ocbc 360 account

[dork32]

Hi dork32,


What I am trying to say is that from my point of view in terms of ROI, I will only get 0.5%. The other 0.5% earned by my wife is totally hers. Although we do have joint accounts, but we keep our personal finance separate too.

so if you say and your wife keep separate accounts. i would assume the 120k is shared between you and your wife equally. so you have 60k and she has 60k. your 60k earns 600 a year and her 60k earns 600 a year. you earn 1%, she earns 1%. both of you do not earn 0.5%. or total your 120k earns 1200, it is still 1%

 

[dork32]

Hi, please don't be trigger-happy in shooting me... You should have gotten your facts right first to avoid misguiding other ppl. CIMB fast saver only gives 1% for the 1st 50K. Any amount exceeding that only gives 0.6%.

And to correct your 2nd statement, I have no issue with letting my wife earn interest from my spare cash. All I am aiming is to maximise the amount of interest that I can squeeze out from our hard earned money.

you are right on fast saver. i blur and stupid. the reason is i dont use fast saver. i have isavy and esaver because it is much higher than fast saver.

and if fastsaver gives lousy rates above 50k, you open 1 account, your wife open 1 account. your 120k will be earning closer to 1% than 0.6%

you are right that we must maximize our interest. to do that we must be able to do maths and evaluate our returns so that we can choose the best option. people zoosh, trazora and myself try to optimize like mad.

ps. i also argued with zoosh before. so i dont think he likes me.

 

[dork32]

Why are people still discussing how to maximize return from OCBC 360, when there is superior alternative out there?

The enlightened ones should know what I meant.

Hint : BoC

yes there is boc smartsaver, there is also the save up account. 360 is definitely not the best option around.

but ocbc does have its advantages. it is not i buay song tiong or dont like najib. ocbc has many branches and atms all over the place. it is more convenient.

i also have uob1. like ocbc, uob also have many branches and atm.

 

[madtari]

No worries lah bro... don't call yourself stupid. Everyone will missed out something, somewhere, some day.

you are right on fast saver. i blur and stupid. the reason is i dont use fast saver. i have isavy and esaver because it is much higher than fast saver.

and if fastsaver gives lousy rates above 50k, you open 1 account, your wife open 1 account. your 120k will be earning closer to 1% than 0.6%

you are right that we must maximize our interest. to do that we must be able to do maths and evaluate our returns so that we can choose the best option. people zoosh, trazora and myself try to optimize like mad.

ps. i also argued with zoosh before. so i dont think he likes me.

 

[zoossh]

zoosh, trazora and myself try to optimize like mad.

No leh. I only optimise normally. Only save money enough to go market 買菜. Where got like mad

ps. i also argued with zoosh before. so i dont think he likes me.

Got meh? How come I dun lemember? I where got no like u

 

[zoossh]

yes there is boc smartsaver, there is also the save up account. 360 is definitely not the best option around.

I'm hesistant too cos boc internet banking must install a spy software in order to access

 

[dork32]

No leh. I only optimise normally. Only save money enough to go market 買菜. Where got like mad



Got meh? How come I dun lemember? I where got no like u

the way you write and calculate, i know you got some standard one. maybe to you is relax relax. to other people it is quite a lot of effort already.

you do transfer your cash here and there to earn more. some people really do find this process very troublesome.

 

[hogrider88]

I'm hesistant too cos boc internet banking must install a spy software in order to access

same. boc ibank i use till vomit blood. thats why i stick to 2 ocbc360 acct + maybank saveup.. until i save further ltr then think.

well, some of us r ok with scrutiny as long we learn something out of the argument/debate, it is wad we r here for.

anyway i think been awhile u r active zoossh!

 

[zoossh]

I just did a search and realise UOB HYA refers to High Yield Account under their privilege banking. This is definitely out of my league as I certainly don't have 350K in spare cash. heh.

I guess I have to settle for CIMB as my best alternative then.

Why not esaver? Just switch once every 2months. If more than 200k no fall below. If not just maintain 1k as base. Rate is not bad from at least 1.2-1.4 and historically up to 1.68

 

[zoossh]

2% only for new account though

Which means if I had accounts from long time ago but I had never use dash, no point to read further loh

 

[VacheronLim]

I'm hesistant too cos boc internet banking must install a spy software in order to access

now no need le, can work on chrome without needing to install the additional plugin

 

[IamBeeP]

Which means if I had accounts from long time ago but I had never use dash, no point to read further loh

Can ask your co to open new dash easy or joint dash easy account.
But .......... (I hope no 2nd case here about 2% become 1%)

 

[madtari]

Anyone recently tried opening CIMB fast saver account online? I tried but it says "server is unavailable" at the last step. WTH man... Doesn't give me a good first impression.

 

[FrontierX]

Bonus interest for APRIL is not in.

Today is the 7th working day of the month right?

 

[otaku7]

Bonus interest for APRIL is not in.

Today is the 7th working day of the month right?

uh
isn't it tomorrow?
3rd to 6th may, 9th to 11th may tomorrow...

Sent from Sony E6653 using GAGT

 

[FrontierX]

Oh ya 2nd is a public holidays!

Haha sorry just recalled

 

[madtari]

which idiot puts money in bank that earns 0% for 6 months? can you tell me the bank's name? khong guan?

your wife earn interest is also your family's money.

Haha... just for sharing... 1 bank actually start charging negative interest rates for deposit in certain currency. Those affected might really put their money in khong guan tins.

 

[steven168z]

Haha... just for sharing... 1 bank actually start charging negative interest rates for deposit in certain currency. Those affected might really put their money in khong guan tins.

you need many khong guan tins?

 

[jazzman80]

Why are people still discussing how to maximize return from OCBC 360, when there is superior alternative out there?

The enlightened ones should know what I meant.

Hint : BoC

BoC rejected my application of opening a savings account, what's the next best alternative? May bank?

 

[coey]

BoC rejected my application of opening a savings account, what's the next best alternative? May bank?

Uob 1 account if u can spend 500 on one card.