Deposit
(Fresh funds)
|
Interest Rate
|
S$25,000 to below S$250,000
|
1.25%
p.a.
|
S$250,000 and above
|
1.30%
p.a.
|
Promotion runs until 31 March 2015. Please refer to the website for more details.
Thursday, 15 January 2015
CIMB 12-month SGD Fixed Deposit Promotion
Enjoy up to 1.30% p.a. for a 12-month SGD Fixed Deposit with CIMB.
Promotion runs until 31 March 2015. Please refer to the website for more details.
Promotion runs until 31 March 2015. Please refer to the website for more details.
OCBC Chinese New Year Gift Promotion
To usher in the Year of the Goat, OCBC is offering the following for its customers.
OCBC Bonus+ Savings Account
Enjoy up to 2.35% p.a. with minimum deposit of S$10,000.
There are some conditions to be met to enjoy the 2.35% p.a. interest. Basically, all funds in the Bonus+ Savings Account enjoy a monthly base interest of 0.05% p.a. If no withdrawals are made, the interest rate will be 0.60% p.a. for 2 months and 1.15% p.a. for the third month. If no withdrawals are made in the quarter and there is minimum $10,000 fresh funds deposit, the interest rate will be 2.35% p.a. for the third month.
The maximum effective interest rate for the account will be 1.18% p.a. and a fall below fee of S$2 is chargeable if minimum monthly balances fall below S$3,000. For more details, please refer to the website.
OCBC Premier Dividend Plus Savings Account
Enjoy up to 2.50% p.a. with minimum deposit of S$100,000
There are some conditions to be met to enjoy the 2.50% p.a. interest. Basically, all funds in the Premier Dividend+ Savings Account enjoy a monthly base interest of 0.05% p.a. If no withdrawals are made, the interest rate will be 0.65% p.a. for 2 months and 1.25% p.a. for the third month. If no withdrawals are made in the quarter and there is minimum $100,000 fresh funds deposit, the interest rate will be 2.50% p.a. for the third month.
The maximum effective interest rate for the account will be 1.27% p.a. and minimum monthly balances is S$0. For more details, please refer to the website.
Early Bird Gift
For the first 800 new customers, OCBC will be giving out an OCBC Limited Edition Clutch with Swarovski Crystals.
Additional Cash Credit
Enjoy additional S$388 or S$888 Cash Credit with minimum deposit of S$350,000 (first 350 customers) or S$800,000 (first 80 customers) respectively into your Premier Dividend+ Savings Account. Funds will be earmarked for a period of 6 months from date of deposit.
OCBC 12-month SGD Time Deposit
Prosperity Bundle
Enjoy up to 4.88% p.a. on a 3-month SGD Time Deposit when you sign-up for selected Unit Trust of minimum S$50,000 or Insurance products of minimum S$30,000.
Receive an exclusive gift when you purchase any of the following Wealth Products - Regular Premium Endowment Plans, Structured Deposits or Unit Trusts.
- 2g 999 Fine Gold Coin (worth S$190)
- Treasure Box (worth S$68)
- Robinsons shopping vouchers
Promotion is from now till 31 March 2015. Please refer to the website for more details.
OCBC Bonus+ Savings Account
Enjoy up to 2.35% p.a. with minimum deposit of S$10,000.
There are some conditions to be met to enjoy the 2.35% p.a. interest. Basically, all funds in the Bonus+ Savings Account enjoy a monthly base interest of 0.05% p.a. If no withdrawals are made, the interest rate will be 0.60% p.a. for 2 months and 1.15% p.a. for the third month. If no withdrawals are made in the quarter and there is minimum $10,000 fresh funds deposit, the interest rate will be 2.35% p.a. for the third month.
The maximum effective interest rate for the account will be 1.18% p.a. and a fall below fee of S$2 is chargeable if minimum monthly balances fall below S$3,000. For more details, please refer to the website.
OCBC Premier Dividend Plus Savings Account
Enjoy up to 2.50% p.a. with minimum deposit of S$100,000
There are some conditions to be met to enjoy the 2.50% p.a. interest. Basically, all funds in the Premier Dividend+ Savings Account enjoy a monthly base interest of 0.05% p.a. If no withdrawals are made, the interest rate will be 0.65% p.a. for 2 months and 1.25% p.a. for the third month. If no withdrawals are made in the quarter and there is minimum $100,000 fresh funds deposit, the interest rate will be 2.50% p.a. for the third month.
The maximum effective interest rate for the account will be 1.27% p.a. and minimum monthly balances is S$0. For more details, please refer to the website.
