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Any idea which Bank/Finance Co. gives the highest interest rate for S$50K? >1.7% p.a. ?Reply
Lloyds TSB is offering 5.5% for 6 months for min A$50K.
Thanks for highlighting. Yes, I just saw it in the newspapers today too.Reply
From which place, you come to know HL Bank is offering 4.65 p.a. for AUD $21,000 for only one year? ThanksReply
People said the only direction for the current interest rate, in particular for Sing dollars, is north. But this say has been around for years and have we seen any significant raise?
Just look at the yield from Sing treasury bills.
Are you aware that HL Bank is offering 4.65 p.a. for AUD $21,000 for only one year? So, the 4.3 p.a. from AIA for 5-yr lock-in period is not that attractive after all, especially when interest rates will be rising in the months to come. Do you not agree ?
I haven’t really done a full comparison of the A$ interest rates.
I agree that if the interest rate were to raise over the next 5 years, then locking in a 5 year rate now is not attractive. But it could also go up over the next 1-2 years, then come down again over the next couple of years. It will depend on how the Australia economy does.Reply
you got to be kidding. >1.7% p.a.?
if you can get 1%p.a. for SGD fixed deposit now, you should grab it.
one of the better ones i know is CIMB:
0.9% p.a. for 12 month
1.4% p.a. for 24 months
just remember that sg government guarantee on deposits ends 2010.