BT Money Hacks2 Nov 2018

S1E25: Money Hacks Ep 25 - Are you a good saver? Is it worth enjoying higher interest rates with OCBC 360 and UOB One following latest tweaks?

Money Hacks Ep 25 - Are you a good saver? Is it worth enjoying higher interest rates with OCBC 360 and UOB One following latest tweaks?

9:10 mins

Synopsis: In this new podcast series for 2018, The Straits Times and The Business Times offer tips for the newcomer to the financial and investment scene.

Local banks are introducing higher bonus interest rates to get customers to save more. From Nov 1, 2018, OCBC customers can earn an effective interest rate of up to 3.2 per cent per annum on the first $70,000 in their savings account known as the 360 account, when they fulfil some criteria.

The move comes after United Overseas Bank (UOB) in August raised the balance amount for which customers can earn maximum bonus interest.

Customers who have a UOB One account can receive an effective interest rate of up to 2.44 per cent per annum in bonus interest on their first $75,000 when they spend $500 on their credit card and credit their monthly salary of at least $2,000 or have three Giro debit transactions.

DBS Bank has a Multiplier account which can earn customers up to 3.5 per cent per annum in interest on the first $50,000, as long as the salary is credited into the account with two or more separate transactions with the bank. The transactions can include credit card spending, investments and mortgages.

Produced by: Ernest Luis & Christopher Lim

Like, subscribe and rate our Money Hacks podcast on: Spotify: http://str.sg/oeGN iTunes: http://str.sg/oeXe Google podcasts: http://str.sg/oeGd Feedback to: podcast@sph.com.sg Do note: Any financial or investment information in this podcast is for use in Singapore only and is intended to be for your general information. Any particular investment or decision should only be made after consulting with a fully qualified financial adviser.

See omnystudio.com/listener for privacy information.

Denne episoden er hentet fra en åpen RSS-feed og er ikke publisert av Podme. Den kan derfor inneholde annonser.

Episoder(285)

S1E285: The $70,000 question: how to master your family's new financial tailwind

Singapore just pledged nearly S$70,000 per child over 16 years — but is that windfall building your family's future, or quietly funding lifestyle creep? Correspondent Howie Lim sits down with SingSave...

6 Sep 13min

S1E284: The raise paradox: why earning more never feels like enough

You just got a raise. So why does your bank account still feel broke? It’s the lifestyle creep — the sneaky force turning your bigger paycheck into the same old savings. From $8 lattes to subscription...

30 Aug 24min

S1E283: Singapore stocks aren't boring anymore — here's the proof

Your parents' "boring" Singapore dividend stocks only portfolio just had an upgrade nobody told you about. While everyone's obsessing over US tech, Singapore's equity market has quietly doubled its re...

23 Aug 15min

S1E282: Behind the institutional veil: what your bank doesn't want you to know about asset allocation

If you think your bank’s “diversified” portfolio is built for your future, think again. In this episode of Money Hacks, we pull back the curtain on the institutional world with Arki Finance founder Da...

16 Aug 16min

S1E281: The mass affluent trap: too rich for retail, too small for private banking

Your cash isn't safe just because it's sitting still — it's quietly losing to inflation while you wait for "the right time" to invest. Howie Lim gets StashAway's chief investment officer (CIO) Stephan...

9 Aug 15min

S1E280: Market noise vs real signal: are you investing or just guessing?

We obsess over what to buy, but when it’s time to sell—or hold—we often freeze. Market volatility shouldn't trigger a panic-induced sell-off, yet emotion frequently overrides strategy. In this episode...

2 Aug 16min

S1E279: Artificial sycophant or financial genius? When to trust AI

Speed is everything in investing—but is it actually the enemy of wealth? We’re conditioned to trust human advisors, but what if your portfolio manager, tax expert, and risk officer was a cold, calcula...

26 Jul 15min

S1E278: Loss of income, not identity: navigating the psychology of retrenchment

Retrenchment isn't just a career setback; it's a financial and psychological earthquake. Howie Lim speaks with clinical psychologist Dr Annabelle Chow about navigating the initial shock. What is the s...

19 Jul 21min