POSB Invest Saver

makav31i

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May I know when did you sign up the RSP?

Mine almost 3 years ago but no rebates.

First ever contribution is in Oct 2013...But got stop and redeem in between...Only this year I started increasing my contribution every 3 months...
 

MikeDirnt78

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First ever contribution is in Oct 2013...But got stop and redeem in between...Only this year I started increasing my contribution every 3 months...

So I believe there must be some redemption and resumption recently to qualify for the rebates.

I have not stopped, resumed or increased anything.
 

makav31i

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So I believe there must be some redemption and resumption recently to qualify for the rebates.

I have not stopped, resumed or increased anything.

Which rebates are you referring to?The multiplier cashback or PayLah? I got for both and have no idea why...
 

SBC

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So I believe there must be some redemption and resumption recently to qualify for the rebates.

I have not stopped, resumed or increased anything.

Does the increase in the monthly buy reset the 12-mth counter?
 

makav31i

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Let me try to complete my Paylah profile. It was 75% complete for quite some time. I think this is the reason.

Perhaps that could be the reason...Maybe when I get my next PayLah rebate, I will tell you to check if you received yours...
 

MikeDirnt78

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peipei1

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Thanks man!

I hope I can still qualify. I read the T&C that I must setup the account within 14 days. I opened the PayLah account in February but did not complete the profile till today.

https://www.posb.com.sg/iwov-resources/media/pdf/invest/tnc-governing-dbs-rsp-promo.pdf

Have you received it after you completed the step up?
If still nope, try to edit the invested amount, take as a re-balancing, i have received rebates for 3 or 4 times already, not a big amounts it just feels shiok for our own in house commission free ETF, no need fancy Schwab or Fidelity.
I just come to realization you can transfer the paylah rebates back into our DBS account as pure cash! :s13:
 

Clone_

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received the letter for month of august for newly setup RSP.

NIKKO AM SINGAPORE STI ETF
Gross Sales Charge (%) 0.82%
Net sales charge amount $0.50

for $100

image.png

Website says 1%, inside ibanking says 0.82%
 

MikeDirnt78

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Have you received it after you completed the step up?
If still nope, try to edit the invested amount, take as a re-balancing, i have received rebates for 3 or 4 times already, not a big amounts it just feels shiok for our own in house commission free ETF, no need fancy Schwab or Fidelity.
I just come to realization you can transfer the paylah rebates back into our DBS account as pure cash! :s13:

Not yet. Probably next 2 weeks. I believe the rebates will be credited once a month.

Anyway I don't put too much hope in the rebates. It is a bonus if any.

And I don't wish to meddle or screw up the plan just to earn rebates.
 

linuskltan

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I am current invested in POSB InvestSaver - NikkoAM STI ETF. Is there a way to transfer my ETF holdings out from DBS to CDP or another Broker's custodian Account.

Or is doing a full redemption an then re-purchasing it via another Broker the only way?
 

makav31i

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makav31i

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