facebookIf you win 1 million from Toto, will you open a Priority Banking account? Why/why not? - Seedly

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Anonymous

13 Apr 2023

βˆ™

General Investing

If you win 1 million from Toto, will you open a Priority Banking account? Why/why not?

Just curious cos keep seeing the rewards for applying and they look quite attractive

Discussion (24)

What are your thoughts?

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I would open UOB priority account coz they do not require me to leave my funds with them for the entire term and I get to enjoy their comfy lounge even if my funds are drawn out for other uses as long as I leave some funds behind in the account.

There is no free lunch. Read through their fine prints. If I am not required to lock in my funds nor to invest through them, I certainly welcome the perks.

Of course, why not? 2-3 priority accounts.

  • get the welcome bonus: few hundred bucks.
  • invest to whatever other guys suggested below: buying funds, stocks, bonds, etc.
  • grab the combo bonus, like extra high FD with short promo period.
  • use the analyst bankers to gain knowledge. Not necessarily buy products from them, learn and dicern.
  • better forex rate sometimes (if you need)

Nope jus put them in different banks or invest...

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