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Which bank offers the highest Fixed Deposit rates?

Donut

By Donut,
in Investment & Financial Matters

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Voodooman

Voodooman

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On 3/6/2025 at 9:48 AM, Throttle2 said:

PoSB sounds like some govt office. Bureaucracy thicker than the wayang singers makeup.  Sometimes procedures are illogical and senseless such as in your case.  
On top of it all, they profess to be “neighbours” first, Bankers second  Maybe thats why, they dont know how to do banking anymore.  
i feel for you, man.  I would be so frustrated.   The other similar one is HSBC.  
 

Good thing you chose UOB, in my personal experience, it is indeed the best one in terms of customer experience amongst the 3

I shifted my main cash management bank from DBS to UOB a few years ago and never looked back.

Write them an email, they called me and helped to settle everything in 1 day.  Really good and personal service. 

But their apps and internet banking are not as seamless as DBS.  Just my personal experience.  

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Spidey10

Spidey10

Supercharged
On 3/6/2025 at 10:30 AM, Voodooman said:

I shifted my main cash management bank from DBS to UOB a few years ago and never looked back.

Write them an email, they called me and helped to settle everything in 1 day.  Really good and personal service. 

But their apps and internet banking are not as seamless as DBS.  Just my personal experience.  

For me, my Dr warned me not to go to the Bank to do my banking stuff...coz everytime I go to the bank, my BP will shoot up!! :=B:...the process and  boh lui...:grin:

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Kopites

Kopites

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(edited)
On 3/5/2025 at 10:40 PM, Lala81 said:

I was trying to open a separate joint account with my parents to help them manage their FD. Essentially I will just apply t bills for them via this new account. First it freezes the money, so they can't get scammed. I also don't want to get it mixed up with my own funds and other bank accounts. 

I don't allow them to use internet banking or sing pass In case of scams. so went down to Tiong Bahru Plaza after med appt to do in person. 

 

Reached posb. Queue up for a while. Posb not giving out queue numbers. Only after the staff speak to you then can get queue number. The 60+ year old in front of me was complaining, why so difficult just to get a queue no. 

Me: I need to open joint account with my parents. 

She: cannot. Need to make appt or do it online. We don't allow walk in. 

Me: Cannot just walk in to open a simple account? Huh what about those who don't have digibank access. 

She: you can create an account via digibank then add the parents in.

Me: Then how do my parents get approved? I'm specifically coming down cos they don't have singpass. 

She: after you do that, then you can walk in to the branch to get approved. 

Me: you mean I cannot do it now. But even if I do it now, I have to come down again another time and take a common queue to do it?What's the queue time now? 

She: it's about 2-3 hrs. 

Me: forget it. It's ridiculous. I took leave and you are just making us jump through hoops for a simple account opening. (I'm not pissed with the wait time but the stupid concept that she doesn't allow you to just walk in and open an account)

 

Luckily I chose a location with UOB also. Walked in, waited 15 mins to get to the officer. The account opening did take another half hour easy cos it's really slow. But at least it got done in one sitting. 

Reminded me why I really disliked visiting posb/dbs in the past when I was forced to go to posb to do certain stuff. 

 

You can sms tel: 83184382 POSB tiong habru branch for a queue number? 

OK.. abit of time now.

Sms to the above number with letter Q.You will receive the a list of services. Click and receive the queue number. 

Edited by Kopites
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Lala81

Lala81

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(edited)
On 3/6/2025 at 10:44 AM, Kopites said:

You can sms tel: 83184382 POSB tiong habru branch for a queue number? 

OK.. abit of time now.

Sms to the above number with letter Q.You will receive the a list of services. Click and receive the queue number. 

I know about this. Suspended due to heavy human traffic when i was there. 😆

Edited by Lala81
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Lala81

Lala81

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(edited)
On 3/6/2025 at 10:30 AM, Voodooman said:

I shifted my main cash management bank from DBS to UOB a few years ago and never looked back.

