In my previous post, I talked about how I’ve hit my goal of saving $100k cash before 28. Here are some of my personal saving tips:
Park your money in a high interest savings account
- I started off with POSB Kids Savings then switched to FRANK account in Uni and then to OCBC 360 after I started work. The interests offered by OCBC 360 is so far one of the best. 1.2% on salary crediting and 0.5% on paying 3 bills. Clocked my expenses on other credit cards instead of OCBC, so I only have 1.7% p.a on my 360. It does help me in achieving my goal faster. But, if a better savings account comes along, I’ll just jump the ship.
Park your remaining money in a fixed deposit
- Since only the first $60k enjoys attractive interest, why park the remaining amount for the …