Jumpstart account
The Standard Chartered Jumpstart account is where I put most of my cash right now. This will be a simple breakdown on why I chose this savings account.
PROS
High base interest rate of 2% per yearNo fall below feesNot many T&Cs (Age is the only requirement)Easy to apply forAllows money to be withdrawn without penalty
CONS
Capped at $20,000Only available for those aged 18-26
For more information on this please visit https://www.sc.com/sg/save/savings-accounts/jumpstart
Save As You Earn
Another Savings Account that I am putting my cash in is POSB's SAYE account, this is also another savings account that gives pretty high interest rate however this savings account has a lot more terms and condition which might not be suitable for everyone
PROS
High Interest rate of 2++% depending on the amount you deposit into it every monthEasy to apply for
CONS
Have to save a consistent amount every monthAny withdrawal of cash from this account will cause you to forfeit your...