Fixed Deposit Lobang Thread
#1

In lieu of recent Spore T-bill low allocation, create this fixed deposit lobang thread. Welcome all to share.

Tenor period, interest rate, minimum placement, can DIY online are criteria for me.

The one I am looking at currently are
1. ICBC minimum $500 3-6 month
2. BOC minimum $5,000 3-6 month
3. CIMB minimum $10,000 3-6 month
4. RHB minimum $20,000 3-6 month
5. Sing Investment minimum $20,000 3 month
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#2

(12-11-2022, 11:45 AM)sgh Wrote:  In lieu of recent Spore T-bill low allocation, create this fixed deposit lobang thread. Welcome all to share.

Tenor period, interest rate, minimum placement, can DIY online are criteria for me.

The one I am looking at currently are
1. ICBC minimum $500 3-6 month
2. BOC minimum $5000 3-6 month
3. CIMB minimum $10,000 3-6 month
4. RHB minimum $20,000 3-6 month


so how much the interests ?
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#3

(12-11-2022, 06:06 PM)Napoleon Porlumpar Wrote:  so how much the interests ?

ICBC
https://www.icbc.com.cn/ICBC/%E6%B5%B7%E...edDeposit/

BOC
https://www.bankofchina.com/sg/bocinfo/b...00926.html

CIMB
https://www.cimb.com.sg/en/personal/help...rates.html

RHB (think latest rates can only see inside their mobile app)
https://rhbgroup.com.sg/rhb/personal/fix...twEALw_wcB

Sing Investment
https://www.sif.com.sg/fixed-deposit-fd-online/
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#4

Hi thanks to another reader from the other thread I will share here a good lobang from POSB,DBS. Just apply it using the mobile app in order to work. The internet browser login will not work for the promo code. SR4M 3 month 3.5% , SR7M 5 month 3.8% minimum placement $20,000

https://www.foodiesg.com/archives/52459
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#5

(12-11-2022, 11:12 PM)sgh Wrote:  Hi thanks to another reader from the other thread I will share here a good lobang from POSB,DBS. Just apply it using the mobile app in order to work. The internet browser login will not work for the promo code. SR4M 3 month 3.5% , SR7M 5 month 3.8% minimum placement $20,000

https://www.foodiesg.com/archives/52459


then after 5 months ..........re-apply again ?.............got fee to pay ?

what app ah ?..............can enlighten me ?
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#6

(13-11-2022, 09:51 AM)Napoleon Porlumpar Wrote:  then after 5 months ..........re-apply again ?.............got fee to pay ?

what app ah ?..............can enlighten me ?

After 5 months see again got new lobang or not. I refer to the DBS or POSB mobile banking app. Dunno why I use internet Chrome browser login and try the promo code not recognised
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#7

(13-11-2022, 12:34 PM)sgh Wrote:  After 5 months see again got new lobang or not. I refer to the DBS or POSB mobile banking app. Dunno why I use internet Chrome browser login and try the promo code not recognised

i used the bank app, both codes are not valid
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#8

(13-11-2022, 04:08 PM)drgn Wrote:  i used the bank app, both codes are not valid

I guess the hole is patched already? Good lobang don't last long. Maybe next time then.
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#9

After some research decide to apply for ICBC fixed deposit account which come with current account and is multi-currency. No monthly fall below fee no minimum monthly balance but have dormant fee if no txn for one year. Except for this con think all is fine.

I like the minimum placement of $500. What this mean is you can create multiple placement each $500. Advantage is along the way if better rates appear you can terminate via the mobile app easily slowly one by one and since each placement is $500 you don't lose much even if penalty is levied.

Due to constant change of FD rate nowadays a lot of ppl put and terminate FD and for some banks terminate is tedious got penalty need go to branch etc so this is a point to take note. What is highest interest now can go higher within a month sometimes!
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#10

HSBC
https://www.hsbc.com.sg/accounts/products/time-deposit/
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#11

(13-11-2022, 04:53 PM)sgh Wrote:  After some research decide to apply for ICBC fixed deposit account which come with current account and is multi-currency. No monthly fall below fee no minimum monthly balance but have dormant fee if no txn for one year. Except for this con think all is fine.

I like the minimum placement of $500. What this mean is you can create multiple placement each $500. Advantage is along the way if better rates appear you can terminate via the mobile app easily slowly one by one and since each placement is $500 you don't lose much even if penalty is levied.

Due to constant change of FD rate nowadays a lot of ppl put and terminate FD and for some banks terminate is tedious got penalty need go to branch etc so this is a point to take note. What is highest interest now can go higher within a month sometimes!

you mean the minimum amount to open an account if just 500 bucks ?..........

how exactly do you open a FD account with a different bank ? ..................i only have POSB account leh.............
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#12

(25-11-2022, 01:05 PM)Napoleon Porlumpar Wrote:  you mean the minimum amount to open an account if just 500 bucks ?..........

how exactly do you open a FD account with a different bank ? ..................i only have POSB account leh.............

ICBC current account no minimum balance and is multicurrency. You put monies into this account and then use this account as source to put into fixed deposit account. FD for ICBC minimum 500.

Think this work same way as other banks but was told some no need any savings or current account can direct put monies into fixed deposit account. Then mature already monies go where since no savings or current account?
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#13

If not BOC lowest minimum balance of 1500 needed for SmartSaver I think for current 3-6 month FD it is best deal this week. For users already have BOC SmartSaver can use this account to place the new FD. Premature withdrawal of FD no penalty like ICBC just each FD minimum is 5000 compared to ICBC 500

https://www.bankofchina.com/sg/bocinfo/b...29128.html
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