I saw this DBS deal on our BIGScribe Facebook Group BIGS World that looked kind of attractive.
DBS came up with a short duration savings account targeted at young adults to save money.
I heard of a few versions of how this work from friends and got really confused.
Is this better than the other hurdle savings account that I covered in my best Singapore short term savings account 2017?
So I decide to take a look.
What BYOB and SAYE is About
Be your own boss looks to be a scheme from DBS to encourage young working adults to save.
To be eligible for this, you must be between 18 years old to 30 years old. This effectively eliminate old men like myself.
You must also not having a salary credit arrangement with POSB/DBS bank from 01 Sep 16 to 28 Feb 17.
With BYOB and SAYE, you get …