🔑 Key Highlights:
- Standard Chartered’s Marathon Step-Up offer interest rates: 3.3% for October, 3.4% for November, and 3.5% for December.
- OCBC 300 promo code still works for fixed deposits, offering 3% interest for 3 months with a minimum deposit of $30,000.
- HSBC and CIMB are offering competitive interest rates for fixed deposits, with HSBC offering 3% interest for 2 years and CIMB offering interest rates for deposits above $5,000.
💡 Main Discussion Points:
- The Standard Chartered Marathon Step-Up offer has sparked interest among forum members, with some debating its merits and discussing the possibility of putting money into both this offer and the HSBC offer.
- The importance of maintaining a minimum balance of $5,000 on the last day of the month to qualify for bonus interest has been highlighted.
- OCBC’s 300 promo code has been shared, and its 3% interest rate for 3 months with a minimum deposit of $30,000 has been discussed.
- The pros and cons of using insurance companies like FWD versus banks like HSBC for fixed deposits have been debated.
📋 Important Details:
- The CIMB offer requires a minimum deposit of $5,000 to qualify for bonus interest.
- The HSBC offer requires opening an Everyday Global account and maintaining a minimum balance of $2,000 before placing a fixed deposit.
- The deadline for participation in the CIMB and Standard Chartered offers has not been specified.
- The OCBC 300 promo code is still available and can be used to receive 3% interest for 3 months with a minimum deposit of $30,000.
💭 Community Insights:
- Forum members have shared their experiences with using the CIMB and Standard Chartered offers, highlighting the importance of maintaining the required minimum balance to qualify for bonus interest.
- Some forum members have expressed confusion about the CIMB offer’s terms and conditions, and have advised others to carefully review the terms before participating.
- The importance of diversifying one’s investments and not putting all eggs in one basket has been emphasized.
⚠️ Things to Note:
- Early withdrawal penalties for the CIMB and HSBC offers have not been specified, and forum members have been advised to carefully review the terms and conditions before participating.
- The possibility of changes to interest rates or terms and conditions has been highlighted, and forum members have been advised to stay vigilant and monitor their accounts.
Additional Resources:
- For more information on the CIMB offer, please visit https://www.cimbbank.com.sg/.
- For more information on the HSBC offer, please visit https://www.hsbc.com.sg/.