Fixed deposit rates go up as banks and finance companies jostle for market share
#1

https://www.straitstimes.com/business/ba...rket-share
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#2

No wonder UOB got long queues, waiting as long as 3 hrs to put in FD

8Umbrella Umbrella
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#3

There's no prize of winning this game, because fixed deposit only last 1 year, you can't lock in
To the bank if you move cash to them hoping you stay with them, but competitors also did the same
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#4

(01-09-2022, 10:08 AM)klat Wrote:  No wonder UOB got long queues, waiting as long as 3 hrs to put in FD

Why people dunwan to do it online?
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#5

(03-09-2022, 12:19 PM)Blasterlord2 Wrote:  Why people dunwan to do it online?

App says must go to any branch to open a/c for FD before can transfer funds.
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#6

(01-09-2022, 10:08 AM)klat Wrote:  No wonder UOB got long queues, waiting as long as 3 hrs to put in FD

Other banks no queue and rates are higher
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#7

(03-09-2022, 01:40 PM)Migrant Wrote:  App says must go to any branch to open a/c for FD before can transfer funds.

Before you open an FD with UOB, you have to open a savings account….nowadays you can open an FD with many other banks without savings account, you can even do it online. UOB should allow people do it online to clear the 3 hr queue.
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#8

(03-09-2022, 01:40 PM)Migrant Wrote:  App says must go to any branch to open a/c for FD before can transfer funds.

Not true leh. You can open a FD account online but have to wait 15 days (max). Maybe these people are anxious to open it immediately so they go to the bank.
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#9

(03-09-2022, 01:41 PM)lvlrsSTI Wrote:  Other banks no queue and rates are higher

Which bank higher than 2.6%?
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#10

(03-09-2022, 01:59 PM)Blasterlord2 Wrote:  Which bank higher than 2.6%?

Hong Leong bank, BEA Bank, RHB and others
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#11

(01-09-2022, 10:00 AM)forum456 Wrote:  https://www.straitstimes.com/business/ba...rket-share

Seems many Singaporeans are cash rich. To place any FD with any bank, takes you 3 to 4 hour waiting plus processing. Notice alot of quarreling at any bank.
I think my JHKs also convert their useless banana ringgits into Sing and put in FD here

CHAOS & Cityhantam are 2 sick CCP mother-fcuker bastards, who support Islamic radical Simplemen, aka Imran, who has been belittling Chinese, juz because their mothers like farking Hamas dogs

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#12

You can only do online provided you open a FD account many all practices this.
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#13

Famine is near,with so so much money also useless
People robs food,valuables no one wants

No weapons that forms against me shall prosper
No tongue that rises against me I shall condemn 
☝️
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#14

May bank offer inyerest upfront.
Best.

Enjoy your interest real time.
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