HWZ Forums

Login Register FAQ Mark Forums Read

Deposits (non FD) to consider to manage concentration risks

Like Tree12Likes
Reply
 
LinkBack Thread Tools
Old 04-07-2020, 10:27 PM   #16
Supremacy Member
 
testingabc's Avatar
 
Join Date: Sep 2013
Posts: 9,043
Have opened too many accounts in recent days. Life used to be simpler with just a few bank accs.

My placements (from high to low rates):

1. SingLife
2. DBS Multiplier
3. Dash Earn
4. Etiqa Elastic
5. HSBC EGA
6. RHB HY Plus
7. SIF GoSaver
8. HLB Isavings

Once my HSBC EGA cycle ends this month, it will another round of shifting...
Wah Korkor so rich,
I only have CIMB Fastsaver, SIF GoSaver and SingLife. Maybank iSavvy, iSavvy-i and POSB is only $500

Will be considering RHB HY Plus once CIMB Fastsaver promotion ends~
__________________
iCatch CCTV Help / CIMB Fastsaver Referral
PM me if needed
testingabc is offline   Reply With Quote
Old 04-07-2020, 10:48 PM   #17
Member
 
Join Date: May 2017
Posts: 492
Currently, for no hoops, no frills bank/financial deposits, looks like... RHB HYSA Plus are in the sweet spot.

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%
How to open account online for this RHB High-Yield Savings Account Plus? Or can only open account physically at branch?

Any minimum balance to maintain to avoid fall below fee?

Cannot find much information at RHB website.
Han Shot First is offline   Reply With Quote
Old 04-07-2020, 11:10 PM   #18
Senior Member
 
Join Date: Aug 2012
Posts: 958
How to open account online for this RHB High-Yield Savings Account Plus? Or can only open account physically at branch?

Any minimum balance to maintain to avoid fall below fee?

Cannot find much information at RHB website.
Download RHB Sg mobile app to sign up.
F1ngolf2012 is offline   Reply With Quote
Old 05-07-2020, 11:36 AM   #19
Senior Member
 
Join Date: Aug 2012
Posts: 958
Wah Korkor so rich,
I only have CIMB Fastsaver, SIF GoSaver and SingLife. Maybank iSavvy, iSavvy-i and POSB is only $500

Will be considering RHB HY Plus once CIMB Fastsaver promotion ends~
Yongsaver avatar tells the story.
F1ngolf2012 is offline   Reply With Quote
Old 05-07-2020, 01:24 PM   #20
Senior Member
 
yongsaver's Avatar
 
Join Date: Jun 2015
Posts: 800
Yup! Past few months, definitely more work to earn our interest.
On HSBC EGA, can you not open another new EGA?
if bitten by snake once, scared of bushes liao.
yongsaver is offline   Reply With Quote
Old 05-07-2020, 01:39 PM   #21
Supremacy Member
 
Join Date: Dec 2005
Posts: 8,253
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?
chiokcc is offline   Reply With Quote
Old 05-07-2020, 06:47 PM   #22
Senior Member
 
Join Date: Aug 2012
Posts: 958
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 is offline   Reply With Quote
Old 05-07-2020, 06:50 PM   #23
Senior Member
 
Join Date: Aug 2012
Posts: 958
Deposits (non FD) to consider to manage concentration risks

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
F1ngolf2012 is offline   Reply With Quote
Old 05-07-2020, 07:03 PM   #24
Supremacy Member
 
Join Date: Feb 2009
Posts: 5,737
if bitten by snake once, scared of bushes liao.
bro how is your case? good outcome?
Squaredot is offline   Reply With Quote
Old 05-07-2020, 07:20 PM   #25
Senior Member
 
yongsaver's Avatar
 
Join Date: Jun 2015
Posts: 800
bro how is your case? good outcome?
Got senior chap called. Still in process. I think should be favourable.
yongsaver is offline   Reply With Quote
Old 06-07-2020, 12:41 PM   #26
Supremacy Member
 
Join Date: Feb 2009
Posts: 5,737
Got senior chap called. Still in process. I think should be favourable.
ho say lah
Squaredot is offline   Reply With Quote
Old 06-07-2020, 01:48 PM   #27
Arch-Supremacy Member
 
Join Date: Nov 2015
Posts: 19,906
Have $50k due next mth. Where best to place just for one yr? No investment kind.
qhong61 is offline   Reply With Quote
Old 06-07-2020, 01:59 PM   #28
Master Member
 
Join Date: Jan 2015
Posts: 3,426
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%
S1mpleGuy is offline   Reply With Quote
Old 06-07-2020, 02:03 PM   #29
High Supremacy Member
 
reddevil0728's Avatar
 
Join Date: Dec 2005
Posts: 35,578
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?
reddevil0728 is offline   Reply With Quote
Old 06-07-2020, 02:32 PM   #30
Master Member
 
Join Date: Jan 2015
Posts: 3,426
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
S1mpleGuy is offline   Reply With Quote
Reply
Important Forum Advisory Note
This forum is moderated by volunteer moderators who will react only to members' feedback on posts. Moderators are not employees or representatives of HWZ. Forum members and moderators are responsible for their own posts.

Please refer to our Terms of Service for more information.


Thread Tools

Posting Rules

Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are On