Best priority banking?

[cybercom8]

if only i can apply ... i work at airport ... can pop in for free lunch daily

think need to show boarding pass

 

[cybercom8]

dbs and scb still retain the rule of -$50 fine if drop below 200k rite?

i had withdrawn money from dbs and told the counter i wanna cancel dbs treasures, also informed my rm so. but until now internet log in still dbs treasures heading, dunno if they will fined me or notch.

dont think so...you transferred all to uob?

 

[zoossh]

dont think so...you transferred all to uob?

no, i still hab multiplier up to the sum that they desired me to kip. i also scared all eggs in one basket no good, so i kept minimal sum in uob and the rest in 7 other banks.

 

[cybercom8]

no, i still hab multiplier up to the sum that they desired me to kip. i also scared all eggs in one basket no good, so i kept minimal sum in uob and the rest in 7 other banks.

really admire your efforts to keep in 8 banks...last time my friend tried to keep $50K max in each bank but then realised not enough banks in singapore

dont' worry, those banks wont charge you...my friends went from 7 figures to below $100K also no charge till today. the only bank i know who auto charges is citibank because their system flags out the accounts below the minimum sum.

 

[wondrdoggie]

Actually, I find that PB status in any bank is roughly the same. Most valuable benefit to me is shorter queues at the branches though these days, I can do almost everything via internet banking.

The rates are very slightly better and sounds damn nice got RM to service you, but I think most pple realize you hardly hear from them and when you do, it's to sell you something. Investment products wise, no difference over other retail investors. As for all the credit card benefits, you can easily get the same by just applying for those cards without a PB relationship.

Banks created this PB tier to attract pple with some assets to park their money with them and get them to buy investment products. This exclusivity they all tried to create gives the illusion that it's like private banking. But it's world's apart in terms of service, rates and product offering.

And btw, I easily got annual fee waiver for my UOB VI card over the phone, no questions asked.

 

[sanzhu]

Guh ok ****

 

[sebastgt]

if only i can apply ... i work at airport ... can pop in for free lunch daily

Why not you chit chat with the counter girl whether need to show boarding pass and share the info?

I thought by swiping your Priority Pass, you are giving them business and the most is they check your passport to verify your identity. Asking to see your boarding pass is a service to alert you when the plane is flying off soon.

 

[zirhk3355]

Actually, I find that PB status in any bank is roughly the same. Most valuable benefit to me is shorter queues at the branches though these days, I can do almost everything via internet banking.

The rates are very slightly better and sounds damn nice got RM to service you, but I think most pple realize you hardly hear from them and when you do, it's to sell you something. Investment products wise, no difference over other retail investors. As for all the credit card benefits, you can easily get the same by just applying for those cards without a PB relationship.

Banks created this PB tier to attract pple with some assets to park their money with them and get them to buy investment products. This exclusivity they all tried to create gives the illusion that it's like private banking. But it's world's apart in terms of service, rates and product offering.

And btw, I easily got annual fee waiver for my UOB VI card over the phone, no questions asked.

Hi, can I check on your UOB VI card, what are the benefits? Do you get unlimited PP membership?
Checked the website but its private...by invitation only...

 

[KennyBlaze]

I am with DBS for a couple of months. So far experience is not that good, keep selling me investment products that are low credit rating, unity trust from Europe at this point of time, also universal life insurance that can potentially down to 0 if the investment return is low. I got a home loan from SCB for over a mil, showed DBS the rates from SCB but they cannot match...

 

[zirhk3355]

I am with DBS for a couple of months. So far experience is not that good, keep selling me investment products that are low credit rating, unity trust from Europe at this point of time, also universal life insurance that can potentially down to 0 if the investment return is low. I got a home loan from SCB for over a mil, showed DBS the rates from SCB but they cannot match...

So did you invest? I did, so pissed off, the portfolio dropped 5% (incl sales charge 1.75%) and haven't recovered since.

The RM literally disappeared after that, no more contact or very slow response on other inquiries / requests I putting in.

 

[califonia]

I was searching for best private banking and being lead to here.
Anyone know which banks offer better FD rate for pte customer?
Additional perks to it will be great!

So far, i know Maybank offer 1.55% with every 10% park in saving acct.

 

[sgdividends]

I was searching for best private banking and being lead to here.
Anyone know which banks offer better FD rate for pte customer?
Additional perks to it will be great!

So far, i know Maybank offer 1.55% with every 10% park in saving acct.

You are different league. This thread is priority, not private banking.

Anyway, im priority and 1.55% seems really low for private banking and u need to see lock in period and quantum u deposit also for comparison

 

[Laneige]

You are different league. This thread is priority, not private banking.

Anyway, im priority and 1.55% seems really low for private banking and u need to see lock in period and quantum u deposit also for comparison

wa uob only 1.08%s or something for high yield acc
only 3mths promo rate. no lock in etc
where to even get 1.55% for normal deposit, not looking at FD

 

[crossfitter]

So did you invest? I did, so pissed off, the portfolio dropped 5% (incl sales charge 1.75%) and haven't recovered since.

The RM literally disappeared after that, no more contact or very slow response on other inquiries / requests I putting in.

never buy any fund/unit trust from a bank that has a sales charge. the sales charges just goes back to the bank and the RM as a commission for selling it to you. Look at the prospectus, I am pretty sure the expenses ratio of the fund would be on the high side as well...which means less return to you as an investor.

If you have bought an equivalent European ETF that is traded on the markets, you would not have lost out on the sales charge and the higher expenses.

 

[sgdividends]

wa uob only 1.08%s or something for high yield acc
only 3mths promo rate. no lock in etc
where to even get 1.55% for normal deposit, not looking at FD

Esaver is 1.35 % or 1.30% can't recall can withdraw anytime but for 2 months and can get around . The private banking forumner did not specify tenor or quantum so no comparison can be made. Private banking is 1 million or 2 millions above AUM...Give me 1.55% I confirm damn dulan unless it's for 6 months.forumner asking about FD btw

Case in point 2 years back.posb retail gave 1.88% pa for 6 months and that is when the sibor interest rates are damn low, lower than now.cant find such rate now though for any bank

Forget uob la. Other than ppv cc.Nothing good comes out of it.

 

[sgdividends]

There is a road show at parkway parade now 2.8% pa on 100k for 3months only

Citibank maxigaim , priority acquisition

500 cash gift 100k for 3 months and base interest of about 0.8% pa.

If include bonus interest , will be more than 2.8%pa

 

[rerear]

Can share a bit more on this Citibank priority aquisition?

 

[Laneige]

There is a road show at parkway parade now 2.8% pa on 100k for 3months only

Citibank maxigaim , priority acquisition

500 cash gift 100k for 3 months and base interest of about 0.8% pa.

If include bonus interest , will be more than 2.8%pa

wa can put leh
still thinking of closing my citibank becoz now need to maintain min 15k for the savings acc

 

[arctician]

i dont believe its 2.8%, maxigain is a progressive stacked savigs acct, EIR maybe 1.5% +/-

 

[invisible999]

never buy any fund/unit trust from a bank that has a sales charge.

Better - 'never take any investment advice from a bank'.

the sales charges just goes back to the bank and the RM as a commission for selling it to you. Look at the prospectus, I am pretty sure the expenses ratio of the fund would be on the high side as well...which means less return to you as an investor.

If you have bought an equivalent European ETF that is traded on the markets, you would not have lost out on the sales charge and the higher expenses.[/QUOTE]
Correct. Exactly because of above.