Finally, DBS's 1 month Eurodollar deposit yields a positive risk premium over US 1 month T-bill.

https://www.dbs.com.sg/personal/rates-onlin...d-deposits.page

1 month USD uninsured deposit at DBS yields 4.39% p.a. (link above).

Using 30/360 day count convention in US T-bill market, converting 4.17% p.a. discount rate* to bond equivalent yield (i.e. comparable to DBS FD convention) will result in 4.18%, thus approximately a 20 bp counterparty risk spread has emerged between DBS USD FD and US 1M T-bill.

*4.17% p.a. discount rate quoted from CNBC: https://www.marketwatch.com/investing/bond/...?countrycode=bx

This post has been edited by TOS: Mar 17 2023, 01:25 PM

Latest onshore HKD FD promotions, from 香港明报 Money Monday 200323:

The risk spread has widened even further. DBS now quoting 4.52% p.a. for 1 month over 1M US T-bill's 3.9x % p.a. About 60bp spread.

UOB and OCBC USD 1 month rates are around 4.2-4.28% p.a. respectively.

CIMB SG cuts 6 months offer rates, now it's flat.

Tenure (Months)	PERSONAL BANKING Online Promo Rate (% p.a.)	PREFERRED BANKING Online Promo Rate (% p.a.)
6	3.45	3.50
9	3.45	3.50
12	3.45	3.50
18	3.45	3.50

*Both column figures are for S$10,000 & Above

Sourced from lzydata/HWZ: https://forums.hardwarezone.com.sg/threads/...#post-146935024

This post has been edited by TOS: Apr 1 2023, 07:11 PM

Exclusive Fixed Deposit Promotion
Get 3.88%^ p.a interest on an 8-month Singapore Dollar Fixed Deposit with min. S$10,000 Fresh Funds.

UOB Orchard Branch Opening Specials (8 April & 15 April 2023)
https://www.uob.com.sg/assets/pdfs/uob-orch...ing-e-flyer.pdf

Sourced from lzydata on HWZ.

RHB Singapore raises their 6mth and 1 year SGD FD to 4.1 and 4% (for premier banking) (3.9% for personal banking).

https://rhbgroup.com.sg/rhb/personal/fixed-deposit-campaign

Info sourced from HWZ.

CNA: Fixed deposit interest rates dip in Singapore amid uncertain economic outlook

https://www.channelnewsasia.com/singapore/f...g-leong-3435226

----------------------------

HLF cut their FD promotion rates.

Deposit Amount	5-month	10-month
S$20,000 to < S$50,000	3.25%	3.30%
S$50,000 and above	3.45%	3.50%

Published rates are as of 12 Apr 2023.

https://www.hlf.com.sg/personal/promotions/...pore.php#promo1

-----------------------------------

ICBC SG has also cut shorter tenors but raised for 6/9 months.

SGD​ Promotion Rates​

Tenor	Over the Counter (SGD20,000 & Above)	Via E-Banking (SGD500 & Above)
1 month	2.90%	2.95%
3 months	3.60%	3.65%
6 months	3.60%	3.65%
9 months	3.60%	3.60%
1 year	3.60%	3.60%

https://singapore.icbc.com.cn/ICBC/%E6%B5%B...s/FixedDeposit/

Source: HWZ

BOC SG FD rates:



https://www.bankofchina.com/sg/bocinfo/bi3/...4_22944188.html

Source: MastersIT/HWZ

BOC SG Personal SGD Time Deposit Promotion Rates (20230502)

(Effective from 2 May 2023)

https://www.bankofchina.com/sg/bocinfo/bi3/...8_22976524.html

Source: Squaredot/HWZ

RHB Singapore cut FD rates dramatically... 6M and 12M now 3.5% p.a.

https://rhbgroup.com.sg/rhb/personal/fixed-deposit-campaign

Source: HWZ

This post has been edited by TOS: Apr 29 2023, 09:49 AM

UOB SGD FD: 2 May to 31 May 2023, 6months and 10months, min $10,000: 3.45%pa

Source: m_dogg/HWZ

If you mean Malaysians in general, then no, I can place an FD in DBS for example. Maybank SG allows Malaysians to place FD too.



In general, if saving account is opened, then FD should also be fine. Not aware of any exceptions for SG banks.

Ah, you mean open without pass. Ok ok.

Without pass, choice is indeed limited, only aware of CIMB SG and Maybank SG, same situation as opening a bank account in SG.

OCBC "restarted" offering CPF OA FD for a few weeks, then stopped again... quietly stopped some more...

https://forums.hardwarezone.com.sg/threads/...#post-147413868

Really chinaman bank style...

Source: pclow59/HWZ, 联合早报

This post has been edited by TOS: May 5 2023, 01:22 PM

HK overnight HIBOR spiked to 4.81% p.a. yesterday, a 16-year high. HKD liquidity tightening.

Small-medium banks all upped their short-term FD rates.

Even virtual banks followed suit. PAOB 3-month FD rate raised to 3.7%, upped 50 basis points. Welab's rate upped 110 basis points to 3.6% p.a.

https://finance.mingpao.com/fin/daily/20230...%a9%ba%e9%96%93

UOB 6-month and 12-month deposit rates drop to 3.1% p.a. Min fresh fund 10k SGD.

Sourced from lzydata/HWZ.

HKD and USD promo FDs for HK banks:



Sourced from 香港明报 Money Monday 220523.

lol those promo FDs are meant for new users/fresh funds only. The starting amount isn't small either. 10k-30k USD in some cases.

You will need a HK address and HK identity card to open an account at most HK banks. For banks which require online account opening, their apps may not be available at other jurisdictions like Malaysia (i.e., you need to connect to HK VPN of fly to HK and connect to Internet there for the app to be shown on your phone's app store).

UOB 6-month and 10-month rates down to 2.9% p.a from 3.1%. Expect huge competition for 6 month T-bills...

https://forums.hardwarezone.com.sg/threads/...#post-147874605