Archive

Savings & Deposits

What can we do in this low interest rate environment in Singapore?

February 20, 2008 by Panzer
By: PanzerGrenadier Interest rates are low hovering around 1.5% or less for shorter tenures as can be seen here in my previous post on Singapore banks and fixed deposits interest rates for the last 2 years. There is nothing much we can do…unless In reality, for most savers, there is very little you can do [...]

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Surviving Low Domestic Interbank Rates in Singapore

February 5, 2008 by Panzer
By: PanzerGrenadier Time deposit rates have moved downwards along with Domestic Interbank rates Interest rates for savings and fixed deposits (time deposits) have reduced sharply since Oct 2007 as can be seen in the Monetary Authority of Singapore data on domestic interbank rates since Jan 2007 to Jan 2008. It has moved downwards from the [...]

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ABN Amro Festive Welcome Package

January 24, 2008 by Panzer
By: PanzerGrenadier 3 months time deposit, minimum deposit of $50,000k. If you want to get the cash ang pow, you will need a minimum of $100,000 deposit. Van Gogh customers only (min $200,000). Read more…

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Singapore Fixed Deposits Blog is born!

January 22, 2008 by Derek Lim
It is encouraging to know that more local bloggers have decided to share their Financial knowledge in spite of the current weak market sentiments. I hope this trend can and will continue. By: PanzerGrenadier I have decided to enlist the help of a forummer I met on one of the forums who has a keen [...]

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What is the best risk-free rate in Singapore?

December 26, 2007 by Wilfred Ling
By: Wilfred Ling During a Christmas gathering with friends, someone asked me for a question: What is the best risk-free instrument in Singapore? It was an easy question. My answer to that was: There is no risk-free instrument in Singapore. Traditional risk-free instrument is associated either with a bank deposit (preferably linked wiith the Singapore [...]

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Insurers Not Protected From Risk

December 25, 2007 by Patrick Lim
Patrick’s comments on Dr Money’s Article – Insurers Not Protected From Risk. By: Patrick Lim With regard to financial institutions like full banks and finance companies in the unlikely event of going bust, I heartily applaud the MAS’s move to have implemented the deposit insurance scheme on April 01, 2006. Here’s some nuggets of info [...]

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Mental accounting

December 7, 2007 by Wilfred Ling
By: Wilfred Ling A client of mine was paid in US dollar. He asked me whether should he maintain a US dollar saving account and accumulate his saving there as he receives the US salary. The rationale is because of the declining US, he hopes it will “recover” in the future. If he converts all [...]

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Citibank Step-Up Interest Account and Standard Chartered e$aver

June 8, 2007 by Derek Lim
By: Derek Lim My colleague is looking for a savings account where he can put his money in temporary as he prepare for his wedding day. Coincidently, I receive 2 mails today, one from on Citibank Step-Up Interest Account and another on Standard Chartered e$aver. Both accounts are very similar – they will offer a [...]

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