Consolidated thread for Priority/Privilege Banking

[lalaisgongon]

Hope I'm not going off-tangent with this thread.

The A$ FD rates given by OCBC is pathetic. I had "mocked" at their RM before for giving such lousy rates.

I put my A$ in an Aussie Bank itself giving me a more decent 4.5% rate for 12 months FD.

If you don't want to go so far, just go to ICICI Bank in Singapore. They're giving 4.15% for 12 months A$ FD (for <$100,000).

The two rates above beats OCBC's 2.2925% anytime.

Eh maybe that true, but the RM at OCBC has quoted me close to a full percent higher than board rates before. Think ocbc works on getting approval method, on getting higher rates.

well these rates are better than hsbc/citi

 

[qwertyuiop59]

Still missing the following:

DBS
UOB
Maybank
CIMB
ANZ

 

[chopra]

I'm looking at cimb too. any field report?

 

[Goodhealth]

Bank:Citibank (citigold)
Minimum Assets Under Management(AUM):200k
Fall below fee charged: Yes
Downgrade if AUM not met: Not Sure
Pros: Citigold lounge at paragon( Coffee, cookie, Resting area),some parking redemption at paragon. Citi Prestige extra bonus points. Overseas recognition
Cons:Rates are never the best.

Just to add .....it's not only at Paragon. AMK Hub, Tampines etc you too can have free parking (by giving you HDB parking coupons).

 

[lalaisgongon]

Just to add .....it's not only at Paragon. AMK Hub, Tampines etc you too can have free parking (by giving you HDB parking coupons).

thanks! updated!

 

[lalaisgongon]

I'm looking at cimb too. any field report?

Any reason from why you are choosing CIMB?
think its 250k sgd!

 

[chopra]

Any reason from why you are choosing CIMB?
think its 250k sgd!

my impression is that its interest rate for savings is better, if not the best. this is at least the case for peasant account. need feedback on satki account.

but of cse, only good if you stay near orchard...

 

[wts2013]

i refer relatives to cimbk then get referral rewards, haha. No fall below fee, even tho dun maintain much funds, they still threat them as Preferred customers. When get invited to investment talks, wow, the makan is sumptuous. When visit branch, they treat u like "King", haha. They pay for your parking fee when u visit branch, credit to your a/c a fixed amt.

automatically gets a priority card for airport lounges

 

[wts2013]

SCB - gets lower commission rates for stock trading. Even balance fall below, they do not charge automatically. I was told the $50 need to pay if your balance fall below and u still want to be a priority customer to enjoy the privileges. If u dun want to pay, then just request for down grade.

 

[qwertyuiop59]

i refer relatives to cimbk then get referral rewards, haha. No fall below fee, even tho dun maintain much funds, they still threat them as Preferred customers. When get invited to investment talks, wow, the makan is sumptuous. When visit branch, they treat u like "King", haha. They pay for your parking fee when u visit branch, credit to your a/c a fixed amt.

automatically gets a priority card for airport lounges

hi wts2013, seems like u r a CIMB preferred banking customer, possible to put the info in below format for the benefit of others?

Bank:
Minimum Assets Under Management(AUM):
Fall below fee charged: Yes/No
Downgrade if AUM not met: Yes/No
Pros:
Cons:

 

[wts2013]

That's all I know. As more info comes in, the formatted post might get outdated. Suggest u prepare a reference table or spreadsheet to facilitate reading, otherwise, need to search thru the whole thread to find info for the bank.

 

[flyboy]

ANZ Signature Priority Account

Still missing the following:

DBS
UOB
Maybank
CIMB
ANZ

Anyone here is ANZ signature priority holder? Looks attractive with only $150K requirement to be placed in their FD with 1.1% effective interest per annum, and every quarter withdrawal flexibility.

There is a referral program, and I am gonna sign up anyway. If you are an existing customer, I let you refer me and we split the referral bonus?

PM me ASAP!

 

[bagegar]

Bank: ANZ Signature Priority Banking
Minimum Assets Under Management(AUM): S$150k
Fall below fee charged: Yes
Downgrade if AUM not met: Not Sure
Pros:
1) 4 branches at Raffles Place, Orchard Rd, Thomson & Marine Parade. Usual Coffee & Resting area.
2) Free Visa Infinite Card for both Principal & Supplementary. 8x points for highest foreign currency spend. Priority Pass + Free Sats lounge/Limo/Golf upon spending $1K to $3K.
3) Flexible quarterly fixed deposit rate upto 1.1%
Cons:
Lousy Internet banking.
No Internet stock trading.

 

[cybercom8]

Bank: ANZ Signature Priority Banking
Minimum Assets Under Management(AUM): S$150k
Fall below fee charged: Yes
Downgrade if AUM not met: Not Sure
Pros:
1) 4 branches at Raffles Place, Orchard Rd, Thomson & Marine Parade. Usual Coffee & Resting area.
2) Free Visa Infinite Card for both Principal & Supplementary. 8x points for highest foreign currency spend. Priority Pass + Free Sats lounge/Limo/Golf upon spending $1K to $3K.
3) Flexible quarterly fixed deposit rate upto 1.1%
Cons:
Lousy Internet banking.
No Internet stock trading.

they never give me the free VI card lei although i parked some money with them

 

[bagegar]

they never give me the free VI card lei although i parked some money with them

Call ANZ Signature Priority Banking 1800 226 8899.

ANZ Signature Priority Banking Visa Infinite Credit Card

 

[Majestic12]

Most of these perks are minor as compared to having a Relationship Manager who knows you inside out.

 

[lalaisgongon]

Most of these perks are minor as compared to having a Relationship Manager who knows you inside out.

However, anything below private banking, the bankers have too many cust to get to know you well.

 

[wts2013]

Most of these perks are minor as compared to having a Relationship Manager who knows you inside out.

That's when they can try to "eat" u, haha.

 

[lalaisgongon]

That's when they can try to "eat" u, haha.

Hmm any personal experience to share?

To be honest, if you know what you want and what are you goals. sometimes these RM can help you instead of "eat" you

 

[Majestic12]

However, anything below private banking, the bankers have too many cust to get to know you well.

The statement is too generic. It really depends on the banker - if they want to do it they will do it.