Any recommand for less risk investment or fixed bank deposit? - Page 4 - Singapore's Online Community

**monkeybusiness** · 15-07-2007, 09:27 PM

	Quote:			Originally Posted by legendtale
	thks for the info. so eg. i found this http://www.sgs.gov.sg/announce/bill-announce.html if i want, i gotta go down b4 16/7 12noon to purchase it? how do i know the i/r or dividend they r giving? POSB can?

in accordance to the example quoted above, i don't think the closing date is meant for you. If for example, you go to the bank on 16/7 morning, your application may not reach the authorities on time!!

Therefore, you should have applied for it the moment this announcement was made, which was last thursday, 12/7.
You can go down to the bank on friday, 13/7 too. No problem.

Now, you can only apply for the next upcoming Treasury bill, which will be announced on this coming thursday, 19/7. Either you go down to the bank on 19/7 afternoon, or you can go on friday, 20/7. This is to make sure that your application reaches the authority on time on monday 23/7.

After submitting your application on thursday (we use thursday as an example), you just have to wait till monday evening then go to the sgs website to view what is the actual yield that you will be getting. After getting to know what is the yield you are going to receive, the amount will be deducted from your bank acount on 26/7 and the full face value will be returned to you on the maturity date.

I asked POSB before, no..you can't apply for treasury bills there. However, their parent bank (DBS) is able to do it.

Hope i am clear in my explaination. I am very weak when it comes to explaination. Sorry for any confusion caused (if there's any)...

**monkeybusiness** · 15-07-2007, 09:28 PM

	Quote:			Originally Posted by legendtale
	http://www.standardchartered.com.sg/...xtrasaver.html xtrasavers there is a annual fee of $15 Deposit Amount Interest rates Less than $6,000 0.15% p.a. $6,000 and above 0.65% p.a. $20,000 and above 0.85% p.a. $50,000 and above 1.05% p.a. $200,000 and above 1.25% p.a. Is there a charge for cheque books? The first cheque book is free and thereafter, there is a charge of $1 5(excluding GST) per cheque book (50 cheques).

hmmm...it seems that you are answering your own question here.

**legendtale** · 15-07-2007, 09:38 PM

	Quote:			Originally Posted by monkeybusiness
	hmmm...it seems that you are answering your own question here.

LOL, i copy from the FAQ lah, cos previous posts got talk abt esaver and someone suggesting xtrasavers to me. so just post here for info.

cos i dun find extrasaver useful for me. to withdraw using atm, i still need to transfer from esaver to xtrasaver then i can withdraw. if i park my cash in xtrasaver, the i/r is not attractive.

thks for your explanation on treasury bills. it is very clear.

**monkeybusiness** · 15-07-2007, 09:46 PM

	Quote:			Originally Posted by legendtale
	LOL, i copy from the FAQ lah, cos previous posts got talk abt esaver and someone suggesting xtrasavers to me. so just post here for info. cos i dun find extrasaver useful for me. to withdraw using atm, i still need to transfer from esaver to xtrasaver then i can withdraw. if i park my cash in xtrasaver, the i/r is not attractive. thks for your explanation on treasury bills. it is very clear.

i think if you find that it is a hassle of opening xtrasaver together with esaver, then perhaps you can just open esaver account, then when you need the money, you just transfer it to another bank's account. But do take note that such inter-bank transfers take usually about 2 to 3 working days to process.

**legendtale** · 15-07-2007, 09:51 PM

ya i know, had my esaver a/c for 2 yrs liao

**legendtale** · 21-07-2007, 02:39 PM

just an update on Tbills.

went DBS today (Sat), they accept the application and will submit on my behalf on coming Thu. So i dun need to really go down to the bank on Thu/Fri only.

**monkeybusiness** · 21-07-2007, 04:40 PM

	Quote:			Originally Posted by legendtale
	just an update on Tbills. went DBS today (Sat), they accept the application and will submit on my behalf on coming Thu. So i dun need to really go down to the bank on Thu/Fri only.

Thanks for the update.
Wonder if UOB does the same for consumers. Will check it out and post here when I am going to apply for my next T bill.
Just applied for one yesterday.

**vinc_vls** · 21-07-2007, 09:04 PM

Hi, I had question regarding TBill. The application announcement is usually on Thusday and the closing date for the application is on the following Monday. Which means i muz applied through bank between Thursday-Saturday, wat if i was unable to apply during this 3 days? :confused2:

**monkeybusiness** · 22-07-2007, 09:15 AM

	Quote:			Originally Posted by vinc_vls
	Hi, I had question regarding TBill. The application announcement is usually on Thusday and the closing date for the application is on the following Monday. Which means i muz applied through bank between Thursday-Saturday, wat if i was unable to apply during this 3 days? :confused2:

you can apply through poems as well
provided that you have an account with them.
but bear in mind that they will deduct a spread from the actual yield that you are getting as this is their commission for allowing you to purchase from them.
If i am not wrong, the spread is about 0.15%. (someone please corect me if i am wrong as i do not purchase through poems)

so if annoucement of t-bill yield from MAS is 2.2%, the actual yield that you will get is 2.05%.