Just saw it today during work, so figured I would crunch some numbers to see how beneficial is it for me, hopefully it isn’t worse off like the prior one.
From a rough look, it seems that a significant number of clients have balances lower than 35k and save less than 500 a month to this account, and too many have many bills to pay.
I am covering only the stuff that applies to me, holding 200k in the account doesn’t make sense and I don’t really buy financial products from OCBC/Great Eastern.
I’ll skip the Boost interest because it tends to be not recurring, and frankly, it doesn’t add to much, unfortunately (unless you cash out of shares or other investment products).
For simplicity, I would show examples where the account balance is 35k and 70k (which tends to my account balance most of the time, there is …