Has an account balance of at least S$10,000 Has at least S$2,000 of salary credited into their savings account every month after CPF contributions Spends
Savings accounts have made a resurgence in today’s era of high interest rates. Banks across the board have increased their interest rates for their savings accounts to levels we haven’t seen in years. With the vast number of different savings accounts out there that offer different promotional rates, you might be confused as to which savings account will best suit your needs. We break down three of the most attractive savings accounts for the average young working adult in Singapore so that you are able to make a more informed decision about how to best maximise your savings. For the ease of comparison, we shall assume the profile of an average Singaporean early-career working adult, who:
...