Interest rates have on the rise! If we were to sit back and do nothing about it, you will easily lose out your money to inflation. Stock markets and news of company layoffs also haven’t been all the comforting in recent weeks.
Fret not, there are options aplenty and all it takes is for you to spend some time managing your finances and you’ll thank yourself for that down the road.
1 . Highest Interest Rate Savings Account – OCBC 360 (4.05% ~ 6.15%)
Just at the start of November, OCBC has announced its increase in their OCBC360 savings interest rates. And boy, these rates are quite unmatched when compared to the other banks’ high interest rate savings account.
The latest diagram above from OCBC, shows that by simply crediting your salary + increasing your monthly balance by $500 monthly easily earns you an interest of 4.05% on your first S$100,000. Just 2 simple criteria (which I believe most salaried individuals can attain)...