Would you agree that we should not take board rates or fixed deposit pegged rates, given that banks can arbitrarily set those rates in their favour without basis?

Would you agree that we should not take board rates (OCBC) / fixed deposit pegged rates (DBS) given that banks can arbitrarily set those rates in their favour without basis?

AMA Mortgage Master

Discussion (1)

What are your thoughts?

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Mortgage Master

20 Jan 2021

Hi John, thanks for the question!

Every home loan rate has its pros and cons. However, some rates have more pros and some rates have more cons. -_*

We won't say too much on this forum, but we do share more about board rates on our blog here:

Board Rate? What Does This Mean and Should You Take One? - Mortgage Master Blog

And we share about fixed deposit pegged rates here:

Fixed Deposit Linked Rates - The Secrets Within - Mortgage Master Blog

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Syfe cash+ guaranteed rates is better than banks’ fixed deposit rates. Even thou it’s shorter tenure, but the rate is so much more attractive. Anyone can share why is this so?

Which banks take fixed deposits from supplementary retirement scheme funds?

For private property there is leverage of taking a loan from the bank up to 35% loan ratio, would you agree that it is better than just the 2.5% non-leveraged?

When given a choice between full payment or pay by instalment without interest, which would be a better option? What are some considerations to take note of?

What bank offers best fixed deposit rate for $6 million to $6.5 million for the period of one year in singapore ?

Syfe cash+ guaranteed rates is better than banks’ fixed deposit rates. Even thou it’s shorter tenure, but the rate is so much more attractive. Anyone can share why is this so?

Which banks take fixed deposits from supplementary retirement scheme funds?

For private property there is leverage of taking a loan from the bank up to 35% loan ratio, would you agree that it is better than just the 2.5% non-leveraged?

When given a choice between full payment or pay by instalment without interest, which would be a better option? What are some considerations to take note of?

What bank offers best fixed deposit rate for $6 million to $6.5 million for the period of one year in singapore ?