[debono]

Got lah, including all kujin kuraj ones there're about 200, all regulated by mas. But duno they handle small amounts

Are you sure there are 200  kujin kurai banks here.........

[WhatDoYouThink!]

Are you sure there are 200  kujin kurai banks here.........

Just check the profiles of anyone can see what their do. Mostly are along shenton way

[Huliwang]

Are you sure there are 200  kujin kurai banks here.........

You go google how many FULL BANKS in Singapore. There are many financial institutions that have a Bank on their company name, but they dun provide full banking. .....

[Levin]

Just check the profiles of anyone can see what their do. Mostly are along shenton way

I think a lot of them don't take in SGD deposits. Even if they do, the interest rates may not be good.

[WhatDoYouThink!]

I think a lot of them don't take in SGD deposits. Even if they do, the interest rates may not be good.

Duno the details. Can call to check but dun think it's needed for now

[WhatDoYouThink!]

When strike hong pao da jiang toto then maybe can call them up to check

[Oyk]

Are there 40 banks in Singapore that provide fixed deposit facility? That's for just $3 million. If someone wants to FD $6 million where to find 80 banks in Singapore? That's why I said it is not feasible for large amounts. ....

In the first place, if you hacve 3 million, it is not savvy to keep the money in a FD.

If you don't know what to do with the money, where and how to invest, I understand that there is an investment sage in this forum...a certain Topsage so he was being respectfully addressed as.

Go look for him. 

[Huliwang]

In the first place, if you hacve 3 million, it is not savvy to keep the money in a FD.

If you don't know what to do with the money, where and how to invest, I understand that there is an investment sage in this forum...a certain Topsage so he was being respectfully address as.

Go look for him. 

How and where to invest is not the subject of discussion in this thread. We talk about splitting or dun split funds for FD here. .....

[debono]

In the first place, if you hacve 3 million, it is not savvy to keep the money in a FD.

If you don't know what to do with the money, where and how to invest, I understand that there is an investment sage in this forum...a certain Topsage so he was being respectfully addressed as.

Go look for him. 

Who is the topsage..............?

[Oyk]

How and where to invest is not the subject of discussion in this thread. We talk about splitting or dun split funds for FD here. .....

If you want to split, then go and split.  Who is stopping you?  You need to ask your mother?  

[webinarian]

You go google how many FULL BANKS in Singapore. There are many financial institutions that have a Bank on their company name, but they dun provide full banking. .....

Many. Even State Bank of India, CMIB, RHB, HL Finance, Singapura Finance, etc are all enjoying this insurance coverage.  

[Oyk]

Who is the topsage..............?

There was a thread started recently by ah kuah about him..

Tiagong, his prediction is like Midas....whatever he says will come to pass.  If he says sell, you'd better not buy.  If he says buy, and you still hesitate, that's your loss.

[hansamu]

I don't intend to give them my monies already willed to charities. I don't believe in inheritance concept becuz I get none so why should I give to my offspring? They no hand no leg cannot earn a living themselves?

Your children are doing very well , so don't need to will to them?
Then you should consider spending freely.

Buy what you like to eat ...no need to spread 1 bag of fishballs over a few meals. Enjoy yourself!

[Huliwang]

If you want to split, then go and split.  Who is stopping you?  You need to ask your mother?  

Go read TS first post and I am answering to him. There is no need to mother or father here. ...

how does ppl with cash more than $$ million manage their FD ?
or they dun care, just dump into 1-2 banks suah like my father in law did ?

even if say $500K, would need 7 banks to meet the 75K
$1 million would need 14 banks and the amount of account numbers/id/password to manage is siao, do u know anyone really goes to that extreme ?

[Oyk]

Go read TS first post and I am answering to him. There is no need to mother or father here. ...

Talking about $3 million and putting them into FD?

Why not talk about $30 billion?  That's the net worth of the Thai King.  You think he put his wealth in FD?

You really got to ask your mother.

[Huliwang]

Talking about $3 million and putting them into FD?

Why not talk about $30 billion?  That's the net worth of the Thai King.  You think he put his wealth in FD?

Youi really got to ask your mother.

I dunno how the Thai king place his wealth and I dun or have interest to speculate on what he do to his wealth. .....

[Oyk]

I dunno how the Thai king place his wealth and I dun or have interest to speculate on what he do to his wealth. .....

I rest my case. 

[Huliwang]

I rest my case. 

Thank you. ......

[limpeh394]

it doesn't matter how many banks you use, it's 75K in aggregate, not 75K per bank. Go read the fine print, I asked before already.

dun anyhow leh
> $75,000 per bank per person
>
www://www.moneysense.gov.sg/articles/2018/10/understanding-deposit-insurance

[debono]

There was a thread started recently by ah kuah about him..

Tiagong, his prediction is like Midas....whatever he says will come to pass.  If he says sell, you'd better not buy.  If he says buy, and you still hesitate, that's your loss.

So he is the reverse indicator............

[Oyk]

So he is the reverse indicator............

He is the sage Huliwang needs.   

[RiseofAsia]

https://trustbank.sg/savings-account/sdic/

[RiseofAsia]

I already said dont bother about the 75k liao leh…This is not I Ching lah. The rate is the most important.

SCB now is the best. No lock in period 3.8% for 100k.

[RiseofAsia]

[jameslee58@hotmail.com]

Ocbc initially didn't want to compensate initially, they very kiasi more coming forward to claim, the new ceo kpi was on the line, but somehow they decided to refund later, maybe mas stepped in

The incident best described as bank robberies happened, millions were robbed and the robbers get away with money
, does the bank in older days when they were robbed, do they tell is customers responsibility to keep their money safe?

[RiseofAsia]

It is very unlikely 2 banks collapse at the same time. So no need to worry so much about 75k.

[webinarian]

Are you sure there are 200  kujin kurai banks here.........

How many of the 39 insured banks you know or heard of?   

Some we didn't even heard of their names.  

Examples: MUFG Bank, Maribank Singapore, Mizuho Bank, PT Bank Negara Indonesia, GXS Bank, Trust Bank, UCO Bank, Credit Agricole Corporate and Investment Bank, etc.  

How many you know?  

.

[p1acebo]

Should be ok for local banks. Foreign banks limit to 75k only.