Search Results for: ocbc 360

Switching to UOB One Account

My emergency funds has been deposited in both OCBC 360 and Standard Chartered Bonus$aver account for quite some time now. At the start of the month, I decided to make the effort to open the UOB One account. UOB One account offers up to 3.33% interest annually for up to S$50,000. Really? There are always terms and conditions to the interest rate. The interest rates are tiered for the UOB One account. See below. Source – UOB One Account – How it works? So the effective interest is no where close to 3.33%. In order to get the highest...

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Our Net Worth – 2015 Edition

Last August, after I left my first job, I bared our total net worth on this blog. Since then, many things have happened. The Mrs left her cushy regional marketing role (too stressful and busy) in April earlier this year and I left another job just two months ago. Therefore, it’s not surprising to find some changes to our net worth. Honestly speaking, since our work density (cool term?) was probably around 60% – 70% for the past year and with the markets tanking in the past quarter, I was expecting the net worth to drop, or at most stay constant. But...

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CIMB FastSaver: Account Opened

Wow, I applied for the FastSaver account online on the 24th and it was opened on the 28th! I did everything from the comfort of my computer! I am really loving CIMB! I have 2 accounts with them (FastSaver and my previous StarSaver) and I have never ever been down to any of their branches yet! Now I have the following decent yielding cash accounts: OCBC 360 @ 2.25% (up to $60,000) CIMB FastSaver @ 1.0% (up to $50,000) CIMB StarSaver @ 0.8% (up to $1,000,000? not sure!) Along with these 2 basket case accounts: DBS Remix @ 0.05%...

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Another new candidate account to park your warchest

I was tired and on my company bus home from work. On my facebook feed, I saw this new account from CIMB, called CIMB FastSaver. 1.0% p.a. without any fees nor conditions for the first 50k, sounds like it will replace the CIMB StarSaver Savings account on my watchlist (at least while my balances are still low), no cheque book though. It is an online account similar to my prior StandChart eSavers account. Got some cash credit too though $10 for initial deposits of 1k-9.999k $50 for initial deposits of 10k-24.999k $100 for initial deposits of 25k and above...

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CIMB Fast Saver

CIMB has got a new savings account that is similar to Starsaver, but more attractive for the first 50k. Full details click here. It makes for a great alternative to the old Starsaver account. No fall below maintenance fee, no service fee, no requirements needed(UOB one, OCBC 360) and no gimmicks. Interest rate balance at two levels: 1.00% p.a for first S$50,000 0.6%% p.a above S$50,000 In addition, from 16th Sep 2015 to 31st Oct 2015, new CIMB customer will receive a cash credit with min initial deposit amount: 1) $10 for $1000 2) $50 for $10,000; or 3)...

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What do I do when everyone is talking about the market?

The STI has breeched the 3000 point mark and everyone is dishing out their views and opinions. I too was caught up in the excitement – nibbling at stocks and watching in ‘awe’ as my watch list and portfolio continue to head south. The weekend is a good time for many of us to plan our investment strategy when the market opens on Monday. However, I decided to take a step back and with my “trusty” companion (the beer of course!), I sat down to review my Asset Portfolio instead. Photo Credit and for another Asahi Super Dry Beer...

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Standard Chartered e$aver Account S$5 Fall-Below Fee From 28-Aug-2015

Public Service Announcement – Starting 28th August 2015, Standard Chartered Bank is going to charge a new fall-below fee of S$5 monthly for e$aver Account if the minimum average daily balance is below S$1,000. It isn’t on their official website yet but I’ve just received their letter. Note : there is currently no fees being charged. A perfect example of changing the rules of the game. Does anyone remember OCBC 360? As always, change is the one thing that is constant. Many of us who uses their online trading platform might be affected by it – myself included. No choice but...

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My Monthly Spending and Rebate

My wife decided to resign from her job to take care of our baby for awhile, so its more crucial now to do some serious micro management for my monthly expense. We have also employed a maid to help with the house keeping. I continue the habit of not spending cash but rather on three credit cards that are giro-ed(to prevent any chance of late payment.) My decision on the three credit cards must have some synergy with the bonus accounts out there(UOB one and OCBC 360) in order to optimize my rebate further. I use UOB one card’s...

