FireIce

22 Sep 11, 12:33

Revision of Interest Rates for S$ Deposit Accounts

With effect from 14 October 2011, the interest rates for DBS and POSB deposit accounts will be revised.

click here to see the new (pathetic) interest rates

Planet Hitman

22 Sep 11, 12:54

With an ANZ Term Deposit you know what your return will be and you choose how long your money is invested. With a minimum investment of $5,000¹ you can choose an investment term from one month to five years. It’s up to you in Australia.

Current interest rate specials

Popular Terms	Interest at Maturity
3 months^*	5.50% p.a.
4 months^*	5.00% p.a.
5 months*	5.60% p.a.
12 months^*	5.60% p.a.
24 - 35 months^*	5.80% p.a.
36 months^*	5.80% p.a.
37 - 59 months^*	5.80% p.a.
60 months^*	5.80% p.a.

The above rates are available for amounts from $5,000 to $99,999¹. View current ANZ Term Deposit interest rates for the full suite of investment terms.

For the interest rates available for amounts $100,000 or more, please call 1800 008 177 between 8am and 8pm Monday to Friday or visit your nearest ANZ Branch.

Like to know the return you will receive? Our Term Deposit calculator can help you calculate the expected return on your choice of investment term.

Seniors (age 60 years and over) Bonus interest rates are available on selected terms³.

Rock^Star

22 Sep 11, 13:01

I think singaporeans are being short changed. In Indonesia, the normal savings interest rates are 10-20 times that amount. Fixed deposits can go up to 5-7% p.a.

fudgester

22 Sep 11, 13:22

WTF 0.25% maximum for POSB MySavings?!?!?!?

Planet Hitman

22 Sep 11, 13:44

Foreign Currencies - Foreign Currency Fixed Deposits

Please select currency type:
US Dollar Sterling Pound Australian Dollar Canadian Dollar	New Zealand Dollar Swiss Franc Japanese Yen Chinese Renminbi(Offshore)	Hong Kong Dollar Euro

Foreign Currency FD - US Dollar

Minimum Amount	5'000SGD EQUIVALENT
Value Date	22/09/2011
Effective Date	22/09/2011 9:32am

Amt(USD)

< 10'000
0.0000
0.0000
0.0000
0.0000
0.0300
0.1200
0.1850

< 25'000
0.0000
0.0000
0.0000
0.0000
0.0300
0.1200
0.1850

< 50'000
0.0000
0.0000
0.0000
0.0000
0.0300
0.1200
0.2450

< 100'000
0.0000
0.0000
0.0800
0.0800
0.1800
0.3200
0.4850

< 250'000
0.0000
0.0000
0.0800
0.0800
0.1800
0.3200
0.5450

<= 500'000
0.0000
0.0000
0.0800
0.0800
0.1800
0.3200
0.6050

Back to the top

Foreign Currency FD - Sterling Pound

Minimum Amount	5 '000SGD EQUIVALENT
Value Date	22/09/2011
Effective Date	22/09/2011 9:32am

Amt(GBP)

1 day

1 week

1 mth

2 mths

3 mths

6 mths

12 mths

< 25'000
0.0000
0.0000
0.0000
0.0000
0.0000
0.2650
0.7550

< 50'000
0.0000
0.0000
0.0000
0.0000
0.0950
0.2650
0.7550

< 100'000
0.0000
0.0000
0.0000
0.0000
0.1950
0.5050
0.8350

< 250'000
0.0000
0.0000
0.0950
0.1850
0.4150
0.7150
1.1150

<= 500'000
0.0000
0.0000
0.1550
0.2450
0.4650
0.7450
1.2350

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Foreign Currency FD - Australian Dollar

Minimum Amount	5 '000SGD EQUIVALENT
Value Date	23/09/2011
Effective Date	22/09/2011 9:32am

Amt(AUD)

1 day

1 week

1 mth

2 mths

3 mths

6 mths

12 mths

< 25'000
0.0000
0.0000
3.9750
3.9750
3.9750
4.0050
0.0000

< 50'000
0.0000
0.0000
3.9950
3.9950
3.9950
4.0250
0.0000

< 100'000
0.0000
0.0000
4.0850
4.0850
4.0750
4.1050
0.0000

< 250'000
0.0000
3.5900
4.3550
4.3550
4.3550
4.3850
0.0000

<= 500'000
0.0000
3.8000
4.4450
4.4450
4.4450
4.4750
0.0000

Back to the top

Loor

22 Sep 11, 14:39

For those with enough:

0.1% for $1m savings.....yes - what an attractive investement option....

single_alone

22 Sep 11, 14:45

Originally posted by Planet Hitman:

With an ANZ Term Deposit you know what your return will be and you choose how long your money is invested. With a minimum investment of $5,000¹ you can choose an investment term from one month to five years. It’s up to you in Australia.

