tag:blogger.com,1999:blog-7944902213075756335.post7252026426014824192..comments2024-03-28T23:00:40.055+08:00Comments on A Singaporean Stocks Investor (ASSI): UOB One Account or the (new) OCBC 360 Account?AK71http://www.blogger.com/profile/16832145412062954289noreply@blogger.comBlogger19125tag:blogger.com,1999:blog-7944902213075756335.post-68848950588693519362016-11-09T16:52:47.368+08:002016-11-09T16:52:47.368+08:00Hi Scopion,
Banks are only friends to those with ...Hi Scopion,<br /><br />Banks are only friends to those with money. Poor people will have a hard time trying to get a loan from the banks because banks will only lend money to people with money. ;pAK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-25268480408405520052016-11-09T16:42:03.837+08:002016-11-09T16:42:03.837+08:00Hi AK,
I think this is one of the ways how the ri...Hi AK,<br /><br />I think this is one of the ways how the rich is getting richer and the poor is getting poorer. I've even heard of wealthy retirees ability to get 2% FD because of their super high networth. Banks are customer-service based businesses like telcos, once they hook you in for that short period of 1-2 yrs, they start to make it less attractive to the consumers.ScOpIoNhttps://www.blogger.com/profile/14713294773935220558noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-68474909064224968492016-07-30T11:42:55.227+08:002016-07-30T11:42:55.227+08:00Hi Napster,
I don't think I ever had such a b...Hi Napster,<br /><br />I don't think I ever had such a blog post. I don't have a trading account with either DBS or SCB.AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-90255204509185463002016-07-30T11:12:47.858+08:002016-07-30T11:12:47.858+08:00Hi AK. I am new to your blog.
I came across one ...Hi AK. I am new to your blog.<br /><br /> I came across one post that say DBS or SCB provides the best rates for syockmarket trading, but now cannot find it. Can you irect me to it.<br /><br /><br />Thanks<br /><br />NapsterNapsterhttps://www.blogger.com/profile/00521947527742541791noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-84953865096654965332016-06-03T12:23:15.858+08:002016-06-03T12:23:15.858+08:00Hi AK,
Sorry for disturbing you at this hour. So ...Hi AK,<br /><br />Sorry for disturbing you at this hour. So your reviews on OCBC 360 vs UOB One and I thought it was really in depth. But what about OCBC Frank account? Seems quite good with an interest rate of 0.2% below $10,000. Thanks.<br /><br />Look forward to hearing from you soon!<br /><br />Best Regards,<br /> J<br />-----------<br />Hi J,<br /><br /> 0.2% is really low. You might want toAK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-75350259041342019912015-05-04T23:01:20.608+08:002015-05-04T23:01:20.608+08:00Sticking with OCBC... If the credit card linked wi...Sticking with OCBC... If the credit card linked with the account is a frank card, you can get 6% rebate for online purchases (up to S$1000). That's is another free $60 per month which adds up to $720 per year. Not everyone do so much online purchase though but just something to take note in case you can achieved that. I myself buy over S$1000 every month(due to work requirement) on air Anonymoushttps://www.blogger.com/profile/03576053644484759245noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-22713110454046168082015-05-03T22:06:50.430+08:002015-05-03T22:06:50.430+08:00Hello,
I tried mocking up the interest rate calc...Hello, <br /><br />I tried mocking up the interest rate calculation on excel. The difference is not very significant, and the obvious choice would be OCBC for simplicity for amounts below $40,000. At $40,000, both UOB (2.21%) and OCBC (2.20%) are roughly equal.<br /><br />Ideally, one should credit salary to OCBC, pay 3 bills through OCBC, spend $500 through UOB one card, and giro 3 transactions NicK Guthehttps://www.blogger.com/profile/09471004665986562357noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-77705909411437604702015-05-02T12:33:24.736+08:002015-05-02T12:33:24.736+08:00I will be sticking with OCBC360 because I am an OC...I will be sticking with OCBC360 because I am an OCBC shareholder =) If I can, I use the products/services of the companies that I am vested in. <br /><br />The starting point of an investing journey is when we list where our money is going to. After that, we ask the few questions on that business.caelitushttps://www.blogger.com/profile/13660982394128592052noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-82475768315002113802015-05-01T18:54:57.184+08:002015-05-01T18:54:57.184+08:00Thanks for cutting through all the details like kn...Thanks for cutting through all the details like knife through butter. I was halfway analysing the merits of both accounts when I was hit with analysis paralysis. Then I also recalled the hoops I had to jump through with my company's HR last year (to credit my salary to OCBC 360 from my UOB Current Account) and that was when I decided I would just stick with OCBC 360.LGhttps://www.blogger.com/profile/02795289386033011293noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-3969919509808179172015-05-01T15:42:51.827+08:002015-05-01T15:42:51.827+08:00Yes, I am referring to E$saver. Although it is a 2...Yes, I am referring to E$saver. Although it is a 2 mth term based on incremental increase, you can still benefit from it if you know how.;) So far, the bank has been promoting these for quite some times.