Lastest S$ Deposit updates - Part 3

[bargin]

Where do you see this promo? Is it only for selected customers?

only by invite. please check the GXS thread ...
https://forums.hardwarezone.com.sg/threads/gxs-digital-bank.6857659/page-100

 

[FD Trinitron]

how do you create 2 Boost pockets of $60k each? I thought GXS has a cap of $75k (Main Account + all the pockets bal) .....

I just called their hotline, CSO recommended optimal amount is 50k, you deposit more than that you will get lower than 4.3%p.a., since the calculation of 4.3% is based on the $128 cashback with 50k fresh funds.
Can continue to discuss in the GXS thread.

 

[FD Trinitron]

The 4.3 is inclusive of the bonus cash back if you get it, within 30 business days of 22 Jan 2025 iirc

But like a no brainer though the cashback is not guaranteed, unlikely gxs will rug pull

CSO told me not to worry too much of the 1st come 1st serve thingy as the promo is only available to invited customers, so likely all invited customer will get the cashback.
Can continue to discuss in the GXS thread.

 

[swathe]

GXS -
rewards that’s sweeter than chocolate.

Deposit fresh funds into your GXS Savings Account by 22 Oct 2024 and hold it till 22 Jan 2025 to unlock sweet rewards:

Min. S$20K, earn S$28 cashback OR
Min. S$30K, earn S$58 cashback OR
Min. S$40K, earn S$88 cashback OR
Min. S$50K, earn S$128 cashback.

Tip: Earn 4.3% p.a. interest when you deposit S$50,000 into Boost Pocket and enjoy 3.28% p.a. interest (3 month tenure) plus S$128 cashback. You can create up to 2 Boost Pockets and fund up to S$60,000 across 2 Boost Pockets.

Open to all?

 

[Jov1623]

Open to all?

By invitation

 

[pratik28]

So basically earn up to 4.3% cap @ 60k+60k?

I just called their hotline, CSO recommended optimal amount is 50k, you deposit more than that you will get lower than 4.3%p.a., since the calculation of 4.3% is based on the $128 cashback with 50k fresh funds.
Can continue to discuss in the GXS thread.

Devilplate, should be 60k total across 2 pockets, like 40k+20k, etc
but FD Trinitron shared best strategy!

 

[pratik28]

Open to all?

Where do you see this promo? Is it only for selected customers?

Is by invite but I guess gradually more ppl recvng the invite or maybe gxs will send invite in batches with different promo dates

 

[~sabaisabai~]

eac

GXS -
rewards that’s sweeter than chocolate.

Deposit fresh funds into your GXS Savings Account by 22 Oct 2024 and hold it till 22 Jan 2025 to unlock sweet rewards:

Min. S$20K, earn S$28 cashback OR
Min. S$30K, earn S$58 cashback OR
Min. S$40K, earn S$88 cashback OR
Min. S$50K, earn S$128 cashback.

Tip: Earn 4.3% p.a. interest when you deposit S$50,000 into Boost Pocket and enjoy 3.28% p.a. interest (3 month tenure) plus S$128 cashback. You can create up to 2 Boost Pockets and fund up to S$60,000 across 2 Boost Pockets.

how many boost pocket we are eligible to create?

 

[bargin]

how many boost pocket we are eligible to create?

max 2 boost pocket

 

[~sabaisabai~]

max 2 boost pocket

thanks

 

[FD Trinitron]

what is the max amount? 60k?

If you put 60k, the interest is 50k @4.3% + 10k @3.28%, overall interest for 60k is 4.13%

 

[bargin]

thanks

Can continue to discuss in the GXS thread.

 

[alex22]

I used to withdraw cash in $1k notes but now with $50 notes, I don't think one can physically carry away large sums like $1M.

Can la. Doable. U can try to tell your RM in advance that you want to perform a large volume cash w/d on date and branch.
Most importantly is:
'Prepare 1mio in $2.00 denomination pls'

Do early before CNY pls

In other thoughts, why cash transaction?
Buying crypto in person?

 

[pratik28]

eac

how many boost pocket we are eligible to create?

ya 2 pockets, see how we can maximise but also liquidity needs as its like a FD, so say 2 pockets 40k and 20k or 30k each, than we can break only 1 pocket if needed

 

[vsvs24]

ya 2 pockets, see how we can maximise but also liquidity needs as its like a FD, so say 2 pockets 40k and 20k or 30k each, than we can break only 1 pocket if needed

Should put 50k in 1 boost. Keep the other spare one for future overlapping promo

 

[FD Trinitron]

Should put 50k in 1 boost. Keep the other spare one for future overlapping promo

50k need to split into 2 boost pockets.

 

[alex22]

I am willing to pay for your time if you can carry for me from one bank to the other, send me a PM!

For privacy and health reasons, I have to decline.
Maybe someone else would send you PM, stay hopeful!

My $20k celery from edmw is got attendance kpi.

I would recommend to hire a sturdy 14FT lorry with a boom crane.
Collection probably elsewhere.
Don't forget treat the outriders from Aetos to kopi ok.

If 1x $2 = like 0.3g = in the range of 600kg gross and can palletize + wrap.

 

[alex22]

ya 2 pockets, see how we can maximise but also liquidity needs as its like a FD, so say 2 pockets 40k and 20k or 30k each, than we can break only 1 pocket if needed

I plan to 2x 25k

 

[pratik28]

I plan to 2x 25k

in this case 30k+20k better option, so u can get higher cashback

Min. S$20K, earn S$28 cashback OR
Min. S$30K, earn S$58 cashback OR
Min. S$40K, earn S$88 cashback OR
Min. S$50K, earn S$128 cashback.

 

[sohguanh]

Should put 50k in 1 boost. Keep the other spare one for future overlapping promo

Problem is some ppl already have existing Boost Pocket 3.48% before they launch this new promo. For us we can only create one more. But for ppl that has zero Boost yes your strategy is good.