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I ❤️Ah Tan Wings Har Cheong Gai 🍗

Samuel Yap

DBS at Banker

About

I ❤️Ah Tan Wings Har Cheong Gai 🍗

Credentials

DBS at Banker

Samuel Yap

DBS at Banker

  • Answers (4)
  • Questions (2)
  • Reviews (0)

Investments

Fixed Deposits

Which banks now have the best FD rates?
SY
Samuel Yap
Level 3. Wonderkid
Answered on 01 Apr 2020
The highest fixed deposit interest rates in Singapore ( Mar 2020 ) Maybank Minimum Deposit Amount: $50,001 Tenure: 24 months Promotional Interest Rates: 1.75% p.a. (online iSAVvy) ICBC Minimum Deposit Amount: $20,000 Tenure: 12 months Promotional Interest Rates: 1.70% p.a. ICBC Minimum Deposit Amount: $20,000 Tenure: 3, 6 or 9 months Promotional Interest Rates: 1.65% p.a. ICBC Minimum Deposit Amount: $500 Tenure: 12 months Promotional Interest Rates: 1.60% p.a. Maybank Minimum Deposit Amount: $20,000 Tenure: 12 months Promotional Interest Rates: 1.60% p.a. (with $2,000 deposit in current/savings account) ICBC Minimum Deposit Amount: $500 Tenure: 3, 6 or 9 months Promotional Interest Rates: 1.55% p.a. Hong Leong Finance Minimum Deposit Amount: $20,000 Tenure: 10 months Promotional Interest Rates: 1.52% p.a. CIMB Minimum Deposit Amount: $10,000 Tenure: 3, 6 or 12 months Promotional Interest Rates: 1.50% p.a. (online only, expires 31 Mar) UOB Minimum Deposit Amount: $20,000 Tenure: 10 months Promotional Interest Rates: 1.50% p.a. (expires 31 Mar) OCBC Minimum Deposit Amount: $20,000 Tenure: 12 months Promotional Interest Rates: 1.48% p.a. HSBC Minimum Deposit Amount: $30,000 Tenure: 6 months Promotional Interest Rates: 1.45% p.a. (expires 31 Mar) Standard Chartered Minimum Deposit Amount: $25,000 Tenure: 9 months Promotional Interest Rates: 1.45% p.a. (expires 29 Feb) Source: https://blog.moneysmart.sg/fixed-deposits/best-fixed-deposit-accounts-singapore/
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Loans

Education

Credit Cards

Miles

MileLion

Is it possible to earn miles through credit cards when paying for tuition fee loans?
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Samuel Yap
Level 3. Wonderkid
Answered on 01 Apr 2020
Yes. Banks which DO NOT award points on education payments Whenever you swipe your card at a merchant, the merchant pays a processing fee known as a Merchant Discount Rate (MDR). Part of this fee is kept by the bank, which allows it to offer rewards on credit cards. Educational institutions typically enjoy a lower MDR, which means less profit for the bank. Therefore, some banks exclude these education transactions from earning rewards points. If you hold on to credit cards from any of the following banks, you will not earn miles on education payments (defined by the MCCs 8211, 8220, 8241, 8244 and 8249) - DBS - Citibank - OCBC - UOB Banks which AWARD points on education payments The following banks do not explicitly exclude education payments in their T&Cs, which means they’re fair game for points: - HSBC - Bank of China - Standard Chartered - American Express - Maybank
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Investments

Stocks Discussion

How to open an account with Ameritrade US?
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Samuel Yap
Level 3. Wonderkid
Answered on 30 Mar 2020
Opening a brokerage account with Ameritrade: Prerequisites: 1. Your Social Security number or Individual Taxpayer Identification Number (ITIN) 2. Your employer name and address (if applicable) Actions: 1. Start Your Application - navigate to TD Ameritrade's account application page. You'll fill out some basic information about yourself (name, email, etc.) in this section, and you'll also select which type of account you want to open 2. Enter Personal Information - enter more personal information like your Social Security number, mailing address, date of birth, and employment information 3. Review and Edit Information - go through the information that you've already entered for the account and make sure everything is correct 4. Agree To Terms 5. Set Up Your Online Login - set your username, password, and security questions. And that's it: You've set up your TD Ameritrade brokerage account!
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COVID-19

COVID-19 Refunds

Travel

Is flight from Singapore to Fuzhou (Changle Int'n Airport) still possible now?
SY
Samuel Yap
Level 3. Wonderkid
Updated on 25 Mar 2020
1) It is alright to travel Fuzhou from Singapore. No, 14 days quarantine need not be served at Fuzhou. China's policies for travellers: https://www.straitstimes.com/singapore/coronavirus-which-countries-have-imposed-travel-restrictions - scroll down to AMONG COUNTRIES/REGIONS THAT HAVE BARRED/RESTRICTED TRAVELLERS FROM OTHER COUNTRIES " CHINA: Two-week quarantine for travellers who have been to France, Spain, Germany, United States, South Korea, Italy, Iran, Britain, Switzerland, Sweden, Belgium, Norway, Netherlands, Denmark and Austria in past 14 days." 2) Not necessarily but most probably. It is dependent on the province in China you travelled to. (see: https://www.mfa.gov.sg/Countries-Regions/C/China/Travel-Page) "Singaporeans travelling to China, or those currently in China and considering travelling to other provinces within China, may be subject to home or institutional quarantine for 14 days, depending on the province that they are travelling to." 3) You should be eligible for a full refund for the flight if the flight gets cancelled. (see: https://www.xiamenair.com/en-us/passengerService/ground5.html - scroll down to Miss a flight ) "If a passenger misses a flight due to reasons attributed to Xiamen Airlines, we will arrange a seat for the passenger on the next available flight. If the passenger requests a refund, such request will be handled according to the regulations for “Involuntary refunds” set forth in Xiamen Airlines General Conditions of Domestic Carriage for Passengers and Baggage."
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Level 3. Wonderkid
14PointsGoal 40
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