Brand New Year 2015
A brand new year- 2015. And let continue to build our bigfatpillar in this New Year!
It been a long time since i last took any sunrise picture, after my camera spoilt for nearly 1 year. Finally today i made my first sunrise picture trip for 2015 after i purchase another second hand camera and with a new Sigma len. Note: I took this picture with D7000 and Sigma 17-50 len.
As usual for any New Year in the past, i went through my financial status for my family and my parent and i sourcing the web for information on Singapore high interest saving account and i came across this good article. One general finding, almost all banks now provide new scheme of saving account with higher interest rate,which i reckon was due to new MAS ruling. And in this article, I summarize some of the highest interest rate savings bank deposits in here and of course the full credit go to http://www.moneylobang.com/deposit-rates-promotion.php for providing the information.
Type and Tenure : Citibank InterestPlus Savings Account with no fixed tenure
Deposit Amount and Effective Interest Rates :
– Extra 3.50% Interest rate when you insure, invest, take a home loan and spend on your Citibank Credit Card
– Highest possible effective interest rate is 3.50% for first $50,000
Details :
– Earn up to 3.5% p.a. bonus interest on the first $50,000 in your account
– Minimum initial deposit of $2,000
– Complimentary cash withdrawals from Citibank ATMs overseas with no processing fee and instant fund transfers
– Personal Banker take care of your financial needs when you have balances above $50,000
Promotions :
Earn bonus interest when you do all or any of these
– Earn 1.2% p.a. when you insure and have monthly premium of $250 for 12 months or a single premium of $25,000
– Earn 1.2% p.a. when you invest $250 monthly for 12 months in a Regular Savings Plan or Lump sum of $25,000 in Unit Trusts
– Earn 1.0% p.a. when you take up a Citibank Home Loan of at least $250,000
– Earn 0.1% p.a. when you spend $25 monthly on your Citibank Credit Cards
Continue to earn the bonus interest for the next 12-month period if you take up another insurance or investment
In addition,
– Fund $50,000 into your Citibank InterestPlus Savings Account and complete a personal financial report and an investment risk profile to get $150 shopping vouchers
– Fund $10,000 into your Citibank InterestPlus Savings Account and get $20 shopping vouchers
Click here to go to Citibank website for more details
Type and Tenure : OCBC 360 Account with no fixed tenure
Deposit Amount and Effective Interest Rates :
– Extra 3.00% Interest rate when you credit your salary, pay any 3 bills and spend at least $400 on your OCBC Credit Cards every month.
– Highest possible effective interest rate is 3.05% for first $50,000
Details :
– Minimum initial deposit of $1,000
– Minimum average daily balance of $3,000 ($2 fall below fee is waived for first year)
– Comes with Singapore’s first Online Banking tool, Money In$ights to help manage your budget, track your savings and categorise your expenditure
– Make interbank transfers instantly with FAST – an industry wide service which allows for instant fund transfers between banks
– 360 Account comes with a YES! Debit Card
Promotions :
Monthly interest rate is derived as follow
Earn base interest of 0.05% per year for account balances of up to $200,000
Earn base interest of 0.15% per year for account balances of above $200,000
– The minimum salary amount to credit is $2,000
– Bill payments must be made using OCBC 360 account with OCBC Online Banking
– The maximum interest is 3.05% per year
– You will get bonus interest on the first $50,000 of your account balance. On the months you do less, you will get less bonus interest
– You will receive this bonus interest by the 7th business day (exclude Saturday, Sunday and Public Holiday) of the following month
Click here to go to OCBC website for more details
Type and Tenure : Standard Chartered Bonu$aver Current Account with no fixed tenure
Deposit Amount and Effective Interest Rates :
– $3,000 to $25,000 @ 1.88% with min spending of $500 monthly
Details :
– 1.88% p.a. on your savings (up to $25,000) with a minimum spend of $500 per month on your Bonu$aver World MasterCard Credit Card or Debit Card- Bonus interest is only applicable on first $25,000 deposit
Promotions :
– Sign up with a min deposit of $3,000 and get an American Tourister lugguage worth $170 for free OR sign up with a min deposit of $50,000 and get an additional $100 cash back plus the American Tourister lugguage for free (Until 31 Jan 2015)
– Sign up at a online with a min deposit of $3,000 and receive a FitBit Flex worth $129 for free OR sign up with a min deposit of $50,000 and get a Samsung Galaxy Tab 3 (7.0″) Wifi worth $298 for free (Until 31 Jan 2015)
Click here to go to Standard Chartered website for more details
Type and Tenure : Standard Chartered e$aver Account
Deposit Amount and Effective Interest Rates :
– Below $50,000 @ 1.20%
– $50,000 to $199,999 @ 1.25%
– Above $200,000 @ 1.35%
Details :
– From now till 31 January 2015, top up or open a new e$aver account with fresh funds to enjoy a high interest of up to 1.35% p.a. on your increment balance (compared to October’s 2014 average daily balance)
Deposit Balance and Interest Rate
Below $50,000 @ 1.20%
$50,000 to $199,999 @ 1.25%
Above $200,000 @ 1.35%
– No minimum deposit, minimum balance or early account closure fee
– Flexibility to withdraw your money at any time with no penalty
Click here to go to Standard Chartered website for more details
Type and Tenure : Maybank iSAVvy Savings Account
Deposit Amount and Effective Interest Rates :
– $5,000 to $49,999 @ 1.10%
– $50,000 to $199,999 @ 1.18%
– Above $199,999 @ 1.30%
Details :
– Earn an attractive rate of up to 1.30% p.a. on iSAVvy Savings Account
– Promotional interest rates are applicable for minimum deposit amount of $5,000
– This promotion is available from 1 October 2014 to 31 January 2015
– Bonus interest is awarded on the incremental average daily balance in the account during the promotion period against the average daily balance in September 2014. Prevailing interest rates will apply after the promotion
– The average daily balance of the account is determined by computing the sum of every day-end balance in the Account in that month divided by the number of days in that month
– Incremental average daily balance must be a minimum of S$5,000 to be eligible for the bonus interest
Click here to go to Maybank website for more details
Type and Tenure : Bank of China Multi Currency Savings Account with no fixed tenure
Deposit Amount and Effective Interest Rates :
– $20,000 to $49,999 @ 1.25%
– $50,000 to $99,999 @ 1.30%
– Above $100,000 @ 1.375%
Details :
– An initial deposit of $1,500 equivalent is required
– $3 will be charged if the monthly average balance is less than $1,500 equivalent
– Comes with the new BOC Great Wall International Debit Card and Internet Banking facilities
– Promotion is valid for individual customers who open a new BOC Multi-Currency Savings Account (SGD) with participating funds of at least $20,000. Customers with existing BOC Multi-Currency Savings Account can top up with participating funds of at least $20,000 to be eligible for this Promotion
– Receive bonus interest upfront with no limit to how much interest you want to earn
Click here to go to Bank of China website for more details