Personal Finance
Banks offering higher fixed deposit interest rates amid Singapore Savings Bonds competition. Will housing loan rates go up?
By Investment Moats  •  July 23, 2015
One of the after effects of the government http://www.investmentmoats.com/budgeting/singapore-savings-bonds-ssb-start-issuing-september/ is that with a viable product for the consumer masses, with a limited money supply, the competition will be more. Straits Times today tallied how the banks are offering higher fixed deposit rates in light of this competition from SSB. Looks attractive and affordable. Compare this to the prevailing SGS Bonds yield to maturity: The fixed deposit come in competition with the sgs bonds in the 1.1 years range, which is roughly 0.66%. Looks like they are upping it. But like what analysts say, they may be trying to offer so much more that folks forget what is good about the Singapore Savings Bonds. From the table you can see that the rates for the 9-10 year duration have moved up! it was 2.3% a few months ago. Now its 2.6%. This is in ......
Read the full article
By Investment Moats
Investment Moats is set up by Kyith Ng and have been around since 2005. He aims to share his experiences making sense of money, how money works and ways to grow his money. It hopes that by sharing his experiences, both good and bad, season investors can advice and critique his decisions and new investors can learn from them and find their own style ...
LEAVE A COMMENT
LEAVE A COMMENT

Your email address will not be published.

*

Your Email Address will not be published
*

2 Comments

2 responses to “Banks offering higher fixed deposit interest rates amid Singapore Savings Bonds competition. Will housing loan rates go up?”

  1. Anonymous says:

    1

  2. Anonymous says:

    4.5

Leave a Reply

Your email address will not be published.

Read More Articles
More from thefinance
%d bloggers like this: