fixed deposit interest rate

[onlyyouknow]

Originally Posted by xersion

2.4% for 10 years leh.....
I don't think it's good...
Scb for 11mths already give 1.15% pa...

Ssb I'll only use if I got extra funds and will use it within the next 6 mths..


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I think this one is more for keeping the capital somewhere to earn some interest while waiting for chance to invest. You can sell it off easily and get back your principle. Not bad for something that is almost risk free.

[xersion]

Originally Posted by onlyyouknow

I think this one is more for keeping the capital somewhere to earn some interest while waiting for chance to invest. You can sell it off easily and get back your principle. Not bad for something that is almost risk free.

That's y I say good for spare cash and want to take and use within 6 mths

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[millenium]

Originally Posted by xersion

2.4% for 10 years leh.....
I don't think it's good...
Scb for 11mths already give 1.15% pa...

Ssb I'll only use if I got extra funds and will use it within the next 6 mths..


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Originally Posted by xersion

Ah gong got what is guaranteed....

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2.4% projected is per annum I think.

[xersion]

Originally Posted by millenium

2.4% projected is per annum I think.

Dun see the good figure only...
It's not call step up interest for nothing..
See below..

The interest you earn will step up over time. In the 10th year, you will receive $33 of interest. Based on the interest received from the 1st year to the 10th year, your effective return would be 2.4% per year, which is also the average 10-year SGS yield in June 2015.

Originally Posted by millenium

2.4% projected is per annum I think.

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[millenium]

Originally Posted by xersion

Dun see the good figure only...
It's not call step up interest for nothing..
See below..

The interest you earn will step up over time. In the 10th year, you will receive $33 of interest. Based on the interest received from the 1st year to the 10th year, your effective return would be 2.4% per year, which is also the average 10-year SGS yield in June 2015.



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Yeah. Not compounded like cpf.

[xersion]

Originally Posted by millenium

Yeah. Not compounded like cpf.

Cpf cannot take out

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[millenium]

Originally Posted by xersion

Cpf cannot take out

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Can buy house.

[xersion]

Originally Posted by millenium

Can buy house.

have to pay back interest when u sell...

[millenium]

Originally Posted by xersion

have to pay back interest when u sell...

U r smart.

I just saw a yahoo article saying bond market might be in trouble in 2017. This ah gong bond got capital protected?

[nutx]

Originally Posted by richardg

Citi bank 6 month 1.5%
But service vomit blood

Maybe can try SG savings bond?

just check citi....no promotion rate for FD at the moment.

looks like this year, bank are not attracting deposits.....