With an increasing culture of spending instead of saving, temptation of protection through too much insurance - when u are probably worth more dead than alive, cash is really king during emergencies or in between jobs

 

To offset inflation while holding cash, there are some suggestions

 

a.  OCBC 360 account with 3.05% interest up to 50K

http://www.ocbc.com.sg/personal-banking/accounts/360-account.html

1% for crediting salary, 1% for paying 3 online bills, 1% for $400 spend on ocbc cards

 

 

b. CIMB savings account with 0.8% interest

http://www.cimbbank.com.sg/index.php?ch=sg_per_st&pg=sg_per_st_cur&ac=12

monthly increment/lump sum of $500 to enjoy 0.8% for checking current account, or $100 monthly increment for savings account

c. Standard chartered bonus$aver account with 1.88% interest up to 25K

https://www.sc.com/sg/save/current-bonussaver.html?pid=S:SCBMN:N:SG-P:SB-M:O-R:NA-L:NA-O:NA-D:141101-10002125

monthly spend of $500 in Stanchart credit cards to enjoy 1.88% interest