Here's the facts:
Singlife account:
First 10k - 2.5% pa
Next 90k - 1.0% pa
Thereafter - 0% pa
CIMB fast saver:
First 50k - 1.0% pa
Next 25k - 1.5% pa
Next 25k - 1.8% pa
Thereafter - 0.6% pa
Here's the calculations of the interest earned and interest % pa for both:
Singlife account:
Singlife account |
CIMB fast saver:
CIMB fastsaver |
I just did up the interest for the various banding. Straight away we can see that the interest we can get for CIMB is much more for greater amounts of principal put inside
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