PREMIER BANKING IN SINGAPORE | What is it?

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  • เผยแพร่เมื่อ 12 พ.ย. 2024

ความคิดเห็น • 35

  • @sheb852
    @sheb852 10 หลายเดือนก่อน

    Thank you for the video. I'm already with OCBC and I think I'll just stick to them. I also don't spend very much, no point for me getting fancy credit premier cards/perks. I don't travel much too, don't think the voyage card suits me after more research. Thank you for the useful video again!

  • @MargaretChow-b9i
    @MargaretChow-b9i ปีที่แล้ว +3

    Hi Justin, any idea if the 3-5 percent and potential upside to 17% per year is still available through OCBC premier/your rm?

    • @JustinSng4
      @JustinSng4  ปีที่แล้ว +1

      Hey sorry for the late reply! It's available through all Premier RMs! Just that the interest might vary as of now.

  • @crayon1581
    @crayon1581 ปีที่แล้ว +2

    The rich able to get so much perks for being rich 3pct guaranteed interest with
    Upward 17pct interest hmm that's some crazy deal in this time around. Rich grows richer ,poor staying the same.

    • @JustinSng4
      @JustinSng4  ปีที่แล้ว +5

      "The rich only get richer" has been the case for decades and will still be the case in the future. Which is why I believe that we should take a little risk sometimes because playing by the books and being super conservative isn't going to get us to the next league unfortunately 🥲

  • @KUSHYkwish
    @KUSHYkwish ปีที่แล้ว +2

    Thanks for the informative and honest videos!

    • @JustinSng4
      @JustinSng4  ปีที่แล้ว

      Most welcome & thank you!

  • @tastylambstew
    @tastylambstew ปีที่แล้ว +1

    Very informative, thank you!

    • @JustinSng4
      @JustinSng4  ปีที่แล้ว

      Most welcome, and thank you too!

  • @patricktan9990
    @patricktan9990 ปีที่แล้ว +4

    Great video, but i think you might have confused priority/premier/treasures private with private banking. There are actually 4 tiers to it.
    Eg. Ocbc Private Bank is actually Bank of Singapore.
    Dbs Treasures Private (aum 1.5M) =/= Dbs Private Bank (aum 5M)

  • @Bambotb
    @Bambotb 7 หลายเดือนก่อน

    How different is ocbc PM in malaysia vs Singapore ? In malaysia you don’t get taxed on interest like you do in Singapore 15% seems better to go for malaysia no ?

  • @HermesSLKM
    @HermesSLKM ปีที่แล้ว +2

    Hi can I check with you for point 3, do they offer you better mortgage rates? So far for your 200k in Ocbc, after depositing it and invested into securities, do they count towards the 200k minimum? Or you need to maintain strictly 200k cash? Thanks

    • @JustinSng4
      @JustinSng4  ปีที่แล้ว

      Hey Shawn, so sorry for the late reply! Yes they are able to deviate for mortgage rates by a bit, that is up to the Mortgage Banker/ Spec. And yes they do count towards the $200k minimum! No need for it to be strictly cash. For e.g. $100k cash + $50k in UTs + $50k in FDs = $200k AUM.

  • @temasekb
    @temasekb ปีที่แล้ว +1

    Instead of depositing 200k in the account to qualify, does having a PF of 200k via their OCBC securities count?

    • @JustinSng4
      @JustinSng4  ปีที่แล้ว +2

      Hey there, sorry for the late reply! Yes it does. For e.g. $100k cash + $50k in UTs + $50k in FDs = $200k AUM.

  • @cassiecandle5950
    @cassiecandle5950 ปีที่แล้ว +2

    Are the perks of being in 1 Private Banking better than being in 3 Premier Bankings?

    • @JustinSng4
      @JustinSng4  ปีที่แล้ว +2

      For one, in Private Banking you get access to some investment instruments that Premier Banking clients don't even get access to (but of course risks in these investments are far higher).
      My answer is subjective but if you were to ask me, I'd pick being a Private Banking client in just 1 bank over having money in 3 different Premier Banks for the sole reason of accessibility to other instruments. 1 Private Bank can offer you many more services than 3 Premier Banks combined.

    • @mintico
      @mintico ปีที่แล้ว

      Yes!!! Private banking is the real benefits. Premier is joke
      The RM and support team you get with private benefits is more power lah 😊

  • @jimw8615
    @jimw8615 7 หลายเดือนก่อน

    How to get better FX as a P banking? Thanks

    • @JustinSng4
      @JustinSng4  7 หลายเดือนก่อน

      I believe you can check with your RM if they can give you a better spread/ rate.

    • @jimw8615
      @jimw8615 7 หลายเดือนก่อน

      @@JustinSng4thanks

  • @JJOlajideOlatunji
    @JJOlajideOlatunji ปีที่แล้ว +1

    Possible for some fintech companies or fintech topics

    • @JustinSng4
      @JustinSng4  ปีที่แล้ว +1

      Any specific ones to suggest? 😬

    • @JJOlajideOlatunji
      @JJOlajideOlatunji ปีที่แล้ว +2

      @@JustinSng4 like career wise , is fintech good for the future and maybe u could talk about your career job that u are doing and ur future plans and like pros and cons of fintech

    • @JustinSng4
      @JustinSng4  ปีที่แล้ว +1

      @@JJOlajideOlatunji i’ll try to put together some content in the future 👍🏻

  • @iBoredization
    @iBoredization ปีที่แล้ว +1

    Why OCBC though?

    • @JustinSng4
      @JustinSng4  ปีที่แล้ว

      Most of my money was already in OCBC plus I was already using the standard VOYAGE card by OCBC, so it was more for convenience that I decided to go with OCBC than anything else because the upgrade to PB came with certain perks that I could utilize instantly as opposed to transferring all my money to another bank, applying for a new CC etc.

  • @Ali-tt8tv
    @Ali-tt8tv ปีที่แล้ว +1

    Thanks very informative

    • @JustinSng4
      @JustinSng4  ปีที่แล้ว

      Most welcome, and thanks Ali!

  • @joey_yong
    @joey_yong ปีที่แล้ว +1

    Good video, very useful

    • @JustinSng4
      @JustinSng4  ปีที่แล้ว +1

      Thank you 🙏🏻

  • @syahmiakram3925
    @syahmiakram3925 ปีที่แล้ว

    Did y'all know? Your deposit money to the bank balance sheet is a liability to them? Narrowing your segment to priority is to only make them more easier to turn your deposit into their asset by offering insurance or unit trust scheme.

  • @mariantia926
    @mariantia926 ปีที่แล้ว

    Even the premier customer also hv their expectation that the quality of humanity like trustworthiness, honesty, humbleness, else u think only upfront sweet talk they will hand over their wealth onto a stranger's hands so easily?? 🤔 🤔 even if u hv under study their background, their likes n dislikes.. The money world.. 😂 😂 .

  • @LimbovitschHaim4Mir
    @LimbovitschHaim4Mir 10 หลายเดือนก่อน

    there is a very simple answer,
    SIMPLY GET 100K GO OPEN ONE;
    AND ANSWER US; WHAT IS THE DIFFERENCE....

    • @jimw8615
      @jimw8615 7 หลายเดือนก่อน

      Allo. 1M. U blind?