UOB stash interest

[peppermint7]

Stash interest is in.

 

[ericcsn]

Stash interest is in.

Yes .
and the interest will show posting date of 2 June.
So need to transfer out the exact interest amount (my case is $250.97) by today .
When you transfer out this amount, u will notice the transaction date of this transfer will also show that it occurs on the 2 June despite the fact that today is 1 June (Sunday)

 

[deemax]

Yes .
and the interest will show posting date of 2 June.
So need to transfer out the exact interest amount (my case is $250.97) by today .
When you transfer out this amount, u will notice the transaction date of this transfer will also show that it occurs on the 2 June despite the fact that today is 1 June (Sunday)

The app says need 100,001 but the website simulator says 100,000 will do since it is maintain or higher. So do we leave $1 increment as advised by the app or withdraw all the interest given out today??

 

[a4973]

The app says need 100,001 but the website simulator says 100,000 will do since it is maintain or higher. So do we leave $1 increment as advised by the app or withdraw all the interest given out today??

Does an extra $1.00 margin of safety trouble you so much?

 

[ericcsn]

The app says need 100,001 but the website simulator says 100,000 will do since it is maintain or higher. So do we leave $1 increment as advised by the app or withdraw all the interest given out today??

Has worked for me when I did this. Also TnC will be the right reference (maintain or higher)

 

[nsguru]

got both monthly interest and bonus interest.
If I start off with 100K, should I move these both interests out today leaving 100K again?

 

[ericcsn]

got both monthly interest and bonus interest.
If I start off with 100K, should I move these both interests out today leaving 100K again?

NO!.
you can only move the Bonus Interest. because the time stamped on the monthly interest was 31 May unlike the BI which is showing 2 Jun. Removing the monthly interest that was credited on 31 May on today means your ADB in June will be lowered than in May disqualifying you from the BI next month.

Only exception is if you have only invested in stash last month on any day than the 1st May .

 

[peppermint7]

I didn't go think so much. I guide my fam to move everything left 100k just now. She started the account on 28th May, few days ago. So she gotten like $30 over dollars
After she did, the bottom of the app says top $1 to maintain. So i ask her to top back $1. After few days just check the app again. By right she started so late so should be no need top back $1. Anyway i myself also leave 100,001 inside in April. I started in March. Just keep checking the bottom minimum to top up will do.

 

[ericcsn]

I didn't go think so much. I guide my fam to move everything left 100k just now. She started the account on 28th May, few days ago. So she gotten like $30 over dollars
After she did, the bottom of the app says top $1 to maintain. So i ask her to top back $1. After few days just check the app again. By right she started so late so should be no need top back $1. Anyway i myself also leave 100,001 inside in April. I started in March. Just keep checking the bottom minimum to top up will do.

in her case, because she starts on 28 may , she will be ok.
i think app is showing a shortfall because the average daily balance (ADB) in may for the number of days (from 28-31 may) is greater than the number of days that we currently are at in june (just today 1 day).

 

[Devilsire]

NO!.
you can only move the Bonus Interest. because the time stamped on the monthly interest was 31 May unlike the BI which is showing 2 Jun. Removing the monthly interest that was credited on 31 May on today means your ADB in June will be lowered than in May disqualifying you from the BI next month.

Only exception is if you have only invested in stash last month on any day than the 1st May .

just follow the "balance to maintain" under Details tab on 1st of each month.
The monthly interests credited on last day probably just increased ADB by few cents

 

[Maserati]

UOB stash going to reduce interest on 1July?

link

 

[Mickey01]

UOB stash going to reduce interest on 1July?

link

yes ... already posted here since Friday.

 

[chiokcc]

UOB 6mth FD is 2% .... might be a better choice than Stash ... no hassle of keeping track and transferring out of monthly interest ....

 

[sglandscape]

UOB 6mth FD is 2% .... might be a better choice than Stash ... no hassle of keeping track and transferring out of monthly interest ....

DBS last month have 2.3% for 6 months, this month seems to be 2.1% for 3 months, the UOB FD just don't make sense.

 

[chiokcc]

DBS last month have 2.3% for 6 months, this month seems to be 2.1% for 3 months, the UOB FD just don't make sense.

This one is the "invitation" by email promo again?

 

[sglandscape]

This one is the "invitation" by email promo again?

Nope this is the go to the physical branch, and ask them

 

[JivBunny]

Simple no fuss would be ocbc 2.58% for 88 days https://www.ocbc.com/personal-banking/deposits/statement-passbook-savings-account

Thanks. Seems like a better choice for now

 

[Wanderer123]

Dash pet is fully subscribed
https://dash.com.sg/dashpet2

 

[chiokcc]

UOB 6mth FD is 2% .... might be a better choice than Stash ... no hassle of keeping track and transferring out of monthly interest ....

Change to 1.85%pa since 11June

 

[chiokcc]

Any guess what sort of promo will come on 01 July?

Looking forward to some form of National Day promo .....