Dear readers, amidst the current lacklustre stocks markets, if you would like to have your monies earn harder, you may wish to consider fixed deposits which pay decent high returns. Currently, there is one Fixed Deposit offer which allows depositors to earn up to 1.90% per annum interest.
This Fixed Deposit is none other than the Standard Chartered SGD Time Deposit. From 1 September 2019 to 30 September 2019, for a minimum fresh funds of S$25,000; depositors could earn a promotional rate of 1.80% or 1.90% (for Priority Banking Preferential Rate) with a holding period of 6 months or 10 months.
Now, the above beats the current yield of the Singapore Savings Bonds at 1.64% (first-year return) or 1.75%% (based on the average ten-year return). But investors interested in the aforementioned product from Standard Charted should know that the actual return is actually for non-Priority Banking Preferential Rate: 0.90% (for 6 months holding period) or 1.50% (for 10 months holding period).
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