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+--- Thread: Credit Suisse dangles 6.5% deposit rate to lure Asia’s wealthy (/Thread-Credit-Suisse-dangles-6-5-deposit-rate-to-lure-Asia%E2%80%99s-wealthy)
Credit Suisse dangles 6.5% deposit rate to lure Asia’s wealthy - klat - 05-03-2023
CREDIT Suisse is offering higher deposit rates than its rivals to attract new funds from wealthy clients in Asia, sources said, as the embattled private bank seeks to stem outflows and stop its bankers from leaving.
The bank is offering a 6.5 per cent annual rate on new three-month deposits of US$5 million or above, said three sources who declined to be named as they were not authorised to speak to the media. The deposit rate was first reported by Bloomberg on Thursday (Mar 2).
Credit Suisse is also offering a rate of as high as 7 per cent for one-year deposits, the sources told Reuters.
https://www.businesstimes.com.sg/companies-markets/credit-suisse-dangles-65-deposit-rate-lure-asias-wealthy
RE: Credit Suisse dangles 6.5% deposit rate to lure Asia’s wealthy - wendychan - 05-03-2023
can live off the interest...
RE: Credit Suisse dangles 6.5% deposit rate to lure Asia’s wealthy - debono - 05-03-2023
(05-03-2023, 11:55 AM)wendychan Wrote: can live off the interest...
Yes, If the principal amount is big...............................
RE: Credit Suisse dangles 6.5% deposit rate to lure Asia’s wealthy - limpeh394 - 05-03-2023
>US$5 million or above
beyond most sinkies
if $500K and above, they can easily hit their KPI within weeks in SG
RE: Credit Suisse dangles 6.5% deposit rate to lure Asia’s wealthy - webinarian - 05-03-2023
If put so much in one account and if the bank goes bankrupt, everything gone.
Put in S$ and get about 4.1% safer with CDIC insurance. If in couple's names in 10 accounts including those foreign banks such as Malaysian banks and Indian banks and China banks can safely spread out about 1.5 million $.
Good idea?
.