BOC SmartSaver

[cybercom8]

impossible

sigh...there goes $60+

actually why does a debit card transaction take 2-3 days to appear? i would think debit card transaction should be like FAST, almost instant since the money is deducted from bank balance

 

[zumaba]

highest but still not many singaporean trust this bank...that's their challenge..

How do you know they have such "challenge"?

 

[Trazora]

sigh...there goes $60+

actually why does a debit card transaction take 2-3 days to appear? i would think debit card transaction should be like FAST, almost instant since the money is deducted from bank balance

The transaction need to go through mastercard and be posted by the merchant.

 

[chuanz]

sigh...there goes $60+

actually why does a debit card transaction take 2-3 days to appear? i would think debit card transaction should be like FAST, almost instant since the money is deducted from bank balance

As Trazora mentioned, although it is a Debit Card, the payment still goes through MasterCard so the usual processing/posting applies.

The only difference from a Credit Card is that your "limit" is the lower between the transaction limit you set and bank account balance.

 

[cybercom8]

thanks for the explanations guys...oh well, i need to be more disciplined to meet these criteria early in the month

 

[oceanicmanta]

I find BOC debit card posting very weird.
Once transacted 22nd, only posted 31st ... & only saw it posted on 1st of following month
Separately, another transacted 23rd, same month, same merchant, diff account & was posted 27th.

 

[eD|t|0n]

Best savings account in accordance to this report:

https://sg.finance.yahoo.com/news/best-savings-accounts-singapore-233037023.html

Is things going change soon with the newly supposed changed interest/terms come Dec?

 

[dracolord]

wow, GGed...time to move on...
the terms are really ridiculous now

 

[fortunecat]

Best savings account in accordance to this report:

https://sg.finance.yahoo.com/news/best-savings-accounts-singapore-233037023.html

Is things going change soon with the newly supposed changed interest/terms come Dec?

Hopefully will still maintain above 3% at least

 

[dracolord]

Hopefully will still maintain above 3% at least

It still maintains the 3.55 BUT at ridiculous terms.

e.g. now u need 1500 spend (no AXS) to qualify for 1.6%, 500 only qualify for 0.8%
salary need to be 6k and above to hit 1.2%, otherwise 0.8%
Giro need to be min. 30 now to qualify for 0.35% compared to 0.6% last time.

Pulling out after Dec....

 

[tiertime]

It still maintains the 3.55 BUT at ridiculous terms.

e.g. now u need 1500 spend (no AXS) to qualify for 1.6%, 500 only qualify for 0.8%
salary need to be 6k and above to hit 1.2%, otherwise 0.8%
Giro need to be min. 30 now to qualify for 0.35% compared to 0.6% last time.

Pulling out after Dec....

can advise where u got this info from?

 

[dracolord]

can advise where u got this info from?

http://www.bankofchina.com/sg/bocinfo/bi1/201610/t20161031_7949946.html

 

[ngbc]

All holes fixed

http://www.bankofchina.com/sg/bocinfo/bi1/201610/t20161031_7949946.html

 

[chuanz]

GG... $1.5k card spend will be a challenge since BOC Shop card is essentially useless and BOC FR isn't that attractive to spend so much.

 

[LoanGroan]

Which bank to move to? 3.55 was good while it lasted

Sent from Samsung SM-G935F using GAGT

 

[edens_guards]

$6K salary credit..

 

[lewissac]

Ok...

My most Ideal situation:
0.275% + 0.80% + 0.80% + 0.35% = 2.225%

My min fulfillment per mth guarantee:
0.275% + 0.8% + 0.35% = 1.425%

Guess it's not my luck.. Open up account on 1st Oct hoping to get good rates.

Hmm... time to move to other banks now.
OCBC seems my next target. Or back to POSB cashback bonus.

 

[edens_guards]

Which bank to move to? 3.55 was good while it lasted

Sent from Samsung SM-G935F using GAGT

RIP 3.55
1st Nov 2015 to 30th Nov 2016

 

[01asdf]

UOB is slightly simpler compared to OCBC, but both are now better than BoC.

 

[savinmax]

Still need to thank BOC for the 3.55% p.a. for one year , it was good while it lasted. Nobody actually believed it could go on, especially when none of the other banks could come close.

Now the same conditions will probably get around 2.35% p.a. ( unless higher salary and higher card usage )

The AXS thing was a loophole begging to be plugged, especially with so much buzz in the forums