[MONEY] Good Interest FD/TD (as of 26th November 2007)

An update to my earlier post "[MONEY] Comparing FD/TD Rates", these are IMO the best rates today, for your comparison.

$

Interest Rates (% p.a.) of Fixed/Time Deposits
as of 26th November 2007
(Promotional as of 1st October 2007)
10-month: 2.50% p.a.
18-month: 2.55% p.a.
24-month: 2.75% p.a.
minimum deposit required = SGD$10,000
(Festive Promotional F.D.)
12-month: 2.05% + cushion cover set
24-month: 2.28% + cushion cover set
deposit required = S$20,000 to S$49,999

Hong Leong Finance
(Special 36-month Promotion)
36-month: 2.80%
minimum deposit required = S$28,000

Above listed banks/finance companies are registered under MAS and subscribed to Singapore Deposit Insurance Company (SDIC) to protect your principal sum up to a maximum of S$20,000.00. See all listed members of SDIC.
With the participation in SDIC, it is therefore important to know that should your deposit be more than S$20,000.00, e.g. S$25,000.00. Should anything happen to the bank/finance company, only the S$20,000 is insured and returned in full, while the remaining S$5,000 is not insured, and up to the individual to file claims to the liquidator. People who want to "play the game" safely, can consider depositing up to the maximum of S$20,000.00.

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