Which Banks Offers High Interest Rates For NON-FIXED Deposit

Vonderful SG

Wink Anyone here knows which banks offer higher interest rates, (unlike uob, posb, dbs who offers 0.25% only...)

What's the minimum deposits?

I searched Citibank and Standard Chartered but it doesn't state interest rates for normal bankings in their webbies...

Your help is very much appreciated... Very Happy

mhcampboy SG

citibank has low interest rate!

try HSBC..

Vonderful SG

Thanks MhCampboy...

I've checked HSBC webby, they're offering 0.125%! They only offer higher rates for time deposits...

Yawn... Banks... Anymore suggestions?

qooorange SG

maybank

ah san SG

check out maybank- isavvy account

and std chart- esaver

ah san SG

think for maybank isavvy , 2.28- 2.38% must be deposited for at least six mths to get the higher rate. note the interest are half yearly rated.

std chart need to deposit 50,000 to get the higher rate. IInterest is daily rated.

Both got no min amt to start acct

Maybank gifs atm card
std chart gifs atm card only for deposit amt above 20k

Std chart int rate lower for amt btw 0-50000
but for amount above 50k std chart rate is beta

Both of these accounts are much beta than wat the local banks are offering.
for a start i reccommend the std chart one...

I haf both of these accounts.

wats the catch? Both dun gif bank pass books and statements. transactions over the counter are normally charged. Internet and phone banking encouraged

Strongly recommended for pple who want to save cos they make it difficult for u to take the $$ out.

dragg SG

the interest rates on offer is pathetic.

arent interest rates supposed to be correspondingly high when the economy is good?

ah san SG

Laughing I always wonder abt all the economy reports if economy is really improving why is that the only thing rising is transport fees...why my pay no raise and when r they gonna restate the cpf employer rates

dragg SG

i dont know about your pay rise but you can forget about the cpf rates.

huy SG

try rhb bank and abn amro bank.. that time i read the news advertisments.. they seems to offer higher interest rate.. not too sure also..

pipipopo SG

1~1 percent difference for deposits makes no difference...so dun bother checking even if one offers 5 percent. ask yourself what is the principal amount you want to put into this deposit account first. to make thousands interest per annum you need to have at least $100,000.

Very Happy

gerald_tan SG

There's a good list at http://www.askdrmoney.com/Deposit_accounts_Details1.htm

Highest for non-fixed, non-loan is
FundSupermart 2.67%
money market, no lock-in, $500 min bal and to open

NTUC Income projects 3.00% but not guaranteed
money market, no lock-in, $10K min bal and to open

[Edit: Add url tag]

<Precious> SG

If there's any difference, it'll be at most minimal and negligible for non-fixed deposits. I'd rather go for convenience.......... Wink