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Lim Qin Da

Community Lead at Seedly

Lim Qin Da

Community Lead at Seedly

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Community Lead at Seedly

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Community Lead at Seedly

Lim Qin Da

Community Lead at Seedly

  • Answers (64)
  • Questions (3)
  • Reviews (0)

Savings

Economics

Interest Rates

Savings Accounts

COVID-19

Is it possible for interest rates of high interest savings accounts to rise again?
Lim Qin Da
Lim Qin Da, Community Lead at Seedly
Level 6. Master
Answered 1d ago
Hey Anon! Given the current COVID-19 situation, I think interest rates of high savings bank accounts are unlikely to rise again at least in the near future. Although the government is pumping in money and we are slowly seeing signs of improvement and recovery, the projected recovery is slow and may take years for the economy to return back to normal. Many banks are doing the same as we see banks like SCB and OCBC slashing interest rates for their savings accounts significantly. It is possible though, for interest rates to recover when banks readjust it after the economy recovers and interest rates start to pick up. But time here is the big question and unfortunately, we could see the slashed interest rates as the norm for quite a long period of time as of now...
šŸ‘ 1

Standard Chartered

Standard Chartered JumpStart Account

Savings Accounts

Do you think Standard Chartered's Jumpstart account's interest rates will go back to 2%?
Lim Qin Da
Lim Qin Da, Community Lead at Seedly
Level 6. Master
Updated 1d ago
Hey Anon! I think there is little chance that the Jumpstart account's interest rates will go back up to 2% given the current COVID situation, at least not in the near future... Although the government is pumping in money and we are slowly seeing signs of improvement and recovery, the projected recovery is slow and may take years for the economy to return back to normal. Furthermore, not only Standard Chartered, but many other banks are also slashing their interest rates. I have recently started a jumpstart account with them too but given this situation, I do not really see the incentive for Standard Chartered to up their interest rates in the near future :( Although it is still possible for them to readjust their interest rates after the interest rates pick up, time here is a big question mark.
šŸ‘ 1

COVID-19

Career

Education

Fresh Graduates

I am a fresh grad, but similar to most of my friends, I am unable to secure a job in this COVID situation. What can I do? Should I take up an internship or are there better ways?
Lim Qin Da
Lim Qin Da, Community Lead at Seedly
Level 6. Master
Answered 1d ago
Hey Anon! If there are internships available, I would say that there is no harm taking it up! Even before COVID-19 happened, I have a few friends who managed to secure their full time jobs after taking up internships because the company valued their contributions and in turn offered a full time job to them. Even if it is in a new sector that you are unfamiliar with or something that may not be your interest as of now, take the internship as a learning opportunity and find out more about the industry/workplace that you are in - perhaps you could even be interested after you find out more! Besides internships, there are also graduate apprenticeships or training programmes offered by companies. Although the pay may not be high, these programmes will be able to provide you with several soft skills and hard skills that could benefit you in your career. Lastly, THE FORTITUDE BUDGET ! The government recently announced the opening of 40,000 jobs , as well as 25,000 traineeships for individuals to learn new skills and embark on new careers. With more salary subsidies for employers, the government has helped to ease the situation for the country and make it easier for individuals to reskill and upgrade themselves. Equip yourself with more skills and show that you can make valuable contributions to a company. Or you could see it as - make employers want you! Hope this helps and never give up!!
šŸ‘ 1

Savings Accounts

Savings

DBS Multiplier Account

OCBC 360 Account

UOB One Account

COVID-19

Interest Rates

With all the latest revisions to the savings accounts interest rates in June 2020, which will you choose - DBS Multiplier vs UOB ONE vs OCBC 360?
Lim Qin Da
Lim Qin Da, Community Lead at Seedly
Level 6. Master
Answered 2d ago
Hi Anon, To check out more about the different savings accounts available, you can click into the specific product pages located on the right side of the question. In these product pages, you will be able to see more details, ratings, reviews, as well as questions asked by the community about the respective savings accounts. This could provide you with more information and insights when you are considering among the different choices available :)
šŸ‘ 1

AIA

Investments

Fresh Graduates

Insurance

Savings

Online Brokerages

Is AIA Wealth Pro Advantage good for fresh graduates who have savings (>50k) and are new to investing? If not, what is recommended?
Lim Qin Da
Lim Qin Da, Community Lead at Seedly
Level 6. Master
Answered 4d ago
Hi Anon, To check out more about the different online brokerages available, you can click into the specific product pages located on the right side of the question. In these product pages, you will be able to see more details, ratings, reviews, as well as questions asked by the community about the respective brokerages. This could provide you with more information and insights when you are considering among the different choices available :)
šŸ‘ 1

