A lady from UOB called me yesterday and offer me a savings account with 3% interest rate. Only limitation is locked down for 3 years.
I asked the lady why is UOB so desperate for cash? You guys can offer mortgage for 1% and yet give out 3% rates for deposits. After that I told her about the moody warning plus all the FED tapering news. I've decided that 3% is not worth the risk to place money in any local banks. :s11:
I asked the lady why is UOB so desperate for cash? You guys can offer mortgage for 1% and yet give out 3% rates for deposits. After that I told her about the moody warning plus all the FED tapering news. I've decided that 3% is not worth the risk to place money in any local banks. :s11: