cassowary18
Senior Member
- Joined
- Jul 17, 2018
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Anyone managed to fund through DBS?
I did. 10char
Anyone managed to fund through DBS?
Using the "send money" option to a registered phone number. Its like using paynow.
1 day passed my policy start day but still dont have any interest earned. only floating interest...
anyone experience the same thing ?
Singlife very prompt in interest, exactly on policy start date of the month..but dash doesnt seems so..
Do u mean "1 month passed" or "day"?
If I'm not wrong, interest is credited monthly so you will see floating interest until the date of the next month.
exactly 1 month have passed..
ok...this morning I checked the interest have moved from floating to actual..so dash takes +1 day..
you guys keeping the interest in the account or transfer to another bank at an expense of 70c?
No need transfer out, the interest will compound at 1.9x% such that the at the end of the year the total interest earned in the year is 2% of the principal amount.
so what is the interest rate for $2001 onwards ?
2% until $20000.
oops..I meant, $20001 onwards..
oops..I meant, $20001 onwards..
the interest earned can exceed 20k. so those interest earn how many %interest is the questionYou cannot deposit anymore $ once your account balance hits $20,000
You cannot deposit anymore $ once your account balance hits $20,000
so what happen to the interest earned? also 2% ?
$33.67 is correct for 20k premium after a month with 31 days.my first month interest for 20k is $33.67, which works out to be 2.02% annually..is there something wrong with my calculation ?
A rough calculation: Jul the first month, you get around $20,000 * 0.01982 / 365 = $1.086 interest per day; Aug the second month, $33.67 interest in, and you get $20,033.67 * 0.01982 / 365 = $1.088 interest per day...
$33.67 is correct for 20k premium after a month with 31 days.
My previous calculation:
Interest and principal compound at 1.9×% to get equivalent of 2% simple interest in a year
Interest and principal compound at 1.9×% to get equivalent of 2% simple interest in a year