By The Boy Who Procrastinates – June 01, 2018

This is a continuation from the previous post on Active Savings Accounts, which are mainly targeted at salaried employees.

For the self-employed/freelancers who do not draw salary through GIRO with transaction reference codes of SAL/PAY, or the frugal bunch who struggle with spending $500 on your credit card a month, fret not! There is a series of savings accounts that do not require you to complete the burdensome hurdles of salary crediting or credit card spending. In such scenarios, it will definitely be worthwhile to look into passive savings accounts instead.

UOB Stash Account Personally, I feel that this is one of the most advertised savings account, as evidenced by the eye-catching glittering word, “STASH” seen from the external advertisement panels as well as stickers on taxis. But is this really as good as its marketing effort? Let’s find out!