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  Previously I have shared many articles on Ryde: What’s the best way to use Ryde: Maximisingthe undervalued Ryde Ryde Deep Dive - will my strategy last? How to secure the cheapest Ryde Vouchers Ryde Flash sales - at least 37% Discount [PSA] Up to 49% Discount for Ryde Vouchers It’s been a year since I’ve used this strategy, it’s time to do a review. When I first learned about Ryde vouchers, I was only aware of the 20% discount on Lazada,. Further digging on Shopee lead me to find even more discounts there. In my case, I’ve gotten a lot of help from friends and accumulated this amount of vouchers. It was a BIG risk on my part as none of them heard of Ryde and felt that could be a cash call before they file for bankruptcy like most other start-ups facing a lack of funding.  However, I’m still enjoying the discounts. PS: I’m already enjoying an 18% discount by using RydeFlash, so the 30% discount from the vouchers is a gigantic discount. Nevertheless, there are many learnin...

In my last article, I shared about banking with UOB One Savings account here . I’ll share how I managed to get about 6.12% of interest by switching over. So if you are looking out for a bank to store idle cash next year, you might want to consider this strategy. The Base Rate To get the base Interest rate of 5%, we need to fulfil the following requirements. Basic requirements: Spend $500 on eligible spend – credit/debit card expenditure on UOB ONE card Credit your salary of a minimum $1,600   Maintain the daily average balance of 100k As mentioned, I don’t have 100k cash lying around so I’m sharing my account with my parents and giving them interest.  Sign–on bonus This is normally called an “Online Account Opening promotion” and is only for the first 200 customers. The main thing that caught my eye is that there are various payouts for different customer tiers, i.e. new customers or existing customers but opening a new type of account. In my case, I chanced upon a 3-day flash...

[UPDATE] OCBC has updated their rates in March it's no longer attractive. In Short, T bills are more attractive now but no one knows if that will stay the same as all the demand will shift over here. To learn how to apply for Tbills using CPF OA online, refer to this link -------------------------------------------------------------------------------------------------------------------------- So OCBC has launched a  promotion fixed deposit of 3.88% p.a. over 8 months  for CPF OA. Many bloggers have covered this, should I still cover this? Absolutely…. That said, I’ll be kinda screwed if the promotion ends 28 th  February  Please don’t do this to me….. XD The 3 options I'll compare are:  CPF OA’s 2.5% MAS Treasury bills (T bills)  OCBC’s Fixed deposit of 3.88% p.a. Given that US interest rates are still rising, I’m of the view that the situation in 2 nd  half of 2023 might change and I’m biased towards higher rates. At the same time, I don’t want t...

  Missed part 1? < Click here > Ok, I’ve consolidated my savings and have more than 100k.  What's next? What's next?  Well….. it depends? Let’s go through each scenario: I can’t split my salary. The only other low-risk options are Tbills or Fixed Deposits But if I can split my salary :D Lucky you, you've crossed the main hurdle I can credit another $1,800: OCBC With OCBC , the other considerations are : Can I spend another $500? Do I have 100K to spare?  If I have less than $75,000, Salary + Save = Effective interest rate of 3.25% p.a. Salary + Save + Spend = Effective interest rate of 3.85% p.a. If I have S$100,000, I can fulfil the following: Salary + Save = Effective interest rate of 4.05% p.a. Salary + Save + Spend = Effective interest rate of 4.65% p.a. I can credit another $3,000: Standard Charted Bank In SCB’s case, there’s no tiering of balances. Spending 1.30% + salary credit 2.5% + 3 x Bill payment 0.33% = 4.13% ...

With the rising interest rates, I realized that topping up my CPF SA account might no longer be competitive. Mainly because savings accounts are giving about 4% with no lock-in period. Also, this applies to savings of  up to 100k. **This is not a sponsored post.** So who gives the best interest rate? My top pick would be UOB , even though some current promotions that UOB is offering might have expired.  Basic requirements Spend $500 on eligible spend – usually credit/debit card expenditure on UOB ONE card Credit salary of a minimum $1,600 Monthly Average Balance Total interest S$30,000 3.85% +S$30,000 3.90% +S$15,000 4.85% +S$25,000 7.80% By doing the above, this translates into: At 60K balance, the effective interest rate is 3.87% At 75K balance, the effective interest rate is 4.07% At 100K balance, the effective interest rate is 5.0025% *...