SG Talk

dont make sense ?
T-bills 6 mths 4+%

Childhood time heard of many bank runs in Malaysia

My ex-colleague from a neighbouring country told me that the government will take away the money if the sum is large and then send you a letter to say "Thank-you! The country need your money for development " He said he always travelled to Hong Kong or Singapore to deposit his money.

(05-11-2022, 02:30 PM)Gemstar Wrote: [ -> ]Hv you heard of Lehman Bros. collapse and Citibank almost goes bankrupt? You wil be panic if hv so much deposits, bonds or T-bills with these banks. That goes the same for those foreign banks in spore.

Deposit small amount of 10k-20k for short term of 12 m or 18 m should be fine.

(05-11-2022, 03:07 PM)lvlrsSTI Wrote: [ -> ]Deposit small amount of 10k-20k for short term of 12 m or 18 m should be fine.

Yes. It very safe, not exceeding 75k shd be safe. No need to worry every nite. Many people got phobia when they heard US banks gone bankrupt. Even AIG too. And there are so many retail depositors in Citibank at that time.

(05-11-2022, 03:20 PM)Gemstar Wrote: [ -> ]Yes. It very safe, not exceeding 75k shd be safe. No need to worry every nite. Many people got phobia when they heard US banks gone bankrupt. Even AIG too. And there are so many retail depositors in Citibank at that time.

Last time Italians didn’t trust the bank, so they put money under the pillow or beds, therefore they can sleep well at night.

(05-11-2022, 11:50 AM)lvlrsSTI Wrote: [ -> ]Fund transfer online has daily limit of 5k

Where got? I transferred 60k into uob in one transaction

(05-11-2022, 02:05 PM)dynamite Wrote: [ -> ]They forgot if bank fails, they get back 75000 dollars

Banks in us also gurantee 200k for deposits Liao. Why sinkapore so xia suay?

(05-11-2022, 01:41 PM)sgh Wrote: [ -> ]Except for HSBC and Citibank all I have. I included RHB and Sing Investment recently

I also got many banks

(05-11-2022, 03:42 PM)sogo Wrote: [ -> ]

I also got many banks

Thanks for sharing why no default POSB or DBS? Their ATM the most number in Spore. Forget their lousy rates but whack their ATM. Why I need ATM is becuz dotter allowance want cash and red colour notes. 50 too big the canteen stall hawker see their face not happy

Forget to mention I added Trust also get the 1kg free rice and read readers overseas use Trust card pay really no txn fees except for the currency conversion which is quite good I read? Good for ppl overseas need pay using cc or debit card

(05-11-2022, 03:48 PM)sgh Wrote: [ -> ]Thanks for sharing why no default POSB or DBS? Their ATM the most number in Spore. Forget their lousy rates but whack their ATM. Why I need ATM is becuz dotter allowance want cash and red colour notes. 50 too big the canteen stall hawker see their face not happy

Forget to mention I added Trust also get the 1kg free rice and read readers overseas use Trust card pay really no txn fees except for the currency conversion which is quite good I read? Good for ppl overseas need pay using cc or debit card

My posb acct opened in 1980. Followed me until after ns and since 2006. I close everything and moved all the money to uob. 2006 that time I fed up with the frequent queues at posb ATM.

(05-11-2022, 04:00 PM)sogo Wrote: [ -> ]My posb acct opened in 1980. Followed me until after ns and since 2006. I close everything and moved all the money to uob. 2006 that time I fed up with the frequent queues at posb ATM.

So open both? One POSB one either OCBC or UOB so you can access both bank ATM and not worry of queue?

(05-11-2022, 04:04 PM)sgh Wrote: [ -> ]So open both? One POSB one either OCBC or UOB so you can access both bank ATM and not worry of queue?

