Bank Interest
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now which bank offers the best interest?
or gt any gd plans?
*wan to grow my $* haha -
StandChart E-Saver at 1.88%...Originally posted by SBKM:now which bank offers the best interest?
or gt any gd plans?
*wan to grow my $* haha -
dun bother abt the savings....
got for fixed D at least
or if u haf money, play funds -
esaver drop to 1.5% wef 1may...Originally posted by dork3d:StandChart E-Saver at 1.88%... -
wat funds?Originally posted by FireIce:dun bother abt the savings....
got for fixed D at least
or if u haf money, play funds -
Mine...Originally posted by SBKM:now which bank offers the best interest?
or gt any gd plans?
*wan to grow my $* haha
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how to play funds? sgfundmart?
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shouldn't say "play", tt is for gamblers.. must say "invest" in funds..Originally posted by FireIce:dun bother abt the savings....
got for fixed D at least
or if u haf money, play funds
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I recently signed up for OCBC's Monthly Saving Account. Interest at 1.3% for below $1,200. Above, the interest rate will be 2%.
I wanted to do investments, but most important is make sure it is capital protected. -
This week ar, 4times already at JE MRT station they asked me to sign up for the dunno what time liao.
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hmmm gt any info abt ur mthly saving scheme on ocbc site? i search liao..cant find..mayb can tell me more?Originally posted by TXian:I recently signed up for OCBC's Monthly Saving Account. Interest at 1.3% for below $1,200. Above, the interest rate will be 2%.
I wanted to do investments, but most important is make sure it is capital protected.
thx -
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If interest high, then capital confirm not protected.Originally posted by TXian:I recently signed up for OCBC's Monthly Saving Account. Interest at 1.3% for below $1,200. Above, the interest rate will be 2%.
I wanted to do investments, but most important is make sure it is capital protected.
If interest low, then capital protected.
Singapore's inflation average 3%pa. SO if whatever investment/FD/SD is doing below 3%pa, then you are still losing.
Personally I wun do SD. Most SD in the local bank I know lost.
However you can still make above 11% pa consistently with limited risk which is what financial institutions are doing, by of course the interest they make is much higher. We can do too.
PM me if interested. -
fundsupermart, dollardex, through poems, ke, many many ways.Originally posted by y33bas:how to play funds? sgfundmart? -
x2Originally posted by airgrinder:If interest high, then capital confirm not protected.
If interest low, then capital protected.
Singapore's inflation average 3%pa. SO if whatever investment/FD/SD is doing below 3%pa, then you are still losing.
Personally I wun do SD. Most SD in the local bank I know lost.
However you can still make above 11% pa consistently with limited risk which is what financial institutions are doing, by of course the interest they make is much higher. We can do too.
PM me if interested.
SD are lousy investment tools... -
but dun go through banksOriginally posted by airgrinder:fundsupermart, dollardex, through poems, ke, many many ways.
the sales charge are high -
It's called Monthly Saving Account. It's a 24 months plan. Based on monthly contributions. I want something very short term cuz I just entered the work force and many things are very unpredictable. This is much better than a fixed deposit. Currently with OCBC, 12 months fixed deposite is at 0.8%.Originally posted by SBKM:hmmm gt any info abt ur mthly saving scheme on ocbc site? i search liao..cant find..mayb can tell me more?
thx
However, money cannot be withdrawn during this two years and the full interest would not be guaranteed if you terminate before the end of the plan.
The personal financial advisor also got intro to me something called the Monthly Saving Account Enhanced. This is longer term, capital protected. I can't reli remember the interest rate but it is higher than the normal Monthly Saving Account. I think it is around 3.3% if I'm not wrong. -
wun it be better if you open a e$aver account with stdchart? 1.5%pa, you can put in more every month if u have spare, you can withdraw anytime like u said ur work could be unpredictable.Originally posted by TXian:It's called Monthly Saving Account. It's a 24 months plan. Based on monthly contributions. I want something very short term cuz I just entered the work force and many things are very unpredictable. This is much better than a fixed deposit. Currently with OCBC, 12 months fixed deposite is at 0.8%.
However, money cannot be withdrawn during this two years and the full interest would not be guaranteed if you terminate before the end of the plan.
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I believe maybank also have something like e$aver last time...but can;t recall liao. -
Maybank's one is called ISavvy accountOriginally posted by airgrinder:wun it be better if you open a e$aver account with stdchart? 1.5%pa, you can put in more every month if u have spare, you can withdraw anytime like u said ur work could be unpredictable.
I believe maybank also have something like e$aver last time...but can;t recall liao.
interest will be at 2.08% for maintaining min $5k inside acc
if balance in acc is less than 5k, then interest will just be 0.25%
http://info.maybank2u.com.sg/personal/deposits/isavvy.htm -
for savings, it's Standard Chartered e$avers.
for FD, should be MayBank. -
Try buying treasury bill.
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the return is very low now compared to last timeOriginally posted by ceciltan:Try buying treasury bill.
if i remember correctly, the most recent one was less than 2% liao
