Asked by Anonymous
Asked 2w ago
What are your experiences? Or are there any major red flags?
This is super interesting. Seems like a pretty interesting option to be honest!
The interest rate looks very competitive against other products with no requirements (eg CIMB FastSaver 1% p.a and SCB Jumpstart for people under 27 years old, 2% p.a for first $20k)
You can find the full details here: https://vividcard.sg/. I personally have not tried it but I am looking at all the details about this account here.
TL;DR: Some things to note:
Unlike other savings accounts that offers high interest rate, the Vivid Savings Account do not has multiple conditions to earn the high interest rates or complicated interest tier.
As for the Vivid Prepaid Mastercard, unlike credit or debit card, there is no minimum income requirement, no annual fees, no monthly bills or late payment penalty charges to worry about. You spend only what is on the card. And unlike conventional card, the Vivid Prepaid Mastercard comes with a dynamic CVC making it safer for online shopping.
Top Contributor (Oct)
So far just on onboarding experience (will continue to update review as it plays out).
Older review on product features below.
Been poking around this space lately and had an anon raise question about FlexM recently. On impulse, I tried out to see how their offering compares, unfortunately, got limited bandwidith so can't run through whole process on this one. Did a bit of desktop research and impressions below. Would love to hear from anyone who actually tried out whole process.
Overall, worth a looking into if you are going to be putting a significant balance in the system due to interest provided. Just be careful of the fees.
8 Nov - Added actual experience for initial online sign up