BOC SmartSaver

[FrontierX]

I think esaver is too much hassle. Need to keep transferring and there is a fall below fee. I don't mind keeping it in BOC if it's really 1%

Still using boc cause I got good synergy between account and card.

Boc card giving me 7% for dining!

 

[fortunecat]

But put in e$aver can last for 2mths only work assuming you put in there during the promotion starts. After 2 mths, need to shift out again. And shift back into another e$avers assume u got another account.

eSavers always do this kind bonus inerest on incremental amount. Like that is basically encouraging people to empty their account once promotion is over and only put money when the promotion comes.

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[lewissac]

eSavers always do this kind bonus inerest on incremental amount. Like that is basically encouraging people to empty their account once promotion is over and only put money when the promotion comes.

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And you need to deposit or withdraw on the first day of the promotion period to maximise ADB calculation the interest is based on ADB differences.

 

[Joseph99]

i have applied for BOC debit card. i tried to use it at e-axs but i did not receive any OTP .. does any1 encountered the same ?

 

[edens_guards]

i have applied for BOC debit card. i tried to use it at e-axs but i did not receive any OTP .. does any1 encountered the same ?

There should be a button to click to receive the OTP.

 

[Joseph99]

There should be a button to click to receive the OTP.

i clicked but no OTP send to my phone .. guess i have to call the CSO ...

 

[LingBit]

Hello, would need some advice. Was originally thinking of opening a CIMB fastsaver account for the 1% interest after BOC reaches 60k, however since there is this change in dec where the amount above 60k also has 1% interest, it seems like there is no need to open the fastsaver account now. Or is there any other savings account that has better interest, but salary credit and cc spend is not needed? Read that there is eSaver, but it seems like it is based on the incremental amount, so I would need to withdraw and deposit monthly?
Also, if the BOC is a joint account, under the DI scheme, any amount to 100k is safe right?
Thanks!

 

[Trazora]

Hello, would need some advice. Was originally thinking of opening a CIMB fastsaver account for the 1% interest after BOC reaches 60k, however since there is this change in dec where the amount above 60k also has 1% interest, it seems like there is no need to open the fastsaver account now. Or is there any other savings account that has better interest, but salary credit and cc spend is not needed? Read that there is eSaver, but it seems like it is based on the incremental amount, so I would need to withdraw and deposit monthly?
Also, if the BOC is a joint account, under the DI scheme, any amount to 100k is safe right?
Thanks!

For eSaver can transfer to another eSaver account (open one if you dun have a 2nd eSaver account) at the start of the new promotional period (typically 2 months). The funds transferred to the 2nd eSaver is considered fresh funds compared to the reference month (month before the promotional period).

If BOC is joint account and no other BOC banking account for both the joint acount holders, then 100k is insured.

 

[fortunecat]

For eSaver can transfer to another eSaver account (open one if you dun have a 2nd eSaver account) at the start of the new promotional period (typically 2 months). The funds transferred to the 2nd eSaver is considered fresh funds compared to the reference month (month before the promotional period).

If BOC is joint account and no other BOC banking account for both the joint acount holders, then 100k is insured.

But if totally no promotion ongoing, isn't it better to transfer to other bank like your BOC rather than leaving it in one of the eSavers acct?

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[Trazora]

But if totally no promotion ongoing, isn't it better to transfer to other bank like your BOC rather than leaving it in one of the eSavers acct?

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Of course this is on the assumption that the promotional rates for eSaver continues.

 

[fortunecat]

Of course this is on the assumption that the promotional rates for eSaver continues.

Ok I dun know the actual situation, you mean this thing has been ongoing continously? i.e. every two months they are giving the high interest for incremental amount?

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[Trazora]

Ok I dun know the actual situation, you mean this thing has been ongoing continously? i.e. every two months they are giving the high interest for incremental amount?

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Yes, ongoing for a couple of years

 

[solitudinal]

i have applied for BOC debit card. i tried to use it at e-axs but i did not receive any OTP .. does any1 encountered the same ?

Believe you need to log into your iBanking to link your debit card as well, also check that your mobile number SMS OTP is activated.

 

[midnightGG711]

Answering you last qn: for joint account, 10k is insured.
You can enjoy the 1%, but need at least one of the card spend/salary/bill...

Hello, would need some advice. Was originally thinking of opening a CIMB fastsaver account for the 1% interest after BOC reaches 60k, however since there is this change in dec where the amount above 60k also has 1% interest, it seems like there is no need to open the fastsaver account now. Or is there any other savings account that has better interest, but salary credit and cc spend is not needed? Read that there is eSaver, but it seems like it is based on the incremental amount, so I would need to withdraw and deposit monthly?
Also, if the BOC is a joint account, under the DI scheme, any amount to 100k is safe right?
Thanks!

 

[midnightGG711]

Hi, I'm coming back to update what I learned from their CSO. If you can credit your salary and your wife's. They will look at the combined salary amount. So yup you are right, can fulfill 6K salary in that way.

Thanks for the reply! Actually I meant, is it possible for my wife and I to credit both our salaries into the joint account (total > $6k) to fulfill the salary criteria for 1.2%? Just want to confirm before I tell my HR to credit my salary to the joint account

 

[fortunecat]

Hi, I'm coming back to update what I learned from their CSO. If you can credit your salary and your wife's. They will look at the combined salary amount. So yup you are right, can fulfill 6K salary in that way.

But max is still only 60k for the interest. It's better to open one acct each even if salary can't hit 6k individually?

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[Trazora]

But max is still only 60k for the interest. It's better to open one acct each even if salary can't hit 6k individually?

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Good idea to combine salary if total savings less than $60k.

 

[islandFanR]

Keep less than $50k safer leh

 

[fortunecat]

Keep less than $50k safer leh

Should be not so suay ba haha

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[midnightGG711]

That's true. Probably for those who have multiple salary credits( maybe commission based), they can exploit the 3.55%.

But max is still only 60k for the interest. It's better to open one acct each even if salary can't hit 6k individually?

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