By now, I am sure you have read through many articles talking about the recent bank interest rate cuts, whether it is from Seedly or from other bloggers or from Reddit/Hardwarezone. This article is just a brief breakdown of the recent changes that happened to the popular bank accounts as well as potential alternatives you can look for. What happened? Banks aggressively cut their interest rates again. Standard Chartered My favourite Standard Chartered Jumpstart account cut their interest rates from 1% to 0.4%. I will still be using their debit card for the 1% rebate. However, I honestly do not see much appeal in putting my money in there considering that their ATM locations are not as common as DBS or OCBC and there are many better alternatives for my cash. DBS DBS Multiplier’s interest rate has also been cut significantly. For most Singaporeans, you will probably be earning less than 1% of interest, probably 0.8%. (Unless you have an existing home loan with DBS, then it will be more)...