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Local Banks revise interest rates wef Oct'11

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  • Queen of sgForums
    驚世駭俗醜不啦嘰 moderatress
    FireIce's Avatar
    245,606 posts since Dec '99
    • 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's Avatar
    115 posts since Sep '11
    • ANZ Term Deposits. Relax while your money works for you.

      Apply now

      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.

      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's Avatar
    11,142 posts since Jul '05
    • 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's Avatar
    25,382 posts since Jan '04
  • Planet Hitman's Avatar
    115 posts since Sep '11
  • Loor's Avatar
    931 posts since Jun '11
    • For those with enough:

      0.1% for $1m savings.....yes - what an attractive investement option....

  • single_alone's Avatar
    469 posts since Nov '10
    • Originally posted by Planet Hitman:

      ANZ Term Deposits. Relax while your money works for you.

      Apply now

      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.

      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's Avatar
    9,394 posts since Sep '06
    • 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's Avatar
    38,115 posts since Jun '05
    • icon_lol.gif 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's Avatar
    335 posts since Aug '11
    • 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's Avatar
    24,163 posts since Jun '03
  • single_alone's Avatar
    469 posts since Nov '10
    • 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
    驚世駭俗醜不啦嘰 moderatress
    FireIce's Avatar
    245,606 posts since Dec '99
  • Meia Gisborn's Avatar
    9,973 posts since Feb '05
    • 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's Avatar
    9,394 posts since Sep '06
  • Queen of sgForums
    驚世駭俗醜不啦嘰 moderatress
    FireIce's Avatar
    245,606 posts since Dec '99
  • likeyou's Avatar
    9,394 posts since Sep '06
    • It will reduce to 0.01%.

      Or there is be no saving interest rate when you place saving account. 0% interest rate.

       

  • Loor's Avatar
    931 posts since Jun '11
    • 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's Avatar
    9,394 posts since Sep '06
    • 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
    驚世駭俗醜不啦嘰 moderatress
    FireIce's Avatar
    245,606 posts since Dec '99
    • 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's Avatar
    115 posts since Sep '11
    • another world recession???

      then interesrt rate will be reduced an need to wait 2 years to go up again!

       

  • BanguIzai's Avatar
    7,552 posts since Mar '10
  • Queen of sgForums
    驚世駭俗醜不啦嘰 moderatress
    FireIce's Avatar
    245,606 posts since Dec '99
  • βέτά's Avatar
    2,467 posts since Jan '10
    •  

      Pathetic!!! icon_lol.gif

       

      Not even 1/10 of 1%!!! icon_lol.gif

       

      Singapore is going down the same path as Japan, national recession with high savings. icon_lol.gif

       

       

       

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