If you're in the advanced/golden age range, your objective is income preservation.

Unless you have extra cash to spare for, high risk and high volatility investment won't suit the playbook.

This post has been edited by CardNoob: Aug 5 2019, 03:59 PM

Yes,.. I would agree with you on your current situation. Hence, I always say - learn investments by starting as early as possible,...

Otherwise,... when age catches-up with us,... we will have to be satisfied with lower-return instruments in order to maintain safety. With today's low-yield environment everywhere in the world,... will lower-return instruments yield enough for our survival in our retirement years ?

Only we ourselves can answer this question. And as we continue to ponder this question : the FD real yields keep dropping.......

A larger nestegg will of course, return more in absolute sense, even at low yields,...

For those who got UOB Stash account, do take note that their earned interest is a tiered structure.

The final amount interest earned for amount < RM 100k is not as per advertised under Total Rates column. What you received is equivalent to EIR column rate.

Look like a very good deal for this.. tier 1 n 2 is it bonus interest? do u have the full tnc?



This post has been edited by mamamia: Aug 10 2019, 06:04 AM

Well, cant beat OCBC 360 still

Anyone knows how the interest calculation works for UOB ONE? Is it Base + Tier 2 if fulfill all the conditions or get Tier 2 interest only instead. If I am not mistaken, the bonus interest is only applicable to the first 50k deposit last time. I don't know if anything has changed since then. Anyone with UOB ONE Account can share how it works?

Each month:
Example 1 : Saving: RM5k, Spend RM500 UOB Credit card. Answer: Base + Tier 1 = 0.10 + 1.80

Example 2 : Saving: RM30k, Spend RM500 UOB credit card. Pay 3 bills using UOB fund transfer, RM50 for bill A, RM60 for bill B, RM70 for bill C. Answer: Base + Tier 2 = 0.10 + 3.80

Example 3 : Saving: RM50k, Spend RM500 UOB credit card. Deposit RM2500 to UOB one account. Answer: Base + Tier 2 = 0.10 + 3.80

i think now the best interest saving account is alliance saver+ ?
RM100k min @ 3.5%

Thank you for your reply. Is it based on your actual experience or your assumption on how it works? How about for this scenario: -

Saving: More than RM100k, Spend RM500 UOB credit card. Deposit RM2500 to UOB one account.

Answer: Base + Tier 2 = 2.65 + 2.65

or

Answer: Base + Tier 2 = 2.65 + 0

Assumption. The table list is not clear enough?

Saving: > RM100k. If Spend RM500 UOB Credit card. Deposit RM2500 to UOB one account.

Answer: Base + Tier 2 = 2.65 + 2.65.

It a tiered interest and EIR matters.
Before revision, max EIR is merely 3.05% pa

Here's the term and condition. Table list of 'Fulfilled Bonus Interest Criteria Monthly' in page 18. Some examples in page 19.

Link:
https://www.uob.com.my/web-resources/person...asa-tnc-eng.pdf

I have read the T&Cs. That is why I am confused.



According to this, the Bonus Interest will be payable on the Average Day-End Balance up to RM50,000 for that calendar month. However, there is a 3% rate for balance above RM50,000. This does not make sense at all unless the 3% includes the interest from the base interest (it is cumulative instead of separate). The rates shown on the T&C are outdated btw. The T&C is very poorly written indeed. The calculation method is supposed to be separate for base interest and bonus interest but is should be added up if there is a cap on the balance. Or they changed the conditions but forgot to update it.


I am aware of that but what I am not sure about is the max EIR of 3.05% applicable only on the bonus or on the total interest earned.



This post has been edited by Nom-el: Aug 14 2019, 07:04 PM

This is a rough estimation of interest can be earned if you have RM 100k as MAB in your ONE saving account with Tier 2 requirement fulfilled:

Amt	Base (%)	Tier 2 Bonus (%)	Base Interest Earned	Tier 2 Bonus Earned	Total Earned	EIR (%)
10000	0.1	2.8	0.82	23.01	23.84	2.90
20000	0.1	2.8	1.64	46.03	71.51	2.90
20000	0.1	2.8	1.64	46.03	119.18	2.90
25000	0.1	3.8	2.05	78.08	199.32	3.23
25000	0.1	3.8	2.05	78.08	279.45	3.40

MAB: monthly average balance != amount in the amount of the last day of the month
Also, you need to ensure that your MAB never exceed RM 100k; otherwise, your EIR is 2.65%.
Interest earned should be cashed out so that your MAB is always <= RM 100k

P/S: If I make any mistake, I apologize upfront as I'm not from banking background.

This post has been edited by CardNoob: Aug 14 2019, 08:03 PM

When I opened the Privileged Savers account with SCB, I immediately bought a Insurance Savings plan worth about RM 1K monthly and use the SCB CC to auto-debit monthly the premiums.
Settle 2 conditions at one go.

You may want to consider this too:
https://av.sc.com/my/content/docs/SCBMB-fix...19-campaign.pdf

You're cleary HNWI.

This post has been edited by CardNoob: Aug 14 2019, 08:13 PM

HNWI? Not in my books!

Anyways, I usually do not prefer "short term" 6-months FD rates then reverting back to board rates. Also the 70:30 ratio effectively lowers the advertised 4.7% FD rates.

If i read correctly using the assumption of 100K

70K @ 4.7%
30K @ 0.5%

After 6 months total Interests earned is 1,720/100,000 = 3.44%, no?

If u put 30k to PSA, u will earn 4% or up to 6%

Yes, which is why I am not much of this kind of promo. Last I took advantage was the OCBC 4.2% FD for 12-months with no other conditions except fresh funds.