I think most people reading this can definitely afford the whatever amount required for priority banking. Can anyone enlighten me on the reason to have a priority banking account?

Now I have paid off my house & car. I park most my cash in IBKR (stocks, bonds, futures). I keep my "liquid" cash in FD and MM instruments, and I make a conscious effort to ensure I'm not keeping too much cash (except when the market is insane). I haven't came across any perk that worth my effort to "ensure" myself having 300k in the bank at all time.

Maybe like they say, if you don't see the point, you're not there yet. haha.

Interesting, but it seems that they require 30% to be in CASA. All in, 3.77% is pretty good but I also can easily get 3.7% off any other promo FD (e.g. std chart 4.0%).

okay if I may add. I can see the appeal of having Ambank priority banking (unlimited lounge access!). But I'm still unsure if it worth my effort.

-yep- case close

This post has been edited by chrisderick88: Oct 8 2024, 11:51 PM