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(26-02-2015, 11:43 AM)swakoo Wrote: (26-02-2015, 11:28 AM)NTL Wrote: Left 2 more days. Meaning cheque clearing will be too late now.
If deposit cheque before 3.30pm cutoff time today, amount will be credited today and funds available by 2pm tomorrow. So still a few hours more if deposit by cheque.
Quote:It's actually 11mths. Locked till 31st Jan. Get full year interest even enough only put for 11mths.
Does the lock-in end on 31 Jan 2016 or 12 months from date of deposit? T&C not too clear...
I not sure, but I think some cheques need 2 or 3 days to clear... Maybe foreign banks?
As for the earmarking and interest,
Clause 5 stated:
"The earmarking by DBS will start between 1 February 2015 and 31 March 2015, and the Fresh Funds Deposit will be earmarked by DBS for the
period ending on 31 January 2016 (“the Earmarked Period”). The Fresh Funds Deposit will not be available for withdrawal during the Earmarked Period."
The interest will be calculated based on clause 6:
"Customers who fulfill the criteria specified in Clause 3 to Clause 5 above (“Qualifying Customers”) will receive a lump-sum Cash Gift of 1.88% p.a. on the Fresh Funds Deposit for 12 months
calculated based on the period from 1 February 2015 to 31 January 2016"
Hopefully I am right.
I have nothing else to say.
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26-02-2015, 12:11 PM
(This post was last modified: 26-02-2015, 12:11 PM by valuebuddies.)
I have done that few days after it was announced. $88 (hope I can get) is extra, 1.88% is good enough to beat my home loan interest of 1.2% for the next 12-months.