Best Deposit Rates Singapore

Best Deposit Rates Singapore

Best Deposit Rates Singapore: Analysis and Summary (in preferred positions) Normal Savings Accounts: CIMB StarSaver (Savings) Account: 0.80% for S$ deposits with a requirement of increasing average balance by at least $100 per month OCBC Bonus + Savings S$ Account: 0.60% with requirement of no withdrawals. Average interest rate may increase to 1.18% with minimum $10,000 fresh funds deposit per quarter …

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Best Credit Card Singapore: The Ultimate Guide

Best Credit Card Singapore

A Credit Card to use for every occasion. Find out the the Ultimate Guide to Credit Cards in Singapore that allows you to maximize your expenditure, points and cashback rebates.   Best Credit Card Singapore: Preamble I am a credit card fanatic. I always try to maximize my usage of credit cards usage such that I can get maximum benefits – I …

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Best Petrol Credit Card Singapore – How to maximize your petrol savings

Best Petrol Cashback Credit Card

Best Petrol Credit Card Singapore: Summary For petrol cards, it would largely depend on which is the petrol company you are using for your vehicle. The following are the best petrol credit cards in the market (in my opinion) as follows, Caltex: UOB One card – 21.7% Esso: DBS Esso card – 17.0% Shell: Citibank Dividend card – 18.1% SPC: UOB One card – …

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Best Cashback Credit Card Singapore – How to always earn at least 5% cashback

Best Cashback Rebates Credit Card Singapore

Cards cards everywhere but which to use. This article is about how to clock the maximum rebates from your expenditure (note: only looking at rebate cards and no comparison to points) Summary is that, there is a clear benefit to segregate your expenses according to the specific themes of the credit cards in order to attain the maximum cashback rebates from your expenditure. …

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Best Credit Card for Miles / Points: How to easily earn a return trip to Japan EVERY YEAR for FREE

Best Points Credit Card Singapore

Cards cards everywhere but which to use. This article is about how to clock the maximum number of points from your expenditure to get miles / points (Note: only looking at points cards, no comparison to rebates) Summary is that, regardless of how points are calculated by banks or financial institutions, there is a clear benefit to segregate your expenses according to the …

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Limited Time Free Luggage Bags

Credit Card Promotions

CREDIT CARD PROMOTIONS Free Luggage Bags with the American Express Platinum Credit Card or the UOB Privi Miles Card American Express Platinum Credit Card: Arguably the best Lifestyle Card in Singapore (Click here for more details) with Palate Dining Privileges and FAR Card Dining Privileges. By paying the full annual fee, get (a) $50 Ding Tai Fung vouchers (for first 600 …

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Cash Back vs Points to Vouchers / Miles – What is the Best and Smartest?

Cash Back vs Points to Vouchers or Miles

So it comes to the end of the month and your credit card points are expiring. So which do I choose, Change them to vouchers where I can get immediate rewards; OR Change them to miles, so that I potentially use the miles to redeem a flight; OR In the first place, I should be spending on a cash back card so …

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Budget 2015 – What this means now for your CPF?

Budget 2015 impact on CPF

Deputy Prime Minister and Finance Minister Tharman Shanmugaratnam announced certain enhancements to the national savings scheme in his Budget speech in Parliament on Monday (23-Feb-2015). The following are the summary of changes to the CPF as follows (starting from Jan-2016),   Singapore Budget 2015 Impact on CPF: Key Takeaways: Increased CPF Ceiling. The CPF salary ceiling will go up to S$6,000, from …

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Retirement Planning Singapore – How effective is the SRS Account?

Retirement Planning - How effective is the SRS Account

The SRS Account as a retirement tool in my view is restrictive but may be used to good effect if (a) you have sufficient liquidity already; and (b) certain financial products that are part of your investment strategy are similarly eligible forms of investment under the SRS scheme.  Therefore, you may enjoy beneficial tax savings as well as still being …

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Retirement Planning Singapore: Using your CPF SA Account to retire with $237,138 more!

Retirement Planning Singapore

“Potentially $250,000 more in your account for retirement! Just by using your CPF to your advantage” By following the below, you can, Retire with almost $250,000 more. With a steady contribution of a mere $70,000 saved regularly over a 10-year period (about $7k additional contribution a year), you can potentially enhance your retirement with $250,000 (more than 3 times of what is saved) …

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Retirement Planning Singapore: What do you need for retirement?

Retirement Planning Singapore

In our retirement planning, we are often underestimating substantially what we need for our eventual retirement that could cost substantially more than what we think we would require in today’s terms as follows, Retirement in Multiple of the amount you think you require now 10 years 1.4x 20 years 1.8x 30 years 2.5x 40 years 3.3x 50 years 4.4x   …

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History of Oil: What can we learn?

History of Oil

With the interest in oil and the dramatic drop in prices by over 50% since Dec-2014 from USD100 per barrel to slightly under USD50 per barrel, it is also intriguing to understand the history of oil and what resulted in the growth of oil in the first place. This series of videos shows how the oil industry started in the 1800s and grew substantially over …

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Travel Insurance Singapore: Reasons to Buy Travel Insurance

Reasons to Buy Travel Insurance

The reason to buy travel insurance can be numerous and is something that one should definitely consider when travelling overseas. The reason of buying is not only a financial one – a hedge against the potentially high cost that you may incur for unexpected situations such as medical expenses, emergency expenses, travel inconveniences, rental excess or theft / burglary but also …

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Introduction of Firms selling Travel Insurance in Singapore

Travel Insurance Companies Singapore

There are numerous companies that offer travel insurance policies in Singapore as follows. Incredibly, after some research, there are at least 17 companies offering travel insurance products in the Singapore market. As far as I understand, these are the firms that have a decent footprint in the market – hence perhaps more reliable. No. Names of Policy Company 1 ACE ACE (Direct) …

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Travel Insurance in Singapore (and Promotions) Review and Comparisons

Best Travel Insurance Singapore

  NTUC is the most “well known” and common plan that most people will go for but if you dig a bit deeper, there are annual travel insurance plans that are as good by other companies and at cheaper pricing. With reference to the NTUC Income annual travel plan, do see table below for my top 2 recommendations from MSIG …

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