BOC interest rate nosedive for nov. What is happening?

Threaded Mode

luncheonmeat

Senior Guru
Reputation: 56

Posts: 2,351 Threads: 490
Likes Received: 713 in 574 posts
Likes Given: 1,388

10-11-2022, 06:51 PM

https://www.bankofchina.com/sg/bocinfo/b...40762.html

Find

Lukongsimi

Supreme Guru
Reputation: 69

Posts: 8,693 Threads: 0
Likes Received: 2,268 in 2,088 posts
Likes Given: 1,706

10-11-2022, 06:54 PM

(10-11-2022, 06:51 PM)luncheonmeat Wrote: https://www.bankofchina.com/sg/bocinfo/b...40762.html

Wow 😯

Do not talk to a fool for he will scorn the wisdom of your words
☝️

Find

RiseofAsia

Supreme Guru
Reputation: 224

Posts: 17,657 Threads: 2,035
Likes Received: 4,703 in 3,987 posts
Likes Given: 717

10-11-2022, 06:56 PM

No leh. I got 3.4% Rotfl

[Image: 53-CD1-BD1-43-B1-4526-903-C-495099-C14-DB7.jpg]

“Be who you are and say what you feel, because those who mind don't matter and those who matter don't mind"

(This post was last modified: 10-11-2022, 06:58 PM by RiseofAsia.)

Find

RiseofAsia

Supreme Guru
Reputation: 224

Posts: 17,657 Threads: 2,035
Likes Received: 4,703 in 3,987 posts
Likes Given: 717

10-11-2022, 07:00 PM

(10-11-2022, 06:51 PM)luncheonmeat Wrote: https://www.bankofchina.com/sg/bocinfo/b...40762.html

You see the wrong one lah. See the promo rate.

“Be who you are and say what you feel, because those who mind don't matter and those who matter don't mind"

Find

RiseofAsia

Supreme Guru
Reputation: 224

Posts: 17,657 Threads: 2,035
Likes Received: 4,703 in 3,987 posts
Likes Given: 717

10-11-2022, 07:01 PM

[Image: 2-EC7-D8-D2-FF78-4-E64-9-BBE-9-B7-B15-B91-C7-D.jpg]

“Be who you are and say what you feel, because those who mind don't matter and those who matter don't mind"

Find

sogo

Guru
Reputation: 16

Posts: 1,379 Threads: 80
Likes Received: 308 in 294 posts
Likes Given: 66

10-11-2022, 07:20 PM

Ya lah. Knn TS is a noob. Promo rate still 3.4%

Find

sogo

Guru
Reputation: 16

Posts: 1,379 Threads: 80
Likes Received: 308 in 294 posts
Likes Given: 66

10-11-2022, 07:21 PM

(10-11-2022, 07:00 PM)RiseofAsia Wrote: You see the wrong one lah. See the promo rate.

TS is a noob in fixed deposits. Heng I am a fixed deposits analyst

Find

Gemstar

Supreme Guru
Reputation: 170

Posts: 4,496 Threads: 8
Likes Received: 1,873 in 1,427 posts
Likes Given: 5,478

10-11-2022, 07:35 PM

(10-11-2022, 07:01 PM)RiseofAsia Wrote:

I concurs this is the correct rates of BOC. But, I not as good as UOB now which offers 3.4% for 12 mths.

Find

RiseofAsia

Supreme Guru
Reputation: 224

Posts: 17,657 Threads: 2,035
Likes Received: 4,703 in 3,987 posts
Likes Given: 717

10-11-2022, 07:37 PM

(10-11-2022, 07:35 PM)Gemstar Wrote: I concurs this is the correct rates of BOC. But, I not as good as UOB now which offers 3.4% for 12 mths.

My wife managed to get 3.7% for 12 mth from UOB but waited 3 hrs in priority queue.

“Be who you are and say what you feel, because those who mind don't matter and those who matter don't mind"

(This post was last modified: 10-11-2022, 07:37 PM by RiseofAsia.)

Find

sogo

Guru
Reputation: 16

Posts: 1,379 Threads: 80
Likes Received: 308 in 294 posts
Likes Given: 66

#10

10-11-2022, 07:39 PM

(10-11-2022, 07:37 PM)RiseofAsia Wrote: My wife managed to get 3.7% for 12 mth from UOB but waited 3 hrs in priority queue.

Actually put now at uob will still go up of not?

(This post was last modified: 10-11-2022, 07:39 PM by sogo.)

Find

RiseofAsia

Supreme Guru
Reputation: 224

Posts: 17,657 Threads: 2,035
Likes Received: 4,703 in 3,987 posts
Likes Given: 717

#11

10-11-2022, 07:39 PM

(10-11-2022, 07:21 PM)sogo Wrote: TS is a noob in fixed deposits. Heng I am a fixed deposits analyst

He got fixed deposit in BOC meh. Big Grin

I have, you dont ask me.

“Be who you are and say what you feel, because those who mind don't matter and those who matter don't mind"

(This post was last modified: 10-11-2022, 07:39 PM by RiseofAsia.)

Find

RiseofAsia

Supreme Guru
Reputation: 224

Posts: 17,657 Threads: 2,035
Likes Received: 4,703 in 3,987 posts
Likes Given: 717

#12

10-11-2022, 07:40 PM

(10-11-2022, 07:39 PM)sogo Wrote: Actually put now at uob will still go up of not?

