A group of more than 200 DBS High Notes 5 investors have commenced legal action against DBS. The group of investors is understood to have lost about S$17 million and are suing for a total refund of their investment money. Yesterday, a legal notice was served on DBS by legal firm Premier Law. The claim […]
Starting from yesterday, interest rates on the savings accounts at both DBS and POSB will be reduced. The interest rate for the first $50k held at PSOB will be cut from 0.25% to 0.125% while DBS Savings Plus account holders will get 0.1% for the first $50k. Rates at other banks are similarly low. For […]
I saw an advertisement for a POSB structured product, the POSB Invest SingGrowth account, in the newspapers the other day. Thought it would be good to highlight and have a look at this product. The POSB Invest SingGrowth account is a 5-year equity-linked structured product that promises a fixed yearly payout with the potential of […]
Our three local banks – DBS, UOB and OCBC have been the target of scammers/phishers recently. Computer trojan programs installed into infected computers can trick users into revealing their internet banking passwords. The login page looks very similar to the actual one, except are a minor difference. Here’s how the fake DBS login page looks […]
DBS Vickers has recently started a new product that might trigger the next price war in shares brokerage fees. Currently, the commission rates for trading of stocks goes something like this (for trades below $50k): 0.5%, min $40 for broker assisted trades 0.275%, min $25 for online trades For online trades, part of the commission […]