βέτά SG If there is any truth in this, the interest would be 792% (p.a.) I think all loansharks would put all their money into this fixed deposit of yours. If you deposit $15,000 for 24 months, you will be a millionaire.
JerryJan SG If there is any truth in this, the interest would be 792% (p.a.) I think all loansharks would put all their money into this fixed deposit of yours. If you deposit $15,000 for 24 months, you will be a millionaire. I wan to be a millionaire
Asromanista2001 SG must be in one of those super volatile emerging currencies.............when stock markets crash again, the losses in value of the currency will be much more than the interest......... anyway, give more details lah........can make a lot if you get timing right and the high interest can be a hedge too...........
JerryJan SG Tis FD come with a Insurance Policy for 15 yrsreturn is 2.5 % annuallysaving plan with principal amount fully protected
likeyou SG Hi Aunti Jan, is it true? Which bank? Can reveal here or pm me?Supposing I put $100,000 for 5 mths, I will get $20,000 profits in 6 mth time?
βέτά SG Lehman Brothers and Merrill Lynch both add up also have 250 years, but both went belly up also.
JerryJan SG Lehman Brothers and Merrill Lynch both add up also have 250 years, but both went belly up also. Lehman Brothers and Merrill Lynch both are not local Bank, for god sake
Mvp30sg SG deposit $5k, 1 mth mature interest $1k, total can get $6k in 1 mthBUTTis FD come with a Insurance Policy for 15 yrsreturn is 2.5 % annuallysaving plan with principal amount fully protectedSo this is the catch...
Asromanista2001 SG unless JerryJan can tell us which bank or company...................i smell a scam................ no sane and legal company or bank can afford or will they pay out 20% a month....................
Asromanista2001 SG if they can pay out 20% a month..................they wouldn't even need your money in the 1st place.............they'll have to make minimum 40-50% a month from your deposit......................
βέτά SG Lehman Brothers and Merrill Lynch both are not local Bank, for god sake Seems like you have more confidence in Singapore's financial system than folks at MAS. FYI, 2.5% return annually for your insurance means you might not even cover inflation. It might come as a surprise to some Singaporeans that, until recently, their deposits in banks and finance companies were not insured. Singaporeans take for granted that their savings will be completely safe as the financial system here is widely seen to be well-regulated and well-managed. Their faith in the system is understandable. But it does not take into account the changing global financial landscape. While our banking system remains sound, things can go wrong in today's complex and globalised environment. International experience has shown that banks can fail and depositors can lose their savings even in reputable and well- supervised jurisdictions. Although Singapore has not had a bank failure, there is no guarantee that a bank failure will never occur.
Fryderyk HPH SG Seems like you have more confidence in Singapore's financial system than folks at MAS. FYI, 2.5% return annually for your insurance means you might not even cover inflation. It might come as a surprise to some Singaporeans that, until recently, their deposits in banks and finance companies were not insured. Singaporeans take for granted that their savings will be completely safe as the financial system here is widely seen to be well-regulated and well-managed. Their faith in the system is understandable. But it does not take into account the changing global financial landscape. While our banking system remains sound, things can go wrong in today's complex and globalised environment. International experience has shown that banks can fail and depositors can lose their savings even in reputable and well- supervised jurisdictions. Although Singapore has not had a bank failure, there is no guarantee that a bank failure will never occur.I'd rather sign up for the 2.xx% bonds that the MAS and SIA are opening to the public...
