ocbc 360 account

[HoGnix]

You can use that 20k to buy unit trust, just keep it for 14 days then sell. The cost of that is much lower than keeping 20k in structured deposit that have odds stacked against you.

Oh, not knowing of, you means after sale the Unit Trust, you still can get OCBC 360 investment bouns?

 

[x9evolution]

Gonna reset when ocbc 360 cut rates? I forsee it's sooner rather than later..

Fingers cross, just reset to $100k a while ago.

 

[addict951]

Fingers cross, just reset to $100k a while ago.

Wah
You dun mind losing the grow bonus for a month ah?

 

[x9evolution]

Wah
You dun mind losing the grow bonus for a month ah?

The excess of $5500 from $100K don’t earn any extra bonus interest , loss about $120 resetting , but this $5500 can earn back $137.50 putting in Mari 2.5% or some other place

 

[addict951]

The excess of $5500 from $100K don’t earn any extra bonus interest , loss about $120 resetting , but this $5500 can earn back $137.50 putting in Mari 2.5% or some other place

I know
Your +$137.5 is not apple-apple comparison hor
Should be +$137.5/12 vs -$120/1.

 

[hwmook]

Oh, not knowing of, you means after sale the Unit Trust, you still can get OCBC 360 investment bouns?

Yes, you get 12 months of investment bonus after investing, you do not need to hold that investment. I do that every year to get my investment bonus. OCBC360 is a 6% interest account for me.

 

[x9evolution]

I know
Your +$137.5 is not apple-apple comparison hor
Should be +$137.5/12 vs -$120/1.

Of cos I know, been using 360 for 5 years already , if don’t reset , the $5500 will be sitting there doing nothing and next year will up to $12000 doing nothing

 

[yslvlys]

Yes, you get 12 months of investment bonus after investing, you do not need to hold that investment. I do that every year to get my investment bonus. OCBC360 is a 6% interest account for me.

Need to bite bullet to pay sales charge of 0.88% or $176 (for 20k investment) to get $125 more interest per month.

 

[qwerty8988]

You can use that 20k to buy unit trust, just keep it for 14 days then sell. The cost of that is much lower than keeping 20k in structured deposit that have odds stacked against you.

Which unit trust u recommend?

 

[lanzhu60]

Share your ledger balance and monthly average balance then easy to calculate for you , if you are trying to have ADB of $500 now , I roughly calculate that you need top up $35K

-$617.24+$500 = $1117.24 per day
$1117.24 X 31 day (tomorrow date) = $34634.44

ledger bal 102004, ADB 0 , current mth ave daily bal 100688.

 

[lanzhu60]

Yes, you get 12 months of investment bonus after investing, you do not need to hold that investment. I do that every year to get my investment bonus. OCBC360 is a 6% interest account for me.

after buyin 20k worth of unit trust, need hold hw long at least to get that inv bonus

 

[x9evolution]

ledger bal 102004, ADB 0 , current mth ave daily bal 100688.

It’s already 1 Feb , you are already too late to do anything for Jan.
And you will see an ADB of $1316 on the 3 Feb , so this month no need to top up

 

[compro_1975]

why u all reset to 100k? wont like that cause you not to grow your money for a year?

 

[hwmook]

Need to bite bullet to pay sales charge of 0.88% or $176 (for 20k investment) to get $125 more interest per month.

For 2 out of past 3 years, I always got promotional rebate for sales charge so don't even need to pay the sales charges eventually.

 

[hwmook]

after buyin 20k worth of unit trust, need hold hw long at least to get that inv bonus

There is a free look period of 14 days so at least need to wait out 14 days then can sell anytime.

 

[hwmook]

Which unit trust u recommend?

I just whack lionglobal infinity index fund, much more stable and higher chances of long term gains anyway.

 

[x9evolution]

why u all reset to 100k? wont like that cause you not to grow your money for a year?

Cos anything above $100k don’t earn any bonus interest, and Feb is the shortest month , losses will be the lowest in the whole year. I reset to $100k every year.

Then 1 Mar onwards start topping $500 every month

 

[HoGnix]

Cos anything above $100k don’t earn any bonus interest, and Feb is the shortest month , losses will be the lowest in the whole year. I reset to $100k every year.

Then 1 Mar onwards start topping $500 every month

The question is why reset to 100K. If your plan is every Month increase holding $500 to get Saving bonus, the optimum reset amount is not $100K.

 

[x9evolution]

The question is why reset to 100K. If your plan is every Month increase holding $500 to get Saving bonus, the optimum reset amount is not $100K.

The optimal amount to earn 4.65% is $100k , then what would you suggest? Pls share your view

 

[compro_1975]

The optimum amount to earn 4.65% is $100k , then what would you suggest? Pls share your view

'Salary + Save + Spend: You will earn a maximum EIR of 4.65% a year.' << got this from OCBC website but then u wont be able to fulfil the $500 increment monthly leh... unless you are planning for Salary + Saving then ya i agree $100k is optimal