maybank isavvy promo

[Soul77]

http://info.maybank2u.com.sg/promotion/deposits-banking/fresh-funds-top-up.aspx

Seems like a good deal. I have a dormant isavvy account.

I think I'll transfer from my CIMB fastsaver to this one next month to enjoy the 1.3%.

 

[dork32]

of course it is a much better deal than cimb. it has been around for 1 year already.

 

[Soul77]

of course it is a much better deal than cimb. it has been around for 1 year already.

Huh.. I thought started only this month? 1st october 2015?...
did I missed this without knowing?

 

[dork32]

Huh.. I thought started only this month? 1st october 2015?...
did I missed this without knowing?

confirm it has been around. it is modeled after esaver. this month they just increased their interest rates.

 

[dork32]

Huh.. I thought started only this month? 1st october 2015?...
did I missed this without knowing?

1 oct is the start of the new cycle, each cycle is 3 months. for esaver, each cycle is 2 months.

 

[frustrateddude]

reminder-
must hv adb of 20k
if adb for sept is 1k u must maintain 21k from 1 oct to 31 oct
else no bonus interest

 

[sAVaGEmP5]

wow give me 50k, i make 1% for u in a week. 1% just $500 only lolz.

ok give me 2 weeks and i make 1.5% for you.

 

[cscs3]

wow give me 50k, i make 1% for u in a week. 1% just $500 only lolz.

ok give me 2 weeks and i make 1.5% for you.

Please confirm. Is a good deal for 1% interest for just a week vs bank offer of 1.3% to 1.5% per year!

 

[spiritGate]

I didnt aim for that extra one percent hahahaah. Rather stick with ocbc or uob. But i got ipen one isavvy account for pure saving, $100 per month slowly accumulate hahaha

Sent from sent from gagt using GAGT

 

[Soul77]

Yah.. I'm kinda cash rich atm, so parking those exceeded 60k from OCBC to whichever gives the higher interest...

 

[Perisher]

Yah.. I'm kinda cash rich atm, so parking those exceeded 60k from OCBC to whichever gives the higher interest...

Cash rich isn't necessarily a bad thing but can find ways to make it work instead of stagnant. You are on the right path.

 

[dork32]

if you have more than 60k you should consider uob1 first before moving to isavy

 

[Soul77]

Cash rich isn't necessarily a bad thing but can find ways to make it work instead of stagnant. You are on the right path.

Yes. I've recently been reading on the bogleheads investing, and been trying to put money regularly on the ETF. Thanks to the seniors in this forum who keep introducing those. If only I found about this 10 years ago, I'll have more money. But better late than never.

However, I need some cash to set aside for short term needs (for the next 1-2 years or so), so I'm parking those in the most liquid and safer asset class. Currently parking them in the SSB, higher interest saving accounts (like OCBC 360), and some local banks preference shares.

 

[Soul77]

if you have more than 60k you should consider uob1 first before moving to isavy

Yes. But I can't spend enough to get those higher interest. So trying to find those higher interest with less hassle.

 

[sAVaGEmP5]

Please confirm. Is a good deal for 1% interest for just a week vs bank offer of 1.3% to 1.5% per year!

i have my credentials in this money section. I find it disgusting to only get $500+ for $50K Fixed-D, entire capital kana lock up 1yr for just $500. $500 can be spent in a blink of an eye. New TV, new chair, or a CNY restaurant makan. Finish.

So if u ask me , i rather u go for higher returns, entailed with some fair bit of risks.

10-20% quite easily do-able. but sorry i cant help u on this

 

[K|muRa^84]

Niceee. Can combo with esaver

 

[chopra]

Yes flip prata between this n esaver

Sent from ew line is so sloooow using GAGT

 

[saintgtril]

Yes. I've recently been reading on the bogleheads investing, and been trying to put money regularly on the ETF. Thanks to the seniors in this forum who keep introducing those. If only I found about this 10 years ago, I'll have more money. But better late than never.

However, I need some cash to set aside for short term needs (for the next 1-2 years or so), so I'm parking those in the most liquid and safer asset class. Currently parking them in the SSB, higher interest saving accounts (like OCBC 360), and some local banks preference shares.

Hi Soul77, when you shared you put money regularly on the ETF (which i am total clueless what is it all about), do you gain this knowledge from bogleheads investing site? I am trying to gain more on my investment knowledge Thanks in advance.

 

[dork32]

Hi Soul77, when you shared you put money regularly on the ETF (which i am total clueless what is it all about), do you gain this knowledge from bogleheads investing site? I am trying to gain more on my investment knowledge Thanks in advance.

go to the shiny things thread, he is the expert and greatest advocate of sti etf

 

[saintgtril]

one can attempt to put your money in the following

UOB high yield account
OCBC bonus +
OCBC 360
UOB One account
Maybank iSavvy
SCB eSaver
CIMB Fast saver.

I can only think of these.