<br />To me, this is rather useful parking facility, if you have in mind to buy shares later using their on-line trading account.rubyhttps://www.blogger.com/profile/15515652014710581365noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-59615415827070982472015-05-01T10:49:25.867+08:002015-05-01T10:49:25.867+08:00I'm sticking to OCBC 360 for the moment. Do no...I'm sticking to OCBC 360 for the moment. Do note that OCBC 365 credit card gives additional rebates for groceries, teleco bill and dining. These can form the $500 minimum spend requirement.Mao Maohttps://www.blogger.com/profile/10325600231229140321noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-12444228176344411232015-05-01T08:47:49.725+08:002015-05-01T08:47:49.725+08:00Hi Adrian,
First time commenting? Welcome to my b...Hi Adrian,<br /><br />First time commenting? Welcome to my blog. :)<br /><br />Wow! A $2K premium on a term policy? You will be insured for millions! -.-"<br /><br />It is obvious that they need to make enough money on a product in order to give you that 1% bonus interest. ;pAK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-85902939150143427222015-05-01T08:45:09.718+08:002015-05-01T08:45:09.718+08:00Hi Ruby,
You are referring to SCB E-savers? I thi...Hi Ruby,<br /><br />You are referring to SCB E-savers? I think that is a short term (2 months?) bonus rate for incremental balances only, if I am not mistaken. It is similar to the bonus 1% per annum that the new OCBC 360 will pay on incremental balances for a month. <br /><br />It would be nice if we could have 1% or 1.25% as the regular rate now. :)AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-76047473510981438892015-05-01T08:41:20.099+08:002015-05-01T08:41:20.099+08:00Hi Zax,
I think your strategy isn't allowed i...Hi Zax,<br /><br />I think your strategy isn't allowed in Singapore. We cannot use a credit card to pay another credit card's bill here. ;pAK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-53417185491320493872015-04-30T17:20:26.600+08:002015-04-30T17:20:26.600+08:00Hi AK,
I'm new to the workforce and just want...Hi AK,<br /><br />I'm new to the workforce and just wanted to thank you for all the insightful posts and comments you share on your blog.<br /><br />Just wanted to point out that the insurance/investment requirement is also applicable to their Term Insurance. But the minimum premium amount for qualifying is $2K annual. <br /><br />I'm actually looking for a term insurance after reading Anonymoushttps://www.blogger.com/profile/17850252728627173003noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-67803284969491554172015-04-30T14:20:24.830+08:002015-04-30T14:20:24.830+08:00I think the best choice is Standard Chartered. Les...I think the best choice is Standard Chartered. Less than $50K is 1.25% better than CIMB.rubyhttps://www.blogger.com/profile/15515652014710581365noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-62389818365733081192015-04-30T13:58:18.014+08:002015-04-30T13:58:18.014+08:00Any idea if we charge $500 to ocbc card and pay th...Any idea if we charge $500 to ocbc card and pay the bill with uob card? Would that fulfill on both side?Zax Yeohttps://www.blogger.com/profile/17333297838642249678noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-45858228540342444952015-04-30T11:44:49.227+08:002015-04-30T11:44:49.227+08:00Hi Wei Jian,
Thanks for fleshing out the blog pos...Hi Wei Jian,<br /><br />Thanks for fleshing out the blog post. Much appreciated. :)<br /><br />More loops and hoops to go through to get a bit more from the banks. -.-"AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-37664840652350965202015-04-30T11:33:24.174+08:002015-04-30T11:33:24.174+08:00Or if you have more than $60k, can consider moving...Or if you have more than $60k, can consider moving the credit card spending to UOB one where minimum interest is 1% vs 0.5% in OCBC. Moving bill payment across to UOB may further enrich the interest. <br /><br />Not forgetting UOB One CC will get $120 a year on rebate based on $500 spend each month, no categories. <br /><br />Bit of effort, but no free lunch yah.Leopardhttps://www.blogger.com/profile/01415914685138241200noreply@blogger.com