(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

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

(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

(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 ?

(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

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

(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!

(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.............

(08-12-2022, 04:37 PM)Napoleon Porlumpar Wrote:  many thanks indeed, bro................good to have you post such lobangs..................you go to all the banks' websites to check huh ?