HWZ Forums

Login Register FAQ Mark Forums Read

Vivid Savings Account

Like Tree3Likes
Reply
 
LinkBack Thread Tools
Old 25-05-2020, 07:49 PM   #1
Master Member
 
peppermint7's Avatar
 
Join Date: Feb 2018
Posts: 3,308
Vivid Savings Account

Anybody using Vivid Savings Account ?

https://vividcard.sg/

1.3% for 10k-20k.
For above discussion
peppermint7 is offline   Reply With Quote
Old 25-05-2020, 08:14 PM   #2
Senior Member
 
Join Date: Nov 2002
Posts: 2,131
Whatís the point of this ? 1.3% can also get at isavvy and HL bank is 1.6% IIRC. Both of these accts also no hoops to jump .
iduncheckmail is offline   Reply With Quote
Old 25-05-2020, 08:16 PM   #3
Master Member
 
peppermint7's Avatar
 
Join Date: Feb 2018
Posts: 3,308
Whatís the point of this ? 1.3% can also get at isavvy and HL bank is 1.6% IIRC. Both of these accts also no hoops to jump .
Mayb if current interest rate continue to drop, this may become attractive.
Shutterfly likes this.
peppermint7 is offline   Reply With Quote
Old 25-05-2020, 08:20 PM   #4
Senior Member
 
TerryPower's Avatar
 
Join Date: Dec 2004
Posts: 1,180
i noticed this and was quite interested

but ocbc 360 higher (i know unfair to compare them )

as for extra cash, FD or short-term endowment seems more attractive

only pro i can think of is people who don't trust malaysia banks and must put money in singapore bank...
my mum is one of them, i took days to convince her that FD and short-term endowment in cimb/tiq are low risk


for me, i think vivid is great (but i not their customer) if you cannot convince your parents to trust cimb, maybank, hl, etc.
Shutterfly likes this.
__________________
i ish not clone, chiu believe?
TerryPower is offline   Reply With Quote
Old 26-05-2020, 05:57 AM   #5
Master Member
 
Join Date: Sep 2002
Posts: 4,982
Whatís the point of this ? 1.3% can also get at isavvy and HL bank is 1.6% IIRC. Both of these accts also no hoops to jump .
HL bank has minimum of $5000 to maintain.
Shutterfly is offline   Reply With Quote
Old 26-05-2020, 09:15 AM   #6
Master Member
 
Join Date: Nov 2002
Posts: 2,739
I think we cant compare this to Isavvy, UOB One where you need to hit certain criteria like Salary credit. This is more of a fuss free savings account like SingLife
Shutterfly likes this.
Extremme is offline   Reply With Quote
Old 26-05-2020, 09:27 AM   #7
Master Member
 
Join Date: Jan 2003
Posts: 3,679
I think we cant compare this to Isavvy, UOB One where you need to hit certain criteria like Salary credit. This is more of a fuss free savings account like SingLife
I tink u should not group isavvy with uob one as incremental adb is a common criteria.
wutawa is offline   Reply With Quote
Old 26-05-2020, 10:47 AM   #8
Master Member
 
Join Date: Sep 2002
Posts: 4,982
I think we cant compare this to Isavvy, UOB One where you need to hit certain criteria like Salary credit. This is more of a fuss free savings account like SingLife
I think SingLife is more fuss free.
Shutterfly is offline   Reply With Quote
Old 26-05-2020, 01:10 PM   #9
Senior Member
 
Join Date: Nov 2002
Posts: 2,131
Donít see the point of this product , if someone only has a small quantum in bank, then just choose one of the products from UOBone, OCBC360, DBSmultiplier, BOC smartsaver. If you only consolidate in one , then itís less onerous to fulfill criteria . Plus itís easier to access/manage your $$ in full operations local banks.
Even if you only manage to achieve 1% , thatís only $5 less interest per month compared to 1.3% @ 20k. You mean your convenience is not even worth $5?
If you have a large quantum to park and donít mind Low rates , you will max out the 20k limitation. Might as well park in esaver , isavvy , HLbank with higher limits.
iduncheckmail is offline   Reply With Quote
Old 19-06-2020, 06:03 PM   #10
Senior Member
 
Join Date: Jun 2019
Posts: 912
Put in don' need to do anything? Sounds not bad leh
NickLeeSY is offline   Reply With Quote
Old 19-06-2020, 06:04 PM   #11
Master Member
 
peppermint7's Avatar
 
Join Date: Feb 2018
Posts: 3,308
Mayb if current interest rate continue to drop, this may become attractive.
Now truly become attractive. Lol
peppermint7 is offline   Reply With Quote
Old 19-06-2020, 08:51 PM   #12
Senior Member
 
Join Date: Jun 2000
Posts: 977
This product has a big flaw compared to SingLife. You can Paynow/AXS/eNETS deposit your monies but you cannot FAST out your monies.

$3 fee per transaction for over the counter withdrawal which is waived until end of the year. Basically like a time deposit.

https://vividcard.sg/#faq
zoneguard is offline   Reply With Quote
Old 19-06-2020, 09:08 PM   #13
Senior Member
 
TerryPower's Avatar
 
Join Date: Dec 2004
Posts: 1,180
i think they can update this table
not criteria also higher than other banks

__________________
i ish not clone, chiu believe?
TerryPower is offline   Reply With Quote
Old 20-06-2020, 07:17 AM   #14
Master Member
 
Join Date: Nov 2010
Posts: 4,895
This product has a big flaw compared to SingLife. You can Paynow/AXS/eNETS deposit your monies but you cannot FAST out your monies.

$3 fee per transaction for over the counter withdrawal which is waived until end of the year. Basically like a time deposit.

https://vividcard.sg/#faq
This is big NO NO
Panerex is offline   Reply With Quote
Old 20-06-2020, 07:59 AM   #15
Supremacy Member
 
Join Date: Feb 2009
Posts: 5,775
This product has a big flaw compared to SingLife. You can Paynow/AXS/eNETS deposit your monies but you cannot FAST out your monies.

$3 fee per transaction for over the counter withdrawal which is waived until end of the year. Basically like a time deposit.

https://vividcard.sg/#faq
FAQ no mention of online withdrawal method
So every time have to visit a branch to do a withdrawal at $3 per txn?? Cannot FAST out my moola is a no no for me
Squaredot 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