SG fixed deposit rates as of this week

[Voldermort]

http://fy9.ln/H00Y0N

 

[hollowman]

This is getting serious .
Is rhb safe ?
1.69mil x 3.2% = $54,080
Plus my 3.5k per mth cbl job + bonus total for next 2 years near 100k p.a
Do nothing get 100k p.a hard to believe and absorb now.

 

[hbk75]

This is getting serious .
Is rhb safe ?
1.69mil x 3.2% = $54,080
Plus my 3.5k per mth cbl job + bonus total for next 2 years near 100k p.a
Do nothing get 100k p.a hard to believe and absorb now.

Old news liao. Now Maybank 3% for 12 months

 

[laksaboy]

It doesn't matter since inflation is way higher than that.

Also, looking forward to double digit housing loan rates. Let's see how those 'homeowners' cope with that.

 

[tobelightlight]

It doesn't matter since inflation is way higher than that.

Also, looking forward to double digit housing loan rates. Let's see how those 'homeowners' cope with that.

Exactly, i was thinking about that and you beat me to it in posting it. You keep your money in the bank and can't take it out (FD), your money will lose value till death. Why the bank wanna do that to devalue your money? can anyone with real bank experience pls explain to me? Banks need your money to earn more money due to inflation?