tag:blogger.com,1999:blog-1907231003206534428.post4280940186298163980..comments2009-11-27T01:00:06.890+08:00Kayhttp://www.blogger.com/profile/10880809899222016666noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-1907231003206534428.post-34655106391324125502009-11-27T01:00:06.890+08:002009-11-27T01:00:06.890+08:00Hi Musicwhiz,<br /><br />Currently, the rates for fixed deposits are competitive with SGS unfortunately. So there are not too many choices for us to park our money currently. Like I always said, banks are for shareholders so it is understandable that they are exploitative so that profits can be maximized.<br /><br />KayKayhttp://www.blogger.com/profile/10880809899222016666noreply@blogger.comtag:blogger.com,1999:blog-1907231003206534428.post-64931852618276477812009-11-23T23:32:37.010+08:002009-11-23T23:32:37.010+08:00I read this article with a mixture of disgust and amusement.<br /><br />Disgust because banks are so exploitative that they would rather give you a paltry 0.125% than offer you better rates, even though they can probably afford it. They use SIBOR as an excuse for everything - how convenient.<br /><br />Amused because it is actually not difficult to get a return higher than 3-4% if one bothers to do some research. Even SGS pays much better than bank deposits and there is hardly any default risk. The idea is to select a very stable company with decent yield and park some money there. Yes there is some risk involved but then it&#39;s manageable risk.<br /><br />Cheers,<br />MusicwhizMusicwhizhttp://www.blogger.com/profile/10950754156386935254noreply@blogger.com