BOC SmartSaver

[oceanicmanta]

All in. All spot on.

 

[Squaredot]

Mine all 3 in. Wonder anyone calculate the interest or not?

haven't calculated.

btw BOC using 365 or 366 days for interest calculation ?

 

[vince123123]

I also got 2 only.

Strange, I only receive two. Have everyone receive all three interest?

 

[greythorne]

haven't calculated.

btw BOC using 365 or 366 days for interest calculation ?

Should be 365. I also got the statement of account for September. Since I opened the account on 5th September, I want to calculate the interest and convince myself that the amount I got is correct. Anyone can help. Thank you.

 

[Heyland]

To confirm - the $500 spend does not have to be on one credit card correct? If I spend $400 on the family card and $100 on the shop card, I would still qualify for the credit card spend interest correct? Thanks.

 

[oceanicmanta]

To confirm - the $500 spend does not have to be on one credit card correct? If I spend $400 on the family card and $100 on the shop card, I would still qualify for the credit card spend interest correct? Thanks.

correct. u got CC spend bonus

but wont get the CC rebate.

 

[oceanicmanta]

Should be 365. I also got the statement of account for September. Since I opened the account on 5th September, I want to calculate the interest and convince myself that the amount I got is correct. Anyone can help. Thank you.

what's is your ADB over 30 days in Sep ?

it shld be ADB x 26/365 x % for Salary, CC or Bill bonus interests

for Base Interest, it's tiered depending on amount.

I may be wrong bcos my 1st month was a mess too.

 

[greythorne]

what's is your ADB over 30 days in Sep ?

it shld be ADB x 26/365 x % for Salary, CC or Bill bonus interests

for Base Interest, it's tiered depending on amount.

I may be wrong bcos my 1st month was a mess too.

Meaning that I have add balances at the end of the day and divide by number of days in the month? In my case I opened the account in sep 5. Let me try and see if I get close to the interest amount.

 

[shredded]

Strange, I only receive two. Have everyone receive all three interest?

all 3 bonus interest in

 

[greythorne]

If anyone could help me on how I calculate those interests.

 

[xXxJavierxXx]

Thank you BOC for the fat $17x.xx interest every month!

 

[fitzz82]

Interest Adjustment is the bonus interest right?
what is Interest Settlement?

 

[shredded]

Thank you BOC for the fat $17x.xx interest every month!

wow, ~60k in account?

 

[Squaredot]

Interest Adjustment is the bonus interest right?
what is Interest Settlement?

Yes.
Interest Settlement is Prevailing Interest.

 

[Squaredot]

If anyone could help me on how I calculate those interests.

you apply Oceanicmanta formula in post#2354 ?
doesn't tally?

 

[vince123123]

When you say "all 3 bonus interest" in, there will be 3 entries of "Interest Adjustment" correct?

all 3 bonus interest in

By the way, do you guys transfer out your bonus interest immediately after you receive it and keep only $60,000 inside, or do you leave it inside?

 

[Trazora]

When you say "all 3 bonus interest" in, there will be 3 entries of "Interest Adjustment" correct?



By the way, do you guys transfer out your bonus interest immediately after you receive it and keep only $60,000 inside, or do you leave it inside?

All 3 bonus interests in. Transfer out if ADB >$60000.

 

[jjonghae]

To confirm - the $500 spend does not have to be on one credit card correct? If I spend $400 on the family card and $100 on the shop card, I would still qualify for the credit card spend interest correct? Thanks.

if I spend $0 on family principal card, and $500 on supplementary card, would i get rebates?

 

[Trazora]

if I spend $0 on family principal card, and $500 on supplementary card, would i get rebates?

Yes, spending on the family supplementary card will be accumulated to family main card for family rebate calculation.

 

[jjonghae]

Yes, spending on the family supplementary card will be accumulated to family main card for family rebate calculation.

I see. Thanks. I had this impression that rebates for supplementary card will only be given if we spend $500 on the principal Family Card.

If that's the case, I'll just spend $500 on my supplementary card to earn 2% rebates, since it is a dental bill. Spending on the Principal card wont get me any rebates