Unattractive Lunar New Year bank promo
Till end Feb... The only low-hanging fruit promo that I could find is the DBS $28 Hong Bao giveaway for opening a new deposit account or SAYE account online. T&C applies. So I have gotten myself a Multiplier Account. POSB is offering 1.45% for 4 months if you open a higher interest account with fresh fund deposit. Last year was 8 months. Standard Chartered is offering a miserly 1.15% for 11 months FD tenor with minimum deposit of 25k. (If I didn't recall wrongly, new year period was 1.25%.) https://www.sc.com/sg/save/term-deposit-sgd-dollar.html CIMB is offering 1.25% for a 12 months FD tenor with minimum deposit of 20k. https://www.cimbbank.com.sg/en/personal/news-and-promotions/promotions/accounts/cimb-sgd-fixed-deposit-promotion.html Maybank's FD rates have also dropped markedly versus last year. Where would be a safe haven for parking spare cash at a better yield this year? Bonds? --------------------- 19/4 - Yay, gotten the $28 hongbao