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Anonymous
Happened to see it today on Moneysmart. This account gives 2% p.a. for the first 20k deposited, with no min deposit, fall below fees and monthly fee... I am wondering if there is a catch?
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Rais M
09 Mar 2020
Accountant at SME
Completely no catch at all. I would have go for it if I am within the age limit. In fact, if you own this account, it seems you can even get to enjoy using it for the rest of your life and enjoy the 2% interest rate.
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No catch at all. In fact, if you will continue to enjoy the prevailing interest rate (2% on first $20k, 0.1% above $20k) when you hit the age of 27 provided that you have created the account beforehand.
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The best part is that there Is no catch. However you need to be between the age of 18 -26 to be able to create an account.
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Gabriel
06 Mar 2020
Undergraduate at National University of Singapore
This is by far the best savings account for youngsters, 2% interest p.a with no other conditions suc...
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