Of course, when nearer to next Fed rate hike in Dec. Must read up or find out the terms and conditions for early redemption of fixed deposit. I heard now got penalty.

“Be who you are and say what you feel, because those who mind don't matter and those who matter don't mind"

(This post was last modified: 10-11-2022, 07:41 PM by RiseofAsia.)

Find

sogo

Guru
Reputation: 16

Posts: 1,379 Threads: 80
Likes Received: 308 in 294 posts
Likes Given: 66

#13

10-11-2022, 07:40 PM

(10-11-2022, 07:35 PM)Gemstar Wrote: I concurs this is the correct rates of BOC. But, I not as good as UOB now which offers 3.4% for 12 mths.

Boc 12 months 3.45%

Find

sogo

Guru
Reputation: 16

Posts: 1,379 Threads: 80
Likes Received: 308 in 294 posts
Likes Given: 66

#14

10-11-2022, 07:41 PM

(10-11-2022, 07:40 PM)RiseofAsia Wrote: Of course, when nearer to next rate hike in Dec.

So put in batches so get some interest then if up put more again,?

Find

RiseofAsia

Supreme Guru
Reputation: 224

Posts: 17,657 Threads: 2,035
Likes Received: 4,703 in 3,987 posts
Likes Given: 717

#15

10-11-2022, 07:42 PM

(10-11-2022, 07:40 PM)sogo Wrote: Boc 12 months 3.45%

My one is through mobile renewal lah.
Fixed deposit I like to put in batches of 20k.
If you need the money, can withdraw the amount you need it.

“Be who you are and say what you feel, because those who mind don't matter and those who matter don't mind"

(This post was last modified: 10-11-2022, 07:44 PM by RiseofAsia.)

Find

sogo

Guru
Reputation: 16

Posts: 1,379 Threads: 80
Likes Received: 308 in 294 posts
Likes Given: 66

#16

10-11-2022, 07:47 PM

(10-11-2022, 07:42 PM)RiseofAsia Wrote: My one is through mobile renewal lah.
Fixed deposit I like to put in batches of 20k.
If you need the money, can withdraw the amount you need it.

I think 20k good idea

Find

lvlrsSTI

Supreme Guru
Reputation: 556

Posts: 26,590 Threads: 6,604
Likes Received: 4,398 in 4,005 posts
Likes Given: 1,925

#17

10-11-2022, 08:22 PM

(10-11-2022, 07:00 PM)RiseofAsia Wrote: You see the wrong one lah. See the promo rate.

Promo rate seems like now get updated every 2 weeks, next week (14 Nov) will lift rate

[Image: https://i.gifer.com/7ZqO.gif]

(This post was last modified: 10-11-2022, 08:22 PM by lvlrsSTI.)

1 user Likes lvlrsSTI's post

Find

luncheonmeat

Senior Guru
Reputation: 56

Posts: 2,351 Threads: 490
Likes Received: 713 in 574 posts
Likes Given: 1,388

#18

10-11-2022, 08:46 PM

(10-11-2022, 07:00 PM)RiseofAsia Wrote: You see the wrong one lah. See the promo rate.

Just called up to enquire. Everybody pang sim, the Oct promo rates still stands. BOC really hai lang. Lidat why put up the latest Nov rates as 1.7 etc. Ruin their own biznes.

1 user Likes luncheonmeat's post

Find

Gemstar

Supreme Guru
Reputation: 170

Posts: 4,496 Threads: 8
Likes Received: 1,873 in 1,427 posts
Likes Given: 5,478

#19

10-11-2022, 09:06 PM

(10-11-2022, 06:51 PM)luncheonmeat Wrote: https://www.bankofchina.com/sg/bocinfo/b...40762.html

You better don't anyhow spread wrong news before checking hor. Wait you kena POFMA for doing this.

(This post was last modified: 10-11-2022, 09:07 PM by Gemstar.)

Find

sgh

Supreme Guru
Reputation: 67

Posts: 7,553 Threads: 36
Likes Received: 1,925 in 1,804 posts
Likes Given: 551

#20

10-11-2022, 09:28 PM

So far CIMB and ICBC FD best at 12 months. But CIMB minimum placement 10k while ICBC is 500. Why smaller placement good is becuz can put many FD advice and if want to cancel slowly one by one.

Find

Lukongsimi

Supreme Guru
Reputation: 69

Posts: 8,693 Threads: 0
Likes Received: 2,268 in 2,088 posts
Likes Given: 1,706

#21

10-11-2022, 09:30 PM

Wrote in n cancelled one Low fd rate online n replace.
Not boc.

Do not talk to a fool for he will scorn the wisdom of your words
☝️

Find

luncheonmeat

Senior Guru
Reputation: 56

Posts: 2,351 Threads: 490
Likes Received: 713 in 574 posts
Likes Given: 1,388

#22

10-11-2022, 09:38 PM

(10-11-2022, 09:06 PM)Gemstar Wrote: You better don't anyhow spread wrong news before checking hor. Wait you kena POFMA for doing this.

How to POFMA me ?? Dis iz from their own website. Oso ony garbageman can POFMA us. Pte entities is sue , not POFMA.

Find

« Next Oldest | Next Newest »

View a Printable Version

Users browsing this thread: 1 Guest(s)

Login
Username/Email:
Password:	Lost Password?
	Remember me