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Fixed Deposit Promotion

Posted: Wed Feb 25, 2015 11:14 am
by lee_yl
http://www.posb.com.sg/personal/promotion/savings-promo

POSB Fixed Deposit @ 1.88% for 12mths. Last 3 days.

Fill in a form to pledge how much you would like to maintain in your normal POSB/DBS savings account or current account or joint account over next 12mths to enjoy 1.88%.

Re: Fixed Deposit Promotion

Posted: Wed Feb 25, 2015 1:38 pm
by alng
for fresh funds only...can I withdraw the money out and then deposit again as FD? haha!

Re: Fixed Deposit Promotion

Posted: Wed Feb 25, 2015 1:39 pm
by starlight1968sg
Looks like the FD interest rates are climbing.
Any FD promotion from UOB?
Thank you.

Re: Fixed Deposit Promotion

Posted: Wed Feb 25, 2015 3:01 pm
by FantasyLandDreams
alng wrote:for fresh funds only...can I withdraw the money out and then deposit again as FD? haha!
Of course. Just withdraw cash out / via cashier order and deposit into another cheque book account of a different bank ( for example UOB) , then deposit back the UOB cheque will be considered 'fresh funds' from another bank already. Just that you need a little planning and turn around of 2 working days and the hassle of going to two banks on 2 consecutive days. Always work for me though. :siam:

Re: Fixed Deposit Promotion

Posted: Wed Feb 25, 2015 3:05 pm
by FantasyLandDreams
starlight1968sg wrote:Looks like the FD interest rates are climbing.
Any FD promotion from UOB?
Thank you.
1.3% for a 13 month FD, min 20k, this promotion is until 28 Feb only:
http://www.uob.com.sg/personal/deposits ... b_lding_pg

Re: Fixed Deposit Promotion

Posted: Wed Feb 25, 2015 3:06 pm
by lee_yl
alng wrote:for fresh funds only...can I withdraw the money out and then deposit again as FD? haha!

That's what i did yesterday! Took out the money from POSB and bank into my UOB acct. This evening, i will drop a cheque back to my POSB acct. That's "fresh funds", sounds like “洗黑钱”, haha.

Re: Fixed Deposit Promotion

Posted: Wed Feb 25, 2015 3:08 pm
by alng
lee_yl wrote:
alng wrote:for fresh funds only...can I withdraw the money out and then deposit again as FD? haha!

That's what i did yesterday! Took out the money from POSB and bank into my UOB acct. This evening, i will drop a cheque back to my POSB acct. That's "fresh funds", sounds like “洗黑钱”, haha.
At most qualify as 洗钱” as the money is not 黑 to start with.

Re: Fixed Deposit Promotion

Posted: Wed Feb 25, 2015 3:09 pm
by FantasyLandDreams
starlight1968sg wrote:Looks like the FD interest rates are climbing.
Any FD promotion from UOB?
Thank you.
1.3% for a 13 month FD, min 20k, this promotion is until 28 Feb only:
http://www.uob.com.sg/personal/deposits ... b_lding_pg

Re: Fixed Deposit Promotion

Posted: Wed Feb 25, 2015 3:13 pm
by FantasyLandDreams
alng wrote:
lee_yl wrote:
alng wrote:for fresh funds only...can I withdraw the money out and then deposit again as FD? haha!

That's what i did yesterday! Took out the money from POSB and bank into my UOB acct. This evening, i will drop a cheque back to my POSB acct. That's "fresh funds", sounds like “洗黑钱”, haha.
At most qualify as 洗钱” as the money is not 黑 to start with.
应该说是洗红钱吧,都是辛苦赚来的血汗钱! :laugh:

Re: Fixed Deposit Promotion

Posted: Wed Feb 25, 2015 3:38 pm
by FantasyLandDreams
Looks like FD interest rate is really going up.
Bank of china FD is 1.38% for 6 months and 1.45% for 12 months. Minimum 50K. Rates as of today, 25 Feb 2015.