Archive for January 6th, 2012
There are many banks in Singapore but in his article we talk about the three top banks which give the best interest rates in Singapore. The interest rates vary periodically and you have to check the latest rates from the bank website. Read on to know more.
One of the top banks is the DBS Bank that is incorporated in Singapore. The previous name of the bank was The Development Bank of Singapore Limited. The new name was adopted in 2003. The role of the bank has changed through out the years. The bank was set up in 1968. They have their offices in China, Dubai, India, Hong Kong and many other countries. They offer their customers the best interest rates. They have various schemes customized to individual customer needs. The customer can deposit a minimum amount of S$1000. The person with the fixed deposit account can also access the ATM card. The account is automatically renewed with the same interest rates unless the customer has instructed otherwise. The best fixed deposit rates over here for twelve months of an amount of S$1000 to S$9,999 is at the rate of 0.45 %. The head office of this bank is 6 Shenton Way, DBS Building Tower One Singapore 068809.
Another premier bank in Singapore is HSBC. It is one of the earliest banks to be established in Singapore. It offers its customer a wide range of services. It was first established in December 1877. Today it is known as the world’s famous local bank. However to open a fixed deposit account over here people have to open an account that has a balance of minimum S$5000.It has got flexible deposit scheme with attractive interest rates. In most cases the deposits are automatically renewed. The interest rate over here for 12 months would be 0.48% for the amount of S$5000 to S$ 49,999. Over here one can get the highest interest rates. For further details you can visit their office at 21 Collyer Quay HSBC Building Level 2 Singapore 049320 from 9.30 am to 5.00 pm from Monday to Friday.
OCBC bank in Singapore is one of the leading financial institutions in Asia. They have got a large range of services for their clients. The minimum amount to open a fixed deposit account is S$5000. The best interest rate for a period of 24 months for the amount of S$5000 to S$20,000 is 0.7000.The rates are calculated in % per annum. For further details anybody can contact 65 Chulia street #01-00 OCBC center Singapore 049513.
Posted in Fixed Deposit Accounts & Certificates | 
Tags: Dbs Bank, Dubai, Fixed Deposit Rates, Local Bank, Shenton Way, Singapore Limited, Tower One, Twelve Months | No Comments »
When was the last time you bought a faulty product? When was the last time received faulty and unfinished service by a business? Do you know of any cases where a company got sued because of faulty products and services? Those are a few questions that everyone can easily answer, because chances are it has happened to everyone at least once.
Businesses and corporations normally try to deliver the best products and services to consumers. However, in reality this doesn’t always happen. In fact, a business can very easily get into legal trouble because of faulty products and incomplete services. In this case, liability insurance takes over the task of handling any issue that arises.
Specifically, the insurance company will cover any damages (mainly in the economic form) that may appear because of a lawsuit that is filed against the business. Additionally, the insurance will cover all legal costs.
There are three main types of liability insurance. Although all three belong within the liability insurance bounds, each one has a specific purpose and covers specific cases.
General Liability Insurance: This form of business insurance covers injury claims, property damages or advertising claims. Businesses can survive on this type of insurance only, and it is the most common type of liability insurance for businesses.
Professional Liability Insurance: This insurance covers problems that may arise because of errors, negligence or omissions. Certain professions such as doctors and technology consultants might be obliged to have this type of insurance in some areas.
Product Liability Insurance: This insurance type handles injuries caused to an individual due to a faulty product that was manufactured by the business. The range of coverage, as well as the level of risk, depends on the type of business.