This is what Privilege Banking customers at UOB get:
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Apologies for the bad quality. |
These are some seriously small peanuts.
Money in our emergency funds (less than $350,000) if left in a savings account like this will get only 0.1% in interest payment per year! Imagine that.
Better leave the funds in fixed deposits. We will still be paid peanuts but these peanuts are at least bigger.
I suppose this is true not only for emergency funds but also for any money that has been earmarked for some specific purpose in the near future. Don't just leave the money in a savings account......