Consolidated thread for Priority/Privilege Banking

[highsulphur]

1.65%?? Is forever for UOB wealth? Or just 3 months??

Promotional rate for 3 months

 

[cscs3]

Promotional rate for 3 months

And only applicable to the incremental portion of the fresh fund only.

 

[cscs3]

Nice post bro.

You can join DBS Treasures with 200k now.

https://www.dbs.com.sg/treasures/pr...-pweb-home-latest-promo-txtlink-sign-up-promo

Remember to watch the small *.

 

[naro]

Does fixed deposits qualify?

I believe so.

 

[toothpick]

Remember to watch the small *.

What's special to note bro?

Keep minimum $200,000, you will not get penalised

 

[Sinkie]

Promotional rate for 3 months

Yeah, I saw the for first 3 months, then didn't follow up interest le

 

[cybercom8]

1.65%?? Is forever for UOB wealth? Or just 3 months??

sometimes 3-4 months but they kept renewing the offer for the last couple of years

 

[fireal]

What's special to note bro?

Keep minimum $200,000, you will not get penalised

the promotion is for EXISTING treasures members..(min 350k)

the 200k and 350k is for a cash top up..... to get the $1600, $800 respectively.

thats how i read it

 

[Boon Sim]

Yup still S$100k!

I have actually created a table to lookup the different minimum income requirement on my own website if anyone is interested - just for everyone's convenience!

http://theshutterwhale.com/blog/2016/2/4/a-guide-to-priority-banking-in-singapore#prioritysummary

CIMB VI priority pass is 3x free p.a. now, not unlimited (was it previously? can't remember). Source: Link

On DBS Treasures requirement, I believe it is still S$350,000, just that they let you "start" with S$200,000, but within a specific period of time you need to top up the additional S$150,000. I can't remember where i saw this though, but am quite sure about this.

 

[toothpick]

CIMB VI priority pass is 3x free p.a. now, not unlimited (was it previously? can't remember). Source: Link

On DBS Treasures requirement, I believe it is still S$350,000, just that they let you "start" with S$200,000, but within a specific period of time you need to top up the additional S$150,000. I can't remember where i saw this though, but am quite sure about this.

Anyone else see the small print saying you got to top up to 350k after some time?

 

[Shutterwhale]

CIMB VI priority pass is 3x free p.a. now, not unlimited (was it previously? can't remember). Source: Link

On DBS Treasures requirement, I believe it is still S$350,000, just that they let you "start" with S$200,000, but within a specific period of time you need to top up the additional S$150,000. I can't remember where i saw this though, but am quite sure about this.

Will update this thanks for the heads up!

Let me try to confirm the S$200K/S$350K with someone who works there. Will report back when I get an answer!

According to this link, it is S$350K though: https://www.dbs.com.sg/treasures/why-treasures.page?pid=sg-tre-pweb-home-heroblock-why-treasures-tab

 

[Boon Sim]

Will update this thanks for the heads up!

Let me try to confirm the S$200K/S$350K with someone who works there. Will report back when I get an answer!

According to this link, it is S$350K though: https://www.dbs.com.sg/treasures/why-treasures.page?pid=sg-tre-pweb-home-heroblock-why-treasures-tab

I think it might be S$350k to start the Treasures relationship, but after that, the minimum balance to maintain the relationship is $200k.

 

[fireal]

I think it might be S$350k to start the Treasures relationship, but after that, the minimum balance to maintain the relationship is $200k.

The 200 k is an additional top up for existing members... Read the tnc

Sent from my sunk horse using GAGT

 

[Boon Sim]

The 200 k is an additional top up for existing members... Read the tnc

Sent from my sunk horse using GAGT

CASA TOP UP PROMOTION
3. To participate in the CASA Top Up Promotion, Customers must, during the Promotion Period,

(i) complete and submit the Treasures Welcome Offer Participation form to a DBS Treasures staff, or via fax or recorded telephone instruction to a DBS Treasures staff; and

(ii) deposit a single sum of at least SGD200,000 or SGD350,000 (“Deposit”) or its foreign currency equivalent to their DBS/POSB current account or savings account (“CASA”).

