 12 mths < 25'000 0.0000 0.0000 3.9750 3.9750 3.9750 4.0050 0.0000 < 50'000 0.0000 0.0000 3.9950 3.9950 3.9950 4.0250 0.0000 < 100'000 0.0000 0.0000 4.0850 4.0850 4.0750 4.1050 0.0000 < 250'000 0.0000 3.5900 4.3550 4.3550 4.3550 4.3850 0.0000 <= 500'000 0.0000 3.8000 4.4450 4.4450 4.4450 4.4750 0.0000 Back to the top
Loor

931 posts since Jun '11
- 22 Sep `11, 2:39PM
  
  For those with enough:
  
  0.1% for $1m savings.....yes - what an attractive investement option....
single_alone

469 posts since Nov '10
- 22 Sep `11, 2:45PM
  
  Originally posted by Planet Hitman:
  
  With an ANZ Term Deposit you know what your return will be and you choose how long your money is invested. With a minimum investment of $5,000¹ you can choose an investment term from one month to five years. It’s up to you in Australia.
  
  Interest rates
  
  Benefits
  
  How it works
  
  How to Apply
  
  Current interest rate specials
  Popular TermsInterest at Maturity 3 months^* 5.50% p.a. 4 months^* 5.00% p.a. 5 months* 5.60% p.a. 12 months^* 5.60% p.a. 24 - 35 months^* 5.80% p.a. 36 months^* 5.80% p.a. 37 - 59 months^* 5.80% p.a. 60 months^* 5.80% p.a.
  The above rates are available for amounts from $5,000 to $99,999¹. View current ANZ Term Deposit interest rates for the full suite of investment terms.
  
  For the interest rates available for amounts $100,000 or more, please call 1800 008 177 between 8am and 8pm Monday to Friday or visit your nearest ANZ Branch.
  
  Like to know the return you will receive? Our Term Deposit calculator can help you calculate the expected return on your choice of investment term.
  
  Seniors (age 60 years and over) Bonus interest rates are available on selected terms³.
  
  erm what is term deposit huh?
  
  The interest seems high.
  
  Is it investment in which if it goes wrong, you stand to lose money?
likeyou

9,394 posts since Sep '06
- 22 Sep `11, 3:36PM
  
  really very low interest for saving account.
  
  people do need saving account to pay off bills etc...
  
  i would rather park my money in fd in foreign bank than local bank.
  
  Short changed? You bet.
Darkness_hacker99

38,113 posts since Jun '05
- 22 Sep `11, 5:10PM
  
  It reminds me of the module Principles of Banking and Finance, the topic on Financial System, indirect finance.
  
  Actually we are all investors, but our returns are just 0.01%. The bank jiak our money liao. They at least jiak 6%+ net profit
Llg2178

198 posts since Aug '11
- 22 Sep `11, 8:12PM
  
  The interest rate for deposit accounts is going down.
  
  I hope they can do likewise for the interest rate of housing loan, study loan etc.
GHoST_18

24,104 posts since Jun '03
- 22 Sep `11, 8:47PM
  
  wtf
single_alone

469 posts since Nov '10
- 22 Sep `11, 11:21PM
  
  Originally posted by Llg2178:
  
  The interest rate for deposit accounts is going down.
  
  I hope they can do likewise for the interest rate of housing loan, study loan etc.
  
  You wait long long
Queen of sgForums

FireIce

驚世駭俗醜不啦嘰 moderatress

235,282 posts since Dec '99
- 23 Sep `11, 1:24AM
  
  i think other local banks will be adjusting too
Meia Gisborn

9,952 posts since Feb '05
- 23 Sep `11, 2:45AM
  
  The new rates are about on par with what banks here in the US are offering with their savings accounts. Yes, it's more than pathetic...
likeyou

9,394 posts since Sep '06
- 23 Sep `11, 12:46PM
  
  Encourage pple not to save and spend to boost up the economy?
Queen of sgForums

FireIce

驚世駭俗醜不啦嘰 moderatress

235,282 posts since Dec '99
- 23 Sep `11, 12:48PM
  
  soon the int rate will be on par with how much your biscuit tin or shoe box offer
likeyou

9,394 posts since Sep '06
- 23 Sep `11, 12:50PM
  
  It will reduce to 0.01%.
  
  Or there is be no saving interest rate when you place saving account. 0% interest rate.
Loor

931 posts since Jun '11
- 23 Sep `11, 12:56PM
  
  For too long, banks have used our money to lend out back to us at a much higher rate and pocketing the margin.
  
  Maybe should organise a mass revolt on a sensible scale like Curry-day, where everyone just decides to withdraw all their savings and keep under mattress. It'll be interesting to see what the banks would do then.
  
  Just need to beef up security on that day though.....
likeyou

9,394 posts since Sep '06
- 23 Sep `11, 1:00PM
  
  Good idea.
  
  People put money on saving account with near zero interest rate, they use the money to promote cash line that have high interest, housing loans, car loans....they really use our money to slap our face.
Queen of sgForums

FireIce

驚世駭俗醜不啦嘰 moderatress

235,282 posts since Dec '99
- 23 Sep `11, 8:31PM
  
  i dont have much money in local bank accts
  
  but then still must have for certain transactions like pay bills, shopping........
  
  my 棺材本 are in banks elsewhere
  
  no, i do not have a swiss acct like u see on tv
Planet Hitman

115 posts since Sep '11
- 23 Sep `11, 8:40PM
  
  another world recession???
  
  then interesrt rate will be reduced an need to wait 2 years to go up again!
BanguIzai

6,929 posts since Mar '10
- 24 Sep `11, 9:57PM
  
  countries with weaker currencies have higher % rates, is it a norm ?
Queen of sgForums

FireIce

驚世駭俗醜不啦嘰 moderatress

235,282 posts since Dec '99
- 26 Sep `11, 2:22PM
  
  OCBC also announces adjustments
  wef 1 Oct
  
  https://www.ocbc.com/personal-banking/downloads/banking/Internet_InterestRateRevision_100924.pdf
- 26 Sep `11, 2:27PM
  
  UOB too!
  wef 12 Oct
  
  http://www.uob.com.sg/assets/pdfs/deposit-account-revised.pdf
  
  it means u are screwed left right up down inside out no matter which bank.
  
  everyone, get ready your biscuit tins!
  
  Edited by FireIce 26 Sep `11, 2:27PM
βέτά

2,462 posts since Jan '10
- 26 Sep `11, 4:12PM
  
  Pathetic!!!
  
  Not even 1/10 of 1%!!!
  
  Singapore is going down the same path as Japan, national recession with high savings.