The latest Singapore Savings Bond (“SBSep17“) is offering 2.12% effective interest rate over a ten years period. Many people have been lamenting about the low interest rates and I also think the Singapore Savings Bond …
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Category: Fixed Deposits
Fixed deposit is a type of savings account that promises the investor a fixed rate of interest. The investor agrees not to withdraw or access their funds for a fixed period of time. The interest is paid at the end of the investment period or maturity.
Chinese New Year 2017 Fixed Deposit Promotion
Banks usually offer higher promotional interest rates during Chinese New Year. Standard Chartered Bank seems to be the first mover that launch its Chinese New Year 2017 Time Fixed Deposit promotion. CIMB did not offer …
Continue readingPOSB Offers you 1.38 percent per annum interest but only 4 months
When I alighted at the MRT station to work, I notice there is a long queue and most of them are elderly aunties and uncles. Overhearing the conversation, I realise they are queuing up for …
Continue readingCIMB Bank 6 Months Fixed Deposit Promotion May 2016
CIMB Bank is having a fixed SGD deposit promotion in the month of May. The promotion is only valid from 1st May 2016 to 31st May 2016. Enjoy 1.60% interest rate for only a 6 …
Continue readingChinese New Year 2016 Fixed Deposit Promotions
Chinese New Year 2016 is approaching soon. Every year this time, banks will offer promotional fixed deposit rates. Last year, I placed my money with POSB for 12 months at a promotional interest rate of …
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