Consolidated thread for Priority/Privilege Banking

[darren25]

You will need to fulfil all the conditions such as salary credit, monthly spent etc. If you don't invest or insure with them, the interest straightaway drops to 0.58%. pa.

Hi Jue,

I go thru their Term and Condition, it indicate the below.
The Bonus$aver Sign-up Promotion (“Promotion”) is available from 1 September 2021 to 30 September 2021 (“Promotion Period”).
To participate in the Promotion and to qualify for the Sign-up Bonus Interest of 1.0% p.a.: (a) you must be a new Standard Chartered holder of a current/cheque account(s) and/or savings account(s); (b) you must apply for a Bonus$aver current/cheque account (“Bonus$aver Account”) as a main account holder during the Promotion Period; (c) your application must be approved; and (d) you must deposit minimum fresh funds of S$50,000 (“Minimum Deposit”) in your Bonus$aver Account at the time of account opening and maintain the Minimum Deposit. The Sign-up Bonus Interest is only awarded in the first twelve (12) calendar months from the date of account opening (including the month of account opening, being the first calendar month) (“Sign-up Bonus Interest Earning Period”), and the maximum Average Daily Balance (“ADB”) that qualifies for Sign-up Bonus Interest is S$200,000.
Any amount of ADB exceeding S$200,000 shall earn the prevailing interest of 0.01% p.a. only. If you do not maintain the Minimum Deposit in your Bonus$aver Account for a particular calendar month during the Sign-up Bonus Interest Earning Period, you will not receive any Sign-up Bonus Interest for that particular calendar month. Visit sc.com/sg/bs-signup for the full Bonus$aver Sign-up Promotion Terms and Conditions that apply.

When i read further,

For the avoidance of doubt, the Sign-up Bonus Interest is in addition to any prevailing interest and bonus interest which you may earn if you comply with the Bonus$aver requirement in accordance with the Bonus$aver Product Terms. After the Sign-up Bonus Interest Earning Period, you shall cease to earn any Sign-up Bonus Interest on the balances in your Bonus$aver Account, but you will continue to earn prevailing interest and bonus interest of up to 2.38% p.a. if you comply with the Bonus$aver requirement in accordance with the Bonus$aver Product Terms.

So I assume it is 1% if you keep the amount with them for 12 month.

 

[darren25]

Any Bros who still with SC Premier banking. My intent is to transfer my fund from Citibank to SC and back to Citi after 1 year with the intention to deposit instead of invest.

 

[hwmook]

Any Bros who still with SC Premier banking. My intent is to transfer my fund from Citibank to SC and back to Citi after 1 year with the intention to deposit instead of invest.

What is the point of doing so? To earn the bonus?

 

[chopra]

second trache of citigold

deposit $250k 31 jul
3 sep rcv $900 bonus
oct slated for referral to receive another $600
1 jan 2022 take out 250k
feb 2022 rcv $640 loyalty


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[banyan8]

second trache of citigold

deposit $250k 31 jul
3 sep rcv $900 bonus
oct slated for referral to receive another $600
1 jan 2022 take out 250k
feb 2022 rcv $640 loyalty


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I deposited on 1 Jul but haven't seen the $900. Have u received the iPad Air letter?
I though only need to keep for 3 months. Why won't you withdraw on 31 Oct?

 

[chopra]

I deposited on 1 Jul but haven't seen the $900. Have u received the iPad Air letter?
I though only need to keep for 3 months. Why won't you withdraw on 31 Oct?

mine's not e ipad promo.

my village refer me. merry go round


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[wira]

anyone took loan against your equities for these banks ?
Can share whats the interest rate charged for these priority banking for the banks?

wondering which banks interest rate is most competitive to take loan against your investments.

 

[Smokey.B]

For UOB privilege, may I know what is the fall below amount ?
Understand need to pump in 350k for a start.

 

[LouisSaha]

For ocbc wealth. Starter is 200k or 350k?

 

[oceanicmanta]

For ocbc wealth. Starter is 200k or 350k?

ocbc premier is 200k

higher welcome rewards for 350k

 

[OCBC Bank]

For ocbc wealth. Starter is 200k or 350k?

Hi there,

To be eligible for OCBC Premier Banking, you will need to deposit or invest S$200,000 in fresh funds.

You may refer to this page to find out more:
https://www.ocbc.com/personal-banking/premier-banking/index.page
^XF

 

[yoongcy421]

Deposited 250k beforr 30th June for june ipad air promo. 900sgd yet to be received. Ipad air also not yet. Sing saver said wil only send 90 to 120 days after criteria completed but not sure which day they counting from.

 

[Peijun92]

May I know which bank has the best complimentary priority banking card for cash back?

 

[saintgtril]

May I know which bank has the best complimentary priority banking card for cash back?

Hi peijun92, you can consider HSBC premier/jade which is their priority banking leg.

You can get up to 3.5% cash rebate by pairing it up with HSBC advance credit card. This card itself comes with up to a maximum of 2.5% cash rebate. With the priority banking, it has an additional of 1% cash rebate. More details @ Everyday+
https://cdn.hsbc.com.sg/content/dam...tions-governing-everydayrewards-programme.pdf

 

[chopra]

updated. can someone help verify i make sense? i think i will take out all $250k today and put into syfe since the effective ir for #c below is only 0.86%!!

second trache of citigold - slight edit
deposit $250k 31 jul

A. 3 sep rcv $900 bonus, effective ir 3.8%

B. 14sep referral received another $600, effective ir from 31jul to 14sep 4.9%

C. 1 jan 2022 take out 250k
feb 2022 rcv $640 loyalty
Effective ir from 14 sep to 1jan 0.86%
Effective ir from 31 jul to 1jan 2.0%


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[Heiliong]

I just click and do it online. My RM generally leave me alone. He respond whenever I need his help so overall good for me.

By doing diy instead of through rm did you still get your rewards?

 

[hwmook]

By doing diy instead of through rm did you still get your rewards?

You mean the rewards for investment? I find it not worth it, you get max 1.7% back in rewards after paying 2% in fees so I rather not do it. I just transferred in my unit trusts bought elsewhere to get the welcome rewards.

 

[chopra]

updated. can someone help verify i make sense? i think i will take out all $250k today and put into syfe since the effective ir for #c below is only 0.86%!!
second trache of citigold - slight edit
deposit $250k 31 jul
A. 3 sep rcv $900 bonus, effective ir 3.8%
B. 14sep referral received another $600, effective ir from 31jul to 14sep 4.9%
C. 1 jan 2022 take out 250k
feb 2022 rcv $640 loyalty
Effective ir from 14 sep to 1jan 0.86%
Effective ir from 31 jul to 1jan 2.0%
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took out
it's v gd.

put $250k from 31 jul to 14sep and i get $1500 on 14sep



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[CrashWire]

With the priority banking, it has an additional of 1% cash rebate. More details @ Everyday+

You don't need HSBC Premier for Everyday+.

 

[chopra]

jus read the hsbc one. im interested in premier $200,000 and pure deposit (no investment).

so it's
$50 lazada
+ $108 + $200 if open between 1 sep and 30 sep and deposit by 31 oct.

any idea when must withdraw to get the final $200? i think i only see 2 mths for the $50 lazada. means if deposit on 31 oct, can only take out on 31st dec?

also, referral gets $50.


in addition, u get additional cashback for 1%. can pm me if inconvenient on how to maximise this given that 4.5% advance cc is still subpar compared to uob one 5%? is advance cc still entitled to round the loop hacks?


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