BOC SmartSaver

[maumu]

why don't u all consider elastiq 1.8%? seems very flexible once you passed the 90-day locked-in period.

FAST/PayNow limit is $50k a day also. not bad leh...

 

[Cumzilla]

thanks bro for summary.
I'm still thinking where to move

moving back to ocbc360, need to spend extra 1.5k to get 0.25% more, no thanks...

 

[ekardo]

yes bro, I will also stay put if there are no better alternative

RHB 1.375 100k, do nothing..

 

[ekardo]

thank u.

so 1st aug withdraw leave $1500.


then when all interest come, take out everything

reminder for everyone...

 

[greatgreenman]

reminder for everyone...

Are there better alternatives to BOC at the moment?

 

[iadpotato]

thank u.

so 1st aug withdraw leave $1500.


then when all interest come, take out everything

Why need to leave $1500 ah? I intend to take all $60k out, interest come in on the 9th or so, then close account or leave it dormant.

Posted on my Black iPhone 7 Plus with HardwareZone Forums app

 

[ekardo]

<$1500 will incur $3 monthly charge..

 

[ekardo]

Are there better alternatives to BOC at the moment?

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

 

[greatgreenman]

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

Ah ok, specifically at 100k then?

I personally don’t hold on to much cash assets so I guess this won’t be applicable to me... And keeping a SmartSaver account just to get interest on a 1.5k balance is meh.

Guess I’ll stick to BOC since it’s not hard to meet the secondary requirements

 

[greatgreenman]

Why need to leave $1500 ah? I intend to take all $60k out, interest come in on the 9th or so, then close account or leave it dormant.

What’s your plan for the $60k? Putting it in a different savings account or investing?

 

[iadpotato]

What’s your plan for the $60k? Putting it in a different savings account or investing?

Blue chips is the way to go now. DBS, UOB, OCBC. Or even Singtel, CDG, etc.

Posted on my Black iPhone 7 Plus with HardwareZone Forums app

 

[iadpotato]

<$1500 will incur $3 monthly charge..

Won’t get charged if you intend to close it by end of the month. Or leave it dormant at $0, I think 6 months of $0 = auto close account

Posted on my Black iPhone 7 Plus with HardwareZone Forums app

 

[chopra]

bye bye boc
moving to cpf liao.

move now cos it's cpf which calculates based on mth end interest

 

[Squaredot]

moving back to ocbc360, need to spend extra 1.5k to get 0.25% more, no thanks...

already using 360 now

 

[ackatso]

Does anyone know the treatment for grab pay top up in terms of credit card spend for SmartSaver? Is it counted towards the $500 minimum spend?

 

[greatgreenman]

Blue chips is the way to go now. DBS, UOB, OCBC. Or even Singtel, CDG, etc.

Definitely not where I’d put my money now. Those have been hit by the pandemic and aren’t poised to recover anytime soon. If someone’s going the investment route, I’d recommend a healthcare ETF like PTH or ARKG.

 

[itchying]

Boc smartsaver website still the same rate leh. Means still same for august?

 

[compro_1975]

Cimb interest dropped wef today right?

 

[Squaredot]

Cimb interest dropped wef today right?

wef 15/7/2020

 

[jetblack]

Have withdrawn 120k
Cc annual fee not waived also.
Physical token expiring in 5 days too. Actually needed it as sms is not stable.
Bye BOC
Thanks and it was a good run