Anonymous
Asked on 02 Jun 2018
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3 answers
Answers (3)
Tan YB
Answered on 10 Jun 2018
If there is salary going in, suggest ocbc 360. And to use cimb only if you reach the ocbc $70k limit for bonus interest / if you don't Wana put more than $50k in one bank.
Can use ocbc 360 for monthly bills as well to earn higher bonus interest
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Pascal S
Answered on 03 Jun 2018
A complex question with multiple scenarios...
Some pointers,
As a rule of thumb, having a bank account like CIMB Fastsaver for savings is good, while OCBC 360 for anything else from Credit Card, Loan, GIRO payments, etc.
Money goes where you will conduct most transactions from, i.e. OCBC, then it from OCBC, the money goes into another bank account (e.g. CIMB Fastsaver) for savings and from OCBC, money goes into investment (e.g. OCBC Securities or whichever other platforms)
Limit yourself to no more than 3 bank accounts, while 2 is great and having all transactions into 1 location is best.
Hope it helps
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Charmaine Ng
Answered on 02 Jun 2018
Hi there, a few questions to think about/clarify:
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