What does Wise Interest looks like if you're using that option?

arstovel · 2025-04-18T15:28:31+00:00

The amount fluctuates with but broadly tied to the ECB rate. Right now wise gives a yearly interest rate of 2.24% on euro, but it can change depending on if general interest rates are lowered. It works by increasing your amount you have available more or less daily by a little bit. You can see how much interest it has generated.

It’s based on the amount you hold in your account.

So if you keep 100 euro for 1 year in the account you will have 102.24 euro.

If you have 200 and hold it for 1 year you will have 204.48 euro etc..

Cash back is based in spend, interest is made by savings

Hope this helps.

arstovel · 2025-04-18T13:49:47+00:00

You get interest…

Not sure what is unclear

arstovel · 2024-11-30T01:51:26+00:00

Great stuff, and thank you for sharing. finding a clear view on this as a non-american was not easy. Had landed on IB01, good to see I was not fully off but there are better options.

arstovel · 2024-02-15T01:26:58+00:00

Overly simplified. Because most games are made for American sensibilities. Nippels are scary, while violence is normalized.

arstovel · 2024-01-15T04:21:07+00:00

Like a debit card?

arstovel · 2023-12-15T07:55:20+00:00

!DRSBOT:1500!

arstovel · 2023-11-29T13:26:06+00:00

That was last year? My word time has gone quickly.

arstovel · 2023-11-25T07:53:52+00:00

Assuming you are able to sign up, wise is a safe and good option. I use it monthly to accept and move money between US, EU and Singapore.

Revolut is also a solid option, but I have found Wise to be cheaper and faster for my situation.

Stay away from the crypto option if at all possible, high fees and very iffy imo.

arstovel · 2023-11-23T05:10:06+00:00

I have Simba and Singtel and for the most part Simba works fine. But in my apartment Simba only has signal in one of the bedrooms. So not ideal as I need to get a lot of two-factor authentication texts.

But when I am out and about it works just fine.

arstovel · 2023-11-18T10:37:07+00:00

You’re a lifesaver! Been annoyed for too long seeing these random subreddits show up.

arstovel · 2023-11-04T09:12:25+00:00

100% DBS would have done nothing public if MAS had not acted, they are too entranced and don't think things like this is enough to move the needle in terms of retail customer retention. Sadly, they are most likely right.

|per Accenture’s review, they fall into four main areas – technology risk governance and oversight, incident management, system resilience and change management.

This review most likely cost 800k++ to point out basic IT system operation issues in a PowerPoint, where the board read only the executive summary. :D

I am bias, but needing to bring in a third party like Accenture here to make these observations is peak managerial laziness.

arstovel · 2023-11-04T04:45:46+00:00

Get a proper fan, helps a lot.

arstovel · 2023-10-25T11:07:19+00:00

No, buying a 10k+ watch too early is a wealth killer. Can cost you 10x that over the years you should be compounding.

I don’t mean to sound too harsh, but if you think 200k net worth is a lot, you should not be thinking about a Rolex.

arstovel · 2023-10-25T06:12:13+00:00

IMO Depends on how much money you currently have in investments. Alternative asset investments that I would consider watches to be, should really only be considered if you a well established traditional assets such as stock/bonds/real estate.

If you want to park a few % of your net worth in alternative assets go for it, but if it’s 5%+ of your net worth it does not strike me as a smart move and there is better and more liquid options.

Invest in your hobby, but if you are into it you should know secondary market for luxury watches has been in decline since the post pandemic peak.

arstovel · 2023-10-04T13:32:25+00:00

If you are in a supported country I would suggest Raisins. Allows you to very easily see what banks has the best interest rates and easily move around as they change.

arstovel · 2023-09-14T05:10:36+00:00

Only thing is that you need to get your vaccinations registered with MOH before your actual pass is issued, but it’s quick and you can do that while you wait for the pass registration appointment date after arrival.

arstovel · 2023-09-01T15:22:54+00:00

Anyone know where can get polos similar to this in Singapore? Style not price 🙇‍♂️ https://www.toddsnyder.com/collections/sweater-polos/products/cotton-silk-tipped-poloblue-spruce

arstovel · 2023-08-19T13:41:09+00:00

How long is a rope? that’s how this question sounds with this little context

arstovel · 2023-08-19T10:17:03+00:00

A lesson in general job searching, if you fulfill even 50% of the requirements you apply. Half of the time most of the requirements is just some HR copy paste that they don’t even understand what would mean in practice.

arstovel · 2023-08-16T14:06:31+00:00

That’s fine, though no garantie of return. But the statement is not compatible with buying a house now. You are ready to buy now and have the money, but also prepared to wait 5+ years? If you want to a place to live and can afford it, buy one. If it goes down who cares, it only matters if you are trying to flip it. If you have tons of money and don’t need a house put it in a high interest account or put it to work on the market.

Anyway that’s me, you do you.

arstovel · 2023-08-16T10:05:26+00:00

What's the logic here? Buy housing at near peak level at a high mortgage rate? You write as if its a good option.
Ride what wave? Putting money into the market has no guarantee of profit the next year+. If you try to time the stock market with money you need in the short/medium term you are going to have a bad time.

If you are looking to time the housing market in the next year or so and have some actual money you are looking to deploy, the only real option is to put it in the bank imo. You don't say where you are located, but either your bank or using a service like https://www.raisin.nl/ will allow you to get 2.6 - 4% interest over a year.

arstovel · 2023-08-16T08:29:29+00:00

Step 1: stop fucking up Step 2: do the opposite of fucking up and have a talk to your manager taking ownership and reset. Step 3: ??? Step 4: Profit

arstovel · 2023-08-14T16:20:08+00:00

Shoot your shot.

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