Write them an email, they called me and helped to settle everything in 1 day.  Really good and personal service. 

But their apps and internet banking are not as seamless as DBS.  Just my personal experience.  

Oh confirm. But for regular use, i think the IB apps are pretty similar. But UOB annoying thing is that they only keep transaction records for last 1.5 months at most. 

With school going kids, the POSB Smart buddy system is really good. 

 

Edited by Lala81
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Lala81

Lala81

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On 3/6/2025 at 9:52 AM, Lala81 said:

Yup. everytime I've needed to do something at UOB (my main bank) in person, I feel it's friction-less. 

Wow. Uob just called me and it was a follow up call for customer service satisfaction. Real Singaporean/malaysian. I'm surprised it's not automated in this day and age. 

Asked me for any feedback. Then to please reply the customer service sms sent later in one week. 

 

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mersaylee

mersaylee

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On 3/10/2025 at 12:26 PM, Volvobrick said:

Chocolate Finance suspends instant withdrawals due to ‘high demand’
https://www.businesstimes.com.sg/companies-markets/chocolate-finance-suspends-instant-withdrawals-due-high-demand

Anyone here got money with them?

Don't say no warning!

Heng ah...moi no like sweets candies or chocolates...or carrots... 😁

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Throttle2

Throttle2

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(edited)
On 3/10/2025 at 12:26 PM, Volvobrick said:

Chocolate Finance suspends instant withdrawals due to ‘high demand’
https://www.businesstimes.com.sg/companies-markets/chocolate-finance-suspends-instant-withdrawals-due-high-demand

Anyone here got money with them?

Don't say no warning!

hoho, have to prevent a run mah......

Easy come, Easy go....

$1bil AUM only....

Edited by Throttle2
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Kopites

Kopites

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On 2/28/2025 at 8:57 AM, Kopites said:

 

On 2/28/2025 at 8:57 AM, Kopites said:

Hmmm don't like those chocolate, banana, strawberry, digital bank sort of saving. Just conventional safe and trusted saving. Old man here. 😁

Quote my own post. 

Yes, Old man need to watch out for sugar level. Chocolate, banana,  papaya etc...bad for health. 

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Spidey10

Spidey10

Supercharged
On 3/10/2025 at 12:36 PM, mersaylee said:

Heng ah...moi no like sweets candies or chocolates...or carrots... 😁

 

On 3/10/2025 at 12:26 PM, Volvobrick said:

Chocolate Finance suspends instant withdrawals due to ‘high demand’
https://www.businesstimes.com.sg/companies-markets/chocolate-finance-suspends-instant-withdrawals-due-high-demand

Anyone here got money with them?

Don't say no warning!

1st time hearing chocolate finance....guess now a lot of those digibanks...i have funds in SYFE, hope nothing wrong, just withdraw some on Friday and supposed to get today....fingers cross!

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Volvobrick

Volvobrick

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On 3/10/2025 at 2:41 PM, Spidey10 said:

 

1st time hearing chocolate finance....guess now a lot of those digibanks...i have funds in SYFE, hope nothing wrong, just withdraw some on Friday and supposed to get today....fingers cross!

I hope that influenzar doesn't complain about Mari invest....

 

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mersaylee

mersaylee

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On 3/10/2025 at 2:43 PM, Volvobrick said:

I hope that influenzar doesn't complain about Mari invest....

 

So long not mari kita up lorry...😁

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Voodooman

Voodooman

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(edited)
On 3/10/2025 at 2:45 PM, RadX said:

He damage ctrl 

 

maybe kanna warning hahah 

 

https://sethisfy.com/why-withdrawing-from-chocolate-finance-now-takes-days-which-is-the-industry-norm/?utm_source=tele&utm_medium=social

I read this may be the video that started the run. Some young influencer. Still trying to figure out what are the issues. It wasn't clear to me. 

If not true that they are running a ponzi scheme, MAS is going to investigate, this guy is going to be in big big trouble.

 

Edited by Voodooman
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