Author: Heartland Boy

Critical Changes To The Citibank MaxiGain Savings Account You Must Know

Citibank MaxiGain Savings Account has often been touted on forums as a high-yielding bank account in Singapore that does not require account holders to do anything to achieve a very high interest rate. However, there is a famous saying that all good things must come to an end. That is exactly what’s going to happen to the best savings account in Singapore come 2 January 2019. Let’s not waste time and get straight into the critical changes to the Citibank MaxiGain Savings Account that you must know. 1. Base Interest Rate Is Now Pegged At 70% of 1M-SIBOR When...

Read More

The Importance of Integrated Shield Plan For Your Child – My Painful $4,200 Lesson

Family and friends would probably be aware that Baby Olympia was hospitalised on Day 9 of her relatively short existence in this world. The good news is that she has since been discharged from hospital with no known medical conditions. The bad news is that this 4-day hospitalisation cost a total of $4,200. This was a painful financial lesson for Heartland Boy and reiterated his belief on the importance of Integrated Shield Plan for his child. What Happens When A Child Less Than 3 Months Old Has Fever? On Day 9, Baby Olympia recorded fever of 38.1 degrees. 3...

Read More

What is the cost of giving birth in Singapore hospitals?

Heartland Boy recently had the privilege of witnessing the delivery of his child at KKH hospital delivery suite. Seeing Olympia slowly emerged into the world was truly an out-of-this-world experience. The birth of Olympia also signalled the end of Heartland Girl’s thoroughly enjoyable pregnancy. Now that the dust has settled, it is time to keep count of the bills incurred for her pregnancy. This article shall illustrate Heartland Girl’s cost of giving birth in a Singapore Hospital (KKH) and review the various government policies designed to help keep the cash cost of delivery down. With the benefit of hindsight, this article...

Read More

Instant savings when you switch out of Singapore Power

If your postal code starts with 58 to 78, thank your lucky stars as the Singapore Government has bestowed you an opportunity to redeem an early Christmas gift for your household. Household with these postal codes will be eligible to participate in the Open Electricity Market after the successful trial in Jurong earlier this year. In short, you no longer have to purchase your electricity plan from SP Services only. Instead, you can choose from several electricity retailers just like how choose mobile phone plans from various telcos. You would be able to score instant savings on your electricity...

Read More

Far East Hospitality Trust: Initiation Report

Business Model of Far East Hospitality Trust Far East Hospitality Trust is a Singapore-focused hotel and service residence hospitality trust listed on the SGX. It IPO-ed on 27 August 2012 at 0.93 cents with ticker code of (Q5T.SI). As at 30 October 2018, it has a market capitalisation of SGD$1,132 million. Far East Hospitality Trust is a stapled Trust that consists of both a REIT and a Business Trust. Heartland Boy knows that REIT has a unique set of framework. As REITs are mandated to hold stable assets, Hospitality REITs have to devise creative ways to overcome this regulatory...

Read More

Hi World, Meet Olympia Liew

Greetings from your Dad, aka Heartland Boy. Congratulations on your safe arrival. We have all been eagerly anticipating this day to arrive. Your mum and I made the decision to enter parenthood despite not knowing how well we will be at it. We will inevitably fumble and struggle as we find ourselves having to grasp the new-found responsibilities thrown at us. To help us become better at parenting, we decided to make 10 promises that will serve as a moral compass throughout this new journey. You will be loved. Mum and I believe that you are born to parents...

Read More

How I Use Comparison Websites To Get The Lowest Price

Comparison websites have been around for a long time but not many in Singapore are actually aware about them. Heartland Boy personally thinks that a comparison website allows him to evaluate costs and benefits, help him check out alternatives and ultimately snag the best deal out there. In this article, Heartland Boy will show you how he uses comparison websites to get the lowest price possible. Air Tickets This was probably Heartland Boy’s first brush with comparison websites. When he was still a young undergraduate on an overseas exchange programme, he was regularly searching for cheap budget airlines. His...

Read More

Is OCBC 360 Account The Most Complex Savings Account?

