Saving & Spending
Bank of China’s SmartSaver Appealing at up to 3.55% Interest Income. We compare against OCBC 360, UOB ONE and iSavvy
By Investment Moats  •  November 8, 2015
As wealth builders, one of the common actions we engage in is to find an idea high yielding account which are low risk to park our money which we needed very soon. In a low interest environment it is difficult to find a good place to park our money with decent interest rates. Thus there is a rise of the hybrid hurdle high yield savings accounts. These are bank accounts that gives you higher interest, provided you do a few hurdles. The more popular accounts currently are:
  • UOB ONE Account, which can reach 2.48% interest on your $50,000
  • OCBC 360 Account, which can reach 3.25% or 2.25% interest on your $60,000
A previous post compares the two accounts and evaluates whether you should switch from the OCBC 360 to the UOB ONE account. You can read it here. There is a land grab for your cash taking ......
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By Investment Moats
Investment Moats is set up by Kyith Ng and have been around since 2005. He aims to share his experiences making sense of money, how money works and ways to grow his money. It hopes that by sharing his experiences, both good and bad, season investors can advice and critique his decisions and new investors can learn from them and find their own style ...
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