Bought another insurance policy

Recently I bought another insurance policy - it's called a gym membership. I've been walking/running for nearly a year already, doing it quite consistently for 5 days a week, so I'm quite sure signing up for a gym membership will be a good insurance policy to guard against future health issues.


I signed up with the ActiveSG membership first, and following the instructions, I got a credit of $100. This was an initiative set up in 2014 to encourage Singaporeans to live a healthier lifestyle. I know I'm a bit late in claiming the credits, but better late than never. For off peak gym membership, the free credits will allow me to use the gym for more than a year for free. Anyway, it's not that important since it's one of the cheapest rates in town at $40 per 6 months. Hard to beat at this price range.

Even as my body is aching from all the physical exertions, I think this should be a great start in 2020 to boost up my health sphere even further. I'm not getting any younger, and I need to take responsibility to make sure I stay healthy for my kid. While an actual insurance policy is reactive in nature (it helps only after some health issues had happened), doing more exercise will certainly help in being preemptive (preventing or delaying some health issues from happening). Can't control what might happen in the future, but the least I can do is to build a good base when I am still able to.


Seems like I have a lot of things on my hands. Need to exercise, need to read, need to practice on piano, need to work, need to have family time, haha

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DBS multiplier account NERFED

It's the first day of the 3rd decade of the 3rd millennium and I received some news that DBS is going to nerf their multiplier account. I first heard it from Kyith (here) and the new changes, which will take effect from 1st Feb 2020 is listed here.

The major changes are that instead of dividends being under the "Investment" category, it is now grouped under a new "Income" category, which combines both the salary credit component together with all dividends received. This sucks because now, most people will have one less category to fight for the highest interest of 3.8%. I really don't want to get into some long term commitment, like buying a regular savings plan or DCA into sti etf, for something that is short term and fickle like the terms and conditions for the DBS multiplier account. I guess I'll have to contend with less interest.

The other major change is that the higher interest for the salary credit + transactions in 1 category is now applied up to a new cap of 25k only, down from the current 50k. It's not clear what they meant by this.

I take the liberty to include two scenario. But first, this is what is like currently (click if it's too small to zoom in):

This is what I think it'll be like after the changes to the cap from 50k to 25k:

Scenario 1

This is what I think it could be if they are kinder:

Scenario 2

Scenario 1 will introduce 2 tiers, first tier of 25k, next tier of 25k, then final tier of 50k. For this scenario, if you hit 3 categories including the new income category, and you also hit the max transactions per month of 30k and above, you'll get a blended interest of 2.79% pa ([2.08*25 + 3.50*25]/50 = 2.79) for the first 50k.

Initially it's 3.50% for first 50k, so that's a drop of $145/mth to $116/mth after 1st Feb. Say bye bye to the next 50k unless you buy their insurance and investment, which I am very repulsed to do so.

I don't think they are going to be kind so screw scenario 2. Ironically, in my mind, I just wanted to do scenario 2, until I actually do out the jpg to realise that it's too nice to have scenario 1 where there is a first 25k tier, next 25k tier, and final 50k and above tier.

Maybe just bloody buy their stocks and get a dividend of more than 5% pa lol

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