POSB Cashback Bonus

[fr33d0m]

So the part that confuses me is the mention of repurchase is not recognized. Does it mean repurchase of same fund or repurchase of any fund with Invest-Saver?

So far only did RSP for the Shenton Short term bond fund

shenton short term bond fund is really expensive in term of additional charges.. 0.3% management fee, up to 1% sales charge(probably waived for RSP?)

 

[reddevil0728]

I read the repurchase to mean all Invest Saver. So it is ok to purchase different fund with Invest Saver within 6 months?

look at D.5.B.

they mentioned fund.

maybe read it in full?

 

[Joseph99]

Hi, anyone brought insurance to fulfill 1 category for the posb cashback bonus ?

I got 1 qtn. Jul will be my 12th time. I just signed up today for new policy and I know will take effect next month.
So is the insurance deemed as paid 1 month in advance as I want to cancel the giro of my previous policy.

 

[gnooliew]

My salary going to credit to another bank, so thinking of using Invest Saver to meet the 3rd criterion.

Can I check if my understanding of the mechanism is correct?
1. Set up invest saver for a fixed income ETF that is at 0.5% sales charge.
2. redeem all units after 12 months (if has intention to invest) / redeem every month few days after 15th of the month (if no intention to invest).
3. After 12 months, make sure all units of the ETF fully redeemed and then terminate the invest saver.
4. Set up a new invest saver and select a different fixed income ETF.
5. Rinse and repeat every 12 months with a different ETF.

Correct? Also, no redemption charges or other fees at DBS side right (other than ETF level fees of course) right?

 

[Imhthc]

My salary going to credit to another bank, so thinking of using Invest Saver to meet the 3rd criterion.

Can I check if my understanding of the mechanism is correct?
1. Set up invest saver for a fixed income ETF that is at 0.5% sales charge.
2. redeem all units after 12 months (if has intention to invest) / redeem every month few days after 15th of the month (if no intention to invest).
3. After 12 months, make sure all units of the ETF fully redeemed and then terminate the invest saver.
4. Set up a new invest saver and select a different fixed income ETF.
5. Rinse and repeat every 12 months with a different ETF.

Correct? Also, no redemption charges or other fees at DBS side right (other than ETF level fees of course) right?

Ur understanding is correct. U can start to set up rsp now for the August month. It will state in ur bonus cashback statement x/12 month for your investment when it qualifies so it can ease your trouble of remembering when it is time to terminate and set up a new fund for rsp.

 

[chopra]

Sorry i have comprehension issue.

i terminated on 19dec 2024 for fund #a
Can i sign up fund #b right now to enjoy the cashback bonus or need to wait 6months?

 

[chopra]

you need to note the timing they mention. terminate AND re-purchase within 6 months of the same fund no count.

it also wouldn't count if you have terminate AND re-purchase AFTER 6 months IF you haven't redeem all the units prior to that.

there are other ETFs with 0.5% fees u got see under invest saver

This as well as some other posts seem to suggest i can invest immediately. Want to triple confirm

 

[reddevil0728]

Sorry i have comprehension issue.

i terminated on 19dec 2024 for fund #a
Can i sign up fund #b right now to enjoy the cashback bonus or need to wait 6months?

This as well as some other posts seem to suggest i can invest immediately. Want to triple confirm

different fund can provided the different fund was not terminated and redeemed within 6m

https://www.posb.com.sg/iwov-resources/media/pdf/deposits/cashback-bonus-faq.pdf

 

[fr33d0m]

Sorry i have comprehension issue.

i terminated on 19dec 2024 for fund #a
Can i sign up fund #b right now to enjoy the cashback bonus or need to wait 6months?

Terminating it before month end, will lose current month Cashback. Read the TNC

 

[chopra]

Aiya knn 10char

 

[chopra]

Terminating it before month end, will lose current month Cashback. Read the TNC

Fake news. I got full $100

 

[chopra]

Anyone still in this and not multiplier? Been a good 9 years for me

 

[fr33d0m]

me. but I am going to change to Multiplier soon as my cash accumulates and no good place to put them.

 

[chopra]

ya it just tipped for me. Cos maybank 2.4%. Feel so nostalgic to let go of a 9 yo darling, not forgetting multiplier might chut stun

 

[chopra]

4.1-2.4 =1.7
%1.7* 100k =1.7k
1.7k/12 > 100

 

[fr33d0m]

4.1-2.4 =1.7
%1.7* 100k =1.7k
1.7k/12 > 100

2+ is getting difficult.

 

[Imhthc]

Anyone still in this and not multiplier? Been a good 9 years for me

Me. Still having this due to my posb mortgage with a guaranteed $30 per month and rsp of $1000 per month and salary credit

 

[CrashWire]

ya it just tipped for me. Cos maybank 2.4%. Feel so nostalgic to let go of a 9 yo darling, not forgetting multiplier might chut stun

4.1-2.4 =1.7
%1.7* 100k =1.7k
1.7k/12 > 100

UOB One 3.3% not good?

 

[zumaba]

Hi, now for the new iBanking interface, anyone knows where to look for the previous Bank Summary for the cashback status?

 

[yiwei]

Hi, now for the new iBanking interface, anyone knows where to look for the previous Bank Summary for the cashback status?

Open your cashback crediting account, the tab should be below your account number