Saving & Spending
The Best Risk-Free Interests in Singapore
By Salary.sg - Your Salary in Singapore  •  October 10, 2016
If you keep cash, like many people do, this article tells you which banks offer the best “risk-free interests” on your cash deposits. By “risk-free”, we mean you do not have to take any form of risk, whether it is an investment risk, or even freezing your money for a period of time (i.e. you can’t withdraw). You want to keep your money liquid – you want the flexibility of withdrawing your money at any time. And you do not want to incur any possible investment loss. Of course, it’s never 100% zero risk. There’s always this extremely tiny risk of the bank collapsing and reneging on all payments. There are some conditions though. For 3 of the banks that we are highlighting in this article, you need to credit your salary ($2k for BOC and OCBC, but $3k for Stanchart), incur some credit card spend ($500/mth), and ......
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By Salary.sg - Your Salary in Singapore
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