Time to transfer out some of your liquid cash from CIMB starsaver to your DBS/POSB account. You first have to register here. The amount go by multiples of $1000(max $20,000).
Once you register and demarcate the amount you want to deposit, transfer a single sum of between $1000-$20,000 to your POSB/DBS by 31st Dec 2014. The amount you transferred will be treated as a Fix Deposit which means you will not be able to use it for 6 months(something to take note of). The cash gift of 1.5% pa of the amount transferred will be credited to your designated account(max $148.77) by 30 June 2015.
The amount transferred have to be from other banks and not from DBS/POSB itself. Those transferring $10,000, you can use FAST transfer as it is capped at $10,000. Those who is transferring $20,000-$11,000 can use normal adhoc transfer(have to wait 2-3days). Quite a good deal in my opinion, more risk free value for your liquid cash.
Does that mean i get 150 + 150 on june 2015 or is it just a normal fix deposit 6mth @ 1.5% pa?
ReplyDeleteIts a normal 6mth Fix D @1.5% pa max 20k. Best fix D rate for this tenure.
DeleteNew update: *FAST credit (Fresh Funds Deposit that is more than SGD 10,000 via FAST, more than one (1) FAST credit is allowed) and MEPS receipt.
ReplyDeleteWow POSB reacted fast to my post lol.