Thursday, July 02, 2009

Best fixed deposit rates

A reader asked me to post the best fixed deposit rates available in Singapore. As I do not have the time to be doing this research, I have to engage someone to do this research and to pay this person for the time spent.

I hope that FISCA can do this work at a later date. FISCA will also have to pay people to do the work.

I enourage Singaporeans to join FISCA and pay $36 a year as membership fee for FISCA to meet its expenses. Please support FISCA, so that it can take care of your interest. FISCA will be calling for membership in August, when its website is ready.
Posted by at
Labels:

7 comments:

Anonymous said...

Now can buy t-bond at atm, guess it should beat any BEST rate in town

July 02, 2009 4:50 PM
Anonymous said...

there is a blog on this topic http://singapore-fixed-deposits.com/

July 02, 2009 5:18 PM
Anonymous said...

Sure, Mr Tan, we will do our part and join Fisca. We cannot expect to get everyhting free. We have to do our part to support good work like FISCA.

July 02, 2009 5:30 PM
Anonymous said...

FISCA will be the people's association to protect the ordinary folks from the predatory insurance agents and the RMs.
You can seek advice before buying the insurance or invest.
You can also bring your existing policies for review and to check for mis-selling and misrepresentation.
You can learn from talks on insurance and investment.
You can seek help if you need to sue an insurance agent or RM.
Hope FISCA will have a pool of lawyers who can provide legal service on contingency fee basis.

July 02, 2009 9:41 PM
Anonymous said...

Any views on how long the low interest for FD will last?

July 02, 2009 11:08 PM
Anonymous said...

hopefully will not end up like Japan.

July 03, 2009 9:39 AM
Anonymous said...

Since my retirement in mid-2000, the interest rates on FD have been dismal, ranging from about 3% all the way down to what it is today. Savings accounts are even worse off.

Well, behind closed doors, all bankers are brothers, so don't expect the rates on FD to go up soon.

Hong Leong Finance and Maybank, among some other finance companies, were offering much better rates than the rest of the pack, but they have since followed the brotherhood, so depositors have no further choice.

That is why people get mired in structured products hoping to get a better deal.

And that is why banks are able to hop on to the structured products scam because they know the low FD rates will drive customers over.

It is all in their vested interest to keep FD rates low, so they can market the other profitable products more easily.

Lost Citizen

July 03, 2009 2:30 PM

Post a Comment

Subscribe to: Post Comments (Atom)

Blog Archive