Disclaimer: This article is written in partnership with SingSaver and contains affiliate links. SingSaver is your trusted partner for all things personal finance. SingSaver makes your personal finance accessible with easy to understand personal finance reads, tools and money hacks that simplify all of life’s financial decisions for you.  Please do your due diligence whether the promotion campaign is suitable for your banking needs.

Do we still need a High Yield Savings Account?

Banks have been reducing their flagship High Yield Savings Account’s interest rate for a time being. This personally led me to compile the best savings product consisting of Insurance Savings Plan and Cash Management Solutions. It has come to a point where we ask ourselves whether there is still a need to own a High Yield Savings Account since the alternatives savings products are offering better returns with no conditions.

The answer is Yes! Although Insurance Savings Plans like Singtel Dash PET and Cash Management