POSB – Cashbank Bonus

(I can’t help laughing at the POSB Cashback Bonus Kung Fu animation on POSB’s website, so it’s my featured image for this post ;p) I saw this product on 15HWW’s blog last year but I must admit that I didn’t fully appreciate the structure until I’ve signed up for DBS (aka POSB too)’s mortgage. There are parts which…

New Savings Bank – Maybank

I praised BOC lavishly to all my friends in between the point when I signed up till some time last week. What changed was a local FM airing an advertisement on Maybank’s SaveUp account. Recall Bank of China’s SmartSaver offers interest rate up to 3.55%. Maybank’s 3% shouldn’t be more attractive, but it is given how…

Choosing the Bank to Sell my Life to

The three big local banks in Singapore offers loans with spread added to the base rate – 1. SIBOR; 2. Floating Housing Rate (“FHR”); and 3. Fixed Being risk adverse, my considerations in order of priority: Low volatility Tap on existing, still low, interest rate where possible Cap on interest rate, where possible I think…

May the new beginning

I finally bought a small unit as investment property after an extensive search spanning a few years. Plenty of resources on the web with good pointers on what to look out for in an investment property, how much can you afford (check our CPF’s website for mortgage affordability calculator, I find that to be a…