BOC SmartSaver

[Squaredot]

I wanted to apply for the lower tiered $500 limit card but was rejected

whatz $500 limit card bro? can retirees apply?

 

[vsvs24]

whatz $500 limit card bro? can retirees apply?

There is 2 version of the Qoo10 card.

Annual income of S$30,000 and above for BOC Qoo10 World Mastercard.
No minimum income required for BOC Qoo10 Platinum Mastercard.

But rebate is given in Qmoney, not cash. So unless you are a frequent shopper in qoo10, this is not for you.

 

[ekardo]

Need help/clarification

>60k is 0.6% or 1% or 1.6%?

I quote from website:
-------
In addition, enjoy 1.00% p.a. on your account balance above S$60,000 when you have fulfilled at least one of the above criteria
-------
Extra Savings Interest

Enjoy 0.60% p.a. Extra bonus interest when you have fulfilled at least one of the requirements for either Card Spend, Salary Crediting or Payment bonus interest.
Payment bonus is applicable to your account balance above S$60,000 subject to a maximum of S$1,000,000.
Prevailing interest rate will apply to your account balance above S$1,000,000.
------

 

[Trazora]

Need help/clarification

>60k is 0.6% or 1% or 1.6%?

I quote from website:
-------
In addition, enjoy 1.00% p.a. on your account balance above S$60,000 when you have fulfilled at least one of the above criteria
-------
Extra Savings Interest

Enjoy 0.60% p.a. Extra bonus interest when you have fulfilled at least one of the requirements for either Card Spend, Salary Crediting or Payment bonus interest.
Payment bonus is applicable to your account balance above S$60,000 subject to a maximum of S$1,000,000.
Prevailing interest rate will apply to your account balance above S$1,000,000.
------

1% (which makes up of 0.4% base and 0.6% bonus interest)

 

[maumu]

folks, for bill payment and card spend, does this work:
- pay my insurance via GIRO using the debit card --> card spend
- pay 3 bills (say, 3 credit cards) --> bill payment

question: does the GIRO for insurance payment using my debit card qualify as bill payment too?

 

[Trazora]

folks, for bill payment and card spend, does this work:
- pay my insurance via GIRO using the debit card --> card spend
- pay 3 bills (say, 3 credit cards) --> bill payment

question: does the GIRO for insurance payment using my debit card qualify as bill payment too?

If your so called "GIRO" is actually recurring payment charged to visa/masters/unionpay of the debit card, it will count to card spend not bill payment.

If your so called "GIRO" means payment by deducting directly from your Smartsaver account it is bill payment.

 

[sellbuyboy]

0.4% is base... for additional 0.6%.. need to do anything???

 

[Trazora]

0.4% is base... for additional 0.6%.. need to do anything???

As long as met any of the criteria for bonus interest i.e. salary/bill/spending then the amounts above $60k will enjoy this 0.4%+0.6%. The bonus interest for salary/bill/spending only for max $60k, so the amounts on top and above $60k only get the 0.4%+0.6%.

 

[sellbuyboy]

the SIF online better right?

 

[ekardo]

As long as met any of the criteria for bonus interest i.e. salary/bill/spending then the amounts above $60k will enjoy this 0.4%+0.6%. The bonus interest for salary/bill/spending only for max $60k, so the amounts on top and above $60k only get the 0.4%+0.6%.

Thanks. 1% no additional condition sounds good for Maybank user.
Any other bank with no condition and more than 1%?

 

[Cumzilla]

Thanks. 1% no additional condition sounds good for Maybank user.
Any other bank with no condition and more than 1%?

HLB iSavings, HSBC EGA...

 

[iduncheckmail]

HLB iSavings, HSBC EGA...

HSBC EGA only lasts for 3mths, then you need to cycle out for 2mths, then in again . Dont think this is considered as "no conditions".

 

[RedsYWNA]

I feel BOC is the best option at 1% for any excess funds. No need to transfer here, transfer there and the money is flexible to be deployed to stock markets at anytime.

 

[ekardo]

I feel BOC is the best option at 1% for any excess funds. No need to transfer here, transfer there and the money is flexible to be deployed to stock markets at anytime.

I concurred

 

[leoch037]

just left boc branch, interest cut abt half from aug onwards
wait for announcement these few days

 

[shpesft]

Sigh. Everyone cutting interest.

just left boc branch, interest cut abt half from aug onwards
wait for announcement these few days

 

[Squaredot]

just left boc branch, interest cut abt half from aug onwards
wait for announcement these few days

finally it's coming sigh.
Thanks for heads-up. At least bros wont open BOC account just for one month good interest.

 

[iduncheckmail]

If someone runs out of places to stash, usually lesser known names give slightly better interest. Even after adjusted for falling rates

 

[ekardo]

just left boc branch, interest cut abt half from aug onwards
wait for announcement these few days

ok lah..at least july can stick to BOC...

 

[arctician]

just left boc branch, interest cut abt half from aug onwards
wait for announcement these few days

i was at branch too, yes boc gg to drop int too