Just when I had a go at criticizing the DBS Be Your Own Boss (BYOB) Promotion and Save As You Earn (SAYE) Account, my wife expresses interest in it. I can see the reason behind this. From this month onwards, my wife’s salary will be credited into a DBS savings account held in her name. She wanted to know if it’s possible for us to utilize that to our advantage. After all, salary crediting usually allows for higher interest to be earned, as you can see from the OCBC 360 and UOB One bank accounts. I’m pleased she has thought about this. Well done!

This is how we considered whether my wife should register for the DBS BYOB Promotion and SAYE Account. First, we looked at the DBS BYOB Promotion website landing page and the key conditions and benefits are highlighted on the webpage. However, we noted a few concerns about the mechanics and …