Yep, the cashflo card is a credit card issued by OCBC, so it still counts towards the credit spend for your savings account

Hi Rachel, this hack will require some effort but it will help you maximize your interest. You will have to alternate your funds every month, preferrable with another interest barring savings account (like CIMB Fastsaver, Maybank iSavvy or Standard Chartered eSaver): 1. Mth1 = OCBC360 = $70k 2. CIMB Fastsaver = 0 Total interest = 1.5% from OCBC (Stepup=0.45% + Boost=1% + Base=0.05%) 1. Mth2 = OCBC360 = 0 2. CIMB Fastsaver = $70k Total interest = 1% from CIMB Fastsaver 1. Mth3 = OCBC360 = $70k (repeat from step 1) 2. CIMB Fastsaver = 0 Essentially, this will allow you to qualify for the bonus 1% interest from Boost. Do take note of the minimum sum requirement for OCBC360 if you've passed the first year fee waiver though.

Hi anon, If you are in the miles game, then sign up for the OCBC 90N. It's a decent all round card with 2.1mpd on overseas spend, slight edging out other cards like DBS Altitude and Citi PM, and miles can be transferred in blocks of 1000. The only drawback would be that there is no lounge access, but you could always get another miles card to fill that gap. I'll refer you to an answer I posted previously for a more indepth breakdown of the current bonuses: https://seedly.sg/questions/what-are-your-thoughts-on-ocbc-90n?aid=26741&utmsource=answershare&utm_medium=internal

Hi anon, Don't let the bonus interest on the OCBC 360 account guide your decisions. Your spending should be driven by your needs, and not your desire to earn more interest. You earn bonus interest because you have to buy something and put it on your card, not the other way round. With that in mind, if you have a difficult time meeting the minimum spend of $800, then I highly recommend that you take the OCBC 90N card, since that will reward you with miles from the first dollar. You'll have to want to be involved in the miles game though, or the card may not make too much sense for you.

Hi Anon! Since your concern is being able to hit the $500 credit card minimum spend for higher interest, I'd say OCBC 360 is a better choice? I don't have a UOB One account but it seems like earning higher interest definitely requires you to spend at least $500 on your credit card. So even if you managed to fulfil the other criteria (salary credit of at least $2k OR 3 GIRO transactions), you still won't get the higher interest if you don't hit your CC minimum spend. On the other hand, all the bonus interest you can earn are standalone categories. If you managed to hit the minimum spend + salary credit, then you'll get two categories (and very likely also the Boost & Step-Up categories since you don't that much). But if for a particular month that you don't hit the minimum spend, you'll still be getting bonus interest for salary credit (and again, likely Boost & Step-Up). Personally, when I was taking on an internship, I was still earning bonus interest from the other categories even though I couldn't hit the min. $2k salary crediting category. Hope this helps!

Hi anon, I would just skip the wealth tier altogether. You should be earning the extra interest as a result of your actions (i.e., salary crediting, spending on credit card, etc) instead of letting the extra interest guide your actions (e.g. purchasing an investment product or insurance policy that might not serve your needs). It's all well and good if you find something that suits you, but do understand that your insurance options will be extremely limited since OCBC partners with GE, and you might want to know what other insurers can offer (work with an independent financial advisor for that). On the investment side, it's usually on unit trusts, but OCBC has (as of this time of writing) a little over 500 funds to choose from. Other platforms such as POEMS will have more funds for you to choose from, and you won't have any sales charges as well. TLDR; I would just pretend the wealth tier doesn't exist and focus on salary crediting, CC spend, and increasing my average monthly balance by $500/mth.

Hi anon, You should aim to start thinking about it as early as possible. It doesn't mean you have to take action however. Aim to pick up knowledge, know your options, know their pros and cons. In the mean time, aim to grow your human capital so that your salary picks up faster; more capital to invest in is always a good thing. Investing doesn't always mean your money is locked up. You can always liquidate your investment at any time. The real question is whether you can accept the returns you will get after liquidating. Various asset classes also have different liquidty time frames. Stocks/ETFs/UTs can pretty much be liquidated immediately and you'll get your proceeds after a while. Slightly more illiquid assets will take long, say, property. You still have time. Pick up some knowledge first, as I mentioned.

Hi anon, With a $70K cap for the bonus interest, I'd recommend keeping your monies in OCBC 360. Putting it into SSBs/FD is only really something you consider if you don't need the monies and you can get more than the interest obtained by leaving it in OCBC. Try to maximise it if you can, as there are two tiers of interest (less than $35K and more than $35K) and based on hitting $70K interest, the weighted average interest on your whole savings amount is ~1.6%, which is very good for an account that only requires a salary credit and no other criteria.

Firstly, we need to have a complete understanding on our cashflow. Through this process, we will understand our earning ability and spending habit. Here is a guide to help you: https://www.blog.pzl.sg/understanding-your-personal-cash-flow/ Next, use the respective bank's online calculator to have an estimation on the potential interest to be earned from each account. Accordingly, it gives you an idea on what to expect from each account. Personally, I will prefer UOB One over the other two accounts mentioned - simpler criteria with similar yield. For your second question, it will require a more in-depth calculation to determine if the switch is worth the interest earned - use an excel to help you. Finally, before you start investing, it will be best to understand your objective. Here are some questions to help you: 1. What is your capital? 2. How will you want to invest your capital? E.g. lump sum or an amount on a regular basis 3. How long will you want to stay invested? E.g. 10 years 4. What is your risk appetite? E.g. How do you feel about short-term volatility? 5. What is your objective for investing? There are many investment tools available in the market to help you achieve your goals. Instead of focusing on the solutions, spend more time to understand yourself and your objectives. At the end of the day, these tools are to help you achieve your goals, rather than to create a goal to use the tool. Here is everything about me and what I do best.

The worth of the plan lies in its ability to fulfil your financial objectives and needs. One of the key points to note is the following: You will only earn a mere 0.6% or 1.2% extra interest for the first year while having to commit for 15 years for the endowment plan. As a result, one question to ask yourself is: does the 15 year commitment fulfil any of your financial goals for the future? Additionally, who is going to help you with the policy servicing in the future? If not, I am pretty certain that there many other tools in the market that is able to help you grow your money at a more attractive rate. Here is everything about me and what I do best.