I have recently done a restructuring of my bank accounts to fully maximise the interest that I could garner for my passive funds. In all, I have set up 3 accounts for my passive funds which is DBS Multiplier, CIMB StarSaver and UOB One Account. It prompts me to write this post as I hope it provides useful information to help your passive or emergency funds work harder in terms of returns.

DBS Multiplier Account

For normal folks whom giro your salary to your DBS/POSB account and either you have some spending on your DBS credit cards or have a home loan with DBS, you will be able to get returns from 1.8 percent to 2.2 percent for funds in your multiplier account. The maximum you can get is up to 3.5 percent which is the highest tier and not easily attainable. There is a cap up …