Insurance Today

I've been receiving quite a number of enquiries regarding my previous post, where I highlighted DBS' latest Be Your Own Boss promotion as an extremely good deal.  Naturally, there were people who were skeptical.  I know, I know, mindsets are hard to change. It has been a few years since OCBC 360 became the first bank to introduce such high-yield savings, and people have been very skeptical of all the other accounts that followed after. Stubbornly still believing that OCBC 360 is the best, even though they've changed their T&Cs to reduce the interest time and time again. I've covered UOB One , POSB Cashback and BOC SmartSaver which all came after OCBC 360, and each post had their skeptics as well. The latest to join the stable is DBS BYOB , and if you qualify, it is without a doubt the highest-yield  savings account at the moment, but naturally some folks just find it hard to believe that good deals  do  exist. Well, you can continue living in your bubble,...

Looking for a savings account that doesn’t require you to jump through too many hoops for higher interest? If you struggle to meet the $500 monthly spend requirement on your credit card, there’s a new product on the market that you might want to consider. A few readers recently alerted me to DBS’ newest promotion – the Be Your Own Boss (BYOB) savings initiative – and asked me what I thought about it. Nothing gets my attention like another high-yield saving account, so I reached out to DBS and dug out more information. Here’s my take! The premise is quite simple: DBS BYOB encourages you to pay yourself first when you get your paycheck each month. This is pretty much in line with what I’ve been preaching since my very first post in 2014 (read: how I saved $20,000 in a year ), so it gets a thumbs up from Budget Babe. DBS calls this method akin to saving like a boss. At 4% per annum, that’s a pretty solid interest rate, and one that currently beats all the other high-yield saving accounts ...

For the dividend investor, real estate investment trusts (REITs) have been extremely popular over the last decade for their, giving both capital and dividend gains to investors who hold them. Photo credits: Seedly  But before you jump onto the REIT bandwagon, you need to first understand what the different types of REITs are and which you prefer to invest in. Retail REITs One advantage of retail REITs is that for most investors, it is easy for you to do your scuttlebug due diligence by simply going to their malls. Take some time to observe the location, mall architecture, tenant mix and type of shoppers. With such information, you can obtain a first-hand idea of the earning power of that mall, unlike other REITs where observing the property from within can be difficult or even prohibited. “A hallmark of a vibrant retail REIT is one whose management is proactive in organizing events, holding competitions and actively engaging people to come into their malls. Suntec REIT (T82U.SI) is...