This is a continuation from my post on Singapore high yield savings accounts Part 1.
In part 2, I will share tips to evaluate the bonus interest requirements and how you can consistently meet them monthly.
The second section, I will share the pros and cons for each account, specifically OCBC 360, UOB One and DBS Multiplier.
Evaluating Bonus Interest RequirementsWhen evaluating each bonus interest requirement, I will mainly ask three questions:
Can I automate the required action?Is the cost of meeting the bonus interest requirement low?Am I already doing something similar that I could adapt to meet the bonus interest requirement?The first question removes the dependency of effort on your part. If a bonus interest requirement requires you to monitor, perform a specific action and meet a certain threshold, it increases the odds of you missing the requirement. If you can automate it, it almost
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