National Service (NS) is one of the best times to start your personal finance journey.

You may be searching for the best savings account to park your money in.

However, each account has its pros and cons.

Instead, why not use a few accounts together to maximise your benefits?

Here’s a 4 account strategy which NSFs can take advantage of.

TABLE OF CONTENTS

  1. The 4 Best Accounts for NSFs
  1. DBS Multiplier Account
  2. Standard Chartered JumpStart Account
  3. SingLife Account
  4. POSB SAYS Programme
  1. The strategy to maximise your savings
  1. Spending
  2. Emergency funds
  3. Saving for short term goals (e.g. tuition fees)
  4. Summary
  1. How much should I be placing into each account?
  1. You have more than $10k of savings
  2. You have less than $10k of savings

The 4 Best Accounts for NSFs

If you’re a NSF and are at least 18 years old, here are 4 accounts that you are able to open:

  1. DBS Multiplier Account
  2. Standard Chartered JumpStart Account
  3. SingLife Account
  4. POSB SAYS Programme
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