BanCoe Hypersonic June 11, 2022 Share June 11, 2022 4 hours ago, Voodooman said: 6 months risk free deposit with MAS at 2.04%pa. I got some too. For those interested, it is available to retail investors for as little as $1k. Just apply via internet banking or ATM. For @BanCoe especially. https://www.mas.gov.sg/bonds-and-bills/auctions-and-issuance-calendar Solly Bro ….. me table wiper in Casino now ….. so i Blurr in all this ; so you pay $98.983 to buy so at the maturity you get $1/- izzit ?? And for 6 months tenor only ?? ↡ Advertisement 2 Link to post Share on other sites More sharing options...
Voodooman Supersonic June 11, 2022 Share June 11, 2022 (edited) 40 minutes ago, BanCoe said: Solly Bro ….. me table wiper in Casino now ….. so i Blurr in all this ; so you pay $98.983 to buy so at the maturity you get $1/- izzit ?? And for 6 months tenor only ?? Only 6 months on offer. Next month there is a 1 year issuance. You can also try, it should be higher than 2.04%. Yes, you buy at discount and get full amount on maturity. Just go to the link and it is all there. Edited June 11, 2022 by Voodooman 2 Link to post Share on other sites More sharing options...
BanCoe Hypersonic June 12, 2022 Share June 12, 2022 @Voodooman Bro... is this a T BILL........ 1 year ??? Link to post Share on other sites More sharing options...
Kopites Supersonic June 12, 2022 Share June 12, 2022 On 6/11/2022 at 9:18 AM, Lala81 said: What's the meaning of cut-off vs median vs average yield? It's not a fixed price? (no experience with T bills) Competitive (non guaranteed allotment amount) Vs non competitive (guaranteed allotment amount). I went for non competitive which give a fixed yield. 1 Link to post Share on other sites More sharing options...
Fcw75 Hypersonic June 12, 2022 Share June 12, 2022 Bank of cheena. 4 Link to post Share on other sites More sharing options...
Voodooman Supersonic June 12, 2022 Share June 12, 2022 1 hour ago, BanCoe said: @Voodooman Bro... is this a T BILL........ 1 year ??? Yes. Note I am not going for this one, don't think rates have peaked. Link to post Share on other sites More sharing options...
TangoCharlie Supersonic June 12, 2022 Share June 12, 2022 12 minutes ago, Voodooman said: Yes. Note I am not going for this one, don't think rates have peaked. Good recommendation bro👍. I'll try the next one. FD rates are worse than this, what gives? Too much cash in banking system? 1 Link to post Share on other sites More sharing options...
Voodooman Supersonic June 12, 2022 Share June 12, 2022 32 minutes ago, TangoCharlie said: Good recommendation bro👍. I'll try the next one. FD rates are worse than this, what gives? Too much cash in banking system? I have no idea why banks which are not triple AAA rated are paying less than T bills of similar tenure. I have the same question too. Maybe some experts can share why the abnormal? 1 Link to post Share on other sites More sharing options...
TameDriver Twincharged June 12, 2022 Share June 12, 2022 @Fcw75 Thanks! Opened two FD at BOC at 1.1% each last month. Going to terminate and reopen at this new rate. 3 Link to post Share on other sites More sharing options...
Throttle2 Supersonic June 12, 2022 Share June 12, 2022 (edited) 6 hours ago, Fcw75 said: Bank of cheena. Seriously speaking, the bare bare minimum to make any decent absolute dollar sense at all at such stupid rates today is $50k imagine, $5k for a year at 1.7%? Thats like $7 a month. Oh come on…. Its better spending the money Edited June 12, 2022 by Throttle2 1 2 Link to post Share on other sites More sharing options...
Fcw75 Hypersonic June 12, 2022 Share June 12, 2022 2 hours ago, TameDriver said: @Fcw75 Thanks! Opened two FD at BOC at 1.1% each last month. Going to terminate and reopen at this new rate. Maybe wait a while more. I think FD interest rate will only go up soon. 2 Link to post Share on other sites More sharing options...
Lala81 Hypersonic June 12, 2022 Share June 12, 2022 SSBs over subscribed last month also. I only got a small amount last month. And I already redeemed my July 2019 one. 1 Link to post Share on other sites More sharing options...
Wt_know Supersonic June 12, 2022 Share June 12, 2022 On 6/11/2022 at 10:19 AM, Throttle2 said: Watch out mortgage rates, yeah! copy&paste from other forum ... jit dong jeng liao ... 2 1 Link to post Share on other sites More sharing options...
Throttle2 Supersonic June 12, 2022 Share June 12, 2022 57 minutes ago, Wt_know said: copy&paste from other forum ... jit dong jeng liao ... Song. my personal forecast is for mortgage rates to average out around the 4% mark. so if a 4% mortgage rate is going clean you out, you better start planning, earning more or tightening big time. woooohooo. Link to post Share on other sites More sharing options...
mersaylee Hypersonic June 12, 2022 Share June 12, 2022 2 hours ago, Fcw75 said: Maybe wait a while more. I think FD interest rate will only go up soon. I buay lun liao...opened a few at only 0.7 few months back...it's double the rate now albeit a few more months longer on the lock in...hope no long queues at banks tomorrow 😅 1 Link to post Share on other sites More sharing options...
BanCoe Hypersonic June 12, 2022 Share June 12, 2022 3 hours ago, Throttle2 said: Seriously speaking, the bare bare minimum to make any decent absolute dollar sense at all at such stupid rates today is $50k imagine, $5k for a year at 1.7%? Thats like $7 a month. Oh come on…. Its better spending the money If you are working in the timber yard it’s fine to dismiss it , but for the retiree he has no other choice unless they want to punt in Bourses ……. 3 Link to post Share on other sites More sharing options...
Fcw75 Hypersonic June 12, 2022 Share June 12, 2022 42 minutes ago, mersaylee said: I buay lun liao...opened a few at only 0.7 few months back...it's double the rate now albeit a few more months longer on the lock in...hope no long queues at banks tomorrow 😅 Don’t even know how their mobile banking work. 😅 Link to post Share on other sites More sharing options...
Throttle2 Supersonic June 12, 2022 Share June 12, 2022 (edited) 53 minutes ago, BanCoe said: If you are working in the timber yard it’s fine to dismiss it , but for the retiree he has no other choice unless they want to punt in Bourses ……. On the contrary, for the retiree, he should not be leaving big amounts in low yielding FDs, locked up for such long periods. putting it into a simple good reit will produce 3 times the yield at 4 times the frequency. If he has no choice only its most likely becos he knows little. Then its just too bad for him. unless he is like me, cash rich and looking for opportunities. As such, i do not lock in my money for long periods for so little return. in other words, to lock up your $5000 for $7 a month for a period of 1 yr is plain dumb. Its better off owning the freedom to spend it whenever you need too. Edited June 12, 2022 by Throttle2 ↡ Advertisement Link to post Share on other sites More sharing options...
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