Interest rates

Benefits

How it works

How to Apply

Current interest rate specials
Popular TermsInterest at Maturity 3 months^* 5.50% p.a. 4 months^* 5.00% p.a. 5 months* 5.60% p.a. 12 months^* 5.60% p.a. 24 - 35 months^* 5.80% p.a. 36 months^* 5.80% p.a. 37 - 59 months^* 5.80% p.a. 60 months^* 5.80% p.a.
The above rates are available for amounts from $5,000 to $99,999¹. View current ANZ Term Deposit interest rates for the full suite of investment terms.

For the interest rates available for amounts $100,000 or more, please call 1800 008 177 between 8am and 8pm Monday to Friday or visit your nearest ANZ Branch.

Like to know the return you will receive? Our Term Deposit calculator can help you calculate the expected return on your choice of investment term.

Seniors (age 60 years and over) Bonus interest rates are available on selected terms³.

erm what is term deposit huh?

The interest seems high.

Is it investment in which if it goes wrong, you stand to lose money?

likeyou

22 Sep 11, 15:36

really very low interest for saving account.

people do need saving account to pay off bills etc...

i would rather park my money in fd in foreign bank than local bank.

Short changed? You bet.

Darkness_hacker99

22 Sep 11, 17:10

It reminds me of the module Principles of Banking and Finance, the topic on Financial System, indirect finance.

Actually we are all investors, but our returns are just 0.01%. The bank jiak our money liao. They at least jiak 6%+ net profit

Llg2178

22 Sep 11, 20:12

The interest rate for deposit accounts is going down.

I hope they can do likewise for the interest rate of housing loan, study loan etc.

GHoST_18

22 Sep 11, 20:47

wtf

single_alone

22 Sep 11, 23:21

Originally posted by Llg2178:

The interest rate for deposit accounts is going down.

I hope they can do likewise for the interest rate of housing loan, study loan etc.

You wait long long

FireIce

23 Sep 11, 01:24

i think other local banks will be adjusting too

Meia Gisborn

23 Sep 11, 02:45

The new rates are about on par with what banks here in the US are offering with their savings accounts. Yes, it's more than pathetic...

likeyou

23 Sep 11, 12:46

Encourage pple not to save and spend to boost up the economy?

FireIce

23 Sep 11, 12:48

soon the int rate will be on par with how much your biscuit tin or shoe box offer

likeyou

23 Sep 11, 12:50

It will reduce to 0.01%.

Or there is be no saving interest rate when you place saving account. 0% interest rate.

Loor

23 Sep 11, 12:56

For too long, banks have used our money to lend out back to us at a much higher rate and pocketing the margin.

Maybe should organise a mass revolt on a sensible scale like Curry-day, where everyone just decides to withdraw all their savings and keep under mattress. It'll be interesting to see what the banks would do then.

Just need to beef up security on that day though.....

likeyou

23 Sep 11, 13:00

Good idea.

People put money on saving account with near zero interest rate, they use the money to promote cash line that have high interest, housing loans, car loans....they really use our money to slap our face.

FireIce

23 Sep 11, 20:31

i dont have much money in local bank accts

but then still must have for certain transactions like pay bills, shopping........

my æ£ºæ��æœ¬ are in banks elsewhere

no, i do not have a swiss acct like u see on tv

Planet Hitman

23 Sep 11, 20:40

another world recession???

then interesrt rate will be reduced an need to wait 2 years to go up again!

BanguIzai

24 Sep 11, 21:57

countries with weaker currencies have higher % rates, is it a norm ?

FireIce

26 Sep 11, 14:22

OCBC also announces adjustments
wef 1 Oct

https://www.ocbc.com/personal-banking/downloads/banking/Internet_InterestRateRevision_100924.pdf

FireIce

26 Sep 11, 14:27

UOB too!
wef 12 Oct

http://www.uob.com.sg/assets/pdfs/deposit-account-revised.pdf

it means u are screwed left right up down inside out no matter which bank.

everyone, get ready your biscuit tins!

Î²ÎÏ„Î¬

26 Sep 11, 16:12

Pathetic!!!

Not even 1/10 of 1%!!!

Singapore is going down the same path as Japan, national recession with high savings.

Local Banks revise interest rates wef Oct'11

Revision of Interest Rates for S$ Deposit Accounts

Foreign Currencies - Foreign Currency Fixed Deposits