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HSBC Investing

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  1. #11
    bdw
    bdw is offline

    Join Date
    Feb 2009
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    Standard Chartered have been offering reasonable term deposit rates for existing customers the last 6 months, and all using their mobile app so I have been able to take advantage of them from overseas. They were offering 1.5% for $100k for 3 months. I did this a few times.

    Just logged into the app now and they are only offering 0.6% now. 0.7% over $1m. Seems they have reduced it. Still better to put any savings you have into one of these for 3 months than have it sit in your regular account. Even better now that it can be done in a few seconds on the app, no need to fart around in the branch.


  2. #12

    Join Date
    Nov 2005
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    Quote Originally Posted by traineeinvestor:
    Don't know about the volume of interbank lending but would assume it's fairly significant. In any case, a huge volume of loans are linked to HIBOR - including mortgages, bonds and revolving credit facilities.
    with retail customer yes, but not between banks my estimation.. that's why the Libor is getting closed down by end of 2021... hibor should be similar in terms of interbank usage.

  3. #13

    Join Date
    Jul 2020
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    5
    Quote Originally Posted by bdw:
    Standard Chartered have been offering reasonable term deposit rates for existing customers the last 6 months, and all using their mobile app so I have been able to take advantage of them from overseas. They were offering 1.5% for $100k for 3 months. I did this a few times.

    Just logged into the app now and they are only offering 0.6% now. 0.7% over $1m. Seems they have reduced it. Still better to put any savings you have into one of these for 3 months than have it sit in your regular account. Even better now that it can be done in a few seconds on the app, no need to fart around in the branch.
    can you touch the money during those 3 months?

  4. #14

    Join Date
    Apr 2019
    Posts
    245
    Quote Originally Posted by bdw:
    Standard Chartered have been offering reasonable term deposit rates for existing customers the last 6 months, and all using their mobile app so I have been able to take advantage of them from overseas. They were offering 1.5% for $100k for 3 months. I did this a few times.

    Just logged into the app now and they are only offering 0.6% now. 0.7% over $1m. Seems they have reduced it. Still better to put any savings you have into one of these for 3 months than have it sit in your regular account. Even better now that it can be done in a few seconds on the app, no need to fart around in the branch.
    1.5% annually not over 3 month right?
    shri likes this.

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