HSBC Everyday Global Account vs OCBC 360: Best Cash savings account

Sponsor: 🐂 Webull Singapore hmsg.link/sgwe...
HSBC EGA Everyday Global Account hmsg.link/hsbcega
OCBC 360 Account R6U9FDOS
OCBC Premier/Private Banking hmsg.link/ocbc...
See 🏦 BANK ACCOUNTS & PREMIER BANKING 🏦 🔗 hmsg.link/banking
_________________________________
📈 Click hmsg.link/ibkr to see my preferred broker 💹 Interactive Brokers
🌟 My referral codes: t.me/sgpromocode
📙 Advanced Credit Card Mastery Course: hmsg.link/accm
☕️ Buy my Spreadsheets at Ko-Fi: hmsg.link/shop
🔭 Telegram Group: t.me/HoneyMoneySG
📷 Instagram @HoneyMoneySG / honeymoneysg
🎵 TikTok / honeymoneysg
📧 Email (Business only): [e-mail]
🕸️ My Website: www.honeymoney...
🏦 CREDIT CARDS 💳 🔗 hmsg.link/cred...
📈 INVESTING & TRADING PLATFORMS 📈 🔗 hmsg.link/inve...
💳 MULTI-CURRENCY CARD/WALLET 👛 🔗 hmsg.link/multi
💰 PAYMENT APPS 💰 🔗 hmsg.link/pay
🏦 FINANCIAL APPS 🏦 🔗 hmsg.link/finance
💼 BUSINESS 💼 🔗 hmsg.link/busi...
✈️ TRAVEL ✈️ 🔗 hmsg.link/travel
🛡️ Travel Insurance offers 🛡️ 🔗 hmsg.link/trav...
🛍 LIFESTYLE 🛍 🔗 hmsg.link/life...
👨🏻‍💻 PROFESSIONAL SERVICES 👨🏻‍💻 🔗 hmsg.link/serv...
🎥 FILMING & SOFTWARE 🎥 🔗 hmsg.link/film
Disclaimer: The information provided in any affiliate referral or recommendation should not be considered as financial advice. The content is for general information purposes only and does not take into account your personal financial situation, goals or objectives. You should always do your own research and seek professional advice before making any financial decisions. We may receive compensation for affiliate referrals, but this does not influence our recommendations or reviews.
_________________________________
In this video, I compare HSBC Everyday Global Account (EGA) and OCBC 360 for the best cash savings account in Singapore.
Similarities:
Both offer 4.6% p.a., higher than UOB One non-promo.
SDIC insured up to S$100,000.
OCBC 360:
Fulfill salary (S$1,800), save (+S$500), and spend (S$500) criteria.
Save criteria requires monitoring incremental S$500 monthly.
Spend criteria is inconvenient as OCBC cards aren't great.
Start at S$98K, have 4 months to reach 4.65% p.a.
HSBC EGA:
3.6% p.a. bonus interest on incremental savings, plus 1% p.a. from Everyday+ rewards.
Transfer S$2,000 monthly and make 5 eligible transactions.
Use "Ding-Dong" strategy for additional interest.
No credit card spend or salary credit required.
More sustainable than OCBC 360.
Pros and Cons:
OCBC credits interest by the 7th business day of the next month.
HSBC credits 2 months after the qualifying period.
HSBC has no credit card spend or salary credit requirement.
HSBC cap at S$360,000 for the additional 1% interest.

[@HoneyMoneySG]

Sponsor: 🐂 Webull Singapore hmsg.link/sgwebull
- HSBC EGA Everyday Global Account hmsg.link/hsbcega
- OCBC 360 Account R6U9FDOS
- OCBC Premier/Private Banking hmsg.link/ocbcbank
See 🏦 BANK ACCOUNTS & PREMIER BANKING 🏦 🔗 hmsg.link/banking
_________________________________
📈 Click hmsg.link/ibkr to see my preferred broker 💹 Interactive Brokers
🌟 My referral codes: t.me/sgpromocode
📙 Advanced Credit Card Mastery Course: hmsg.link/accm
☕ Buy my Spreadsheets at Ko-Fi: hmsg.link/shop
🔭 Telegram Group: t.me/HoneyMoneySG
📷 Instagram @HoneyMoneySG instagram.com/honeymoneysg
🎵 TikTok www.tiktok.com/@honeymoneysg
📧 Email (Business only): [e-mail]
🕸 My Website: www.honeymoneysg.com

[@StickMan_Clara]

As someone who spend less and save more than $1k month this is an ideal bank account to get. Not only I do get the Salary interest but also the save 500 intrest.

[@KrauserTeoh]

great strategy!. So which calendar day of the month should I transfer the 100k from OCBC to HSBC as fresh fund and vice versa?
I see that Aug there is new promo. Any difference in that?

[@eugeneho8677]

Hey guys, need some opinion. I plan to have 2 accounts, (A)for salary crediting the other (B) is mainly for spending. I plan to transfer cash from (A) to (B) to control my spendings. A would be to mainly earn interrest and grow the account, (B) would be the spending account. Looking at it, OCBC 260 would be the account (A). But is it the best choice as account A? What would be a good account B with cashback? Im confused. Hope u all understand my question.
If i were to keep to 1 account, spending $500 is a hit or miss for me, sometimes nt able to fulfill.

[@lmy7369]

For ocbc 360 salary transfer, can we use paynow via salary transfer to clock the requirement?

[@HoneyMoneySG]

Not confirmed to work. Only salary credit from corporate accounts is 100%

[@Marty-gv4nv]

Wait , alternate between hsbc and ocbc will work? Has this been tested , someone can verify?

[@rosesay1456]

For month-1, when the 100k fresh fund is transferred in, does that already meet the “Deposit $2,000” requirement?
Thank you.

[@HoneyMoneySG]

yes

[@xmhxmh]

Banks always make things so complicated (with lot of T&C) so that they can earn from that...why don't they come out with simple idiot proof promotion like Chocolate Finance?

[@HoneyMoneySG]

Because, profit

[@johnwick-br1ic]

If you ding dong, is there any min sum you need place before you incurr any fees

[@HoneyMoneySG]

$2000 ADB for regular accounts

[@王俊凱-f2h]

are you at Batu Pahat?😂