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Anonymous
I am in my last year of uni, I run a blog that generates me about 3k a month. I have accumulated about 30k in my POSB savings account. I don't spend much (about $400 a month after incl. insurance and stuff). After some research I realised that the best account is POSB's Build Your Own Boss but I realised that it requires salary crediting. I just collect sales by Paypal and then transfer to my POSB account currently. Not sure how it works now...
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Gabriel
31 Oct 2018
Undergraduate at National University of Singapore
Since you don't meet the salary crediting requirement, you should consider using CIMB FastSaver instead which gives you 1% interest per annum so long as you maintain at least $1,000 in your account. Also, it doesn't have any other requirements to enjoy the 1% interest and you can easily sign up for an account online. It's Clicks iBanking interface may be abit outdated but it does the job!
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For savings accounts that don't require salary creditting, CITI and CIMB.
Personally I have liked Citibank Maxigain for up to $150k, and post which I tend channel it to CIMB for the rest. THAT SAID they have revised their fine print such that there will be a massive drop in interest rate from 2 Dec 2019 onwards, potentially from the current
2.5% to 1.5%. I will be looking out for other places to park my cash!
What I do is to max out Citibank Maxigain, then put the rest in CIMB.