## Why SIBOR went up?

### Re: Why SIBOR went up?

falling oil pricesngl2010 wrote:Why SIBOR suddenly went up drastically? Do you think it will go up further?

### Re: Why SIBOR went up?

SIBOR up 13.5% but SOR is 233.5%.....therefore....those in SOR may have to think of refinancing....

Monitor Federal Reserve's rate....likely to increase in 2015.

Monitor Federal Reserve's rate....likely to increase in 2015.

- starlight1968sg
- KiasuGrandMaster
**Posts:**16524**Joined:**Mon Nov 16,**Total Likes:**40

### Re: Why SIBOR went up?

I called CitiBank today and learnt that there are 1-month, 3-months, 6-months and 12-months SIBOR rates.

Our effective rate has gone up to 1.5%.

All the other x- months SIBOR rates + the minimum interest rate is higher than 1.5% now.

There is no savings if we convert to x-monthly SIBOR now unless the monthly SIBOR exceeds what we commit now for x-months SIBOR.

Actually I am very confused by what the staff said.

Some more the minimum interest rate is now up to 0.85 from 0.80

Our effective rate has gone up to 1.5%.

All the other x- months SIBOR rates + the minimum interest rate is higher than 1.5% now.

There is no savings if we convert to x-monthly SIBOR now unless the monthly SIBOR exceeds what we commit now for x-months SIBOR.

Actually I am very confused by what the staff said.

Some more the minimum interest rate is now up to 0.85 from 0.80

### Re: Why SIBOR went up?

Jennifer, have you asked other banks for their housing loan interest rate?Jennifer wrote:I called CitiBank today and learnt that there are 1-month, 3-months, 6-months and 12-months SIBOR rates.

Our effective rate has gone up to 1.5%.

All the other x- months SIBOR rates + the minimum interest rate is higher than 1.5% now.

There is no savings if we convert to x-monthly SIBOR now unless the monthly SIBOR exceeds what we commit now for x-months SIBOR.

Actually I am very confused by what the staff said.

Some more the minimum interest rate is now up to 0.85 from 0.80

The recent promotion by POSB for 1.88% interest rate for fixed deposit and also some fixed deposit promotion by other banks actually made me sweat. That means the cost for borrowers will go up too. But I am not an expert so I maybe wrong.

### Re: Why SIBOR went up?

ngl2010 wrote:Jennifer, have you asked other banks for their housing loan interest rate?Jennifer wrote:I called CitiBank today and learnt that there are 1-month, 3-months, 6-months and 12-months SIBOR rates.

Our effective rate has gone up to 1.5%.

All the other x- months SIBOR rates + the minimum interest rate is higher than 1.5% now.

There is no savings if we convert to x-monthly SIBOR now unless the monthly SIBOR exceeds what we commit now for x-months SIBOR.

Actually I am very confused by what the staff said.

Some more the minimum interest rate is now up to 0.85 from 0.80

The recent promotion by POSB for 1.88% interest rate for fixed deposit and also some fixed deposit promotion by other banks actually made me sweat. That means the cost for borrowers will go up too. But I am not an expert so I maybe wrong.

We just passed the 3 years period. So yet to check with other banks.

### Re: Why SIBOR went up?

Received interest revision advice from bank yesterday. Up from 1.128% to 1.44%. Up by 0.312%.