6 months ago, I took part in the DBS fixed deposit promotion that offers 1.5% for a 6 month tenure.
In a few days time, that fixed deposit will mature and I will have back a respectable heap of cash that will be sitting around waiting to do nothing. So what should I do with it?
Almost exactly a year ago, I was saying that one of my goals was to open up another bank account for my excess cash, and it would probably be with CIMB. Of course, it was not until recently that I had the delightful problem of having too much cash, so opening another bank account was not a priority for me.
CIMB does have a lot of options when it comes to cash management.
Just a basic cash savings account has an interest rate of 0.5% pa!
If you top-up your cash …