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28th Aug 09

Hello Qotion Member,

It's the close of August and the weekend just a cinch away. Let's look to September and the final quarter for better returns this year.

We have the following Question of the Week for readers out there:

ARE LOCAL FIXED DEPOSIT RATES TOO LOW?

Latest News Headlines

LTA to halve $10,000 deposit for COE bids

New financial education body formed

Prime home prices may rise 18% by end 2010

Tan Kin Lian launches new consumer body

Demand for mass market homes stable:Wing Tai

I remember at the end of the first quarter, we polled the Qotion community about setting up of a Financial Services Consumers Association (FISCA). Thank you for the response then. It's official - FISCA is launched. There are some folks who have the means to contribute and the experience to guide fellow consumers, you can sign up at the website to help out using the link below:

http://www.fisca.sg/events

My personal favourite news headline of this week:

"Figures add up nicely for Great Eastern Life"

Yours Sincerely,
Michael Zhan
Founder, Qotion.com

Weekly Rates Updates

This week's top 5 credit lines

Bank of China MoneyPlus	1.406% p.m.
RBS Postline	1.44% p.m.
RBS Moneyline	1.44% p.m.
OCBC EasiCredit	1.48% p.m.
UOB CashPlus	1.48% p.m.

See More Rates

This week's top 5 personal loans

UOB Personal Loan 12 mths	9.99% p.a.
Citi PayLite Loan 24 mths	10.91% p.a.
UOB Personal Loan 48 mths	13.60% p.a.
HSBC Personal Loan 60 mths	15.00% p.a.
HSBC Personal Loan 84 mths	15.00% p.a.

See More Loans

This week's top 5 local time deposits

Maybank SGD(36 mths)	1.3125% p.a.
Stanchart SGD(60 mths)	1.25% p.a.
Maybank SGD(24 mths)	1.875% p.a.
Maybank SGD(12 mths)	0.875% p.a.
Maybank SGD(6 mths)	0.625% p.a.

See More Local Deposits

This week's top 5 foreign time deposits

OCBC AUS Dollar(12 mths)	4.0375% p.a.
OCBC AUS Dollar(6 mths)	3.1875% p.a.
OCBC AUS Dollar(3 mths)	2.7875% p.a.
OCBC AUS Dollar(2 mths)	2.6875% p.a.
OCBC AUS Dollar(1 mth)	2.5875% p.a.

See More foreign deposits

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