Which bank has the highest interest rates now

alancia SG

As mentioned above.

And what is the interest rate that the bank is offering

JerryJan SG

I got FD for a yr at 12.8 %

but gotto buy an Insurance policy of same annual amount

alancia SG

I got FD for a yr at 12.8 %

but gotto buy an Insurance policy of same annual amount

which bank is that?

nightzip SG

12.8%???!!

Woah! Huat ah...!

Investment bank? or Structured products?

nightzip SG

Even our beloved Bernie gives out only a stable 10% every year.

alancia SG

Even our beloved Bernie gives out only a stable 10% every year.

what is Bernie?

nightzip SG

Bernard Madoff loh...

eagle SG

12.8%???!!

Woah! Huat ah...!

Investment bank? or Structured products?

Those are only if you buy unit trusts or insurance through their agents.

Then you get to put in their fixed D... One-off event.

And if u buy say 30k UT, I think u can only put 30k into fixed D

EarlNeo SG

those so call "low" risk structure product?? mini bond?

nightzip SG

Ohh....ic, thought are those "hell" notes 5 or 6 or something.

JerryJan SG

which bank is that?

Standard Chartered

i invest $10k in insurance & $10k in FD

maxtor SG

Standard Chartered

i invest $10k in insurance & $10k in FD

Are u sure it's for a year? not 1st month only?

Plus u must be a very rich person.

Your 10k a year is what we call a regular premium, means u pay 10k a year for god knows how many years ....

maxtor SG

btw highest interest rates for bank now is CIMB with their Starsaver account with 1.2%. heard rumours that State Bank of India may be offering a 1.5% p.a. soon. (or have they already?)

JerryJan SG

Are u sure it's for a year? not 1st month only?

Plus u must be a very rich person.

Your 10k a year is what we call a regular premium, means u pay 10k a year for god knows how many years ....

premium not $10k a yr cos 2nd yr can get 50% payback

so i just gotto pay $5k/yr & get back principal with interest end of period

keeptouch SG

btw highest interest rates for bank now is CIMB with their Starsaver account with 1.2%. heard rumours that State Bank of India may be offering a 1.5% p.a. soon. (or have they already?)

State bank of india is offering the highest interest rates now?

4sg SG

I was told that if u put yr money in other currency to earn higher interest, the greater risk u is to watch out for currency fluctuation, ie exchange rate loss.

105090 SG

buy stocks such as reits... that time suntec-reit was about 55cents, dividend is about $115 per year. works out to 20% p.a. with a chance of price gain

lianamaster SG

Haiz,

Now everybody is talking about the CMI rates that our lovely banks are giving.

bladez87 SG

can try cimb or something which is offering around 1.2% . and rhb which is offering .7-.8.

Golder SG

I invested in Gold and got 1.5% return per month, that is 9% for 6 months. Rec'd half ot the return already.... hee hee