SG Talk

Any latest lobang? most banks dropping rates liao.

(17-02-2023, 03:17 PM)luncheonmeat Wrote: [ -> ]Any latest lobang? most banks dropping rates liao.

You got see wrongly or not.

Rate will only go up until pops…

https://blog.seedly.sg/best-fixed-deposi...singapore/

Don't worry, inflation 6.4% is worse than expected. 

Fed Powell will start raising interest rate again. 

 

.

Till now, no QT on sight. 
Inflation monster is difficult to catch.

Raising rate slowly doesnt really help much. Need drastic rate hike then can bring down inflation or QT cut in.

I just put 3.9% at Maybank

(17-02-2023, 05:35 PM)dynamite Wrote: [ -> ]I just put 3.9% at Maybank

How many thousands.....................?

(17-02-2023, 05:35 PM)dynamite Wrote: [ -> ]I just put 3.9% at Maybank

Minimum 20k and they pay interest the next business day better than same 3.9% in RHB

(17-02-2023, 07:21 PM)sgh Wrote: [ -> ]Minimum 20k and they pay interest the next business day better than same 3.9% in RHB

No. Interest only paid at the end of the tenure.

(17-02-2023, 07:58 PM)dynamite Wrote: [ -> ]No. Interest only paid at the end of the tenure.

Yes, paid upfront if you opt for the Shariah account. 
It's exactly the same as their normal FD.

Interest will be credited next day.

(17-02-2023, 03:17 PM)luncheonmeat Wrote: [ -> ]Any latest lobang? most banks dropping rates liao.

Cimb and bOc. I overheard from their relationship managers talking yesterday.

(18-02-2023, 09:26 AM)dynamite Wrote: [ -> ]Cimb and bOc. I overheard from their relationship managers talking yesterday.

Why CIMB and BOC is dropping rates.....................?