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Credit Card

OCBC 360

OCBC

OCBC 365 Card

Savings

Lifestyle

Bank Account

Jessica Chuah
Jessica Chuah,
Level 3. Wonderkid
Answered 4w ago
Does your company not allow other options? Most (if not all) companies should have setup their bank accounts with local banks or foreign bank with a Singapore branch, which actually allows for GIRO or FAST payment to any of the approved bank institutions. You can check out this website https://www.abs.org.sg/consumer-banking/fast. I would think you can discuss with your company's payroll or HR to see if other bank accounts (like DBS multiplier or UOB One) are possible for you. OCBC 360 is actually not too bad now after a revamp of their benefits, if I were you I would forgo the interest rate for CC since you are not able to hit the minimum required spending for the OCBC 365 CC, and the benefits of other OCBC cards are not too attractive. You can work to get higher interest rate by putting in fresh funds in future, or just by maintaining a higher average balance compared to the previous month as well. In terms of cashback credit cards, I would think Standard Chartered Unlimited Cashback, AMEX True Cashback (both have no min spending), or UOB One (min $500) are one of the better in the markets now. if you are looking at low to no requirements.

Investments

Stocks

Dividends

DBS

UOB

OCBC

Tan Wei Ming
Tan Wei Ming,
Level 5. Genius
Answered 4w ago
Hi, I am also looking into buying bank stocks too. I believe there is a correlation between bank stocks and US futures/US index. I always look at the futures to determine if it is the right time to buy. As US index closed lower so I expect the bank stocks to go down on Monday. I am looking at buying DBS and UOB. All three banks are good but I pick the ones that have higher dividend yield. DBS is giving $1.20/share for dividend from FY2018 onwards and UOB started giving $1.20 too after including the special dividend. I am looking at buying them at batches as I would expect that there is more room to drop.

Credit Card

OCBC

Aik Kai
Aik Kai,
Level 5. Genius
Answered on 24 Apr 2019
It simply means they help you fill out the application form for the credit card and they will send a courier to ask you to sign the "completed" form. They cannot sign on your behalf so they need to send to you to sign off.

Dividends

Stocks

OCBC

Investments

How was this setup done in the first place? If its through your broker give them a call to get it sorted out

DBS

OCBC

Savings

Bank Account

HC Tang
HC Tang, Financial Enthusiast, Budgeting at The Society
Level 8. Wizard
Answered on 01 Apr 2019
Your plan is right, have 1 a/c for expenses and 1 for savings / super short term emergency / investment a/c (eg. DBS multiplier if you can get the higher interest like 2.%). CIMB for emergency only get 1%, you can do a bond ladder with SSB at higher 1.95% (currently for a month). So when you need $ for emergency, use the super short term emergency account. If you need larger amount of $ for emergency and can wait for months, the bond ladder would have help balance both interest and emergency cash usage. See this on how to apply Bond Ladder: https://kpo-and-czm.blogspot.com/2018/04/dbs-multiplier-ssbs-joint-account-higher-interest.html

OCBC

UOB

DBS

Investments

Tracy Lim
Tracy Lim,
Top Contributor

Top Contributor (May)

Level 5. Genius
Answered 2w ago
On top of dollar dividend, I think what is more important is the dividend yield. i.e do take into account the entry price when you buy the stock as well! High dividends is good, but remember your purchase price is important too.

Dividends

OCBC

Blue Chips

Investments

AMA First Investment

Personally, I would encourage a structured way to learn investing. 1) Understand what are the basics, what kind of financial Instruments are available? 2) Understand yourself. What is your risk appetite and your goals. What if, the goals cannot be met if you have low risk appetite)? 3) Are blue chips really all safe? (hyflux, AIG, creative, keppel, Starhub, singtel? 4) economy changes and the effects on business (in turn affects their financial and stock market value)? 5) why does the index survive 100 years but stocks drop out of the index?

OCBC

Endowment Policies

Singapore Saving Bonds (SSB)

REITs

Blue Chips

Investments

Learn to invest on your own. Why take the chance of having your funds locked up in an endowment that offers uninspiring returns? Not to mention costly funds that won't lead to something decent? Buying into a few reits and ssb may potentially offer something on par if not better, returns wise, with the option to liquidate without much costs. Do examine the reits to see if they fit what you are looking for before buying into them. Hope this helps

OCBC

STI ETF

Blue Chips

Investments

You should try out a portfolio tracking tool like Stocks.cafe Enter all your purchase details and you can clearly see if you are profit or loss
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