Syfe Select / Custom (new)

[wira]

yah i thought i wanted to deposit more for 4% but pity missed the window.

 

[sohguanh]

yah i thought i wanted to deposit more for 4% but pity missed the window.

I was starting to build a ladder actually so sad now back to TBill but it is also going down. But no worry I got my equities and dividend paying mutual funds to continue.

 

[Steyr69]

i see from syfe app only 3.7% for 3 mths.
how do you get 4% ?

Think they just change back to 3.7%....

 

[sohguanh]

Think they just change back to 3.7%....

This sign should make us more interested to know coming Thursday 04 Jan 2024 TBill result. They are somehow inter-linked based on my observation.

 

[Steyr69]

yah i thought i wanted to deposit more for 4% but pity missed the window.

I got the news from Demi and Kelvin (youtubers).
Unfortunately, my funds are locked in FD then.
Only managed to put in $10k only.
This morning still 4%.
I just transfer the $ in and found they suddenly change back to 3.7%.
So now need to move $ back to bank liao.
The thing I don't like is they are very slow in processing.
And the hotline you confirm cannot get through one.
LOL!!

 

[sohguanh]

I got the news from Demi and Kelvin (youtubers).
Unfortunately, my funds are locked in FD then.
Only managed to put in $10k only.
This morning still 4%.
I just transfer the $ in and found they suddenly change back to 3.7%.
So now need to move $ back to bank liao.
The thing I don't like is they are very slow in processing.
And the hotline you confirm cannot get through one.
LOL!!

This I agree. Based on my experience, say before 12PM you give monies, they will confirm receive your monies in an email sometime say 12 - 2 PM. Then another email to formally inform you the rate which is about 5-6 PM. Just wonder why not like banks I put monies immediately active and in-force.

I think how Syfe backend works is they consolidate all ppl monies and there is a cutoff time. Then based on cutoff time total up everyone to see how much then place with the banks to secure the FD rate. From there they take a small cut. And also why maturity instructions can only be informed us nearer to actual is becuz I think from backend they are trying to size up how much funds stay and how much will leave to say put in the next new bank FD. That is they are doing some optimized logic processing in backend to secure the best deals hence all these pattern. I strongly believe those banks that give them good FD rates impose criteria like you must put X million dollars then can get so they need to secure funds in the most efficient manner.

 

[Steyr69]

The 4% offer is back!!
Thanks to Demi update!

 

[QinWei]

Yes!

but my question is if my quarterly rollover to the next quarter, will syfe upgrade it to the new rates or still capped at orig old rate??!

The 4% offer is back!!
Thanks to Demi update!

Tks to TS THREAD!

 

[Spirax]

Cash+ guarantees still have 3.9% percent for 3mth

 

[QinWei]

it s 4%

Cash+ guarantees still have 3.9% percent for 3mth

 

[Sambuca78]

it s 4%

No more 4 is 3.9 today

 

[QinWei]

Ooooh
Fortunately, My funds r in today 1feb
Still 4%


Too bad cannot attach photos

 

[QinWei]

The 4% offer is back!!
Thanks to Demi update!

After this is said, 1st feb they turn back to 3.9%! Still better than any recent tbills or fDs or card promos

keep syfeing!




they replied they will rollover it at prevailing rates if u select auto-reinvest

Yes!

but my question is if my quarterly rollover to the next quarter, will syfe upgrade it to the new rates or still capped at orig old rate??!

 

[sohguanh]

Just to share how Syfe Cash+ Guaranteed when it matured how it works. If you use app to do auto-reinvest upon maturity then no need do anything on maturity date.

But if you want to check good lobang on maturity date so you use app toggle off. On matured date before 3 pm you need to make up your mind if want to reinvest so the renewed first day start on matured date so no gap.

After 3 pm app provide option to withdraw to bank or reinvest. If here then you select reinvest too late the renewed first date will start tomorrow.

I waiting for StashAway Simple Guaranteed how their on matured date flow works. Is it same 3 pm cutoff timing concept?

 

[yslvlys]

Just to share how Syfe Cash+ Guaranteed when it matured how it works. If you use app to do auto-reinvest upon maturity then no need do anything on maturity date.

But if you want to check good lobang on maturity date so you use app toggle off. On matured date before 3 pm you need to make up your mind if want to reinvest so the renewed first day start on matured date so no gap.

After 3 pm app provide option to withdraw to bank or reinvest. If here then you select reinvest too late the renewed first date will start tomorrow.

I waiting for StashAway Simple Guaranteed how their on matured date flow works. Is it same 3 pm cutoff timing concept?

But reinvest at what rate? Will know beforehand?

 

[QinWei]

Syfe Cash+ Guaranteed when it matured how it works. If you use app to do auto-reinvest upon maturity then no need do anything on maturity date.

But if you want to check good lobang on maturity date so you use app toggle off. On matured date before 3 pm you need to make up your mind if want to reinvest so the renewed first day start on matured date so no gap.

After 3 pm app provide option to withdraw to bank or reinvest. If here then you select reinvest too late the renewed first date will start tomorrow.

i luv Syfe!

i no longer believe in SA, pls dont tell me that stashawy also offered the same rate as Syfe today

 

[sohguanh]

But reinvest at what rate? Will know beforehand?

Yes from the app you tap you can see the rate they offer you. I would suggest turn off the auto-invest switch. Then on matured date before 3 pm then decide and tap the rate they show you.

 

[Shutterfly]

Once portfolio active you can only change the default Reinvest at maturity from Yes to No. There is no option to choose Withdrawal to designated bank account upon maturity? This mean you need to keep track of the maturity date to go action on it like withdraw to bank account very sneaky tactics becuz if you forget the monies sit inside earn zero dollars interest since upfront you choose No for Reinvest at maturity.

Yes, I think this is so strange. Should have a default to withdraw to bank account if no action taken.

 

[sohguanh]

Yes, I think this is so strange. Should have a default to withdraw to bank account if no action taken.

Just to correct they will send email close to maturity date and another email on actual maturity date before 3 pm saying options. Maturity date after 3 pm the app will show the option for you to choose withdraw to bank.

 

[QinWei]

Yes, I think this is so strange. Should have a default to withdraw to bank account if no action taken.

The default is to renew

it s either this or the other