BOC SmartSaver

[maumu]

Where else can park around 60K SGD with flexibility from aug 20 onwards? SingLife and Dash already full

elastiq 1.8 (90-day lock)
or maybank iSavvy 0.7% (no lock)

 

[Squaredot]

same thing happened when maxigain first dropped rates.

yea bro, it was Citi drama on New Year's Day

 

[benlau1]

Can someone help me verify if my calculations below is correct..

Spending $1500 as opposed to $500 earns additional interest of 0.2%

So, assume $80K:

Additional interest = 0.2% x $80k = $160 per annum

Per month = $160/12 = $13.33 additional interest only for spending additional $1000??

 

[simplelifez]

Yes, OCBC 360 better if u need to credit your salary to an account anyway. DBS Multiplier also not bad if you high earner and can meet another category.

why is OCBC better than DBS? I'm about to transfer account to DBS since July changes

 

[Trazora]

Can someone help me verify if my calculations below is correct..

Spending $1500 as opposed to $500 earns additional interest of 0.2%

So, assume $80K:

Additional interest = 0.2% x $80k = $160 per annum

Per month = $160/12 = $13.33 additional interest only for spending additional $1000??

Yes. Measly.

 

[arctician]

been repeating, 100k RHB at 1.375%...do nothing..the rest can still put in BOC to earn 1.25% - 1.45%

is RHB bank safe? never consider singlife or elastiq or RHB before though their rates are higher, at least cimb safer.

 

[chopra]

rhb....i rem seeing one at katong.

 

[Jazzbie]

Can someone help me verify if my calculations below is correct..

Spending $1500 as opposed to $500 earns additional interest of 0.2%

So, assume $80K:

Additional interest = 0.2% x $80k = $160 per annum

Per month = $160/12 = $13.33 additional interest only for spending additional $1000??

Yes, not worth the effort if it is spending $1000 more.

For me, I currently spending ard $1000 per month on Family card. Think still ok to "top up" to $1500 which is about 2.6% rebate.

 

[lazybee]

So is it actually agreed that OCBC 360 is better if you don’t meet the 1.5k card spend on BOC smartsaver?

But I think for $6K salary and 500 spend, BOC is slightly better?

BOC (80K)
Salary (0.5%) + bills (0.3%) + CC spend (0.3%) + base(0.15%) = 1.25%

OCBC (70K)
Salary (0.9%) + Saveup(0.3%) + base(0.05%) = 1.25%

BOC is extra $10k but need $500 CC spend.

But the problem with Ocbc's SaveUp means I need to increment by $500 every month and these extra amount will only earn base interest @0.05%?
This extra topup become huge after a year unless I reset it.

 

[greatgreenman]

But how does the OCBC all in one credit card fair against BOC Family Card? Ive always found family card to be one of the best when it comes to groceries and online shopping

 

[lazybee]

But how does the OCBC all in one credit card fair against BOC Family Card? Ive always found family card to be one of the best when it comes to groceries and online shopping

Ocbc card spend will not help with Ocbc360.

BOC family require $800 spend for cashback, which is more than $500 required for CC spend. And spend another $1K for 0.2% more is not worthwhile. Family CC not ideal for my spend usage.

I will spend $500 using BOC card first, and use SCB unlimited for others.

 

[happylife1234]

Anyone knows what is considered as eligible wealth products for BOC smart saver new interest rate scheme?

 

[leogeo]

But the problem with Ocbc's SaveUp means I need to increment by $500 every month and these extra amount will only earn base interest @0.05%?
This extra topup become huge after a year unless I reset it.

this part gets annoying. like need to calculate how much to transfer out each month since the save up bonus is only on the 1st 70k

 

[leogeo]

But how does the OCBC all in one credit card fair against BOC Family Card? Ive always found family card to be one of the best when it comes to groceries and online shopping

i use OCBC FRANK 6% paywave and 6% online

 

[josc36]

new page:

https://www.bankofchina.com/sg/pbservice/pb1/202007/t20200731_18212078.html

details for wealth bonus included

 

[greatgreenman]

Ok finally got around to looking up all the other savings accounts.. Since I use DBS Vickers, I'll be switching to DBS multiplier and splitting the rest with Singlife and Dash Easy Earn. Goodbye 1999 web browser ibanking user interface. Goodbye "English" speaking customer support who can barely speak English. Goodbye Bank of China.

At least Family Card didn't suck so badly.

 

[iduncheckmail]

new page:

https://www.bankofchina.com/sg/pbservice/pb1/202007/t20200731_18212078.html

details for wealth bonus included

thanks for sharing

 

[cassowary18]

At least the BOC cashback cards are still OK... Pour one out for the miles chasers who saw their earn rate drop from 1.5 mpd to 1.0 mpd...

 

[demoforce1]

At least the BOC cashback cards are still OK... Pour one out for the miles chasers who saw their earn rate drop from 1.5 mpd to 1.0 mpd...

good only if you can get the af waiver

 

[demoforce1]

new page:

https://www.bankofchina.com/sg/pbservice/pb1/202007/t20200731_18212078.html

details for wealth bonus included

luckily I jump ship already, none of that Insurance products are look good/cheap