DBS changed its Mutiplier plan

[sleepyhead03]

mine is in alr!

 

[compro_1975]

i think month something is wrong... i spend $1 in nov, but seems dun get the bonus... but this account spending is see the calendar month spend right? not posted date right? 1st month using

 

[compro_1975]

has anyone have the formula to calculate for this account? i calculate i should get 60 but i get 58, not about the 2 bucks, but wanna see where am i wrong, total 50k inside from 12 nov with 2 task done.....

 

[nefariel]

has anyone have the formula to calculate for this account? i calculate i should get 60 but i get 58, not about the 2 bucks, but wanna see where am i wrong, total 50k inside from 12 nov with 2 task done.....

50k x 19/365 x interest rate?

 

[a4973]

has anyone have the formula to calculate for this account? i calculate i should get 60 but i get 58, not about the 2 bucks, but wanna see where am i wrong, total 50k inside from 12 nov with 2 task done.....

The difference is in the first interest paid on the 1st of December

Sent from Nextbit ROBIN using GAGT

 

[compro_1975]

The difference is in the first interest paid on the 1st of December

Sent from Nextbit ROBIN using GAGT

but given 50k is the cap, the interest paid of 1.35 makes no diff right?

 

[compro_1975]

50k x 19/365 x interest rate?

different from what is given but the margin is not as big to reduce 1 task less leh

 

[nefariel]

different from what is given but the margin is not as big to reduce 1 task less leh

no idea what you’re saying.

the interest on 1st dec + bonus interest is equal to ADB for month x days in month/365 x interest rate qualified for.

 

[Rxgn]

jialet my interest $3.50 only

 

[haydentan]

Have anyone repurchased abf etf after you terminated and redeemed all the units more than 6 months ago, but not eligible for bank and earn?
I did so but the bank told me that I did not delete my giro arrangement hence not eligible for investment cash back. Crap. I do not even see this in their clause.

 

[blue_denim24]

One question, I have successfully built SSB ladder from July to Nov and I am on my way to reserve some SSB for Dec as well . With this, I wanted to check my investment criteria would now considered to be fulfilled for whole of 2019, correct ? My DCS account is DBS savings account.

 

[Buzy_bee]

One question, I have successfully built SSB ladder from July to Nov and I am on my way to reserve some SSB for Dec as well . With this, I wanted to check my investment criteria would now considered to be fulfilled for whole of 2019, correct ? My DCS account is DBS savings account.

Hi. That's what I am doing too. Assuming no change in tnc, is this ssb ladder only valid in 2019 or also beyond eg 2020?

 

[swordsly]

Hi. That's what I am doing too. Assuming no change in tnc, is this ssb ladder only valid in 2019 or also beyond eg 2020?

Yes if and only if DBS doesn't change rules.

 

[compro_1975]

i wonder how to hit the investment part with the least ($1) possible way? anyone can enlighten?

 

[tiertime]

i wonder how to hit the investment part with the least ($1) possible way? anyone can enlighten?

if got credited dividend will be more than $1 already... if want to clock some amt for investment just buy sgx stocks via dbs vickers , min comission 0.12% via cash upfront account

if there is simpler way i would like to know too...

 

[myename]

if got credited dividend will be more than $1 already... if want to clock some amt for investment just buy sgx stocks via dbs vickers , min comission 0.12% via cash upfront account

if there is simpler way i would like to know too...

Not sure if simpler but probably cheaper - Apply for 6 consecutive months of SSB, minimum application $500 and application fee $2. Total damage $3,012 with principal rather guaranteed, and you'll hit the investment criteria every month.

SGX stocks afaik max only give out 4x dividends a year. Plus DBSV min commission is 0.12% but still subject to a minimum of $10.

 

[tiertime]

Not sure if simpler but probably cheaper - Apply for 6 consecutive months of SSB, minimum application $500 and application fee $2. Total damage $3,012 with principal rather guaranteed, and you'll hit the investment criteria every month.

SGX stocks afaik max only give out 4x dividends a year. Plus DBSV min commission is 0.12% but still subject to a minimum of $10.

like this target can get how much % bonus interest... ?

 

[VerVe]

Not sure if simpler but probably cheaper - Apply for 6 consecutive months of SSB, minimum application $500 and application fee $2. Total damage $3,012 with principal rather guaranteed, and you'll hit the investment criteria every month.

SGX stocks afaik max only give out 4x dividends a year. Plus DBSV min commission is 0.12% but still subject to a minimum of $10.

I don't think thats how SSB interest payment works. See their website - only pays out in July and January.

Sent from GAGT using GAGT

 

[kram62]

I don't think thats how SSB interest payment works. See their website - only pays out in July and January.

Sent from GAGT using GAGT

myename is correct. Each bond pays every 6 months, starting 6 months after the issue.

This is why next bond pays in January and July because it is the January 2019 bond. February 2019 will pay every August and February and so on

 

[VerVe]

myename is correct. Each bond pays every 6 months, starting 6 months after the issue.

This is why next bond pays in January and July because it is the January 2019 bond. February 2019 will pay every August and February and so on

Oh ok. I stand corrected, thanks for clarification.

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