Went to Tampines branch yesterday wanting to open a joint account but was informed of the upcoming new changes to the plan from November 2018. Was told that in order to earn BOTH base interest and bonus interest, there must be min $70k in the account. For amounts < $70k, the account will only earn the current bonus interest (i.e counter 1 0.1%, counter 2 0.2% etc) and there is no base interest earned. Also, the base interest for those with min $70k will only become 70% of Sibor (compared to the current 80%).
Feeling very sians cos I just open a single account 2 months back and only at counter 2 this month. I am also unable to meet a min $70k in November. For my case, the interest earned is really pathetic. Any alternatives to consider, pls. Would appreciate any advice.
Feeling very sians cos I just open a single account 2 months back and only at counter 2 this month. I am also unable to meet a min $70k in November. For my case, the interest earned is really pathetic. Any alternatives to consider, pls. Would appreciate any advice.