[nono1973]

Originally Posted by nitecrawllerr

Theres a catch at MBB. If not mistaken every 10K u need to dep 1K in ur saving account. And saving account gave u board rate which is peesai. So u place 50K in FD u also need to dep 5K in ur savings account and u cant withdraw it till ur FD mature.

Yes, thats the 2.22% package and the least i expected their offers only last about a week only. I am guess, they had probably met their quota, hence took that package down.

Their current 2.1% is the same, but it eventually can only be added to less than 2%.

Originally Posted by nitecrawllerr

Local banks like DBS/POSB is the worst and most conservative bank. Miserable FD rates. Normally i dont bother to look at their website.

Hehehe...cannot agree more. But i dont go to their site too, i watch the exchange rate from the likes of dollars and sense websites. They gave me an overview technically every bank's special offered fix deposit packages,hehehe...

Originally Posted by retirebatam

Yes you are rite, therefore although it is stated as 2.22% per annum but the fix deposit rate including taking into account the amount placed in the saving account with low interest rate,average out everything is actually about 2.05%.

But one good unique thing about Maybank is that it pay the customer upfront the interest on the next working day instead of wait one year later for a 12 month fix deposit. The interest obtained early can then be invested in other investments.

Maybank so far has the highest fix deposit interest rates.

I thought i was lucky to catch the OCBC's structured deposit last year at 2.05% (2% for 1st 3 years and 2.05% for next 3) and earlier this part of 2019 of the 2.1% one,whereby my money would be held for a full 6 years in each deal.

All in all, i think the Maybank's 2.22% is still the best deal. Since my money will only be held for a mild one year. Next year today, i will have a little bit more money to spend in Batam,hehehe...

Originally Posted by Myhorizon

But then Rupiah value is always dropping throughout the eternity years.

My 40 Batam trip summaries has told me that too. Imagine, 6 odd years ago exchange rates was somewhere around 8700/SGD (plus minus that), this year the exchange rate was around 10400/SGD. Close to 20% drops,hehehe...and what happens after another 6 years?

Then again, the rental for Nagoya Mansion studio apartment didnt go up a dime from 6 years ago too (Nagoya Mansion is only stated here as an example). As a matter of fact, it went down a little. So if can keep enough spare rupiah in fix deposit to regulate enough interest to feed the rental...its not exactly a bad idea. But i will have to know that my 100 million rupiah (which is about S$11 494, base on 8700/SGD) i fixed 6 years ago will turn into about S$9615 base on 10400/SGD on 2019.

So now, beside just buying an apartment in Batam, i have another option. Nothing's really concrete as yet tho as i am still looking out for option/s, preferably safer, sounder and in hope it would leads to some win-win sustainability for myself.

Keeping tabs and sharing thoughts, hehehe...