SeedlyTV S2E07

Savings

Savings Accounts

Undergraduate

I am an undergraduate and all my money is currently in a DBS Savings Account. Are there any other better ways to grow my savings with higher interest rates?
Lim Qin Da
Lim Qin Da, Community Lead at Seedly
Level 6. Master
Answered 4d ago
Hi Anon, To check out more about the different savings accounts available, you can click into the specific product pages located on the right side of the question. In these product pages, you will be able to see more details, ratings, reviews, as well as questions asked by the community about the respective savings accounts. This could provide you with more information and insights when you are considering among the different choices available :)
šŸ‘ 0

Salary

Fresh Graduates

Career

Education

How much do apprenticeship jobs pay for poly graduates?
Lim Qin Da
Lim Qin Da, Community Lead at Seedly
Level 6. Master
Answered 4d ago
Hi Anon, According to an article by The Straits Times, Poly grads who took on apprenticeship programs that allow them to work and study at the same time are earning more than their peers in full-time employment. Poly grads who took on apprenticeships programs earn on average $2,900 six months after completing their studies, while the median salary of polytechnic graduates in full-time employment was $2,350 six months after graduation or completing national service. These numbers are however based on the SkillsFuture Earn and Learn Programme (ELP), which may differ slightly from that of Barclays and JP Morgan. If you would like to read more into the article, you can refer to it here. Hope this helps!
šŸ‘ 0

NTUC Income Drivo Car Insurance

Car Insurance

Insurance

What are the coverages for third party property damage for the NTUC Income Drivo Car insurance?
Lim Qin Da
Lim Qin Da, Community Lead at Seedly
Level 6. Master
Updated 4d ago
Hi Anon, You can take a look at this table below which I got from the NTUC Drivo Car Insurance website. Basically, it has the following coverage: ! According to the table, you are covered up to $5,000,000 for damage to third party property. Depending on whether you have the Drivo Classic or Drivo Premium Plan, there are slight differences in their coverages and you can take a greater look at it here. I suggest you refer to your policy, where it should state how much exactly you are covered and any terms and conditions that come along with it. Hope this helps!
Answer image preview
šŸ‘ 0

Career

Lifestyle

Investment Courses

Personal Finance Books

Education

Undergraduate

What are some courses or skills that can increase my chances at getting an internship out there?
Lim Qin Da
Lim Qin Da, Community Lead at Seedly
Level 6. Master
Updated 6d ago
Hi Anon, Personally as an undergraduate, I would recommend that you take up courses that you are interested in, just like the one you mentioned above to pick up a new skill! IB/FA are really broad topics so it really depends on which specific skill you would like to pick up - Excel, Investment Analysis, Portfolio Management etc. Do a quick search on Udemy or Coursera and you should be able to see quite a few of them! I feel that boosting your resume should be secondary, and the most important thing is the skill that you learn from the course that can help you in your future internships. As for programming courses, I started taking up Python courses too. Although it may seem extra, it is always good to have some tech skills everywhere you go, simply because of the automation and optimisation efforts of many companies nowadays. If you're planning to venture into Financial Analyst kind of jobs, tech skills should come in handy too! I do have Econs major friends securing IB/FA internships but start small! Build up your foundation with smaller companies before you move on to the big ones. Also because of COVID-19 this year, it may be harder to secure internships so take the time to learn some new skills and try again next year! Hope this helps :)
šŸ‘ 1

redONE

Mobile Plans

For a Singapore subscriber, can 'unlimited' data at 128kbps for redONE be used in Malaysia?
Lim Qin Da
Lim Qin Da, Community Lead at Seedly
Level 6. Master
Answered 1w ago
Hello! According to an article published by redONE, Singapore subscribers can still surf, chat and post at a reduced connection speed, with no roaming charges applied even when the roaming bundle is depleted. Looking at the footnote of the redONE plans, it states "Unlimited data usage with the connection throttled at 128kbps, depending on the user's location and prevailing network conditions." Using this page to check your roaming charges in Malaysia, it states that there is $0 charge per MB. So, I believe that you will be able to use your unlimited data at 128kbps in Malaysia! If you would like to know more about how the community feels about redONE, you could look to the right and click through to our SeedlyReviews page. Similarly, other reviewed mobile plans are also available there. Hope this helps!
šŸ‘ 0
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