which bank is the best higher interest rate.

• xking98

  2 Apr 09, 06:48

  Hi guy/lady, i would like to put 2k to 1 of singapore bank but I don't know which bank to choose. Can you guy tell me which bank is the best?

• eagle

  2 Apr 09, 08:22

  interest rate doesn't matter

  even if you put in fixed D, it only gives you 0.5% (roughly) p.a., which is about $10

• ditzy

  2 Apr 09, 08:38

  2K won't get you sh|t in interest rates. Nowadays even 50K won't give u a rat's ass. Soon to come, banks will be asking you to pay them to keep money with them instead.

• dragg

  2 Apr 09, 08:52

  buy a penny share with your 2k.

  in time it will prove much more lucrative than bank interest.

   

• eagle

  2 Apr 09, 09:42

  Can just simply buy trusts or REITs

  I planning to invest 3k into this trust which should give nearly 14% returns p.a.

   

• FireIce

  2 Apr 09, 11:42

  all crappy rates lah
  
  oni 2k nia...... not even enuf to 塞牙� leh

• dragg

  2 Apr 09, 12:05

  is the TS a 10-yr-old kid?

   

• ditzy

  2 Apr 09, 12:08

  Originally posted by dragg:

  is the TS a 10-yr-old kid?

   

  10 YOs are not allowed to open bank accounts without their parent's consent.

• JerryYan

  2 Apr 09, 12:57

  invest mine in ntuc income, they giving 2 % interest

  also cover under insurance     

• chrisbenoit

  2 Apr 09, 13:20

  All the rates are like shit now lah, unless you put in overseas banks. Even then, I think the economic crisis will affect the rates also, so just keep your money in your wallet.

   

  I just went to bangkok and spent about 1k there for 2/3 days only. So 2k is not a lot of money, unless you scrimp and save.

• eagle

  2 Apr 09, 13:41

  maybe TS is born in 1998

  So this year 11 years old?

• charlize

  2 Apr 09, 13:58

  Originally posted by dragg:

  buy a penny share with your 2k.

  in time it will prove much more lucrative than bank interest.

   

  Company go into liquidation then how?

• Plastic Bag

  2 Apr 09, 21:54

  2k put in any bank also the same LOL

• xking98

  2 Apr 09, 23:22

  Hi, I am born in 1987 so i am 22 this year. Anyway.. I feel like invest GEN INT (Share) but i don't think with 2k can earn

   

   

   

   

• tinuviel07

  2 Apr 09, 23:30

  as the ones above put it, fds are like shit now.. i have clients with millions not being traded and they get like 1k from fd a mth which is like totally off...

• Rednano

  2 Apr 09, 23:39

  Originally posted by xking98:

  Hi, I am born in 1987 so i am 22 this year. Anyway.. I feel like invest GEN INT (Share) but i don't think with 2k can earn

   

  
  1) put any bank, the rate r all the same for saving accounts...
  
  2) park in a listed company, n earn their dividends...

• eagle

  3 Apr 09, 00:47

  Originally posted by xking98:

  Hi, I am born in 1987 so i am 22 this year. Anyway.. I feel like invest GEN INT (Share) but i don't think with 2k can earn

   

   

   

   

  now too late for that

  I'm waiting for the right price for CitySpring though. This is for 10 years horizon, so if you are going for short term, don't bother

• motoway

  3 Apr 09, 01:01

  Originally posted by eagle:

  Can just simply buy trusts or REITs

  I planning to invest 3k into this trust which should give nearly 14% returns p.a.

   

  
  14% P.A sounds too good to be true. Dont take everything at face value of prospectus from trust funds.

  Gent Int - u just missed the good time to buy it.

• eagle

  3 Apr 09, 01:05

  Originally posted by motoway:

  
  14% P.A sounds too good to be true. Dont take everything at face value of prospectus from trust funds.

  Gent Int - u just missed the good time to buy it.

  yup

  everyone hv to do their own research before committing any cash. I'm not going to recommend anything. ;)

• motoway

  3 Apr 09, 01:08

  Originally posted by tinuviel07:

  as the ones above put it, fds are like shit now.. i have clients with millions not being traded and they get like 1k from fd a mth which is like totally off...

  
  U in wealth management?

• xking98

  3 Apr 09, 01:18

  1) 14% P.A sounds too good to be true. Dont take everything at face value of prospectus from trust funds.

  Gent Int - u just missed the good time to buy it.

   

  yes.. now 0.54... 2 week ago is 0.44. =(

   

  2) now too late for that

  I'm waiting for the right price for CitySpring though. This is for 10 years horizon, so if you are going for short term, don't bother

   

  I am invest for long term.

   

  3)  park in a listed company, n earn their dividends...

   

  can tell me which company to invest? (SMRT?) and around how much.

• motoway

  3 Apr 09, 01:20

  eh, check on ur teletext, everything is there.

  Blue chip stocks pay dividends. Banks DBS OCBC and the likes.

• parn

  3 Apr 09, 01:44

  Originally posted by xking98:

  Hi guy/lady, i would like to put 2k to 1 of singapore bank but I don't know which bank to choose. Can you guy tell me which bank is the best?

  
  Try POSB bank. It's quite safe.

  But I'm not sure what you meant by the best, I know they don't hire the handsome and the beautiful.

• SexyChin

  3 Apr 09, 01:52

  try the ocbc-ntuc savings. 

  the highest non fixed deposit savings ( i think) in singapore, 0.5%. 

• xking98

  3 Apr 09, 02:21

  1)Try POSB bank. It's quite safe.

  But I'm not sure what you meant by the best, I know they don't hire the handsome and the beautiful.

  I don't have so much money =(

  2)try the ocbc-ntuc savings. 

  the highest non fixed deposit savings ( i think) in singapore, 0.5%. 

  I have open acc with ocbc-ntuc savings but I love to spend =(