.jpg)
HSBC Singapore has gotten many people to queue up at their various branches by only offering 2%. Again the promotion was so overwhelming, HSBC has to prematurely end it today.
Whereas back in July, SCB paid more at 2.28%. To read about SCB's offer click http://investingwithedgar.blogspot.com/2008/07/scb-was-it-shrewd-piece-of-business.html
With economic activities at a slow pace, why is HSBC willing to pay beyond the market rate for a big chunk of 12-month money at this time? Could they not borrow from the interbank market? Why? Why?
P/S - UOB Bank offers its preference shares at 5.05%. Are there long queues for the shares too?
