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Tag Archives for " UOB "

UOB Life Sold to Prudential

UOB announced yesterday the sale of their life insurance business, UOB Life, to Prudential for S$428 million. Completion of the Sale is scheduled for 31 January 2010 or such other date as parties may mutually agree. As part of the sales agreement, UOB will also start offering Prudential’s life, accident and health insurance products through their […]

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Yield 15 and 20 Redemption Offer From UOB

UOB has made a buyback offer to the 4000 customers who purchased Pru Yield 15 or Yield 20 through them. Investors will be able to redeem back their principal less any interest they have already received if they opt for UOB’s offer by 6 Nov 2009. This works out to be $0.88 for Pru Yield […]

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Beware of Fake Online Banking Sites

Our three local banks – DBS, UOB and OCBC have been the target of scammers/phishers recently. Computer trojan programs installed into infected computers can trick users into revealing their internet banking passwords.  The login page looks very similar to the actual one, except are a minor difference.  Here’s how the fake DBS login page looks […]

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Singapore Government to Guarantee all Deposits

In a joint press statement issued by MAS and Ministry of Finance yesterday night, the Singapore government announced that it would guarantee all Singdollar and foreign currency deposits of individual and non-bank customers in licensed banks, finance companies and merchant banks.  The guarantee of up to S$150 billion will be more than enough to cover […]

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UOB CashPlus Promotion

I found out yesterday that UOB was offering a 2.88% p.a. promotional interest rate for balance transfers from a CashPlus account. The current market rate for a promotional balance transfer is around 3.88% p.a. There are also interest free offers around but typically these come with an admin fee of 2.0% to 2.2%. A note […]

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