Cherub Finance 2

For those who got inspired to bring out ur fixed deposits for better deals, save a few grands for this great UOB deal.

From 9th April till 30th April, if you open an UOB FlexiDeposit, an inital deposit of $5000 would net you $50 cash.

Minimum requirement is that you need to leave the $5,000 there for at least 3 months and they would credit you with $50.

$50 for $5000 (3mths), a simple calculation means an interest of 4% per annual.

There is a surcharge of $30 if you close the account before 6mths. And a surcharge of $2 per month if your average daily balance falls below $3000.

So even if you factor these in & u leave $5000 for 6 mths, a $50 interest means 2% per annual.
This 2% excludes the additional interest rate they give u for your account.

Thats pretty good. And thats not including an 514mbytes Ipod Shuffle that you can get at a special price of $129. (although I don't like the Ipod Shuffle)

The ipod Shuffle, with no LCD, no ability to select songs, no HDD, only flash memory. A lack of feature promoted as a feature, only Apple can do that.


I really like this UOB deal a lot. I'm setting up a sole account and probably a few joint accounts with my siblings. And no, I'm not working for UOB (or whatever banks). I just like to share some good things. So if u have some funds, go get some higher-interest stuff like this special deal.

And thanks to KnightofPentacles for his earlier comments on bonds and securites.

See? information is wealth.