Early Bird Gift
For the first 800 new customers, OCBC will be giving out an OCBC Limited Edition Clutch with Swarovski Crystals.
Additional Cash Credit
Enjoy additional S$388 or S$888 Cash Credit with minimum deposit of S$350,000 (first 350 customers) or S$800,000 (first 80 customers) respectively into your Premier Dividend+ Savings Account. Funds will be earmarked for a period of 6 months from date of deposit.
OCBC 12-month SGD Time Deposit
Enjoy up to 1.30% p.a. when you deposit a minimum of S$20,000 in fresh funds
Enjoy up to 1.32% p.a. when you deposit a minimum of S$50,000 in fresh funds, exclusively for Premier customers only.
Enjoy up to 4.88% p.a. on a 3-month SGD Time Deposit when you sign-up for selected Unit Trust of minimum S$50,000 or Insurance products of minimum S$30,000.
Receive an exclusive gift when you purchase any of the following Wealth Products - Regular Premium Endowment Plans, Structured Deposits or Unit Trusts.
- 2g 999 Fine Gold Coin (worth S$190)
- Treasure Box (worth S$68)
- Robinsons shopping vouchers
Promotion is from now till 31 March 2015. Please refer to the website for more details.
UOB Lunar New Year Savings Promotion
This is the time of the year when banks start dangling carrots at depositors to attract their deposits via the various Lunar New Year promotions.
You can get up to 1.2% p.a. interest (total interest) your UOB Passbook Savings and UOB Uniplus Accounts.
Enjoy up to 1.1% p.a. bonus rates on top of prevailing deposit rates on Incremental Fresh Funds Deposit balance during the promotion period, from the date of deposit up to 28 February 2015.
Early Bird Gift
Receive a limited edition 24K Gold-Plated RISIS Noble Goat Figurine (valued at S$238) with S$108,000 fresh funds deposit. Do note that the funds will be earmarked for a period of 2-months from date of deposit.
Promotion is until 28 February 2015. Please visit the website for more details.
You can get up to 1.2% p.a. interest (total interest) your UOB Passbook Savings and UOB Uniplus Accounts.
Enjoy up to 1.1% p.a. bonus rates on top of prevailing deposit rates on Incremental Fresh Funds Deposit balance during the promotion period, from the date of deposit up to 28 February 2015.
Fresh
Funds Deposit*
|
Bonus Rates*
(p.a.)
|
S$15,000 to S$50,000
|
0.70%
|
Above S$50,000 to S$100,000
|
0.90%
|
Above S$100,000
|
1.10%
|
Account
Balance
|
Prevailing
Interest Rates (% p.a.)
|
First
S$15,000
|
0.05%
|
Next
S$85,000
|
0.05%
|
Next
S$250,000
|
0.05%
|
Above
S$350,000
|
0.10%
|
Early Bird Gift
Receive a limited edition 24K Gold-Plated RISIS Noble Goat Figurine (valued at S$238) with S$108,000 fresh funds deposit. Do note that the funds will be earmarked for a period of 2-months from date of deposit.
Promotion is until 28 February 2015. Please visit the website for more details.
Wednesday, 14 January 2015
UOB SGD 13-Month SGD Fixed Deposit Promotion
Enjoy 1.1% p.a.* interest on a 13-month fixed deposit.
Simply deposit minimum fresh funds of S$20,000 with UOB.
Promotion runs till 31 January 2015. Please visit the website for more details.
Simply deposit minimum fresh funds of S$20,000 with UOB.
Tenor
|
Promotional Interest Rate*
(p.a.)
|
13-month
|
1.10%
|
Promotion runs till 31 January 2015. Please visit the website for more details.
Thursday, 8 January 2015
Cord Blood Banking - Should You Spend the Money?
Storage of baby's umbilical cord blood in a private cord blood bank for family's own personal use in the future is a choice made by both parents and is typically very costly. Currently, it costs S$6,000 on average for storage up to age 21 of the baby. Some private banks also offer banking of the cord lining. If parents want to take both up as a form of "insurance" for the child or a sibling, you are looking at expenses of around S$12,000. Due to the costs involved, private cord blood banking is not financially feasible for many families.
In Singapore, we have 3 private banks, namely:
1. Cordlife - processed and stored over 45,000 cord blood units as of 21 Mar 2014 and 13 cases of successful release of cord blood units (over 250 including itsw associates)
2. Stemcord - processed and stored more than 35,000 cord blood units and 12 cases of successful release of cord blood units
3. Cryoviva - newly established in 2013.
Public banks accept donations to be used for anyone in need. The percentage of public bank donations discarded as medical waste is estimated to be between 60 to 80%. The registries impose very stringent criteria such as taking blood volume and cell count into account before storage, and only samples that meets international public cord blood banking guidelines can be stored.
