Fixed Deposit
Posted: Mon, 23 Sep 2019 11:04 am
Does anyone knows which bank offers the highest fixed deposits interest rate for 12 month term?
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Fixed Deposit
https://www.singaporeexpats.com/forum/viewtopic.php?t=132311
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Re: Fixed Deposit
Posted: Mon, 23 Sep 2019 12:58 pm
Maybank is usually around the top. You might be better off buying bank stocks at present (> 4% dividend paid quarterly with DBS at a price of $25).
Re: Fixed Deposit
Posted: Mon, 23 Sep 2019 3:19 pm
Re: Fixed Deposit
Posted: Mon, 23 Sep 2019 9:45 pm
Bank stocks (or any stocks) are not a "safe bet". With a savings account, unless the bank goes bankrupt, you are guaranteed to have your money returned, plus interest, no matter how little that is.
The stock share price fluctuates with the market and it's price depends on market conditions and what other people are willing to pay for the stock. The stock can go to zero or increase in value.
Over the longer haul, stocks usually increase in value, unless the company goes bust, and if you are in no hurry to get your money back out, then you can ride out the lows, and stocks are a good investment.
But, be clear of two things. First, investing in stocks is not the same as a fixed investment paying a known return. And second, unless you follow the market closely, investing in a single stock is not a good idea for a small player. Instead, if this idea appeals to you, consider an exchange traded fund (ETF) that invests in banks. You buy the ETF, it invests in a bunch of bank stocks, spreading the risk.
For example, here is an ETF that is about 50 percent invested in financial stocks.
https://finance.yahoo.com/quote/EWs?ltr=1
As a rule of thumb, your personal investing plan should include ready cash from a savings account or money market, some say an amount equal to 3 months of your expenses. This is your emergency fund. Then you can invest in stocks without having to worry about selling when the price is low if you have an emergency need for funds.
Re: Fixed Deposit
Posted: Tue, 24 Sep 2019 9:48 am
Thanks Strong Eagle for the expert advice. I was pondering the whole night! And did some googling and seems stocks are somewhat volatile...and I am no expert in this field. Let me take a look at the ETF link.Strong Eagle wrote: ↑Mon, 23 Sep 2019 9:45 pmBank stocks (or any stocks) are not a "safe bet". With a savings account, unless the bank goes bankrupt, you are guaranteed to have your money returned, plus interest, no matter how little that is.
The stock share price fluctuates with the market and it's price depends on market conditions and what other people are willing to pay for the stock. The stock can go to zero or increase in value.
Over the longer haul, stocks usually increase in value, unless the company goes bust, and if you are in no hurry to get your money back out, then you can ride out the lows, and stocks are a good investment.
But, be clear of two things. First, investing in stocks is not the same as a fixed investment paying a known return. And second, unless you follow the market closely, investing in a single stock is not a good idea for a small player. Instead, if this idea appeals to you, consider an exchange traded fund (ETF) that invests in banks. You buy the ETF, it invests in a bunch of bank stocks, spreading the risk.
For example, here is an ETF that is about 50 percent invested in financial stocks.
https://finance.yahoo.com/quote/EWs?ltr=1
As a rule of thumb, your personal investing plan should include ready cash from a savings account or money market, some say an amount equal to 3 months of your expenses. This is your emergency fund. Then you can invest in stocks without having to worry about selling when the price is low if you have an emergency need for funds.
Re: Fixed Deposit
Posted: Thu, 26 Sep 2019 3:05 pm
Std Chartered has a good 10-month time deposit at 1.8-1.9% depending on how much you put in. The positive thing I've found is that the funds are not 'locked' i.e. in case of emergency you can still withdraw money before the maturity date.
Re: Fixed Deposit
Posted: Thu, 26 Sep 2019 9:36 pm
Re: Fixed Deposit
Posted: Fri, 27 Sep 2019 11:09 am
Yup...exactly what I like about time deposit, flexibility to withdraw if needed to. Will check Standard chartered out. Thanks!
Re: Fixed Deposit
Posted: Fri, 27 Sep 2019 11:11 am
Thanks for the link! ICBC looks interesting too at 1.9%...anyone used them before? China bank?singaporeflyer wrote: ↑Thu, 26 Sep 2019 9:36 pmhttps://blog.moneysmart.sg/fixed-deposi ... singapore/
Re: Fixed Deposit
Posted: Fri, 01 Nov 2019 11:17 am
tic...toc...tic...toc...
moderator
moderator
Re: Fixed Deposit
Posted: Fri, 01 Nov 2019 5:11 pm
You called sir?
Anyway, index tracking ETFs, lowest fee you can find. Long term, nobody can beat the index. End of story.
Anyway, index tracking ETFs, lowest fee you can find. Long term, nobody can beat the index. End of story.
Re: Fixed Deposit
Posted: Fri, 01 Nov 2019 5:30 pm
Re: Fixed Deposit
Posted: Fri, 01 Nov 2019 6:52 pm
Ok fixed! Lucky it's so damn easy to create an account here.
Re: Fixed Deposit
Posted: Fri, 01 Nov 2019 7:24 pm
That wasn't what singaporeflyer meant. Whenever you see my dark blue post and signed off as moderator that's the only time I'm actually moderating, by the way. We are all ordinary members who were asked many years ago to moderate but when we post we are posting as normal regulars unless we are moderating and we usually sign off as moderator or post in a color, most of us have our own basic color. So, you can go back to your normal account if you so desire.
The tic...toc... is our way of letting a poster know that they are treading on thin ice. In this particular posts case, the link that was removed is owned by the poster and I've know about it since day one. The actual poster is in NYC and had a consultancy there and has a company here in Singapore. He's been tip-toeing around since he got here but his email & ISP and a tiny bit of sleuthing (you probably call it CSI'ing) revealed all. So just waiting for him to start his pitch.
The tic...toc... is our way of letting a poster know that they are treading on thin ice. In this particular posts case, the link that was removed is owned by the poster and I've know about it since day one. The actual poster is in NYC and had a consultancy there and has a company here in Singapore. He's been tip-toeing around since he got here but his email & ISP and a tiny bit of sleuthing (you probably call it CSI'ing) revealed all. So just waiting for him to start his pitch.
Re: Fixed Deposit
Posted: Fri, 01 Nov 2019 8:17 pm
That's why I chose this user name. Frankly this tic...toc... business is rather childish and megalomaniacal. On most sites the moderators just say "please remember the rules and be warned you'll be banned if you break them again."sundaymorningstaple wrote: ↑Fri, 01 Nov 2019 7:24 pmThe tic...toc... is our way of letting a poster know that they are treading on thin ice.