cpf oa for elderly

[chopra]

All the comments and ideas no use because no mention of amount involved. If not much, withdraw every cents and jump from bank to bank that offer the highest yields. When yields drop, put back into CPF in one go or two by VC and TU, if acceptable. VC 37,740 to OA. MA and SA and Top up $9000 to RA. RA could be more if he never top up since age 55.

i think ard 100k in oa


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[henrylbh]

i think ard 100k in oa


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Then I rather go for a 6mths or 12months T-bills for the time being and save the hassle of searching for slightly higher yield every now and then.

 

[HMAN]

It’s easier said than done about elderly needing to be more savvy, there are many ppl out there including here. Not very elderly but still want physical token over digital.

savvy in term of investment awareness, not so much on digital transformation.
I do encourage people to use hardware token for better security control.

banks are not doing enough to implement proper 2FA solution, the phone App confirmation with simple Yes and No button is not safe enough.accidentally accepting the online connection could happen with a slip of hand.

the weakest link is over the web interface with no mutual authentication measure to allow users to challenge and prove its identify. as a result,many scam sites could be setup to fool around.



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[reddevil0728]

savvy in term of investment awareness, not so much on digital transformation.
I do encourage people to use hardware token for better security control.

banks are not doing enough to implement proper 2FA solution, the phone App confirmation with simple Yes and No button is not safe enough.accidentally accepting the online connection could happen with a slip of hand.

the weakest link is over the web interface with no mutual authentication measure to allow users to challenge and prove its identify. as a result,many scam sites could be setup to fool around.



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a lot of times go hand in hand 1 lor

 

[chopra]

Then I rather go for a 6mths or 12months T-bills for the time being and save the hassle of searching for slightly higher yield every now and then.

need to q up.

i have rhb n i can put his 100k into mine


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[m0x0m]

I understand some are putting in ocbc fixed dep. isnt a better way to withdraw via paynow whatever eligible to put into RHB?


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is this FD going to be perm if yes CPF interest will go up but may slower, once u withdraw I doubt u cab put back to ur OA

 

[m0x0m]

savvy in term of investment awareness, not so much on digital transformation.
I do encourage people to use hardware token for better security control.

banks are not doing enough to implement proper 2FA solution, the phone App confirmation with simple Yes and No button is not safe enough.accidentally accepting the online connection could happen with a slip of hand.

the weakest link is over the web interface with no mutual authentication measure to allow users to challenge and prove its identify. as a result,many scam sites could be setup to fool around.



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oh is there bank still use hardware token?

 

[sohguanh]

oh is there bank still use hardware token?

Well there is. My recent experience is ICBC and BOC and OCBC is becuz their mobile app giving me problems. They are very much alive and needed I just know recently

 

[PC-User]

savvy in term of investment awareness, not so much on digital transformation.
I do encourage people to use hardware token for better security control.

banks are not doing enough to implement proper 2FA solution, the phone App confirmation with simple Yes and No button is not safe enough.accidentally accepting the online connection could happen with a slip of hand.

the weakest link is over the web interface with no mutual authentication measure to allow users to challenge and prove its identify. as a result,many scam sites could be setup to fool around.



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Sidetrack a bit: RHB uses only the app, has no web interface. And the app is bind to the user after setup. Can I say RHB is actually safer than the others? Anyone?

 

[sohguanh]

Sidetrack a bit: RHB uses only the app, has no web interface. And the app is bind to the user after setup. Can I say RHB is actually safer than the others? Anyone?

Say phone died then how to access immediately? You can get new phone quickly to install app or quickly use a browser access the online banking and use? To me banks should have both online and mobile banking for such scenario. Of cuz one can argue computer or laptop died then no browser to login and the argument go on and on

 

[PC-User]

Say phone died then how to access immediately? You can get new phone quickly to install app or quickly use a browser access the online banking and use? To me banks should have both online and mobile banking for such scenario. Of cuz one can argue computer or laptop died then no browser to login and the argument go on and on

RHB is the type of interest earning account that most will not need to access daily. And web login also need OTP or digital token to authorize certain transactions. In the end still need a phone.

 

[sohguanh]

RHB is the type of interest earning account that most will not need to access daily. And web login also need OTP or digital token to authorize certain transactions. In the end still need a phone.

What I mean is offer two modes rather than one mode. Let customer has the choice. With RHB no choice

 

[reddevil0728]

oh is there bank still use hardware token?

some still offer

Sidetrack a bit: RHB uses only the app, has no web interface. And the app is bind to the user after setup. Can I say RHB is actually safer than the others? Anyone?

it is as safe as the user is being careful

 

[PC-User]

it is as safe as the user is being careful

Yeah of course. But to those scam victims, at least phishing wouldn't have worked if there's no web login. Yeah I understand they may get scammed eventually in other way also if not careful.