SIC SRS promotion 2018

[yaucs]

DBS bank kicked off with SRS promotion, mainly targeting new account users.
Existing accounts also have some promotion, less than previous years.
https://www.dbs.com.sg/personal/promotion/srs-promo

T&C
Eligible Customers will receive a one-time cash reward (“Cash Reward”) of the following amount if the
following conditions are satisfied:
Eligible Customers Conditions Cash Reward
First 5,000 1. Open SRS account Online & S$50
2. Contribute at least S$10,000 Online
First 5,000 Contribute S$15,300 via Online S$30
First 5,000 Contribute S$10,000 to S$15,299.99 via Online S$20
Note: Annual SRS contribution limits are Singaporean/PRs: S$15,300 and Foreigners: S$35,700

Insert last years thread link for reference, plenty of gems inside.
https://forums.hardwarezone.com.sg/money-mind-210/[sic]-srs-top-up-promo-2017-a-5700563.html

 

[yaucs]

UOB also having some kind of promotion of SRS.
https://www.uob.com.sg/personal/invest/financial/srs-account.page

Promotion
Open a UOB-SRS Account for a boost to your nest egg and enjoy tax savings at the same time. You can also choose to invest your SRS funds to enjoy tax-free investment gains*.

Get started now and receive complimentary treats from Singapore Marriott Tang Plaza Hotel.

Open a UOB-SRS Account
with a minimum contribution of S$10,000 A Christmas Log Cake
from Java+ (Worth S$36)
Invest in Unit Trust and/or Insurance
S$10,000 to S$19,999 Traditional English Afternoon Tea for 2
at Lobby Lounge (Worth up to S$77)
S$20,000 to S$29,999 High Tea Buffet for 2
at Marriott Cafe (Worth up to S$112)
S$30,000 and above Buffet Lunch for 2
at Marriott Cafe (Worth up to S$138)

 

[ixoral]

Thanks! If i read it correctly, this is for first 5,000 new cust ($50 cash) and first 5,000 existing cust ($30 cash).
Based on past years, any idea if other banks may give more than $50 incentive for opening new SRS?

 

[compro_1975]

Sian can i transfer from ocbc to dbs?

 

[yaucs]

Thanks! If i read it correctly, this is for first 5,000 new cust ($50 cash) and first 5,000 existing cust ($30 cash).
Based on past years, any idea if other banks may give more than $50 incentive for opening new SRS?

from what i remembered, only dbs offered cash for some time.
still yet to decide whether to top up or not.
today just first day.

 

[yaucs]

Sian can i transfer from ocbc to dbs?

no news from ocbc so far, hopefully they have something this year.
worth to transfer with all those paperwork for $50?

 

[cnotsniw]

Just a note to all who are thinking of switching bank that there will be a cost involved if u hold stock counters that needs to be transferred as well.

However, not sure what will happen if you have insurance/unit trusts bought with that bank with your SRS funds.

 

[assiak71]

Dbs got any monthly/quarterly fees?

 

[assiak71]

no news from ocbc so far, hopefully they have something this year.
worth to transfer with all those paperwork for $50?

I thought all along ocbc no promo while dbs every year got

So switch or not? Dbs got any fees?

 

[badsector]

Dbs got any monthly/quarterly fees?

no fees.
few yrs with DBS.

 

[yaucs]

I thought all along ocbc no promo while dbs every year got

So switch or not? Dbs got any fees?

been using dbs from start, no fees for srs.
ocbc not sure if they ever have anything.
this year for now, dont have.

 

[crazylin]

Any promotion from ocbc?

 

[arctician]

many thanks good SIC as always

 

[camholicx]

Using SRS can deduct income tax ?

 

[JuniorLion]

Using SRS can deduct income tax ?

Yes, you get tax relief.

 

[camholicx]

i opened and placed $5000 inside. So what next? leave it there to gain interest?

 

[arctician]

i opened and placed $5000 inside. So what next? leave it there to gain interest?

buy shares on sgx or bank perps

 

[yaucs]

i opened and placed $5000 inside. So what next? leave it there to gain interest?

Next Jan get bonus from dbs, tax relief. Just keep money inside till maybe 20k then buy blue dividend giving chips.

Sent from somewhere using GAGT

 

[yaucs]

many thanks good SIC as always

Thanks

Sent from somewhere using GAGT

 

[yaucs]

Any promotion from ocbc?

Not yet, then again heard never did.

Sent from somewhere using GAGT