UOB saving deposit promo

[mdax23]

Not sure how this works, is this similar with the Standchart eSaver? Anyone?
http://www.uob.com.sg/personal/promotions/deposits/2014/index.html

 

[havetheveryfun]

Not sure how this works, is this similar with the Standchart eSaver? Anyone?
http://www.uob.com.sg/personal/promotions/deposits/2014/index.html

seems so : Bonus Rates only apply to the Incremental Fresh Funds Balance up to a maximum amount of S$1,000,000 in the Account during the Promotion Period from the date of deposit, until 29 February 2016.

also have bonus rates for the past: http://www.uob.com.sg/personal/promotions/deposits/2014/bonus.html

SCB so power, come up with a product almost everyone want to copy, maybank copy, UOB copy, next one is who ???

 

[shareholder]

seems so : Bonus Rates only apply to the Incremental Fresh Funds Balance up to a maximum amount of S$1,000,000 in the Account during the Promotion Period from the date of deposit, until 29 February 2016.

also have bonus rates for the past: http://www.uob.com.sg/personal/promotions/deposits/2014/bonus.html

SCB so power, come up with a product almost everyone want to copy, maybank copy, UOB copy, next one is who ???

That's how the market works, if they don't copy, they lose their customers.

 

[spiritGate]

Yea just like ocbc tat attrative saving interest, uob, boc and etc all copy. The main goal is to gain customer

Sent from sent from gagt using GAGT

 

[ykeen]

Yea just like ocbc tat attrative saving interest, uob, boc and etc all copy. The main goal is to gain customer

Sent from sent from gagt using GAGT

Ocbc 360.. Was innovative when it was launched.. Now left to rot.. Though still useful to some people..

 

[hOp3SoT]

nt sure if still able to get the exclusive gift if sign up today. lol its 1.4% vs 1.6% for esaver tho.

 

[mdax23]

Maybe can consider to tag team this with eSaver for the incremental bonus.

 

[henrylbh]

Yea just like ocbc tat attrative saving interest, uob, boc and etc all copy. The main goal is to gain customer

Sent from sent from gagt using GAGT

And they are all making us running here and there.

In early Nov, I open CIMB fastsaver paying 1%. In mid Nov I opened account with Maybank and moved from CIMB for the rate is 1.5%. Then in Dec, I had to move from Maybank to SCB for the rate of 1.6%

Any other bank offering higher than 1.6% for savings accounts without onerous conditions? Lucky that fast transfer makes moving around convenient.

 

[don_calvo]

And they are all making us running here and there.

In early Nov, I open CIMB fastsaver paying 1%. In mid Nov I opened account with Maybank and moved from CIMB for the rate is 1.5%. Then in Dec, I had to move from Maybank to SCB for the rate of 1.6%

Any other bank offering higher than 1.6% for savings accounts without onerous conditions? Lucky that fast transfer makes moving around convenient.

Forget bank deposits. Open a trading account and buy ETF A35 (SG bond index) , this is practically a loan to different sg government institutions and related companies. You get apx 2.5% and can draw your money every time. Interest payment is only twice a year and you have to accept some flactuations in value (a few %) m, but if you want to long term save money, this is as save as a bank deposit and pays much more interest.

 

[shareholder]

Forget bank deposits. Open a trading account and buy ETF A35 (SG bond index) , this is practically a loan to different sg government institutions and related companies. You get apx 2.5% and can draw your money every time. Interest payment is only twice a year and you have to accept some flactuations in value (a few %) m, but if you want to long term save money, this is as save as a bank deposit and pays much more interest.

The dividend payment is once yearly at the discretion of the fund manager. Payment is not guaranteed and the expense ratio is 0.25%. Currently fd rates is about the same as a 5 yr treasury bond. So deducting the expense ratio, probably need to hold much longer than 5 yrs, possibly 7yrs to beat fd.