Scheduled Maintenance - POSB

Scheduled Maintenance

We are constantly upgrading our systems to bring you a more pleasant banking experience. During the mentioned period of scheduled maintenance, some of the services will not be available:

iBanking
Date	Maintenance Period	Services under Maintenance
28 Mar 2015	1000hrs to 2000hrs	System Maintenance - Online Equity Trading (OET)
29 Mar 2015	0020hrs to 0025hrs 0355hrs to 0400hrs	System Maintenance - MCSA Funds Transfer, and Portfolio Enquiry
29 Mar 2015	0020hrs to 0440hrs	System Maintenance - Online Equity Trading (OET)
04 Apr 2015	0330hrs to 0530hrs 2046hrs to 2215hrs	System Maintenance Credit / Debit Card New Credit Card Application Additional Credit Card Application Debit Card Application DBS One TAP application Application Status Overview Document Upload EStatements View EStatements Contact US Personal Inbox Compose Sent Mail Funds Transfer Overseas Add Payee / Send Money (Send Money to Overseas Bank Account) Enquire on Transactions (Send Money to Overseas Bank Account) Add Payee / Send Money (DBS India Remit) Enquire on Transactions (DBS India Remit) Add Payee / Send Money (DBS Indonesia Remit) Enquire on Transactions (DBS Indonesia Remit) Add Payee / Send Money (DBS China Remit) Enquire on Transactions (DBS China Remit) My Preferences Alerts
10 May 2015	0330hrs to 0530hrs 2045hrs to 2215hrs	System Maintenance Credit / Debit Card New Credit Card Application Additional Credit Card Application Debit Card Application DBS One TAP application Application Status Overview Document Upload EStatements View EStatements Contact US Personal Inbox Compose Sent Mail Funds Transfer Overseas Add Payee / Send Money (Send Money to Overseas Bank Account) Enquire on Transactions (Send Money to Overseas Bank Account) Add Payee / Send Money (DBS India Remit) Enquire on Transactions (DBS India Remit) Add Payee / Send Money (DBS Indonesia Remit) Enquire on Transactions (DBS Indonesia Remit) Add Payee / Send Money (DBS China Remit) Enquire on Transactions (DBS China Remit) My Preferences Alerts

mBanking
Date	Maintenance Period	Services under Maintenance
04 Apr 2015	0330hrs to 0530hrs 2046hrs to 2215hrs	System Maintenance Funds Transfer Overseas Add Payee / Send Money (Send Money to Overseas Bank Account) Enquire on Transactions (Send Money to Overseas Bank Account) Add Payee / Send Money (DBS India Remit) Enquire on Transactions (DBS India Remit)

iB - Trading Services
Date	Maintenance Period	Services under Maintenance
28 Mar 2015	1000hrs to 2000Hrs	System Maintenance - iB trading services

- wong chee tat :)

SIBOR rises above 1% in sign that mortgages could rise further

SIBOR rises above 1% in sign that mortgages could rise further

POSTED: 24 Mar 2015 13:21

The three-month Singapore interbank offered rate (SIBOR) at 1.00129 per cent on Tuesday (March 24) is the first time it rose above the 1 per cent mark in more than six years.

SINGAPORE: A key benchmark lending rate rose above the 1 per cent level for the first time in more than six years, indicating that mortgage rates will increase further in coming weeks.

The three-month Singapore interbank offered rate (SIBOR) was fixed at 1.00129 per cent on Tuesday (March 24), according to Association of Banks in Singapore (ABS) data posted on Bloomberg, up 0.9 per cent from Monday's fixing of 0.99216 per cent. The rate has been climbing steadily since end-December when it stood at around 0.45 per cent.

Many home loans in Singapore are pegged to SIBOR. For instance, Oversea-Chinese Banking Corp (OCBC) has a home loan package that charges an interest rate 0.85 percentage point above three-month SIBOR. If SIBOR rises, the interest rate will also increase. OCBC will review the rate every three months based on movements in SIBOR.

Singapore interest rates have been on the rise, in line with expectations that the US Federal Reserve will increase interest rates this year.

The weakening of the Singapore dollar against its US counterpart has also pushed rates higher since investors need more incentive to hold onto the local currency. The Singapore dollar is currently trading at around S$1.37 to the greenback, from around S$1.32 at the end of last year.

- CNA/kk

- wong chee tat :)

New savings bonds for individual investors to be introduced

New savings bonds for individual investors to be introduced

POSTED: 26 Mar 2015 13:50

The planned Singapore Savings Bonds will be safe investments with principal guaranteed by the Government and will have features to make them more attractive for individual investors.

SINGAPORE: The Government and Monetary Authority of Singapore (MAS) are planning to introduce a new type of bonds to help individual investors get a better return on their savings, Senior Minister of State for Finance Josephine Teo said on Thursday (Mar 26).

Speaking at the annual conference of the Investment Management Association of Singapore (IMAS), Ms Teo said the planned Singapore Savings Bonds will be safe investments with principal guaranteed by the Government.

These bonds will have two features to make them more attractive for individual investors: The ability to get his or her money back in any given month with no penalty, and interest rates that are linked to long-term Singapore Government Securities rates.

Unlike bonds that pay the same coupon each year, the Singapore Savings Bonds will pay coupons that “step-up” or increase over time, providing investors with a higher return the longer they hold the bonds, she added.

"In short, the Singapore Savings Bonds will offer the higher returns of a long-term bond and give what investors call a term premium, while retaining the flexibility of a shorter-term deposit, and the safety of an instrument guaranteed by the Government," she said.

Ms Teo said the Government and MAS are still working on the details and will release more information later.

- CNA/ac


- wong chee tat :)

Om Mani Padme Hum

Om Mani Padme Hum


- wong chee tat :)