Lastest S$ Deposit updates - Part 3

vsvs24

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Not sure yet..I think probably 1k balance, cc spend around 1.5k or lesser
If low bank balance than OCBC 360 and DBS Multiplier is not for you since meeting the various criteria is to get higher rates applied to the bank balance.

Take a look at POSB Cashback bonus. This is not based on bank balance but transactions.

All 3 products have calculators on their website. Put in the figures and see. Also check that the investments you take up are eligible.

Btw, maybe you should learn to invest on your own instead of using POSB invest.

https://www.posb.com.sg/personal/deposits/bank-earn/cashback-bonus
 
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If low bank balance than OCBC 360 and DBS Multiplier is not for you since meeting the various criteria is to get higher rates applied to the bank balance.

Take a look at POSB Cashback bonus. This is not based on bank balance but transactions.

All 3 products have calculators on their website. Put in the figures and see. Also check that the investments you take up are eligible.

Btw, maybe you should learn to invest on your own instead of using POSB invest.

https://www.posb.com.sg/personal/deposits/bank-earn/cashback-bonus
What do you mean by ban balance though? Salary not counted?

Btw I’m not eligible for POSB bonus, no point signing up for a random investment or insurance with them just to get a few dollars a year and lose even more
 
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Utonian

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if you are looking for "high" interest savings account and determining which hoops you can jump through to unlock higher interest.

you need to know:
1) how much u going to keep in the saving account (because some banks the interest rate is tiered - higher balance higher rate)
2) the hoops you can jump (CC spend - you mentioned about 1k, salary credit of about 6800 p/m for you, then open to investments? insurance? )
3) are you the type of person who want to put in and forget or ok to spend some time to monitor and make adjustment monthly to maximise interest?
4) alternatively you can afford to lock in longer periods for other products?
 

merlot6230

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