OCBC has announced a THIRD change in 4 years to its flagship savings account- the OCBC 360 Account. Heartland Boy remembered that when OCBC 360 Account was first introduced to the market, the product was so good it became the talk of the town on Internet forums. As a result, OCBC grabbed plenty of market share. After numerous rounds of changes, the rules have changed and the goalposts have clearly shifted. What is noteworthy is that the current round of changes is so multifarious and mathematical that it takes tremendous effort to understand and analyse them. Beyond account holders...

Read More

How To Maximise The Cashback On Your UOB One Credit Card

Cashback credit cards are Heartland Boy’s absolute favourites and the UOB One Credit Card consistently ranks amongst one of the best. To earn the well-deserved cashback, the card holder would have to fulfil certain conditions. Based on approximately 2 years of personal experience using the credit card, Heartland Boy realises that the conditions are hardly intuitive at all. Drawing from his own episodes of near misses, this is a review on how you can maximise the cashback on your UOB One Credit Card. UOB One Credit Card- How Does It Work? Table 1: UOB One Credit Card Cash Back...

Read More

Baby Bonus And The Best CDA Account For Your Newborn

The fact that Singapore is facing a declining birth rate is a well-known problem. The government has been trying everything it can to address this issue and that includes throwing in the proverbial kitchen sink. Well, it is indeed throwing something at the problem and that is money. It has increased monetary incentives to all parents-to-be to help them cope with the costs of raising a newborn. Since they are there for the taking, it will be foolish for first-time parents not to take full advantage of them if their circumstances allow. Find out more about the 2018 Baby...

Read More

I Lost Money From My Short Sell Stock Mistake

According to most Chinese Zodiac forecast, 2018 will be a terrible year for those born in the Year of the Dragon. Dragon babies ought to be extra careful when it comes to investment in 2018. Heartland Boy was born in the year of the Dragon but he did not shy away from the stock market despite such ominous warnings. Afterall, Heartland Boy never read about famous investors such as Warren Buffet blaming astrology for poor performances. Prescient or otherwise, 2018 had so far turn out to be extremely disappointing in terms of investment returns for Heartland Boy. He is...

Read More

Changes To The OCBC 365 Credit Card You Should Take Note

The OCBC 365 Credit Card has been one of the mainstays in Heartland Boy’s staple of cash back credit cards. Recently, OCBC announced some key revisions to its beloved OCBC 365 Credit Card which would take effect from 1 Oct 2018 onwards. On its website where the online application form can be found, the changes have been nicely summarised in a table. It makes for easy comparison between the current and the revised cashback for the various categories. Upon deeper analysis of the terms and conditions as well as the FAQ, the changes are not as straightforward as they...

Read More

Learn Amazing Tips At CPF Retirement Planning Roadshow 2018

Heartland Boy often hears that the Central Provident Fund (‘CPF’) is way too complex and confusing. Such reactions can be empathised as there are indeed many rules governing different aspects of Singapore’s unique social security system. New policies designed to improve the CPF are regularly rolled out which makes it even more difficult for CPF members to keep up to date. Therefore, Heartland Boy has always been extremely supportive of CPF’s initiatives to raise public awareness. None comes more appropriate than CPF Retirement Planning Roadshow which are typically held at the heartlands to maximise outreach. Interactive activities, coupled with...

Read More

My Experience With Crazy Rich Asians

You are probably living under a rock if you have not heard of Crazy Rich Asians by now. It is THE talk of the town and there is not a single day that goes by without the Singapore press writing something about movie. If you have not watched the Crazy Rich Asians yet, you should totally get the next available ticket at the nearest cinema! For the uninitiated, the movie is adapted from the book titled “Crazy Rich Asian”, an international bestseller. Heartland Boy watched the movie and like most others, found it greatly entertaining and satisfying. He felt that...

Read More

Do Not Rejoice At The Voluntary Early Redevelopment Scheme… Yet

The National Day Rally (‘NDR’) has often been dubbed the year most important political message in Singapore’s calendar. Unsurprisingly, Heartland Boy had his ears peeled to the English version of the 2018 NDR that took place at ITE College Central on 19 August 2018. Afterall, he considers himself a mini current affairs geek. Topics spoken had a central theme of rising cost of living. One topic that many have a vested interest in, or at least 80% of the population that are living in HDB flats, is that of decaying HDB leases. It all started with a timely reminder...

Read More

Like us on Facebook

Follow us on Twitter