Actually 2006 I started using Citi then realized that totally no queue. Once I reached ATM machine I will be the only person using it. Lol

(05-11-2022, 04:12 PM)sogo Wrote: [ -> ]Actually 2006 I started using Citi then realized that totally no queue. Once I reached ATM machine I will be the only person using it. Lol

Ok you live a place that got Citi ATM congrats. Me area only POSB and OCBC which UOB can use their ATM

(05-11-2022, 04:12 PM)sogo Wrote: [ -> ]Actually 2006 I started using Citi then realized that totally no queue. Once I reached ATM machine I will be the only person using it. Lol

For Citibank new customers can open FD online, when I visited its branch to open an FD account, the staff asked me do it online….in the end I didn’t do…was worried 😟

(05-11-2022, 04:15 PM)lvlrsSTI Wrote: [ -> ]For Citibank new customers can open FD online, when I visited its branch to open an FD account, the staff asked me do it online….in the end I didn’t do…was worried 😟

Citi fd cannot one. Need Citigold which needs 250k

(05-11-2022, 04:13 PM)sgh Wrote: [ -> ]Ok you live a place that got Citi ATM congrats. Me area only POSB and OCBC which UOB can use their ATM

Actually most mrt stations got Citi atm

(05-11-2022, 01:45 PM)RiseofAsia Wrote: [ -> ]Do homework first before deciding which one to place.
For me, fixed deposit will choose and place at shorter period with reasonable rate as rate hike will be keep going up vigorously till next year Mar 23.

Assuming you are couple with spouse, sdic can insure you fund to 150k.

You put FD in 10 different banks. You are safely guaranteed for $1.5 million of your fund.

.

(05-11-2022, 04:13 PM)sgh Wrote: [ -> ]Ok you live a place that got Citi ATM congrats. Me area only POSB and OCBC which UOB can use their ATM

Now lagi worse. DBS claims to be beri profitable but the CECA boss has carried out a whole slew of major cost cutting measures to their services especially old hundred surnames POSB. Some constituencies like Yishun and Serangoon have no physical  banks anymore and even their atms have been closed down. Heard the ones at Nexx were taken out. POSB is is being robbed to make DBS look good. New depositors oso not issued passbooks.

(05-11-2022, 06:43 PM)luncheonmeat Wrote: [ -> ]Now lagi worse. DBS claims to be beri profitable but the CECA boss has carried out a whole slew of major cost cutting measures to their services especially old hundred surnames POSB. Some constituencies like Yishun and Serangoon have no physical  banks anymore and even their atms have been closed down. Heard the ones at Nexx were taken out. POSB is is being robbed to make DBS look good. New depositors oso not issued passbooks.

That is also why i have both POSB and UOB savings account to increase my chances to use ATM when needed. OCBC and UOB share each other ATM so having one with either of them will do.

As for your post I guess they are moving on to digital age? Old ppl are left behind in your perspective?

(05-11-2022, 11:47 AM)lvlrsSTI Wrote: [ -> ]

Absolutely no "good time to visit ".

(05-11-2022, 11:50 AM)lvlrsSTI Wrote: [ -> ]Fund transfer online has daily limit of 5k

UOB is for small timers only ?
Why limit to 5k?
More likely the account holder ownself limit to 5k.

(05-11-2022, 02:07 PM)dynamite Wrote: [ -> ]Very hard to spread to $75000 a bank

Got too many millions,  and not enough banks to spread $75000 each

(05-11-2022, 06:16 PM)webinarian Wrote: [ -> ]Assuming you are couple with spouse, sdic can insure you fund to 150k.

You put FD in 10 different banks. You are safely guaranteed for $1.5 million of your fund.

.

Yes. But take note SDIC guarantee will reduce when economy is bad.
Dont put more than 75k per bank for individual bank account(s)

(05-11-2022, 08:19 PM)Ahnya Wrote: [ -> ]Got too many millions,  and not enough banks to spread $75000 each

You can buy branded Jewelries if have millions…Safest investment. Cartier and VCA. Very safe…

Easy to maintain, dont take up space.

https://www.cartier.sg/?gclid=Cj0KCQjwk5...C_EALw_wcB&gclsrc=aw.ds

Buy branded Jewelry, need to do homework.

i guess 4 coming soon