Anonymous

07 Jun 2019

∙

Priority Banking. Worth the switch or not?

I just manage to finally save up to 250k assets(stocks and cash). Should i transfer all of it to a bank to achieve priority banking? i want to know if it will be worth it, the improved service and better advises from bankers. Or should i just stay at normal banking?

3

Discussion (3)

What are your thoughts?

Learn how to style your text

Yang Teng

07 Jun 2019

You can look through the benefits here: https://theshutterwhale.com/blog/2016/2/4/a-gui... if it interest you. If it doesn't, better keep the money where it is. Personally I would be thinking about the 175k not insured.

Reply

Save

View 2 replies

Write your thoughts

Related Posts

Is it worth to sign up for priority banking?

Has anyone invested through priority banking accounts (e.g. HSBC Premier, SCB Priority or CitiGold)? What are the benefits versus investing via non banking platforms (e.g. Interactive Brokers)?

Currently I'm using a Macbook, and I've been using iPhone for the past 7 years. Is it worth switching out now that iPhones are so expensive? Is it hard to switch over? What should I switch to?

My HDB housing loan is left with about 96k. Is it wise to switch to a bank loan now? Will bank loan to amount less than 100k?

When people mention the goal of "saving $100,000 by age 30", are they referring to cash in the bank or net worth including investments? Isn't $100,000 too much to have in the bank?

Related Products

Standard Chartered JumpStart Account

4.8

778 Reviews

Maximum Interest: 2.50% p.a. for balances up to S$50,000

INTEREST RATES

$0

MIN. INITIAL DEPOSIT

$0

MIN. AVG DAILY BALANCE

DBS/POSB Multiplier Account

4.4

321 Reviews

OCBC FRANK Account

4.7

211 Reviews

Related Posts

Is it worth to sign up for priority banking?

Has anyone invested through priority banking accounts (e.g. HSBC Premier, SCB Priority or CitiGold)? What are the benefits versus investing via non banking platforms (e.g. Interactive Brokers)?

Currently I'm using a Macbook, and I've been using iPhone for the past 7 years. Is it worth switching out now that iPhones are so expensive? Is it hard to switch over? What should I switch to?

My HDB housing loan is left with about 96k. Is it wise to switch to a bank loan now? Will bank loan to amount less than 100k?

When people mention the goal of "saving $100,000 by age 30", are they referring to cash in the bank or net worth including investments? Isn't $100,000 too much to have in the bank?