ICBC is now offering 3.15% on its FD!!!!!!!

[Johnrambo]

https://shrtcô.de/rkb6Bd

 

[no_faith]

Ai si buay si?

 

[laksaboy]

Give your money to a Tiong bank now at your own peril.

 

[winners]

Tiong banks are highly risky. They even cheat their own citizens. I would strongly advise against depositing large amounts with them. Don't be too greedy.

 

[laksaboy]

Wait till ALL the Tiong banks get globally sanctioned, and their overseas outlets all suddenly close shop like those fly-by-night tuition centres, nail salons or travel agencies.

The magic word you need to remember: DECOUPLING. Chinese word: 脱钩

Even the official Tiong propaganda news is starting to bark about this topic. You know they're nervous.

Why "decoupling from China" is doomed to fail
2022-08-27
https://english.news.cn/20220827/dd95770b8eef42eb98f7411aa3ab8afc/c.html

 

[hollowman]

Remember nothing is free in this world (other than some secret ones that I have discovered)
For this above the norm % means you must buy toxic product from them.
The standard ICBC fd is currently at 2.35% for 12 months deposit.

Be clear minded.

 

[batman1]

Higher than CPF rates ?

 

[Boliao]

Deposits in Singapore are guaranteed up to $75k. I've been enjoying more than 3.5% interest on my Chinese banks deposits for more than 2 years.

 

[hollowman]

Deposits in Singapore are guaranteed up to $75k. I've been enjoying more than 3.5% interest on my Chinese banks deposits for more than 2 years.

Any idea the $75k pokay is to 1 name for any number of accounts or 75k for every account for that name ? Some people have multiple accounts and deposits.

 

[syed putra]

Deposit is guaranteed by PAP.

 

[Boliao]

Any idea the $75k pokay is to 1 name for any number of accounts or 75k for every account for that name ? Some people have multiple accounts and deposits.

$75k per individual regardless of number of accounts under the same bank; even if different branches. Therefore, you should spread your money across different banks; up to $75k each. Usually state owned banks are typically safe but we don't have these anymore; PAP has privatised POSB/DBS.

You can also move your money overseas. US banks are guaranteed up to $250k USD.

 

[winners]

The S$75k guarantee is only applicable to banks which have officially declared and gone bust. Otherwise, you can wait long long to claim that S$75k. There are many means whereby the banks can withhold your deposits and forbid any withdrawals without declaring bankruptcy. In this case, you can only lan lan and wait for an amicable outcome.

 

[mojito]

Sdic got cover anot? Don't sabo leh bank run how?

 

[laksaboy]

Has this been updated?

Singapore says to guarantee all bank deposits​

OCTOBER 16, 2008
https://www.reuters.com/article/singapore-deposits-idINSIN3087720081016

Singapore will guarantee all local and foreign currency deposits in banks, finance companies and investment banks operating in the city-state with immediate effect, the government said on Thursday.

The guarantee will be backed by S$150 billion ($101.4 billion) of government reserves and will remain in place until Dec 31, 2010, according to a joint statement by the Ministry of Finance and the Monetary Authority of Singapore.

 

[Johnrambo]

Higher than CPF rates ?

definitely, CPF only 2.5%

 

[rushifa666]

Investing in ah tiong now? You mst be retarded

 

[Leckmichamarsch]

Deposit is guaranteed by PAP.

mudslime money haram

 

[hollowman]

This is a misleading thread.
As of today 15 sep this is the current rate 2.35% for sgd

 

[eatshitndie]

tiongs very hard up for usd. will give it a higher interest rate than any other currencies, especially their own cny or rmb. due to high demand by tiongs for usd, cny hits the psychological and prc control barrier of 6.9cny to 1usd.

 

[Loofydralb]

OCBC DBS and UOB should put Sinkies FD that they deposited in their banks, into this ICBC.

Easy money 1% profit.