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This post was written in collaboration with StarHub. While we are financially compensated by them, we nonetheless strive to maintain our editorial integrity and review products with the same objective lens….
The post If Your Home Has These Issues, You’re Not Maximising the High-Speed Internet Connection You Paid For appeared first on MoneySmart.sg.
So after DBS reduce the bonus interest on their DBS Multiplier Account, it is UOB’s turned to reduce the bonus interest on their UOB One Account. The UOB One have been a popular account among many because you would only need to fulfill $500 a month of credit card spend plus 3 GIRO transactions / […]
The post Now UOB Reduces the Bonus Interest You can Earn on Your UOB One Account. appeared first on Investment Moats.
A financial crisis should not be a barrier to your retirement adequacy. With the right moves, it can even be a boon.
The post How To Secure A Million-Dollar Retirement In Spite Of COVID-19 Crisis Type Market Crashes appeared first on DollarsAndSense.sg.
COVID-19 is a medical emergency, but its impact goes far beyond the healthcare industry. It has accelerated the global recession, impacting many key sectors in Singapore like retail, aviation, tourism…
The post 5 Part-Time Jobs You Can Do During This COVID-19 Period appeared first on MoneySmart.sg.
Investing your CPF monies comes with risks that you must be willing to accept. In exchange, you should also expect higher returns.
The post Should You Invest Your CPF Monies? (And How Endowus Wants To Help You With It) appeared first on DollarsAndSense.sg.
If you are 18 to 26, this StanChart JumpStart savings account should be the savings account of your choice.
Account Benefits:
Compared Against Other Savings Accounts
The 2 other more popular high-interest savings plans are the OCBC360 (effective interest of 3.45% p.a.) and the DBS Multiplier (up to 3.8% p.a.).
However, for DBS and OCBC, to get higher interest rates from these banks, you need to have performed several eligible transactions.
For example, to earn 2% interest for your first $25,000 from the DBS Multiplier account, you need to credit your salary and transact in at least 1 category (credit card spending, mortgage repayment, insurance, or investment).
However, for the Standard Chartered JumpStart account, there are no transactions required to fulfil to earn the 2% interest.
DBS Multiplier account requirements to earn higher interest.
OCBC360 account requirements to earn higher interest.
Recommended Read: What Should I Invest In This Bear Market?
Why This Is For You?
If you are someone with huge savings (>$50,000), or has a mortgage, or is investing, or has bought insurance from DBS or OCBC, then the OCBC360 and DBS Multiplier account might be more suitable for you than the StanChart JumpStart.
For young adults age 18 to 26, some are in NS, some are studying, and some are already working.
At these stages of our lives, we don’t have a lot of financial activities to qualify for the high interest given by the other banks like DBS and OCBC.
In that case, maybe the JumpStart account is a better choice for you.
Our Take:
If you are 18 to 26 years old:
Unless you are getting 2% interest on your $20,000 savings via other savings account, it might be better for you to save your money in this StanChart JumpStart account.
If you are a parent with a kid(s) that are 18 to 26 years old.
What Happens When I Reached 27
You will no longer get the 2% p.a. interest, but instead will start getting the prevailing interest rates of 0.1%
How Do I Sign Up For the StanChart JumpStart Savings Account?
You can use your SingPass MyInfo to sign up for the JumpStart account.
You can click this LINK to submit your application.
You can find out more information about the JumpStart account HERE.
BONUS
We created a referral page on our site that lists a bunch of referral codes you can use to get great deals.
One of them includes a $128 cashback if you sign up for a Standard Chartered credit card.
You can click HERE to view our list of referrals.
Is the worst over for SIA share price? In all honesty, I don’t know. At this point of writing, the number of people infected by COVID-19 stood at 784,000 and number of deaths amounted to 38,000. The epic USD2 trillion stimulus package by US government had provided some boost to the stock market. But whether this is a sustainable run or just a bull trap remains to be seen. In this regard, is this a false dawn for SIA share price?
SIA share price to rock or melt with Special Share?
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SIA share price in crisis mode
Indeed, the devastating COVID-19 has brought the entire aviation industry to its knee and roiled SIA share price to no end. With border controls tightening around the whole world, the national carrier is forced to cut its flight capacity by a staggering 96%. In the early days, I predicted a V-shape recovery for SIA share price using 2003 SARS as point of reference. But it seems that I had grossly underestimated the impact of COVID-19.
With so many aircraft grounded, the airline could be facing cash …
The post SIA share price faces brutal meltdown appeared first on SG Wealth Builder.
A quarter after DBS announced that they will change how they handle the bonus interest to their popular DBS Multiplier accounts, they announce a reduction in Bonus interest rates for the first S$25,000 deposits. This morning, DBS published an important revision notice for the interest rate for Income + 1 transactions in 1 category with […]
The post DBS Multiplier Bonus Interest on First $25,000 Reduces Slightly By 0.08% to 0.25% appeared first on Investment Moats.
If you decide that now’s the time you want to invest, the next step is to decide where to invest.
The post Pros And Cons Of Investing In Local VS Overseas Stocks appeared first on DollarsAndSense.sg.
Jessica Foreman The coronavirus outbreak has pushed every country around the world to its limits. Indeed, Singapore Foreign Minister Vivian Balakrishnan described this as an ‘acid test’ of the healthcare, governance and social capital of a country. Yet, while some countries have struggled to keep pace with events and have seemingly been in … Read more The coronavirus crash and investment opportunities