According to the T&C as per the above, to qualify for either of the S$200k or S$350k promo, you need to complete the "Treasures Welcome Offer Participation form" and deposit the said sum...

Furthermore, the top part of the T&C says:

Terms and Conditions Governing DBS Promotion for New DBS Treasures Customers (“Promotion”)

Participation in the Promotion constitutes acceptance of these Terms and Conditions.

2. The Promotion is open to new DBS Treasures customers, and existing DBS Treasures customers for the DBS Treasures Black Elite Card Promotion (“Customers”) of DBS Bank Ltd (“DBS”). Customers must not have been Treasures/Treasures Private Client Customers in the last 12 months of starting their current DBS Treasures relationship.

To me, this means that the CASA promotion is limited to new Treasures customers only. The only part applicable for existing Treasures clients is potentially the credit card promo.

If indeed the top up promo is applicable to existing Treasures clients, I think the T&C is poorly worded. Need to call and check with the RM to confirm.

 

[youhsueh]

I think it might be S$350k to start the Treasures relationship, but after that, the minimum balance to maintain the relationship is $200k.

Just spoke with a DBS Treasures consultant. 350k with DBS Travel privilege (Lounge, etc), 200k without DBS Travel.

 

[StealthShadow]

CASA TOP UP PROMOTION
3. To participate in the CASA Top Up Promotion, Customers must, during the Promotion Period,

(i) complete and submit the Treasures Welcome Offer Participation form to a DBS Treasures staff, or via fax or recorded telephone instruction to a DBS Treasures staff; and

(ii) deposit a single sum of at least SGD200,000 or SGD350,000 (“Deposit”) or its foreign currency equivalent to their DBS/POSB current account or savings account (“CASA”).

According to the T&C as per the above, to qualify for either of the S$200k or S$350k promo, you need to complete the "Treasures Welcome Offer Participation form" and deposit the said sum...

Furthermore, the top part of the T&C says:

Terms and Conditions Governing DBS Promotion for New DBS Treasures Customers (“Promotion”)

Participation in the Promotion constitutes acceptance of these Terms and Conditions.

2. The Promotion is open to new DBS Treasures customers, and existing DBS Treasures customers for the DBS Treasures Black Elite Card Promotion (“Customers”) of DBS Bank Ltd (“DBS”). Customers must not have been Treasures/Treasures Private Client Customers in the last 12 months of starting their current DBS Treasures relationship.

To me, this means that the CASA promotion is limited to new Treasures customers only. The only part applicable for existing Treasures clients is potentially the credit card promo.

If indeed the top up promo is applicable to existing Treasures clients, I think the T&C is poorly worded. Need to call and check with the RM to confirm.

yes, that sounds like it is meant for new-to-bank customers...

 

[bazingaman]

Just spoke with a DBS Treasures consultant. 350k with DBS Travel privilege (Lounge, etc), 200k without DBS Travel.

Doubt that. What I know is to start you need to have 350K, then the min AUM is 200K.

For lounge (i.e. DBS lounges at Changi) I see that's for private clients.. not regular treasurers.

 

[pcmdan]

Currently there is also a 1.8% 4 month FD for treasury customers

 

[SuperGreenHorn]

eg uob high yield rate for existing customers with 200k fresh funds are 1.65% without lock in.

dbs rate like under 0.2%

so you can do the maths on how much interest you are forgoing for 6 months with dbs

Does this HYR mean they pay 1.65% for first month upon deposit of fresh fund, subsequent month pay only normal rates of 0.15% if no increment?

 

[cybercom8]

Does this HYR mean they pay 1.65% for first month upon deposit of fresh fund, subsequent month pay only normal rates of 0.15% if no increment?

no, each promotion is usually for 3-4 months. you can even reduce the balance and still get the promo rate...subject to a minimum of $200k i think.

eg you can bank in $1.5m and get 1.65% and then withdraw $1m the next month and still get 1.65% for the balance $500k