Aug 27 2018, 01:24 PM
QUOTE(Ramjade @ Aug 10 2018, 07:47 PM)
Yes need to maintain SGD3k. The SGD3k is practically stuck there and cannot withdraw earning 0.05%p.a. Even if it should drop to say SGD2999.99for for one day, you will be charged as SG banks use daily balance must be >=SGD3k.
You can withdraw but need to make sure you can earn back the fees being charged. SGD5.00 or SGD7.50/month depending on type of account.
What I did was after few months later switch my bank account to the min SGD500 one and put the balance SGD2500 to work. Close the SGD3k account.
Hi ramjade, i am a newbie here. Can share what you did with the SGD 2500 to earn better returns? I too am concerned with the low interest rate earned.You can withdraw but need to make sure you can earn back the fees being charged. SGD5.00 or SGD7.50/month depending on type of account.
What I did was after few months later switch my bank account to the min SGD500 one and put the balance SGD2500 to work. Close the SGD3k account.
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