Uob one account worth it?

[testerjp]

Relative asking.

Or vs dbs multiplier

 

[ramlee]

No

deposit $150k of cash must spend $500 on credit card but only get back $26x eacj month. machaim like give beggar

 

[firestyle]

Never like uob as it's literally run like a conservative family business among the 3 local banks.

 

[mgx-alander]

Moi using every month $50 for my measly savings

Multipler cannot match

 

[coyote]

Relative asking.

Or vs dbs multiplier

You are many years late.... Used to be like crediting salary, plus credit card spending and another criteria will qualify you for higher interest rate for first $75,000 or something. It turns out to be like hundred plus or couple hundred dollars every month for your mixed vegetables rice to add fish.

Don't know what are the latest criteria and rates.

 

[d3n]

Relative asking.

Or vs dbs multiplier

i compared OCBC 360 and DBS multipler , in the end i opt for DBS, easier to hit the requirement, OCBC requires average daily balance increase of $500*

*Increase your account’s average daily balance by at least S$500 from the previous month’s average daily balance. Average daily balance is calculated using the total amount of daily balances in your account divided by the number of days in the month. Please note this is not the same as month-end balance.

DBS no fuss, just clock $500 or more till $14999 (DBS house loans, paylah, DBS invest, salary credit) for the tier one.

 

[d3n]

DBS

quite easy for me to hit 2.4% , cos i got existing DBS house loan. I purposely sign up for a DBS Term life insurance (lowest price) to hit extra category. So I got salary credit + home loan + card/paylah spent + insurance + investment

OCBC, if OCBC, I think i can only hit less than 2%

 

[Corba2001]

No, no credit card is worth it.

Best is to use cash, don't even keep cash in bank, withdraw all out and close the account.

Times are bad, recession looming, high COL, all is doom and gloom!!!

 

[miyaki]

y not both? uob one cap at 150k nia ..

 

[d3n]

y not both? uob one cap at 150k nia ..

only feasible once u hit the cap, dun split up so fast, hit one cap, then open a new account. then transfer money to ownself (put salary credit), rinse and repeat

 

[mgx-alander]

y not both? uob one cap at 150k nia ..

Not rich

 

[Hello_Kitty]

No

deposit $150k of cash must spend $500 on credit card but only get back $26x eacj month. machaim like give beggar

spend $500 is very easy with insurance premium, PUB utilities bill, telco bill, broadband bill

 

[d3n]

spend $500 is very easy with insurance premium, PUB utilities bill, telco bill, broadband bill

If OCBC... spent $500 only get extra 0.25%

in theory most ppl can only hit salary ($1800 at least) and spend. 1% + 0.25%

if that savings account also use for paying bills, then difficult to hit the save portion. Need to have [average daily balance increase of $500*]

if managed to hit 3 salary + save + spend = 1% + 0.5% + 0.25% = 1.75%

if no insure, invest and grow, then gg.

DBS multipler easier.

 

[lampano]

No

deposit $150k of cash must spend $500 on credit card but only get back $26x eacj month. machaim like give beggar

very rich man spotted

 

[jinsatkilife]

No, no credit card is worth it.

Best is to use cash, don't even keep cash in bank, withdraw all out and close the account.

Times are bad, recession looming, high COL, all is doom and gloom!!!

If u pay cash, have to thank you for paying the extra 2% visa Mastercard tax without getting benefits

 

[white_prince]

No salary which one is better

 

[miyaki]

only feasible once u hit the cap, dun split up so fast, hit one cap, then open a new account. then transfer money to ownself (put salary credit), rinse and repeat

yep, thats what i do also.. also have uob stash for 100k cap also ..

 

[d3n]

No salary which one is better

all DBS, UOB and OCBC need credit salary as base minimum.

else u just transfer yourself salary (put purpose - salary payment)

 

[luffix7]

Relative asking.

Or vs dbs multiplier

need 500 or 1000 to open?

 

[d3n]

need 500 or 1000 to open?

OCBC - 3000

DBS - 0 but must maintain at 3k