Wanted to post this earlier but been busy recently.
The last update was November 2018 here. After that they did a short term promotion about increasing the Salary crediting for the next 35k to 2%. Seems like they made it permanent.
I have been hesitant to switch to DBS Multiplier for meagre increased interest rates on a lower account balance.
Seems like there's no need perhaps anymore (though the Multicurrency account is tempting for dividends, but perhaps can use FSMOne for it).
So let's do the spreadsheet thingy again.
So from the numbers, I actually yielded more by up to 0.25% for 70k! Cheap thrill I know. But it is now rather close to SSB 1 year interest, which makes it lesser reasons to change to SSB unless I max out the account beyond 70k.
I'm at slightly above 50k now while I build up my warchest again. With StepUp interests, it would be rather decent.
It is still not as great as when the account was released (I miss my 3%) but still, great job OCBC :)
Oh right, just FYI for my readers, I'll be revamping this blog via HTML (I recently realised it, stupid me), rather than setting up a new blog with a private domain name (hosting and domain fees are quite pricey for a small blog like me).
Also, I renamed the blog to sound nicer, with a different Subtitle. I asked around and no one really understood the Latin phrase which means "Each Man is the Maker of his own Fortune".
That's all for this post.
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