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Savings account- Time to change!

Still using POSB savings account? TIME TO CHANGE! You must have seen recently the number of posts on OCBC 360 account on the internet, about how unfair they were to review the criteria of payout interest shortly after introducing this plan to the public. Well, I felt that way too when I heard the news, one reason being I had just switched my savings account to OCBC 360 3 months ago. Right now I can tell you that I have changed three savings account, and might soon be changing again. Why the hassle?  Well, I can’t use this money...

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Upgrade our income but not our expenses: AK’s expenses.

When I learned from a member of the audience on Monday evening that OCBC 360 is going to reduce their bonus interest by half for online payments and credit card spending, I was saddened. I have to say that it wasn’t as if it was unexpected but, I guess, I didn’t expect it to happen quite so soon. Well, it has been a good one year. Yes, it has been one year since I started my OCBC 360 account. Time does fly, doesn’t it? It is also because of the OCBC 360 account that I have an OCBC credit card again...

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POSB 1.88% – A sense of Déjà vu

Earlier this year I talked about my asset allocation and how I wanted to take advantage of POSB 1.88% promotion. My mom is a firm believer of Fixed Deposits only and when I heard about the 1.88% promotion, I jumped on it and parked half of their funds there. While on the way to AK’s evening with Friends,  I checked that I am the first 10,000 to received $88. I am delighted as this works out to 2.1% for one year. However, self doubt starts to creep in. Interest rate is rising and I wonder if I was too...

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"Mar 15" – SG Transactions & Portfolio Update"

 No.  Counters No. of Lots Market Price (SGD) Total Value (SGD) based on market price Allocation % 1. China Merchant Pacific 69 1.06 73,140.00 25.0% 2. FraserCenter Point Trust 30 2.03 60,000.00 21.0% 3. SembCorp Industries 10 4.26 42,300.00 15.0% 4. Vicom 6 6.58 39,300.00 13.0% 5. FraserCommercial Trust 11 1.49 15,840.00 5.0% 6. ST Engineering 4 3.55 13,800.00 5.0% 7. Stamford Land 10 0.56   5,600.00 2.0% 8. King Wan 5 0.31   1,550.00 1.0% 9. OCBC 360 (Cash available for investment*) 40,000.00 14.0% Total SGD 291,530.00  100.00% * Does not include emergency, social security, insurance endowment and...

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My Asset Portfolio

Most of the time, I see people listing out their investment portfolio or their assets but hardly anyone combine the both. I think it would be interesting to see how much I am investing in relation to all my assets. Hence, while everyone is talking about Keppel Corp and Keppel Land, I decided to distract myself by doing my own asset portfolio.   Since I do not own a property, my assets are pretty straight forward – Cash and Shares. I am not going to take CPF or Insurance into consideration because it is not something that I can...

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Passive Income Update: December 14

Volatility in the market doesn’t seem to be abating anytime soon. Just today, the Swiss Franc shot up by almost 30% against the $Euro. I really don’t recall encountering such MASSIVE movements of “blue-chip currencies” in a single day and such unexpected jolts do spark fears. Moreover, nobody seems to know how low oil prices could go. It’s really about expectations and if it turns out to be more of a supply glut, we could be in for a boom. However, things could get ugly if it’s the other way round. On a more personal note, I have also opened up a...

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Most Popular Personal Finance Posts on TheFinance.sg 2014

It is the year of OCBC 360/365. Comes as no surprise as even my colleagues are heading over to HR to update their accounts. Read all about OCBC  and what other posts made it to the top five. Being RICH is not about how much you have, BUT about how much you GIVE. I happened to chance upon this video from Facebook and I learned a new quote today, YAY! It’s my first time hearing this and I am deeply empowered by this quote. It is really meaningful. I am very sure there are living examples in our world as...

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