Deposits (non FD) to consider to manage concentration risks

[chiokcc]

Looking through the HWZ threads, thought I list down the banks/finance company and insurance linked day2day deposits (non FD) we could consider to manage concentration risks according category:

Banks/Finance company without hoops
1. Maybank iSavvy/Prestige (2 month promo cycle)
2. SCB eSaver (2month promo cycle)
3. CIMB Fastsaver/Starsaver
4. SIF Gosaver
5. RHB HYSA Plus

Banks/Finance company with hoops
1. DBS Multiplier
2. HSBC EGA Set Up
3. BOC Smartsaver
4. SCB BonusSaver
5. OCBC 350
6. UOB One

Insurance-link
1. Singlife - $10k@ 2.5%
2. Etiqa Elastiq/SAVE3
3. DASH Easyearn

Last but not least, CPF OA contribution/housing refund for those near or after 55.

Feel free to add or refine above list. More helpful if you share your good practices and experiences for the benefits of all.

I think it's OCBC 360, not 350 ...

Also, Citibank have no attractive options?

 

[F1ngolf2012]

if bitten by snake once, scared of bushes liao.

Hope that you have healed from the snake bite.There are a number of snake killer in HWZ.

 

[F1ngolf2012]

I think it's OCBC 360, not 350 ...
Also, Citibank have no attractive options?

Good catch on OCBC 360.

Banks/Finance company with hoops
1. DBS Multiplier
2. HSBC EGA Set Up
3. BOC Smartsaver
4. SCB BonusSaver
5. OCBC 360
6. UOB One

 

[Squaredot]

if bitten by snake once, scared of bushes liao.

bro how is your case? good outcome?

 

[yongsaver]

bro how is your case? good outcome?

Got senior chap called. Still in process. I think should be favourable.

 

[Squaredot]

Got senior chap called. Still in process. I think should be favourable.

ho say lah

 

[qhong61]

Have $50k due next mth. Where best to place just for one yr? No investment kind.

 

[S1mpleGuy]

Have $50k due next mth. Where best to place just for one yr? No investment kind.

10k singlife 2.5%
20k dash easyearn 2%
20k elastiq 1.8%

 

[reddevil0728]

10k singlife 2.5%
20k dash easyearn 2%
20k elastiq 1.8%

Is dash easy earn similar to singlife? Capped at 20k but can withdraw anytime and is capital guaranteed.

For elastiq similar but can only withdraw after 90 days?

 

[S1mpleGuy]

Is dash easy earn similar to singlife? Capped at 20k but can withdraw anytime and is capital guaranteed.

For elastiq similar but can only withdraw after 90 days?

Yes except dasheasy withdrawal to bank has a fee of 70cents unlike singlife which is free. if u withdraw to the dash wallet then free

 

[qhong61]

10k singlife 2.5%
20k dash easyearn 2%
20k elastiq 1.8%

Elastiq one yr only?

 

[F1ngolf2012]

10k singlife 2.5%
20k dash easyearn 2%
20k elastiq 1.8%

If bank/finance company day2day deposit, then either SiF or RHB.

SiF Go-Saver Rates
First $10,000 1.00%
Next $50,000 1.05%
Next $50,000 1.10%
Next $50,000 1.15%
Above $160,000 1.20%
http://www.sif.com.sg/go-saver.php

RHB HYSA Plus Rates
First $50,000 1.05%
Next $25,000 1.55%
Next $25,000 1.85%
Above $100,000 0.60%
https://rhbgroup.com.sg/others/news...s-account-and-high-yield-savings-account-plus

Application via mobile app. Transfer via FAST. Transfer our daily limit $50k.

 

[F1ngolf2012]

Elastiq one yr only?

Current 1.8%p.a. fixed for 3 year.

 

[qhong61]

Current 1.8%p.a. fixed for 3 year.

Any one year only?

 

[S1mpleGuy]

Any one year only?

You can withdraw after 90days so it is considered 1 year too

 

[TerryPower]

SIF Go Saver drop already

https://www.sif.com.sg/go-saver.php

 

[F1ngolf2012]

SIF Go Saver drop already

https://www.sif.com.sg/go-saver.php

Aside from the tiered interest rates, I believe they realise the booboo on not putting a limit on the amount for the 1.2% interest above $160k for current rates.

 

[qhong61]

You can withdraw after 90days so it is considered 1 year too

Thanks. Where is the office?

 

[Devilsire]

10k singlife 2.5%
20k dash easyearn 2%
20k elastiq 1.8%



So after the above 3, the next best % shall be from RHB i guess?



https://rhbgroup.com.sg/others/news-...s-account-plus
High-Yield Savings Account Plus (EIR@1.375% up to 100k)
Deposit Balance Amount Interest Rates p.a. (wef 1 July 2020)
First $50,000 1.05%
Next $25,000 1.55%
Next $25,000 1.85%
Above $100,000 0.60%

 

[F1ngolf2012]

10k singlife 2.5%
20k dash easyearn 2%
20k elastiq 1.8%



So after the above 3, the next best % shall be from RHB i guess?



https://rhbgroup.com.sg/others/news-...s-account-plus
High-Yield Savings Account Plus (EIR@1.375% up to 100k)
Deposit Balance Amount Interest Rates p.a. (wef 1 July 2020)
First $50,000 1.05%
Next $25,000 1.55%
Next $25,000 1.85%
Above $100,000 0.60%

Yup! However, do take note that RHB is bank saving deposit whilst the rest are insurance link saving product.