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May 25, 2015

Hong Leong Bank Deposit Account Rates

Singapore Branch Hong Leong Bank Deposit Account Rates

Welcome to Singapore Savings Account Rates blogspot dot com where our team will share the best, the latest and the most up-to-date 2015 Singapore Hong Leong Bank Deposit Account rates in today's post.

Hong Leong Bank Deposit Account rates quoted on Singapore savings accounts for 2015 are shared with you for personal use only. Always double confirm savings account interest rates with the respective banks before you invest your money.


Hong Leong Bank Deposit Account Rates :

Placement In Applicable Currency Amount (Fresh Funds)

12-Month Interest Rates (% p.a.)

SGD

25,000 to 49,999 = 1.40%

50,000 to 99,999 = 1.50%

100,000 & above = 1.60%


Savings account interest rates are subject to change without prior notice at discretion of the bank or finance company in 2015. You need to assess the suitability of these financial products for your personal financial portfolio.

Thanks for reading Singapore Savings Account Rates, to stay in touch with the latest, the best and the highest savings account interest rates updates in Singapore.

The Team

May 21, 2015

Applying for Singapore Savings Bonds

Applying for Singapore Savings Bonds

Applying for Singapore Savings Bonds

Singapore, 11 May 2015

The Monetary Authority of Singapore (MAS) released more information on how investors can buy and redeem Singapore Savings Bonds. MAS expects the first Savings Bond to be issued in the second half of 2015. MAS will announce the programme launch date at least one month before applications for the first issuance open.

2 Savings Bonds are a new type of Singapore Government Securities (SGS) designed to offer individuals a long-term, flexible savings option with safe returns. They will provide individuals with more options to save and invest to meet their long-term financial needs.

Getting started

3 To apply for Savings Bonds, individuals will need:

a. A bank account with one of the participating banks (currently DBS/POSB, OCBC or UOB1); and

b. An individual Central Depository (CDP) Securities account with direct crediting service (DCS). DCS allows Savings Bond payments to be made directly to the individual’s DCS-linked bank account. Individuals need to be at least 18 years old to open an individual CDP Securities account. To find out how to open a CDP Securities account or activate DCS for an existing CDP Securities account, please refer to www.sgx.com/cdp/faq.

4 Individuals who wish to invest in Savings Bonds should ensure that they have the necessary bank and CDP accounts over the next few months before the Savings Bonds are launched.

Application and redemption periods

5 A new Savings Bond will be issued monthly. Applications for each Savings Bond issue will open on the first business day of each month and close four business days before the end of the month. Requests to redeem existing bonds can be made during the same period.

6 All application and redemption requests will be processed three business days before month’s end. Savings Bonds will be issued on the first business day of the next month and redemption proceeds will be processed by the second business day.

Applying for and redeeming Savings Bonds

7 Individuals will be able to apply for and redeem Savings Bonds through DBS/POSB, OCBC or UOB ATMs; or via DBS/POSB internet banking channels. Bank charges may apply. Applications and redemption requests must be made in multiples of $500, and Savings Bonds will only be available for purchase using cash.

8 Individuals will be able to apply for each Savings Bond issue with as little as $500, and up to $50,000. In addition, individuals will be able to hold up to $100,000 of Savings Bonds at any point in time. This will meet the needs of the vast majority as more than 90% of individual bank deposit accounts have balances of $100,000 or lower.

Allocation of Savings Bond

9 MAS will announce the issuance size for each Savings Bond issue before application opens. Should the total demand for Savings Bonds exceed the amount on offer in a particular month, MAS will allocate the bonds so as to maximise the number of successful applicants. (Please refer to this Application Factsheet for more information on the allotment process.) Individuals who do not receive their full allotment may wish to apply for the next issue.

Learning more about Savings Bonds

10 Investors should consider all the features of Savings Bonds before making their applications. To help investors understand the features of the Savings Bonds, MAS will set up a dedicated Savings Bonds website and a public hotline for enquiries ahead of the launch of the programme. In the meantime, individuals may refer to frequently asked questions (FAQs) on Savings Bonds at the Monetary Authority of Singapore website.

1 More banks may participate in the Savings Bond programme later.


The Team

May 1, 2015

Maybank iSavvy Savings Account Promotion

Maybank iSavvy Savings Account Promotion

We look at Maybank iSavvy Savings Account Promotion in Singapore today.

Maybank iSavvy Savings Account Promotion come with terms and conditions. You should be clear about these complexities.

Maybank iSavvy Savings Account Promotion interest rates quoted on Singapore savings accounts for 2015 are shared with you for personal use only. Always double confirm savings account interest rates with the respective banks before you invest your money.

Earn up to 1.40% p.a. on Maybank iSAVvy Savings Account promotion.

Earn an attractive rate of up to 1.40 % p.a. on your iSAVvy Savings Account. Deposit a minimum of S$20,000 in your account to get started.

Fresh Funds Deposit (S$) Bonus Rates | Base Rates | Total Rates
(% p.a.) (% p.a.) (% p.a.) (A) (B) (A+B)

20,000 to < 50,000 =0.9 =0.3 =1.2

 50,000 to < 200,000 =0.9 =0.38 =1.28

 >= 200,000 =0.9 =0.5 =1.4

Interest/dividend rates are subject to change without notifications.

Savings account interest rates are subject to change without prior notice at discretion of the bank or finance company in 2015. You need to assess the suitability of these financial products for your personal financial portfolio.

Thanks for reading Singapore Savings Account Rates, to stay in touch with the latest, the best and the highest savings account interest rates updates in Singapore.

The Team