Advertisement

Anonymous

06 Dec 2019

∙

Are there any saving accounts that allows me to credit my salary via cheque and fulfil the requirement to earn interest?

It sounds a little stupid... but my boss credits my salary via a hardcopy cheque instead of GIRO. Would want to earn and build my financial stability as a fresh grad

8

Discussion (8)

What are your thoughts?

Learn how to style your text

Pang Zhe Liang

06 Dec 2019

Fee-Based Financial Advisory Manager at Financial Alliance Pte Ltd (IFA Firm)

From the bank's perspective, there is no way to verify that the cheque is salary. Hence, you may wish to seek alternative bank where crediting of salary is not a requirement to reach the higher yield.

Consider Standard Chartered JumpStart account.

Here is everything about me and what I do best.

Reply

Save

Choon Yuan Chan

05 Dec 2019

I dont think there is cheque salary crediting that helps you earn more interest

Stick to Uob one account or CIMB fastsaver then

Reply

Save

Hwee Kian

05 Dec 2019

If you're below 26, then it's ideal for you to have the SCB Jumpstart account. Fresh funds of 20k (up to) earn you a decent 2% interest with no criteria to meet at all. Not too shabby!

Reply

Save

Junus Eu

05 Dec 2019

Go for the accounts that do not require salary crediting ie. CIMB and Citibank Maxigain.

Reply

Save

Jeff Yeo

07 Jun 2019

amateur Social contributor at School of social sharing

Go for the Uob one account

no salary credit required
...

Write your thoughts

Related Posts

Is it possible to split salary to credit different bank accounts to maximise interest earned (avoiding caps) whilst fulfilling the salary credit requirement?

Any savings account that allows you to earn bonus interest and air miles on credit card spend at the same time (currently using the UOB One card which is a cash back card)?

How do I increase my interest rate in the DBS multiplier account? I have credited my salary and linked a credit card to this DBS account. What else can I do to earn more interest rates? Thank you!?

Does anyone know for POSB SAVE AS YOU EARN/SERVE (SAYE/SAYS) account, do I need to credit my Salary to the account directly or I can just do a deposit from my own account to receive the special interest?

Working for a year and opened 360 for salary credit. Should I apply for a credit card or change saving account? Currently, $200 monthly spending. I seldom online shopping. It's difficult to reach the min spending for CC to earn cashback. Any advise?

Related Products

Standard Chartered JumpStart Account

4.8

782 Reviews

Maximum Interest: 2.50% p.a. for balances up to S$50,000

INTEREST RATES

$0

MIN. INITIAL DEPOSIT

$0

MIN. AVG DAILY BALANCE

DBS/POSB Multiplier Account

4.4

321 Reviews

OCBC FRANK Account

4.7

212 Reviews

Related Posts

Is it possible to split salary to credit different bank accounts to maximise interest earned (avoiding caps) whilst fulfilling the salary credit requirement?

Any savings account that allows you to earn bonus interest and air miles on credit card spend at the same time (currently using the UOB One card which is a cash back card)?

How do I increase my interest rate in the DBS multiplier account? I have credited my salary and linked a credit card to this DBS account. What else can I do to earn more interest rates? Thank you!?

Does anyone know for POSB SAVE AS YOU EARN/SERVE (SAYE/SAYS) account, do I need to credit my Salary to the account directly or I can just do a deposit from my own account to receive the special interest?

Working for a year and opened 360 for salary credit. Should I apply for a credit card or change saving account? Currently, $200 monthly spending. I seldom online shopping. It's difficult to reach the min spending for CC to earn cashback. Any advise?

Advertisement