S$280 from SCB Bonus$aver Account

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For cash solutions, there are plenty of those around on robo-advisors. Cash solutions actually mean as good as cash. They can also be termed as money market solutions. In terms of allocation, they can be considered riskier than holding cash and less risky compared to bonds. Generally, the risk is lower as compared to any investments.

Cash Solutions/Management

Most of the solutions are termed as cash management. It may sound complicated, it is just another term or a financial description.

i. It can be a series of money market funds combined to get a yield.

ii. Some of these cash solutions also be cash backed by loans/mortgage/cheap loans.

iii. When there are deals or directive from a company, there can be a combination of marketing dollars and promotions. These benefits the consumers usually.

There are multiple creative fiduciary ways to get a better yield however not all are covered under SDIC. This means that if there is a bank run – Your first S$75k in the bank covered by SDIC is secure.

The SCB Bonus Saver account

Standard Chartered Bank is running an interesting promotion for customers who currently do not have a Bonus Saver Account. The clause is that you need to transfer fresh funds (Not from Standard Chartered Bank) to the newly opened Bonus Saver account.

As a result from using SingPass to apply online, you will get an additional S$30. (Total: $208 via Bonus Saver + S$30 via SingPass) Hang on there. If you sign up via SingSaver, you get a little more!

a. The first condition is to fund SGD 50,000 into the Bonus$aver account until the end of the next month. This means that if you opened the account in May, you have to keep the cash in there until end of June)

b. The second condition is to take note of the promotion end date. That will be 31 May 2021. There is still 10 days to go from today 21 May 2021. The account opening is almost instantaneous.

If you apply the Bonus Saver account via SingSaver here at SingSaver Bonus Saver Promotion

Option wise, you can choose to get a set of Apple AirPods Pro (worth S$379) or S$250 cash when you make a min. fresh funds deposit of S$50,000 + S$30 cash upon account opening. Validity will be till 2 Jun 2021.

(Total: $250 via Bonus Saver + S$30 via SingPass) Sweet.

Take note of the charges

  • After you receive your payout take note of the – Fall below fee (fee incurred if you fail to meet the minimum average daily balance of S$3,000): S$5 per month [This is the item you need to take note of]
  • Early account closure fee: S$30 (within 6 months of opening) [Close it after 6 months if you do not require this account]
  • Cheque book fee (optional): S$10 [Not required in my opinion]
  • Debit card annual fee: S$20 [I don’t think we will get there]
  • Credit card annual fee: S$214 [I don’t think we will get there]

How to apply?

If you are looking to apply for the Bonus$aver account and Bonus$aver credit card, you will have to be between 21 to 65 years old.

Click on this link: SingSaver Bonus$aver to apply.

Terms & Conditions

Check out the T&Cs here before you apply: SCB Terms and Conditions

Just a disclaimer, I don’t get anything from this. It’s just a good deal how I see it.

Disclaimer

This is not a sponsored post. This is purely my own opinion. If you like what you are seeing, do remember to check they out and do your diligence. There is no one size fits all investment strategy.

If you like what I am sharing or if it resonates with you, do use my referral codes here at Referral and Recommendations

In this article, the pictures were taken from websites for illustration only. Stay Safe!

NDP 2020 Promotion: 1 Year Free Membership from Gallery Insider

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There is an ongoing promotion for National Day 2020. That is a one-year complimentary membership for Gallery Insider. It is really good to see companies doing their part to make art and increase activities locally.

National Gallery Insider

From the Gallery Insider (link here: https://www.nationalgallery.sg/support/join/membership) –  This Gallery Insider is an annual membership programme. Insiders get unlimited access to their dynamic line-up of exhibitions, as well as privileges and discounts for selected programmes. You can also get unique museum merchandise and the Gallery’s culinary offerings at a discount. This sounds really good as it is a great time to explore such options now. Travelling is definitely not available in the near term. However it is not all doom and gloom. There are other things to do and appreciate in Singapore.

Click here at https://www.nationalgallery.sg/support/join/membership to get your FREE ONE Year Gallery Insider membership. This is worth up to $120 in value from unlimited and priority access to all exhibitions. There is a bonus perk of up to 15% discounts on dining and shopping. This is pretty decent.

Free Perk

This Free perk will end on 31 October 2020 so get it as soon as possible. Don’t forget you need to be there physically to activate your membership before October 2020.

However do note that this is for Singaporeans and Singapore PRs. Time to explore Singapore. It is not a sponsored post but I find this a great initiative and also a good way to find out more about Singapore.

Disclaimer

If you like what I am sharing or if it resonates with you, do use my referral codes for other services at https://lifejourney.blog/contact/

The pictures were taken from National Gallery website for this article.