“My savings account suck, What are the better options”
This article was written for the typical working adult with a few years in the workforce and now looking to re-consider if he/she is on the correct savings accounts.
(Updated 26 January 2018 to reflect the all the new savings accounts in the market)
A Typical Working Adult Scenario Earn more than $2k, credited salary to account Spend a min. $600 a month on a credit card (Daily expenses e.g F&B, Online) Account balance varies accordingly from 10k and above
For completeness sake, we are going to compare the 7 main savings accounts in Singapore which are commonly applied based on the salary and spending above. We are NOT comparing the promotional deals for accounts that are usually for a shorter term.
Editor’s note: We do not get any commissions from any of these recommendations.You will start to realize also that very often, the ......