In Singapore, we have the Singapore Cord Blood Bank (SCCB). Since inception in 2005, the SCCB has facilitated 162 transplants, both locally and internationally. As of 31 July 2013, it has a cord blood inventory of over 9,000 cord blood units available for Haematopoietic Stem Cell Transplants (HSCT).
Research has shown that there is an extremely low probability that the donor should ever need or benefit from his/her own cord blood unit as it may already carry the genetic abnormality that led to the blood disorder or immune system failure. In fact, the American Academy of Pediatrics strongly supports public over private cord blood banking because there is "no data to support the benefits of private cord blood banking at the current time".
Hence, choosing to bank your child's cord blood is an insurance against two highly improbable scenarios of either another family member needs the cord blood or the probability of new uses for cord blood in regenerative medicine or cell therapy.
Besides the research that I did online, I also consulted my obstetrician and a haematologist friend of my significant other who gave the same answer. "Donate it to a public cord blood bank." Hence, the decision was made and the money saved will go into baby's education fund instead.
Which one will you choose?
In Singapore, we have 3 private banks, namely:
1. Cordlife - processed and stored over 45,000 cord blood units as of 21 Mar 2014 and 13 cases of successful release of cord blood units (over 250 including itsw associates)
2. Stemcord - processed and stored more than 35,000 cord blood units and 12 cases of successful release of cord blood units
3. Cryoviva - newly established in 2013.
Public banks accept donations to be used for anyone in need. The percentage of public bank donations discarded as medical waste is estimated to be between 60 to 80%. The registries impose very stringent criteria such as taking blood volume and cell count into account before storage, and only samples that meets international public cord blood banking guidelines can be stored.
In Singapore, we have the Singapore Cord Blood Bank (SCCB). Since inception in 2005, the SCCB has facilitated 162 transplants, both locally and internationally. As of 31 July 2013, it has a cord blood inventory of over 9,000 cord blood units available for Haematopoietic Stem Cell Transplants (HSCT).
Research has shown that there is an extremely low probability that the donor should ever need or benefit from his/her own cord blood unit as it may already carry the genetic abnormality that led to the blood disorder or immune system failure. In fact, the American Academy of Pediatrics strongly supports public over private cord blood banking because there is "no data to support the benefits of private cord blood banking at the current time".
Hence, choosing to bank your child's cord blood is an insurance against two highly improbable scenarios of either another family member needs the cord blood or the probability of new uses for cord blood in regenerative medicine or cell therapy.
Besides the research that I did online, I also consulted my obstetrician and a haematologist friend of my significant other who gave the same answer. "Donate it to a public cord blood bank." Hence, the decision was made and the money saved will go into baby's education fund instead.
Which one will you choose?
Hong Leong Finance Fixed Deposits Promotion
To celebrate Singapore's 50th birthday, Hong Leong Finance is offering attractive promotional rates for placement of fresh funds with them.
Please refer to the website for more details.
Interest Rates (p.a.) for Fresh Funds
| |||
Amount
|
1-month
|
2-month
|
3-month
|
S$25,000 to < S$100,000
|
0.80%
|
0.90%
|
1.00%
|
S$100,000 to < S$200,000
|
0.90%
|
1.00%
|
1.10%
|
S$200,000 to S$5,000,000
|
1.00%
|
1.10%
|
1.20%
|
Please refer to the website for more details.
Maybank SGD Time Deposits Promotion
Happy New Year everyone! Hope the new year brings you lots to look forward to!
Maybank is offering attractive promotional rates with their Singapore Dollar Time Deposits. Besides getting your interest the next day, you will also receive a Corningware 6-piece Meal Maker set "Dancing Floral" (worth S$145) with a minimum placement of S$150,000 for 24 months.
This promotion is applicable for Shariah compliant Term Deposit-i.
Please refer to the website for more details.
Maybank is offering attractive promotional rates with their Singapore Dollar Time Deposits. Besides getting your interest the next day, you will also receive a Corningware 6-piece Meal Maker set "Dancing Floral" (worth S$145) with a minimum placement of S$150,000 for 24 months.
Tenure
|
Promotional Rates
| |
Minimum S$25,000
|
Minimum S$50,000
| |
12-month
|
1.10%
|
1.35%
|
18-month
|
1.18%
|
1.45%
|
24-month
|
1.28%
|
1.55%
|
This promotion is applicable for Shariah compliant Term Deposit-i.
Please refer to the website for more details.
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