Correction, just checked HSB online function is bit patchy, you have to select the period and press recalculate button which will offer 2.4% for six months but the same button is not working for 4-month deposit which they claim in the promotional offer..
Last edited by nivantj; 10-10-2019 at 10:42 AM.
DBS online promo goes to 2.4 for six months for HKD + some bonus cash.
USD goes up to 2.05 for 3 months.
I suspect better rates might be available through the branch or RM.
Last edited by shri; 10-10-2019 at 10:56 AM.
Time to borrow $100million at 1.8% interest, put it in a FD at 2.4%. Interest expense is $1.8m, interest earned is $2.4m. Woohooo I just made a quick $600,000 with zero risk and doing sweet fuck all!!!
jrkob could give better explanation..