16-05-2023, 06:41 PM
“Be who you are and say what you feel, because those who mind don't matter and those who matter don't mind"
![](https://i.imgur.com/CLvY2jA.png")
Dont laugh! Maybank increases deposit savings rates to compete for deposits
“Be who you are and say what you feel, because those who mind don't matter and those who matter don't mind"
16-05-2023, 06:42 PM
Banks dont raise rate are fool. 
No fool will place on lower fixed deposit after Fed increase rate to 5.25% already. It will keep increasing. No way it can stop.
Our Sg rate is lagging behind by 1.7%
No fool will place on lower fixed deposit after Fed increase rate to 5.25% already. It will keep increasing. No way it can stop.
Our Sg rate is lagging behind by 1.7%
“Be who you are and say what you feel, because those who mind don't matter and those who matter don't mind"
![[+]](https://sgtalk.net/images/bootbb/collapse_collapsed.png)
16-05-2023, 06:43 PM
Don't like those that must buy products then get higher interest kind.
16-05-2023, 06:46 PM
Inflation monster you think so easy to subdue.
Must be a joke.
Must be a joke.
“Be who you are and say what you feel, because those who mind don't matter and those who matter don't mind"
16-05-2023, 06:50 PM
US bond is in trouble. Song Boh!
6% is coming…
![[Image: IMG-7632.png]](https://i.ibb.co/0y6pDrw/IMG-7632.png)
6% is coming…
“Be who you are and say what you feel, because those who mind don't matter and those who matter don't mind"
16-05-2023, 06:53 PM
US is currently facing 3 troubles.
US currency dedollarisation
US banks collapse
US bonds no buyers.
US currency dedollarisation
US banks collapse
US bonds no buyers.
“Be who you are and say what you feel, because those who mind don't matter and those who matter don't mind"
16-05-2023, 06:54 PM
Song song gao julong
Wherever you go, no matter what the weather, always bring your own sunshine
16-05-2023, 06:59 PM
Maybank "deposit bundle promotion" 3.9% 12months.
Term deposit not so high.
T Bill is still better.
Term deposit not so high.
T Bill is still better.
16-05-2023, 07:12 PM
this kind must buy their insurance wan.
17-05-2023, 07:39 AM
Need to stop Money outflow.
Money goes to place with higher interest rates.
Money goes to place with higher interest rates.
17-05-2023, 08:06 AM
(17-05-2023, 07:39 AM)watchfirst9 Wrote: Need to stop Money outflow.
Money goes to place with higher interest rates.
True, among the risk averse group which only dares to park their savings in a MAS protected (up to $75K) FD.
However, there are other groups of peepur who have different risk profiles:
1. they gamble in stocks and shares. Many here.
2. they gamble in futures. Very high risk
3. they borrow at say 5% to do business to earn say 15%, They call it gearing or leverage in the books
4. they borrow to go to the casino. Also many peepur doing that.
Broadly, money flows to where the returns are (deemed to be) highest. Interest, even FD interest, are not the highest but for the risk averse, this is what they would only consider..
17-05-2023, 08:13 AM
(16-05-2023, 06:43 PM)sgh Wrote: Don't like those that must buy products then get higher interest kind.
Not only banks doing this kind of nonsense. All these were started by the yoomers and the zoomers continue it.
1. FP discount cards
2. Ties-up with VISA or master and only a specific bank
3. Yuu "membeship"
4. Shoppe and Lazada simi ranjiao free points, free shopping, free yadda yadda
Some smart yoomer with a business administration degree with a marketing major started this "bundling" nonsense which he was taught by some professors, and the rest followed. Shopping for the best deal requires navigating a complex web of discounts and offers, It's not so simpur as picking the item you like and bargaining with the seller directly...like in the early 1970s and before.
17-05-2023, 08:20 AM
Don't why now the banks are so hungry for money.
17-05-2023, 09:47 AM
(17-05-2023, 08:20 AM)theold Wrote: Don't why now the banks are so hungry for money.
They put up too many cheap loans earlier,
Once rate hike spike, they will incur losses. If the losses widen, the bank will collapse.
This is one of the reasons why banks need to raise rate to attract depositors.
Now the scary part is first republican bank is a prudent bank, yet it still collapsed. This is not good sign at all.
“Be who you are and say what you feel, because those who mind don't matter and those who matter don't mind"
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