havetheveryfun
High Supremacy Member
- Joined
- Jul 16, 2010
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warning has been there all along, new comers will be badly affected.
just havee to make a trip down to close acc thats all loh
warning has been there all along, new comers will be badly affected.
just havee to make a trip down to close acc thats all loh
The drop will be 0.1 x average SIBORWith 150k inside how much will interest drop ?
Any penalty for closing less than 6 mths ?
omg... i dun have 70k to put inside... haiz, time to withdraw out and cancel acct.
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150K & 70K i dont have
if no 70K mean no interest? have to close ah?
Eligible for bonus counter interest only
once new terms confirmed, i m gonna reduce my joint account balance to $10, sacrificing the 2 counters earned so far ...
Why $10 ? Fall below fee if less than 10k ?
with this new cap coming in jan. starting a new account that amount still worth it mah? or advise switch to something for the saving will be better?
Yeah loh. May be they already done study and predict Sibor will go up further. If it reaches 1.7, which is not very unlikely, base interest will still maintain at around 1.2%.Almost 3 years since I started this thread! Lots of fellow members here have been profiting a lot since then, me included. Sad that they will be cutting i/r to 70% of SIBOR and increasing min sum to 70k, but I believe impact is minimal. 10% of SIBOR is only 0.16%...
Fall below fee i thought is 15k? Anyway i will wait for official announcement on their webpage before transferring out as me dun have 70k... website still states the old tnc tho.Why $10 ? Fall below fee if less than 10k ?
it makes the opportunity cost that much higher ...
does it make sense to open with 15k, avoid fall below, earning just 0.1% incremental monthly, letting counter accumulate, then top up in 10-12 months time ?
with this new cap coming in jan. starting a new account that amount still worth it mah? or advise switch to something for the saving will be better?