Extremely bad start with UOB One

With the influx of posts on social media re UOB One (psst on grabpay) and the receipt of my house keys, I decided it was the time to sign up for a UOB One account plus credit card.

It was gonna be the best tool for household joint expenses and joint savings.

However, I've faced multiple hiccups that made me VERY frustrated....WHY ME?!
1. Delayed approving process led to losing out of sign up bonus
First, I signed up for the UOB One card and Account in early Oct through Singsaver's promotion. The promotion said that I'd get to enjoy cash incentive for registration + UOB's promotion of $80 cash credit with min $1k spent within 30 days of card approval. Mind you, these terms were stated to end on 31 Oct, extracted below:

S$80 Cash Credit for UOB One Account: Limited to the first 500 new to UOB Deposits customers who either (i) deposit and maintain $5,000 or (ii) credit their salary, into their new UOB account for 6 consecutive months. Terms and conditions of the UOB Online …

CIMB Fixed Deposit at >1.2% p.a

Just applied for the CIMB FD at 1.2% for 6 months with $20k.


I have been thinking if I should apply for this or park my money into shares. Guess I'm not that stocks-savvy to take the plunge.

Regardless, this FD will earn me an interest of around $120. 

With my BOC Smartsaver max out at $60k, this 1.2% interest is slightly better than me leaving the remaining money in my Fastsaver. Will keep a look out for other deals to park my extra cash. Btw, the FDs promotions this year have been disappointing.

If you wish to apply for the CIMB F.D, do note that promotion ends on 13 February 2017.

Comments

  1. Go for SSB. Can do partial redeem. Save you the time to hunt for better FD rate.

    ReplyDelete

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